Newspaper Page Text
THE BOOKS OPEN
the chattanooK* Land. Coal. Iron and
0 h .h. < .mutiny A Corporation With
". oaocaidi*'- and Owning 25.000 Acres
! About Cbattanooga—Strictly Hpn-
Jn an I p ri , ir i U ies—*2,ooo,ooo of the
*£. k £ Dividendo-A Bonus of Fifty Cants
C rommon Stock to Every Purchaser of
“e Hollar Preferred stock-The Sale of
V .fprrcd stock to Commence at 10 A. 51.,
fvSay March 10-The Sale of Stock
nmited Railways, Bridges Furnaces,
i , t„ be Built, and Coul Mines to be
, and Coke Ovens Erected - A Com-
P v Ornan.zed 0> the Successful Business
C r o?C?MU -oga, and Operated On An
upon and Stri tly Honorable Basis An
| *L rl p'a That Solicits aud Urges the
fiosest Scrutiny and Investigation -No
P Zt to Accrue to the Projector, of the
t arnriee Un { After the Ilol(ler8 of
Preferred Stock Have Their Money Back
Wu'tiout Relinquishing Their btock.
office ok the Chattanooga Land,j
° F ‘oal, Ikon and Railway Cos., V
CHATTANOOGA, IKNN., MalOh 22, IbSI.J
notice of sale of stock.
The undersigned, Preeldent.Vice PresU
i.ut Secretary and Treasurer and Board
nf Directors of the CnatUnooga Land,
foal Iron and Railway Company, as
trustees, hereby give uotlo that pursu
to authority given, they will, at the
( jice o; said compatiy. 322 Market street,
in the city Ol Chattanooga, on Wednes
day .March 80, 1387, oomramolng at 10 a.
S proceed to sail for cash, two million
“'d P five hundred thousand dollars
V> SCO 000) of tbs preferred stock and
ore million two hundred and fifty thou
sand dollars ($1,200,000) of oomrooa
.took in the proportion of two shares
( %the preferred to one of the ootn-
B ?n, at par for the preferred, that
is to say every purchaser of two shares
of preferred dollar for dollar, will receive
as a bonus one Bbareof the oommon stock,
vaid sale will continue from day to day
until April 9, 1887. or longer at the option
of the undersigned. Parties at a distance
ean secure stook by depositing at their
local bank the amount ol their purchase
to the credit of anv bank in Chattanooga,
and forwarding their application through
the Chattanooga bank, aud it will receive
prompt attention. Otherwise, applica
tions for stock from parties of unknown
responsibility will be unheeded.
The sale of stock is positively limited
to the two and one-half millions of pre
ferred stock.
Fully paid up and non-assessahle stock
will be issued at once.
J. W T . Adams. President,
T. G. Montague, Vice Pres.,
H. Clay Evans, Sec. and Treas.
THE FKOSPEOTCg.
The Chattanooga Land, Coal, Iron and
Railway Company has reoently been in
corporated under the laws of Tennessee.
Its authorized capital is twelve million
($12,000,000) dollars, divided In shares of
1100 each.
The property of the company consists of
twenty-two thousand acres within and
contiguous to the city of Chattanooga,
the greater portion of the estate being
less than six miles from the business
centre o( Chattanooga.
The property embraces the choicest
lands for residence, business and manu
facture, and includes some ten thousand
acres ol coal, iron ore and timber land of
Incalculable value.
Thm property will be made available
and developed as rapidly as ths judicious
expenditure of money will peimit.
Among the objects aDd purposes of the
company are the erection of two bridges
a! once across the Tennessee river, along
which stream the company own ten
miles frontage: a railroad traversing the
property and up Walden’s ridge to the
coal fields and two blast furnaces.
Manufacturing establishments are to
be encouraged by liberal donations, gen
erous assistance and , cheap fuel and
transportation.
The property is to be extensively ad
vertised and new comers invited and in
duced to locate on the lands of the com
pany.
tbe plan of organization.
sOf the twelve million dollars ($12,000,-
dU) capital stock, two and one-half mil-
HP dollars ($2,500,000) will be preferred,
■I that amount will oe sold at once, and
spyvery purchaser of one dollar prefer
yia stock there will be given as a bonus,
■wily cents in comtnou stock—an aggre
ate of one and one-fourth million dollars
1,125,000) oommon stock. On this pre
i-iArred stock the company agree to pay
I 0 per cent, in dividends from sales
;?/ property before any of the eomrnon
participates in the profits,
ibe common stook not held by preferred
will be held by a trustee, in
"dose hands the stock is In trust with
( '.he agreement that said trustee is to hold
if**, , stoc k and neither release nor sell
r unt! ‘ the market value is fifty cents or
more on the dollar. This assures the
ho.ders of preferred stook their monev
back, and in addition at least 50 per
cent, ot the tace value for both the pre
lerretl and common stook held by tbem
s mVn* ' UU, ‘ U * vaiUß of the prelerred
fetork nan been repaid to tbeoa.
preferred stock has secured
cease in
nau Inu i, preferred stock aud partici
pate equally Wltu tbe otUw „ lock , n
, WheH prelerred stook
reaann , K ar !' ot * r a8 inferred stock by
reason ol having received ItH) per cent, in
dividends then all the stock of the com
pa iy stanua on the samebasis.alldls
tiuctions, suoh a, “preferred” aud “com
tnju, being discontinued.
on tho m.ri °/ tUa CJl “l jani ' "HI be put
ll,Xl 'b< ket at once aud sold In acres.
