The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1906-08-11
ont Industrial Company

The Monongahela Industrial ON
pany of Fairmont, on October 1, 1905,
purchased 700 acres Of land from one
ItoGtwo and one.haIf miles east of the
Ectty, including the Hickman Run val
LEY and upward. The price paid for
this territory was $34S.O00.00. The
purchasers issued against the proper
lty $s00,000.00 first mrtagage bonds
land 500, 10000 second mortgage
bonds. All of the second mortgage
bonds have been sold and but 20 per
cent. of the first mortgage bonds r
main unsold, the company having pro.
vided $50, 900 for Improvements on the
lands.
The Maryland Trust Company OF
Baltimore. Md, is the trustee under
both mortgages. The purpose of the
company is to promote manufacturing
industries and to develop desirable
residence territory. More than 200
acres of land is available for industrial
purposes by railroad on easy grade;
the remainder is gently rising and
affords desirable residence sites. The
land is owned in fee and free from
mining operations. Broad are
laid out and graded, affording the fin
est drives IN the State. A one.half
mile. regulation race track will be con.
structed on the land, will, ball ground,
circus ground and park.
For several years the people OF
Falrmont have recognized that the
city was developing in The direction
Eof the lands purchased by this COM
pany, but there have been a great
many obstacles to contend with. For
a great many years the B. and o. r.
r.. Company has been endeaYoring to
iconstruct what is called the Palatine
Branch, or the projection OF their line
of railroad on the east side OF the riv-
er. While this road is not yet con.
~structed, the rights OF way have been
obtained with but one exception, and
part OF the road has been constructed,
which was necessary in giving facili-
ties to the Monongahela Industrial
Company.
L. HLH-. E.- --a. .Ha. HE. 49, ..E
The history OF the growth of Fair
mont is not unlike that of cities in
general. Upon new strides in growth
obstacles have been found in the way.
Cities cannot grow faster than the
minds Of their people broaden to meet
new conditions. The legislature OF
West Virginia, by enactment in 1899,
combined the town of Palattne, the
east side of the river, with Falrmont,
The advantages OF. Greater Fairmont
then became apparent to the business
interests of the city, the future growth
and development Of the city then seek
ing the east side.
since this act the only means OF
connection has been a fraiI suspen'
sion bridge, constructed before the
civil war. The bridge has several
times been condemned as unsafe for
travel and public use. Great pressure
is being brought to bear on the author.
tiles for the construction Of a new and
adequate steel. bridge, supporting 9
double track for street cars, thus unit
ing Fairmont in a commercial sense.
The Fairmont and Clarksburg Trac
ton Company is anxious to invade
the east side of the river with its
lines and has offered to assist the
county in the construction of a new
bridge. An independent traction COM
pany Is endeavorlng to get franchises
flor the territory under development
A corporation is also proposed to be
formed to construct a bridge span
ming the Monongahela river, connect
ing streets higher in the city than the
river streets.
Complete railroad facilities are pro
vfded for the Monongahela Industrial
Company at a cost of about $s0.000.00
The railroad company encourages TIL.
production Of freight on this brancl
lin every way conaisten With its bust
ness
III The territory accessIble q.
tety j two paved aHenues
AIHhe Eafrinont and Efatt0n. GaI