Newspaper Page Text
Tie Big Stone Gap Post.
C. M. Karris. Editor and Manager. THURSDAY. APRIL 13,1892. Tksms or Sckhcuption : One Year. |1>00] Six Months, ... go P?vment ?trtcttv In ?dv?ncc. THE SITUATION. Referring to the general state of af? fairs in and around Big Stone (Jap the future prospects of the place lias, possibly to some, become an old, old story ; but the Port never tires speak? ing of the many advantages possessed, naturally, by this immediate section. If you plant a crop of corn to-day ?although it may be the richest field on the farm?you .don't expect to go out tomorrow and gather an armful of roasting-cars. So it is with the great coal, iron and timber re? sources of this section. It is nec? essary to do the plowing and hoeing before returns can he expected. This work is now being done here. The different companies owning the great bodies of valuable mineral and tim? ber properties surrounding the town are now doing the preliminary work, and before a great while longer will get "right square down t<> business." Of course it's unpleasant to wait so long for ''the good time that's coin? ing," but it will be the more appre? ciated when it docs come. The Virginia Coal and Iron Co., the Interstate; Investment <'o., the Virginia, Tennessee and Carolina Steel and Iron Co., the Mineral De velopm'ent Co.., and others have not invested millions of dollars ol here merely for fun. Thoy mean to develop their holding's, and when this progressive move sets in nothing but tho "general destruction ?>;' worlds" can lodd Hig Stone (Jap down or pre? vent her from becoming one niong the foremost and leading manufacturing and industrial cities of the South. Paste this prediction on the wall, and if yon are not too far past the meridian in life you will live to read it again when all these things have come to pass. TO BE REPRESENTED AT THE WORLD'S FAIR. The Interstate investment <\>., through its agent, Mr. \Y. S. Palmer, of this place, is getting out two sec? tions of coal to be placed on cxnibi bition at the World's Pair. One of them is taken from the company's property on Reasor's fork of Clover fork, in Harlan county, Ky. This section is 2x2x5J< feet, and comes from one of the finest splint veins found in the United States. The other section is taken from a vein near Crab Orchard, Ya., and meas? ures 2x2x64 feet. Iu addition to these specimens the company is having mined from each of four seams, at Crab Orchard, ten tons of coal, which is how being hauled bv wagons to Double Tunnel, to be shipped from that point to Earlington, Ky., where it;; coking qualities are to be tested. A magnificent display could be made at the World's Fair of the coal, iron and timber of this section of country if the different large compa? nies interested here were to join to? gether and get up an exhibit. In this issue of the Post will be seen the announcement of Mr. Walter E. Addison of his candidacy for the posi? tion of Mayor of Big Stone Gap. Mr. Addison is well known to the voters of the town as a thorough gentleman, possessing high legal attainments and well qualified to discharge the duties of the office. lx ms report read before the Share? holders of the Middlesborough Town Co., in London, England, President Powers, in referring to the advanta? ges of this as an iron producing sec-, tion, said: "I may mention with regard to this iron, that I was told in Louisville that the product of the furnaces at Big Stone (Jap, on the Louisville and Nashville Road, 60 miles N, E. of jis, in a locality abounding in the same natural re? sources as far as ore is concerned, as Middlesborough, was fetching in the Pittshtsrg and Cincinnati markets, $1.00 per ton more than any iron produced south of the Ohio River; and the Southern States, gentlemen, produce more than 22 per cent, of all the iron smelted in the United States." Hon. ?fno. A. Buchanan and Col. Dan. Trigg, of Abingdon, Ya., came down from "Wise C. H. Tuesday;' where they had been employed by the defendant in the big land suit of the Carter heirs against Stewart. About seven days of the court were consumed in this case, which result? ed in the jury rendering a verdict in /ayor ol the dcfemjaii^ WASHINGTON LETTER. i Vo*l\Regtitrtr.Coricipi>ndutit.; WabhiKOTOX, April 