,0 T a,ld lotH ’ a8 the directors
tiu h rl6 I ,rnc eeds arising irom
on the i,ri m,W i 1,0 ust,d l pay dividends
cent nr sm V ea , Btock ’ exc '' lt ten per
tionoftn i* Sae “’ wbiou lu the discre
the im, r 'v i reot .°7 oan be retained for
not tu‘ *,V "VW ,und - b "t said fund is
Dollars(iwifoooo* U “ d,ed ThoUßttnd
hs sutlTcienYni Ud * '! ill be paid *" oft,?n
necessary JJ! oy 18 accur nulated above
t **o't^tae X stook ? n * (1)
•ales of la,'ilia? ta ® t,!B (,0 > p#r ®ent. ol
trustees tm l „ r ere }* conveyed to the
Ploy a^foVl,'? b L' ef tbn rnßßn ‘ i to be em
ithiusnse b,u , S, # " J |, POpUl ‘ ,i “ ? thlß
the advantas. m ,ohe “* P uu “H to
Preferred atnno ! be Purchasers of the
raise the rones " nt c . omiBOU stock used to
a.th
- $7,25 ) (WO nr is „ U ’ 9 •"terprtse by
such terml ' b 0 the common stock oil
, the .iVmorV Tu makH *bsola‘ely safe
i tiiOD hi 0( !, , * n . tho prefc-ircd and com
t proposed bv ttucSl a •oPome,
CJicter I„r Inuifr i J ‘he well-known char-
Rhe Incornorainr 7 ?"' 1 ras f">ntbinty of
Jvidenoe D „°f r,k J" r *' "" uec.ssary
wused on f U ]i /“'t* l to purchasers
Jeneral pu" raUu ln lt,e BU °°c* ol the
Jl"m|mnrw n il!nm t | or - nn| zaUnn of tbls
(fituesday in jun ° ,na ' l,! unUI the first
Bhs pri„fLi?. n * “ ,lr 'he sale of
P r "ill psi tici, lll v ,,,, “ !l atookhold
r-uent iillciiri! *** “ lUb obulce of Pr*
The ™* COK,, OKATION.
*ri' n who KWiieli* uo, niossd of gentle
s •“
inikT: Rw3JXa5
among them hnve successfully inanag-id
large inonsy corporations and combina
tions of oapUalists. They are all known
ns of the most enterprising, progressive
and capable business men in the South.
THE BOARD OF OIKECTORS.
The following is u list of the directors
of the company. They are all residents
of Chattanooga, and represent, as will h
readily recognized, the substantial and
foremost business mou m the community.
J.*\V. Adams,
Architect and contractor.
T. I). Yon no,
Genera: attorney Southern Express Com
pany.
IT. S. Chamskbi.aim.
President Roane Iron Company.
11. Clay Evans,
President Chattanooga Car and Foundry
Company,
C. A. Lyeri.y,
President Chattanooga National Bank.
C. E. James.
President Union Railway Company.
John a. Hart,
President Third National Bank of Chatta
nooga.
D. P. Montaulb,
President Chattanooga Clay Pipe Works.
J. K. Loomis,
President Loomis & Hart Manufacturing
Company.
U. C. Beck.
County Register.
Mrs. K. L>. RathBCRN,
X. G. Montague,
President First Nat’l Bank of Chattanooga.
J. P. SM ARTT,
Vice President Third National Bank.
Adolth s. Ochs,
President Times Printing Compauv,
L. E. Montaock,
Capitalist.
Creed F. Batss,
AUorney-at-law.
H. C. S<nmii!B,
Cashier First Nat’l Bank of Chattanooga.
J. H. Seely,
Railroad contractor.
i>. Woodworth, Jr,
MauagcrFayerweather & Ladew’s Tannery
E. Watkins,
Preaioeiu Lookout Mountain Company.
W. E. HASKSTTF,
Cashier Third Nat’l Bank of Chattanooga.
W. T. liCBKIIAM.
Manager Commercial Printing Cos
1). G. Gkvpup,
Railroad contractor.
J. U. Tables,
President Daisy Coal Cos.
Samuel R. Head,
Proprietor Read House.
J. H. Rathburk.
Assistant Casnier First National Bank.
M. P. MuLaukin,
Manager Chattanooga Cotton Factory.
H. F. ROOKRS,
Secrstsry Police Commission.
A. J. G A HAGAN,
Sec’y and Troas. Loomis A Hart Manf’g Cos.
R. M. Tankkslky,
Real estate agent.
G. W. Thompson.
President, City Savings Bank.
Georg* w. Ochs,
Manager Tradesman Publishing Cos.
G. Q. Adams,
Architect and builder.
D. B. Loylman,
Dry goods merchant.
H. S. Probasoo,
Capitalist.
G G. Lilly,
Wholesale grocer.
M. Block.
Wholesale druggist.
W. F. Fischer,
Jeweler.
J. W. Kelly,
Wholesale liquor dealer.
George McDowell,
President Commercial Printing Cos.
the lands of the company.