10, IfcWJ. Editor Pont : The politics of the administration have changed, but the Americanism which was such a %conspicuous fea? ture of the last administration is no wit less pronounced in the present one, as was shown by the vigorous and prompt action taken sever days ago in demanding apologies and repar? ation from Peru andTurkcy for fail: rare of citizens of those countries to respect the American flag and the property of American citizens. The popularity of a vigorous maintenance of American rights abroad is unques? tionable, and it indicates very plain? ly that America is to occupy a much higher place in the estimation of for? eign nations, which as a rule recog? nize nothing but courage backed up by force, in the future than it has in the past, without regard to the poli? tics of the administration that hap? pens to be in power. Theoretically im/st people agree that nepotism is a bad thing, but practically the meml.es of all the po? litical parties are guilty of it when they have a chance. Here is a par? tial list, written from memory, of those guilty of it in the last adnun istrtion and Congress: President Harrison, a brother; See. Blaiue, a brother and two sons; Attorney Gen? eral Miller, his son; Assitant Sec. (now Gov.) Crounse, a son; Treas? urer Nebccker, a son: Senators Danes and Blair, sons, Senator Dolph, a son in-law; Speaker Crisp, a son; Repre? sentatives Springer, a son; Knloe, a son; Stump (now c. ?mm isoner of Immigration,) a Json; Peel, a son; Wise, a brother; Ileilly, a son; Tillman, a son: Buukhoad, a son; Catehings, a son; Henderson, of 111., a son, and Youmans, a son. And the following in the present adminis? tration and Senate, the House not yet being organized: Vice President ; Stevenson, a son; See. Carlisle, a son; Senators Pugh, a sou; Morgan, a son'; Smith, a son; Vance, a son; Vorhees, ! a son; Harris, a son; PefFer a daugh . tor; Blackburn, a son; Daniel, a son; Jones, of Ark., a son; Squire, a son; Gallinger, a son and Blodgctt, a son. These, mind you, are only important positions. Doubtless there are many more relatives of officials occupying j minor positions on the government j payroll. What one does others will do; hence the necessity for a law ! against nepotism. ! rCx-Congrcssman Cox, of North Carolina, w ho has been elected see ! retarv of the State, but who will not assume the duties of that office until Congress meets again, is a staunch advocate of (he general adoption of civil service reform in all branches of the govermcnt service in actual prac? tice as well as in theory. That he honestly believes in the idea was shown a few years ago when he gave up what would have been a certain renomination and election togongrcss rather than demonstrate himself to be a spoilsman, as was reqiiired by j his constituents. Speaking of the ' Secretary of tlie Senate, some years ago the late 11. J. llamsdcll, (hen one of the most prominent Washington Correspondents, was asked what were the duties of the See. of the Senate. "Why, simply to be a gentleman at all times, and to brighten the dull moments of idling Senators," was his reply. Senator Vorhees has offered a reso? lution, which was referred to the committee on Inter-state Commerce, that may have an important bearing upon the rights of organized labor, if adopted by the Senate. The resolu? tion after setting forth in the pream able the recent decision of (J. S. .fudges, instructs the inter-state Commerce committie to inquire into the matter, a ad to report to the Sen? ate what action may be necessary for the better protection of the laboring people in their natural and inalienable rights and for their greater security from encroachments of corporation power. The movement for the election of Senators by the district vote pf the people, which was not long ago very lightly regarded, has assumed such proportions that its oponents have be? gun to fight it. The war upon it is being led by Senator Hoar, who offer? ed last week a resolution declaring it inexpedient to propose a constitu tional amendment for the popular election of Senators, and who made really able arguement in favor of the resolution, although it probably did not change the mind of a single Senator. It is expected that the extra session of the Senate will end this