The city of Chattanooga now contains
about 35,000 inhabitants, aud is a most
thrifty and rapidly growing town. The
highlands within its site, on the south
bank ot the Tennessee, have chiefly bean
occupied, or are now held, by persons
who iutsud to improve them for manufac
turing, residence or business use. To
suob extent has this become tbe faot that
the high line of land called Missionary
Ridge, lying from three to six miles from
the eentre of the city, is being sub-dlvidud
for residence purposes and sold at rates
ranging from SSOO to $2,000 per uore to
actual settlers. This points to tbe
necessity for opening to settlement
the beautiful, high and healthy
lauds north of the cit>, which have nere
tofore been Inaccessible for lack of a
bridge or bridges across the stream. To
meet this demand this company bus pur
chased seven thousand and eight hundred
(7,800) acres of these lands. They are
most desirably located for residence,
business and manufacturing purposes,
being close to tbe business centre of the
city, with alight exception above over-'
flow, affording river frontage of jcarly
ten miles, with the most distant point
upon them less than six miles distant
from Market street at the intersection of
Ninth, tbe present business centre of the
city.
The early completion of the great
canals now being built bv the national
government around Muscle Shoals will
give much additional value to river
frontage. Within a year it is expected
that boats can ply between Cbatuuooga
and New Orleans through tbe Musole
Shoal canal*, tbe building Of which have
cost several millions during tbe past
forty years.
THE HIGH FOOT HILLS
covered by a portion of the company’s
purchase nave no superiors as sightly
locations for fine residences ln all rs
spects they are very desirable, beautiful
ly wooded, readily watered, with perfect
natural drainage.
The company has also purchased five
thousand (5,000) acres on the south side
and top ot Walden’s ridge, including the
site of Signal Point, These lands are
noted among medical and sanitary au
thorities ail over the oountry as afford
ing toe must perfect climatic conditions
required to promote perfect health. They
are a part of the celebrated Cumberland
tableland, upon which no original case of
pulmonary consumption ever occurred.
The suriaoe on top is a broad plateau,
gently rolling, is dotted with mineral
springs, and can readily and cheaply be
supplied with beautiful drives through
long stretches of the most luxurious
■bade. No better sites for sanitariums
cau be found ln tbe world. Hundreds
who were on tbe verge of the tomb have
been removed from tbe vigorous climate
of tbs North or Irom the surrounding
oountry to this splendid
NATIONAL HEALTH RESORT,
though their surroundings bare been
rude and means of msdioal cars, advice,
nursing, etc., limited. These facts have
been very lully demonstrated by expe
rience,aud waio set forth attractively ins
pauipbiel published about ten years ago
by tbe late E. M. Wright, M. !>., a lead
ing bnuthern physician aud sanitarian;
member of the Tennessee State Bqard of
Health and inspector of the National
Board of Health lu 1878-9-80. The
scenery from the brow of tbe ridge is of
uusurpussed beauty, commanding the
city as from the car of a balloon elevated
tirteen hundred teet, the river valley far
many miles, tar stretches ot country to
tbe south and southeast, Raccoon and
Lookout mouutaias for a distance ol
thirty miles. The mercury seldom rises
abovo 80 degs., Fahrenheit, on this
plateau, in July, August and Septem
ber the nights are deliciously 000 l and
bracing, enabling a healthy person to
sleep warmly covered.
These ridge lands cover
INEXHAUSTIBLE BEDS OF COAL
and the sides are underlaid by an abund
ance of excellent lossiiiferous iron ore.
The coal Is excellent for coking purposes
aud includes five workable vein* hitherto
unavailable tor want ol transportation
facilities, three ot which will average 4
feet 0 inches.
Tbe oompanv bas also purchased seven
thousand (7,000) acres oa Walden’s rldgo
extending from the Cincinnati Souths™
railway iu tbe valley to tbs top and along
the ridge. These lands are underlaid as
those at and eastward of Signal l’olnt
with
FINK COKING, HEATING AND DOMESTIC
COAL,
no better In tbe Southern coal belt. There
Is groat abuudauoe hare of limestone of
SAVANNAH MORNING NEWS: SUNDAY, MARCH 27, 1887—TWELVE PAGES.
fine quality for building purpose* or fur
nace llux. This immense tract includes
the lanteus
ROCK CITY,
one of the most interesting natural curi
osities In our Southern mountain region.
Nerc enormous masses of rook rise ab
ruptly troiu the mountain plaisau to great
heights, looking like a eolleouon of lurge
and small houses in the distance, and be
ing intersected by streets, somo ot which
are wonderfully regular, as if laid out by
a skillful engineer. Near this remarkable
oily, built by the great architect, is a beau
tiful lake, tbe water of which is as clear
as crystal. This body ot water lies in a
dent In the great mass of old red sand
stone, sooopud out or broken down by
some oonvulsion ot the formative period
of nature. It is se deep that the bottom
has never beer, fouud by line or plummet,
and the surlace iorms one of the most
beautiful sheets of watar to be seeu in the
wot Id. This body of laud is traversed
by North Chioamauga creek and the
famous gulch formed by the wearing of
this stream through tbe sandstone many
hundred feet deep. This beautiful
stream of always claar and living water,
fs,l by freestone springs, ruas at the bot
tom of tbe gulch, and the latter presents
the outcrop ol coal, seam above seam,
demonstrating the great value of the
tract tor mining purposes. It is believed
that this lake and the stream below can
be utilized to furnish Chattanooga an
abundant supply of water by gravity
pressure, water that curries no admix
tures of unwholesome ingredients, and
always bright aud clear.
LAND ADJOINING THE CITY OF CHATTA
NOOGA.
The company owns seventeen hundred
(1,700) acres of splendid river valley and
Missionary ridge land above the cuy
soutn of the river, witu a water frontage
of five miles on Tennessee river and
South Chicamauga, which is navigable
through thff tract. The Cincinnati South
ern aud Western and Atlantio railroads
run through a portion of this tract.
Bounded by navigable waters aud
bisected by two principal lines ot rail
road, the tract is easily available tor resi
dence sites aud manutacturing establish
ments. This is one of the finest bodies of
land in the country iu ail respects, and
of great value for such uses as the oom
pauy propose for it. No more convenient
site can be louud for a thrifty suburb of
the city than this land affords.
The company owns valuable property
on Georgia avenue in Cuattauooga, which
will be used ior the creel ion of offices aud
headquarters: also ihe beautiful island iu
the river, directly north of the bead of this
avenue, which lovely spot will be utilized
as a park.
The total holdings of the company may
be thus slated:
North of the city, along tho river . 7,800 acres
OnW'aUlen’s Rutgu (Sigual Point,
and Chattanooga, Coal Co.’s
Lands) ... 5,000 acres
Coal and mineral land o”North
Chicamauga and the ridge 7,000 aores
Tract near the cits’, south of the
river, and on South Chicamauga
and Tennessee rivers 1,700 acres
Total 21,500 acres
Exclusive of the island and the city lot,
which, considered as part of the grand
whole, are very valuable. The titles to
all of the above property have been care
fully investigated, and are considered per
fect.
To make this great estate available for
the purposes hereinbefore set out, the
company propose:
TWO BRIDGES.
1. To immediately span the Tennessee
river with two or more bridges, at points
best calculated to enhance the value oi
their property to such parties as may pur
chase parts of tbe earns for residence,
manufacturing or business use.
building lots.
2. To plat Its lands nearest the city and
those at and near 81gsai Point, in blocks,
parks, etc., intersected with streets and
alleys at approved distances from each
other, and bring said streets and alleys to
proper grade.
TRANSPORTATION FACILITIES.
3. To see that a railroad is built,
equipped and put in operation from the
oity through their property in the grand
bend and north ot the city to Signal Point.
Also to construct a belt line around tbe
property connecting with the Cincinnati
Southern railway near the point wnore
the latter crosses the Tennessee river.
Looking to this sud a company has pur
chased the franchise and property in
grading of the Chattanooga Western rail
road, the completion and extension of
whloh will accomplish this part ot the
initial development. A large part of ths
heavier grading of this road has already
been dens.
LIBERAL AID TO MANUFACTURERS.
4. To furnish oheap and cheaply ac
cessible homes for workiug people and
others of small means. To extend lib
eral aid and substantial encouragement
to manufacturing enterprises, schools
aud churches, and other public institu
tions required by an Intelligent and pro
gressive community. To all such enter
prises site* will be donated, and other
reasonable assistanoe extended; to tbe
end that the company’s lands shall be oc
cupied by a thrifty sad every way de
sirable population.
5. Charters have been obtained for a
line of dummy railway aud horse railway
aud for water and gasworks, the services
of which will be extended as last as busl
ness prudence and prudential develop
ment will justify. The charter for a
bridge oompauy has beeu obtained, under
which a railway bridge aud a carriage
and footway bridge will bo built. The
1,700-acre tract south of til* river will bo
connected with the city by a railroad
four miles long, connecting Boyce sta
tion with onh of tbe main lines at tne
east city litfe, and affording manufactur
ers in tbatquarter railway transportation
in addition to their river facilities. Thu
Msinphis and Coarlestoa railway has sur
veyed a line from Stevenson to Chatta
nooga which runs through tnis company’s
lands, crosslug tho river on the west side
or town. All these lines will furnish
ample transportation facilities; supple
mented as they are by the river they will
form tb# most complete system of trans
port in the South.
BLAST FURNACES AND COKE OVENS.
6. The company will aid in erecting
two blast furnaces near the junction of
Chicamauga and Tennessee rivers, about
the centre of the 1,700-ac’ e tract two and
one-balf miles from also,
500 coke ovens on coal
property, on the line oTthe Chattanooga
Western railway.
This is an outline of the schmno of
development contemplated. In connec
tion with the map ol the estate it will
give a fair idea of tho project in its en
tirety.
It bas bean the purpose to organize the
Chattanooga Laud, Coal, Iron and Hall
way Company on such a basis as will
commend its stock a* a safe and profita
ble investment, and nothing has been lslt
undone to make it earn tbe confidence of
the most Incredulous. Tne company owns
lands which are now valuable, mid will
largely mcreaee in value as it becomes
mors available by the contemplated im
provements.
It will be observed that tbe purchasers
of tbls stock are not only assured against
loss, because the lands of tbe company,
if sold at half what suob property not
near so desirable in the vicinity of Chat
tanooga is being sold at, will realize more
than fifteen millions ot dollars, and their
stock will control and receive all the divi
dends until tbeir money is returnsd,
leaving them their shares of stook tn par
ticipate equally with the common stook in
all after declared dividends.