week, although it will, of coure, depend up? on President Cleveland, as the Sen? ate cannot adjourn until he notifies it that he has no further communication to make; but it is understood he will do in a few days, as nearly all of the iujportout foreign Humiliations have been made. There is much doubt about the confirmation of the nomi? nation of Mr. Eckels of 111., to be Comptroller of the Currency, becauc of objections raised by Senators on account of his lack of experience in hanking aiTairs. The Comptroller has direct charge of the National Banks, and the Senators think should he a man thoroughly conversant with banking methods. CAUSE OP FAILURE. Statlfttical Kevlew oT tli? M intake* of American llustiteHfl Men. The Bradstreet company has sent out a small pamphlet containing the record of an investigation into the; causes of business failures. The in? vestigation covers the three years 1890, 1891 and 1892. The causes of failure in business are separated into two grand divisions ?causes due to the fault of those fail? ing, and causes not so due. Under the first head we have a subdivision incompetence, neglect of business and fraudulent disposition of property; under the second, disasters, failures of others apparently solvent, and special or undue competition. Some of these are further subdivided. The total failures in the United States last year were 10,270. This includes only those whose creditors sustained some loss, and not those who sacrficcd their investments in the whole or in the part. Of these failures 3343, of 32.5 per cent, were due to lack of capital, of Jiving to do too much business for the capital employed, [ncompetency is credited with diaster 19,2; fraudulent disposition of property, 10,3; irrex perience, ^.'2; unwise credits, 4: out? side speculation, 1.9; neglect of busi? ness, 3; cxtravigance, 1.4; failure of others, 1.9; undue competition, 1.7; per cent. This classification relates merely to the number of failures, and takes no account of their importance, as indicated by the amount of liabilites. Of the failure last year, the percen? tage of liabilities due to encompetency was 12 3; inexperience, 3; lack of capital 27; unwise crediting crediting, 4.3; outside speculation. 7; neglect of business, 1.0; cxtravigance, 1.5; fraud, 0.2; disaster, 25.8; failure of others, 5.0; undue competition, 1.2. The results shown by these estimates are interesting and in some instances surprising. The small number of failures dm. to the unwise credits, speculation and neglect ol business are of the latter description, it is to be noted at the same time, that ! while speculation is credited with but 1.8 of the numbers of failts es, if pn - '(luces 7 per cent, of the liabilities, 1 showing that speculators fail for much more than the average amounts. It may also he noted that while disaster (including fires, flood, crop failure, and commercial crisis, caused less than one-fifth of the fail? ures, it was responsible for more than one-forth of the liabilites. On the other hand, the lack of capital pro? duces a larger percentage of the num? ber of failures than of the liabilities; !in other words, it produces more Ismail failures than largeoncij A comparison of the failures in Canada with those of the United States shows that (55 per cent, there.or twice as many here, are due to Inch of capital, while 5.2 per cent, are due to fraud, or only half as many as in the United States. It would hardly be correct to infer from this that the Canadians are twice as honest as we are, but have relatively only half as much money. The different condi? tions under which business is done in the two countries may account for the difference, which is very striking un? der any aspect of the case. The most salient future of the rec? ord is that it shows that the ovc wheliiiing majority of failures is due to the fault of the persons failing, only 22.8 per cent being put down as not due to this class of causes. It must be remembered, however that the fault here meant are not all or chiefly moral delinquents, but faults from a business standpoint,such as incompetence, errors of judgnient, including as the most important of all, the error of trying to do more business than one's capital justifies. -.-.