Tbe projectors of this enterprise have
realized no profits to themselves in the
premises, and will not, until tbe dlvt
uends on the preferred stock are nil paid
mid the oommon stook, retained by them
thereby made valuable. In other word*,
tbev bav6 assumed all inoidental risk,
preferring and promoting the public.
Inviting the closest scrutiny and inves
tigation, we recommend the pmchase n(
the above stock as being, In our Juris
meet, a good, safe and profitable invest
ment. Respectfully submitted,
Chattanooga Land. Coal, Iron and
Railway Company.
CHATTANOOGA,
THE MANUFACTURING AND COM
MGKI'IAL CENTRE OF
IUE SOCI H.
its Marvelous Growth in the Past Decade—A
New Metropolis in the Galaxy of American
Oitieg Arising From the Ashes of the War-
Destined by Nature to be a Great City—A
Brief Summary of Its Wonderful Progress,
Its Unexampled Prosperity, Its Brilliant
Future—Unsurpassed as a Manufacturing
Point—Uuequaled Water aud Rail Trans
portation Facilities, and the Ceutre of the
Mineral District of the South—lts Pictur
esque Surroundings, Rendered Famous in
llistory and Soug and Its Salubrious Climate
—Ceutre of a Fine Agricultural District—
The Rapid Growth of All Lines of Mercan
tile Pursuits—What Chattanooga Has Dono
for the Men Who Have Invested Within Its
Boundaries; Fortunes Rapidly Made in All
Legitimate Branches of Trade —On tho
Threshold of a New Kra of Prosperity,
Heretofore Unequated iu the History of
Our Country, ar.d Scarcely Dreamt of by
Its Most Sanguine Well-Wishers.
A remark current urnong so'.diors In the
war period was '-all wise men with
through tickets to hell and stop-over priv
ileges at Chattanooga take ibe through
train lor their destination.” Expressions
such as these serve to demonstrate tho
estimate in which Chattanooga was hold
from 1865 to 1870, aud the superficial con
ditions of tho city almost juati
iied the remarks. Lying supinely,
impoverished by the devaluation of the
terrible battles that were waged within
its gates, sapped of every resource by the
insatiable greed or immense armies, its
buildings razed, a straggling village with
no permanent residents, ttio rendezvous
of army stragglers and camp followers,
deoimated by diseases which followed in
the wake of a long intrenched soldiery,
bestimed by floods and befouled by a
mustered out army, the little town on the
river bank was indeed repulsive to the
eye, aud tho stoutest heart grew l'aint in
contemplating its future, such was
its condition up to 1870. Without
schools, with only a church or two, no
social order, and the whole fabric of
municipal government demoralized, with
scaroely a brick house, and the only
business houses consisting of dilapidated
wooden shanties which had been built
for commissary stores, hardly a habita
ble residence," not a puolic building,
Chattanooga seventeen years ago began
its tirst delimte struggle to maintain its
autonomy and to become a city.
What is the record ?
In 18(10, 3,000 inhabitants; 1870, 6,093;
1880, 12,81)2; 1885, 26,000; 1886,80,000; 1887.
35.000, aud including the environs neurly
40,000.
What of Its wealth ?
In ]S6o{lncludicg slaves) the assessed
value of property was $1,130,729; 1870,
$1,195,616; 1880, $8,683,142; 1885, $6,229,-
646,; 1886, $0,500,000; 1887, $12,000,000.
TVhntol its industries ?
In 1860 the capital employed iu manu
facturing was $209,300; 1870, $475,155; in
1880, $2,700,000; 1885, $7,500,000; 1887,
$10,000,000.
Wnat of its banking capital?
1b 1860 the banking capital was net
$lO 000, in 1870 it was about $50,000, iu
1880 about $200,000. In 1887. including the
surplus, it is over $1,050,000. with a pros
pect of becoming about $1,500,000 before
the year closes.
What of its churches?
In 1860 the church property in tho city
was worth about $20,000, in 1870 about
$40,000, in 1880 about $60,000; to-day the
valuation is over $750,000, and belore
twelve months have passed four new
cnurches, costing over $250,000, will be
erected.
What of the schools?
In 1870 there were none; in 1885 the en
rollment was 3,458; in 1887 it. will exceed
5,000. besides a university with over 176
soaolats and a half dozen private schools
aud seminaries.
And so it could he continued ad infini
tum, showing (he marvelousdevelopment
that nas ensued, and demonstrating that
Chattanooga is now but on tho threshold
ol the glorious future that awaits it.
The casual reader will inquire what
has caused the rate of growth to become
relatively so much greater in the past
twelve months than in any preceding
semi-decade?
The question is one of easy solution.
The South is just emerging Irom the
paralysis which seized it after the war.
its boundless resources aud limitless nat
ural wealth is out now being fully real
ized. It is like a giant that has been pros
trate, bound first by adamantine chains
forged by slavery and tbeu exhausted by
the devastating effects of war, now shakes
off' the lethargy and rises a perfect man,
armed with every resource that God can
give, sustained by untai taring taitti in his
own strength, ana begins a struggle
which is a triumph, unchallenged by man
and unexampled in history.
What has contributed specifically to
the marvelous rapidity of Chattanooga's
growth in the past few months has been
concentration uf effort. This has been
effected by the organization of companies
strong enough to present its resume el
aud advantages intelligently. The citi
zens have felt the beneficent effeots of
such effort, aud have now reuohed the
point where nil their energies and capac
ities cun be tested lu one magnificent
project, stronger by far than any yet con
ceived anywhere in the South, and com
bining all the prudence, energy, capac
ity and business foresight that the
brightest minds and most conservative
judgment cun dictate. This is the or
ganization of the Chattanooga Land,
Coal, Iron and Railway Company,a cor
poration hacked by $12,000,000 capital,
aud representing as its assets 25,000 acres
of land, every foot of which lies within
six miles el the corporate limits of Chat
tanooga, bordered for twelve miles by the
Tennessee river and containing exhaust
lest stores of coal, iron ore and linn stone,
and comprises thousands of acres of the
most beautiful suburban tracts of
city. •
Why Is this company beneficial?
Because it combines all tbe business
prudence and active enterprise of the
city into a systematic effort in behalf of
Chattanoogu’s material growth.
Because It is strong enough to over
leap all obstacles aud powerful enough
to publish to tho world tbe matchless re
sources and unequaled advantages of the
city and section.
Because it can lend a helping band to
every laudable manufacturing enterprise.
Because it will spend a million or mure
in developing ils properties.
Kuoause, in tlfiort, it represents limit
less wealth and boundless resources, and
brings into active being all tbe energy
and brains of the community, systemati
cally concentrated with one great object,
the upbuilding ol Chattanr >ga and tbe
dovelopmont. Into their fullest activity,
all of its wonderful resources.
CHATTANOOGA’S INDUSTRIES.
Largest In Extent and More Divorat
iled Thun ut Any Point In the South.
Chattanooga lor ten years past bas
been recognized as tbe eomlng industrial
centre of tbe South, and tbe developments
in the past few years bave more than
Justified tbe predictions ot tbs most san
guine. Tbe city to-day contains more In
dustries and of greater diversity than
any oily lu Us South, aud tbe uianulau-
Hiring Interests art) developing to-day at
a rate heretofore without precedent iu
this country. Chattanooga is not de
pendent on any single branch or Indus
try, hut its diversified resourees aive ac
tivity in some of its branches at all tunes.
The iron market may become paralysed,
but this would not aii'eet the city, as its
vast lumber interests, employing fully
8,000 hands and representing over $4,000,-
000 oapital, would sustain activity, be
sides Iron and marble interests, kaolin
and pottery lutarests, large tanneries and
other manufacturing enterprises make
the city a veritable Pittsburg, No
city in Amerioa baa advantages equal to
Chattanooga for manufacturing. It has
water transportation the year uround to
New Orleaus, St. Louie and Cincinnati;
it has eight trunk lines converging in the
city, one more building and two mors
projected; it Is baoked by one or the
most fertile valleys in tha world; it
stands in the centre of a coni Held second
to none in America; irou ore can be
mined at its doors, and within fifty miles
or the oitv there is enough ore to supply
me world for centuries; limestone is the
bed rock on which it is built and crops
out on every hill and mountain; it la
the natural entrepot both by rail and
water for millions of acres of virgin for
ests, sufficient to supply all the world
for oue thousand yours; it is the natural
depot for the greatest marble quarries ol
the world, the quarries of East Tennessee
and North Georgia. It stands in tbo cen
tre of exhaustless kaolin beds, superior
to the best banks in New Jersey and
Ohio, in evidence of which the largest
potteries in those States receive their
obolce supplies direct from Chattanooga,
its climate is equable, enabling the work
men to live cheaply and benoe reduoing
the cost of labor, and combines both by
geographical location and natural re
source every quality to constitute a great
city and a manulaoturing coritre.
The practical results sustain these
statements.
Iu what way ?
Simyly from the fact that every manu
facturing enterprise that has ever been
located hero—whether a blast furnace,
steel works, stove roundly, furniture fac
tory, planing mil), tile works, tannery, or
plow factory—has enjoyed prosperity
from the start, and enriched every stock
holder, During tho year 1886 every tao
tory in Chattanooga enlarged from 26 to
100 per cent., and, during the present
year, even greater enlargements will bu
made.
i lie iron Industry.
Among the leading iron industries at
present in operation iu the city are the
following:
Koane Iron Cos. (Bessemer rail mill)
employing 700 hands.
South Tredegar Steel and Iron Cos.
(steel nails, etc.) employing 000 hands.
Two blast furnaces, daily capacity 165
tons. (Four more to be built and lour
more within thirty miles of the oity).
Lookout Rolling Mill, the only wrought
iron pipe mill in the South, employing 300
hands.
Chattanooga Plow Works, employing
about 100 hands.
Two Stove Foundries, employing over
176 hands.
Cast Iron Pipe Works, employing 176
hands. ( Another cast iron pipe works, to
employ 000 hands, will he erected by St.
Louis capitalists, the lund for which has
already been purchased).
Iron Mantel Works, largest In the
South, employing nearly 75 bands.