>.,-,? There is an army of men employed upon the railroads of the United States, an army of 784,0!>0. They' are not engaged in idle maneuvers, dross parade, barrack drills,or prepar? ation for warfare, but by their dili? gence, energy and toll contribute im |mensely to the wealth, well being and development of the country, the in? terchange of its products, the diffusion of information, and the prompt tans portation of vast numbers of passengbi with a remarkably low percentage of casualties. The number of pas? sengers carried last year was 530, 000,000. The n urn be r of passenger:; | killed was 293.?Scientific American. Remember next week is the last chance to vote hi the Post's1 guitar contest. rcOW GOING ON JKT THE 1 1VU?. $15,000 WORTH OF GOODS TO BE SOLD AT AND BSLOW COS? DON'T MISS THE OPPORTUNITY I A CHANCE OF A LIFETIME: WAKE Ul?! This Slaughter 5aie Shall Be Remembered and Talked Of for Years to Come as Being a Great Revolution in Pric GOODS! We are Goingto Do Business with You, Because We Have Exactly What You Want, and Our Pri< are From 25 to 50 Per Cent. Less than Ycu Have Ever Heard of Before i OT'Tt FALL AND WINTER ATTRACTIONS WILL CAUSE A GREAT TURNOUT! Such quantities . ' New Styles as we show in 'all departments leaves nothing to be asked tor in Quality and Variety. Our Fresh, Neu I, First Class h every detail. We have the disposition, the ability and-the Elegant Goods to please every buyer seeking bargains. ;? ? MEN'S, YOUTHS', BOYS' and CHILDREN'S CLOTHING. BOOTS. SHOES, LADIES and GENT'S FURNISHIN HATS. CAPS, TRUNKS, VALISES, DRY GOODS, NOTIONS, MILLINERY, WATCHES and JEWELRY Our complete assortment insures perfect satisfaction in the selection of goods' to please individual tastes. Von will find oui lai entirely of New Goods, that are trustworthy, serviceable and the Lest of their class. BVBHYTHING GOE? AT ??rf> BJE>X,OW COST ! Coiiie in and see how fair we will treat, you, how well we will please you and how much we will save you. Our go ds and prices are \\< your inspection and will prove this. The early bird secures (lie worm, I lie buyer who is cute. The run 11 who buys of us will find lie's doublt blessi d; Will be the man who gets in first and picks (he slickesl suit. tic saves good money on cacli deal, mid "els the vcrs best Remember we mean what wc say, and (he reason why wc say what wo do is because we. have decided to get oul of (he r< t;il business und our there is nothing like a slim figure to put i( in motion. We have bought cheap and we will sell the entire stock at and holos cost. NOTICE?Anyone desiring to purchase our entire stock and wishing to step right into :iii established aud profitable business can irof a bargain will make terms to suit the purchaser. For further information ;id dress or call on THE NEW YORK CLOTHING AND SHOE HOUSE, Hi" St< m ?":. Thanking a liberal public for the patronage extended in the pnst, and cordially inviting all to come and ^ret the benefit <<t' our s!au'"hici -prici ? we \\ DW YORK CLOTHING AND SWOW Hr; BRANCH STORES: Coeburn, Va., and Corbin, Ky. ft. A\ ? $ I. MORGAN & CO., ACT FOR Oliver Invented and Gave to the World the Chillod Plow. mm? OLIVER CHILLED PLOW; MADE ONLY SY THE Oliver Chilled Plow Works, South Bend, Indiana, ARE THE BEST GENERAL PURPOSE PLOWS IN THE WORLD. A strong statement but a true one, for these plows arc better known, have reached a larger sale, have had a longer run, have proved more popular and given better satisfaction than any other plows on the face of the globe. We mean the GENUINE OLIVER, and not the imitations claim? ing to be the Oliver, or equally as good. Such imitations are on the market, placed there by unscrupulous manufacturers who seek to trade on the good name of the Oliver. Look out for imitations, buy only the genuine Oliver plows and repairs, and be sure you are right before you take the plow home. J8??*Once more?