Besides the above there are six iron,
steel and brass foundries, flvo machine
shops, a barbed wire factory, a fence and
screw factory, two saw factories, two
boiler works, ingot steel mill, large
wrought iron range tactory, and many
other smaller iron aud steej oonoerns.
Among the more important iron and
steel plants soon to be added will be the
following:
Two blast furnaces by the Chatta
nooga Land, Coal, Iron and Railway
Company.
Two blast furnaces by the Dowling
Furnace Company.
Two blast furnaces by the Soddy Coal
Company.
Drop forge works to employ 160 hands.
Gas machine works to employ a large
force.
Tack factory to employ 100 hands.
Saw mill and wood-working machinery
mill to employ 100 to 150 hands.
File faotory to employ 26 hands.
The cast iron pipe works to employ 600
hands, previously spoken of.
In additlou to the above another rolling
mill, au edge tool factory, a horse and
mule shoe tactory and several other con
cerns propose locating In the oity and on
the properly of the Chattanooga Laud,
Coal, Lron aud Land Compauv during the
present year.
The Lumber Business.
The lumber interest of Cbattauooga, as
has previously been stated, is equal In
all respects to the iron interests, and the
success that has attended every venture
is phenomenal.
During the year 1886 the out of lumber
in Chattanooga was 27,800,000 leet. Three
new saw mills are bow being built, and
during the year 1887 the cut will be nuar
ly 40,000,000 Let. This is greater than
any other city in the South.
Wood working has been the Midas
which turned everything into gold that it
touched, and there are to-day in Chatta
nooga at least ten men who have made a
quurtor of a million dellars out of this
business in the past ten years.
There are to-day six planing mills In
the oity wbieb cut 64,000,000 feet an
nually. There are also six immense fur
niture factories iu the oity. Five years
ago there were none; to-day tha six
factories employ fully 700 hands, have an
annual output valued at $600,000. Chat
tanooga furniture is said from Florida to
Maine and as far West as Dakota and
Western Texas. Everyone that has em
barked in this business has grown riob
aud many new enterprises are contem
plated.
"1 Ilf) Tanneries.
Chattanooga is the centre of as fine
chestnut oak bark as can be found In
America. This bark baa special tanning
properties, and hence the oity contains
two large tanneries, one of which is the
largest in America, employing about 600
hands and covering over six aores of
ground. This tannery is owned by New
York oapital.
Kaolin.
Reference has previously bean made to
the great kaolin deposits in asd around
Chattanooga. There is to-day an Injmense
fire brick and draia tile works in Chatta
nooga, emplevlng ever 100 hands, and Its
produet commands a premium in the
market on account of the superior quality
of the clay. As has been previously stated,
Chattanooga clay is shipped to the great
est potteries ot New Jersey and Ohio. No
branch of Industry would prosper more
tbaa a iargs pottery; there ia a likelihood
of one being located here.,
Ihn Marble Interests.
As is kn own the world over, East Ten
nessee marble Is without a superior, and
in soma respects uas no equal. Chatta
nooga is the natural ehirauot for all tha
marble of East Tennessee and North
Georgia, both by river aud rail. Already
there is one large marble work* in tbo
oity, wkieb is so crowded with work
that it oaunot aucept orders, and other
large conoerne are only the question of a
abort time.
Stained Glass.
A Pittsburg concern has decided to
erect a $160,000 stained glass works on
the property of the Chattanooga Land,
Coal Iron and Hallway Company, and
have already opened an offlos in the oity.
Toe sand ia this locality is found to con
tain a very high grade of sllioa, especially
adapted to the manufacture of glass, and
this latter bide fair to become a very im
portant interest.
Cotton Manufacture.
Chattanooga is tbe natural market for
a section which raises 100,000 bales of
cotton annually, anil It is only the ques
tion of a abort time until tbe eutire
amount is handled here, ltscloseueas to
tile cotton holds and its uuequaletl trans
portation lacilllies make the oity a capi
tal point for cottou manufacture. There
is one factory now in operation and an
other large one is to be at once built.
Tbe city handled 40,000 bales of cotton In
1860, and will swell this amount to 70,000
bales in 1887.
Flouring Mills.
The Teunessee valley above Chatta
nooga Is one of the most fertile regions in
the .South, and annually produces 7,000,-
000 bushels of wheat. There are now
two very large flourishing mills in the
oity, and two more are soon to be erected.
In the above has been but briefly cited
tbemuin points of Chattanooga's present
industrial importance, but enough bus
been set forth to prove Chattanooga’s
present importance and to show how she
has been favored by the Almighty in
diversified resources ssooud to no oity in
the laud.
Tile Chattanooga Luml, Coal, Iron
umt Kailway Company.
This company opens its books for sub
scription to the preferred stock on
Wednesday. Miuoh 30.
Prominent among those who live else
where and are largely interested in the
company ro the following:
A. H. Taylor, president of the Tisho
mingo Snvi'pgs institution, Corinth, Miss.
John Cochnower, presidont Queen City
National ituulg, Cincinnati, Olpo.
T. F. Hardwick, banker, Dalton, Ga.
Henry Stix, wholesale olothier, Cincin
nati, Ohio.
M. J. O’Brien, General Superintendent
Southern Express Company, Now York
city.
H. 8. l.Rdew, of Faverweatber & Ladew,
New York City.