-Beware of 1 'bogus" Oliver plows and repairs, and take none but the genuine, made by the Oliver Chilled Plow Works, South Bend, Indiana. W. W. WOODRUFF & CO., ? General Agents, 76-178 Gay Street KMOXV1LLE, TENN Fi iPPALACHIAN BANK w. a. McDowell, president. AAJTHOlllZED CAPITAL $100, 00t). incorporated under the Laws, of State of Virginia. Does a General Banking Business. Draws Drafts Direct on all the Principal Citie3 of the V/orld. I E. J. Bum, Jit. H. C. McDotvKix, jr. ihkkctous: j. F. Bl'm.itt, jr. j. SI. Goodi.ok. j. H. F. Miu.s. K. M. Pitltov. C. W. Evans. It. T. Irvimc. W. A. .M. Dou'kix. j Depository of the County of Wise and the town of Big Stone Gap, Virginia. Ten-.pcrary Quarters, Opposite Post Office, BIG STONE CAP, VA. 1 OF BIG STONE GAP, 0*ii3it*;i l9 ^30,000,00 Incorporated under Virginia State Laws. Does a General Banking Business. 1 XT BUKST ALI.OWt::? ON TIME DKl'O.SJTS. W. H. N:cKKI.S, Pri^MiMit. ?1. it. RUJ.h.ITT, CaVliW: Wm. M. JIcKi.wkk, Teller. C. A. Tracy. TR A. w. Trjacy. OHTRACTORS AND RUILDERS. wacu i ?? mifi m PLANS AND ESTIMATES IN EITHER WOOD OR STONE. STORE-FITTINGS AND FINE WORK A SPECIALTY. Office Corner Shawn'ee Ave. and E. 5th St. Agents for Fay's Manilla Building Paper. S. I GOLLIER'8 POPULAR 61 -AND WYANiiorrt-: axexuk, hu; stoxk gap, va. 9 BRANDIER, WH-ISKiES, WINES AND BEER. The very best grades- always kept In stock, which I sell in quantities ranging from a bar glass up to within a gill of five galions. Parties purchasing in quantity will get benefit of lowest possible price. HOT EGG NOG AND TOM-AND-JERRY. When you want a good drink always give me a cull, and you will never leave tUaftppolnted, Messrs. Slehip and Unklar?the gentlemen to be found behind jny bar?will alway* treat you courteously, and sot that you have polite attention. 1 have recently purchased over 1.000 gallons of Fine North Carolina Whiskies and Brandies. Bar open.f rom 5 a. m. to 1 a. m. no WILLIAM CO/NW Exporter of Walnut Logsex L BALTIMORE, Write for Prices, naming your Railroad r.; from shipping points to Norfolk and Baltimore. W. D. OSBOR/N E & Z i 1 'iroprietorjs of I Middlesborough : Planint} i Dealers In Lumber, Sar-h. Doors, Blinds" Mouldings, Tnjj.: , Shingles, Yellow Pine Flooring*, ami ; SriiCIAI.TTJiS. GLAZED, \ fcTcli, Work , AND QUEEN ANNE. .? it 5 s es c s e d.5 s ib <> ro ixgii. W. D. OSCOR P TELEPHONE NO. On L. & N. R, R., - m&~mmK_ ?S+W, F* E3Mi ooixr'jri? .\< ? AND ? :o O K IL?, E E tin-.; t'.- s Given. Conl ( cneral Jobbing*, Tine Wi Fittings a Spc-ei Shop on 1\ ?od Avenue, nc:ii L<!<J cJTONE GAP. V 1 4 4 8 c i Two' beds of Coking Coal, each "?" over . ix feel thick, i: i Coke ;i.s produced in tin* United States, will he mined :i 'three miles <-!' tlie town. Two beds o! Luis ami Steam !'? feet thick, and a bed of Oannel Coal underlies tin- ?um ; . Two reliable lux's of Red Fossil im::. one carrying 1v [ ? : ia large deposit of Oriskany ore, carrying 5- per cent I [part t]ic town site, and thousands of acres <<;; 111:?* - <?: s ,' The most valuable area pf virgin forests, ??!' Walnut, !li< [ fellow Poplar (white Wood), Birch, Hemlock and Ch< 1 ! United States, immediately tributary to the f^wn, j Supplied by two rapid rivers flowing aiouud the tow !. piping from an elevation 395 feet a! - ve the town -ite, j tion. I Concentration ot railroads at this point inevitable. [Ohio now completed from Bristol, Tenu-y and Louisville* A p*eted from [jouisvillc, Kentucky. Several other roads I gtVuction'. Cheap F?cl.-Caeap Raw Material.-- Cheap Tri: \n $80U,'000 lion Plant nearly eom] !eted. j.-AYe hundred yoke Ovens to bo built ;-t once, ?ctric fright, Street Railway, Cood Liotclo, etc., t ie. MORE ADVANTAGES COMBINED THAN CAN BE F< OTHER LOCALITY. Manufacturers wanted. Substantial inducements bei Lois will be sohl at schedule rates. iie'Lu\etions to bufb Prices of lots in Plat No. 5, range from $50 t<? $1,00 : \ \dtiress BIG S'T?NG GAP IMP'ROVOIKN 1 1 SOUTH ATLANTIC ?ND OHIO RAIL? ROAD COMPANY. I.fc. ::roxii U.\r, \'.\., Cauu Xo. ri<), Dta km . Ii>, 1 ST):>. Tmins-EHfiti No. *J leaves !>:39j a. m.; arrives ;;t ttrfa tol 12:33 |>. in. X<>. I leaves 12:1*0 ;>. in.; arrives at B.rigfol I p. nt. Trains West. Xo. I'm retires 8^45 :t. m.; X<*. ii leavi^ a: 15 p. in. C'ouueetMMiH. Xos. 2 and I connect with the X.?v. VY., and K. T. V. & <3., at Bristol. No. 1 connects with the L. & N\, at DquMe Tnmic!. Eastern standard time. L. A. rittoijActfi A^ent." L. R. PERRY, STONE-CUTTER AND BUILDER. .,'. kth<Uj "f wotls iii STONE, BRICK, and PLASTERING, GRANOLITHIC WALKS. &c, B'g Stone Gap, or Gato City, Va, LJi i i. r^l .zz l. PHJCE. U CENT- : Terms Strict: % - Oftico and Yard on 1 near Intermo