John P. 'Tiicbardson, wholesale dry
goods. New Orleans.
Dudley Baldwin, capitalist, Cleveland,
Ohio.
W. J. Boardmau, capitalist, Cleveland,
Ohio.
H C. Fisher, division superintendent
Southern Express Company, Memphis,
Tenn.
H. G. Daniel, capitalist, Clifton,W. Va.
Henry Frank, wholesale dry goods,
Natchez, Miss.
W. H. Clayton, division superintendent
Southern Express Company, Atlanta,Ga.
Urubieider & Taohau, distillers, Louis
ville, Ky.
Chattanooga.
The total enrollment at the Chattanooga
public schools Is about 5,000.
Chattanooga expended $ 1,200,000 in new
buildings in 1886. It will exceed $2,000,-
000 this year.
Work will begin In thirty days on a
$200,000 United States building to be
erected in the oily.
The Chattanooga post office receipts
have increased 30 percent, since last
spring, and the total receipts for the
twelve mouths ending In June will exceed
$ 10,000, making It a first-class oltico.
The Legislature has just passed a bill
authorizing Chattanooga to expeudsl,ooo,-
000 for street paving.
Chattanooga shipped over 1,000,000
pounds of strawberries to tbo Fast last
year, every pound of which was raised
within lour miles of tbe oity.
The average temperature at Chattanoo
ga for tbo period since 1879, when the
United States signal office was estab
lished here, was the golden mean, 60 de
grees.
Chattanooga expended over $350,000 for
new churches in tbe past two years and
will spend $250,000 for the same purpose
tn tbe ensuing twelve months.
Chattanooga is the lirst and only city In
the South to make Bessemer steel.
Chattauooga has the largest tannery in
America.
Chattanooga has tbe largest fire brick
and tile works in tbe South.
The wholesale business or Chattanooga
has increased 50 per cent. in the past
eighteen months.
The custom reoelpts at Chattanooga are
larger than at any inland point south of
Cincinnati.
Over eight million dollars has been in
vested in real estate at Chattanooga and
its environs since Jan. 12,1887, three
fourths *f which has oome from Missis
sippi. This demonstrates that the people
of tje South, who know our oity best,
have abiding faith in the city.
Chattanooga is composed of a cosmo
politan people, largely trom the North
ern States. Every new-comer Is cordially
received and made to feel that he is wel
osqie.
Chattanooga consumes more raw pig
iron daily than any other two cities in the
South.
Chattanooga manuraotures 100 per cent,
more furniture than any oity In the
South.
Chattanooga has the third largest steel
rail mill in America.
Two national Danka of tbo oity showed
deposits to aggregate $4,000,000 io their
official statement at the close of business
Maroh u.
By July 1 two steam railways will ox
tend from Chattanooga to tbs orest of
Lookout Mountain, and aiiother will ex
tend from tho oity to the top of TV aldsn’s
ridge.
Within fifteen minutes ride of Chatta
nooga is tbe famous resort, Lookout, an
nual capacity of 320,060 teas, as fellows:
Two are at Chattanooga, tws at Dayton,
two at Rookwood, ouo at Oakdale, one at
Rising Fawn, one at Cherokee Mountain,
where the temperature iu summer never
reaches 85 degrees and blankets are re
quired every night, from the point of
wbioh seven States oan ba seen and the
scenery to be witnessed from wbiohyie
pronounced by 7’aluiage, Beecher and
other great travelers to surpass anything
iu the Alps or Booties.
Before the present year ends Chatta
nooga will have twenty Ails* of dummy
transit lines and fifteen miles of street
railway.
Chattanooga manufactures more min.
eral paint than aav oity In the Union:
there is one new mill now being completed
wbioh will produoe twenty-five tens per
aay, fifty per oent. more than any one
single mill in the country.
Five years sgo there were not a half
dozen men In the city worth $56,000; now
there are twenty-five worth over quarter
of a million and fully 200 worth ever $50,-
000, every dollar of wbioh was made at
Chattanooga.
There are In the Chattanooga Iron dis
trict.to-day twelve blast furnaces with
another at Cherokee, Ga.; two at South
Pittsburg, one at Cowan. Two more are
to he built near South Pittsburg, four
more at Chattanooga, two at Bnddy near
Chattanooga, one at Hookwood, which
will make twenty-one blast furnaces In.
and within seventy miles of Chattanooga.
There are 1,600 >'oke ovens in Tentieseee
to-day against 056 in 1880 ; 500 more are
to be erected by tbe Chattanooga Land,
Coal, Iron and Railway Company, 200 by
John Ferguson at Chattanooga, aud 200
more at Boddy, twenty miles trem Chat
tanooga, 200 by the MoNgbbCoal Com
pany, eight miles from Chattanooga, 200
at Daisy, fltteen miles from Chattanooga,
making 1,300 new evens In and about the
oity durlug the present year.
The territory drained by the Tennessee
river is 06,000 square miles in extent and
Is one of tbe richest rsgions In natural
reeouroes In the world. Its marble, Iron
ore, ceal, copper, zinc, lead, building
stone and timber are In Inexhaustible
supplies; iu agricultural products are
now large, but not 3 per cent, baa vet been
realized. Chattanooga is by natural lo
cation the oentre and must inevitably b
tbe distributing depot lor all this bound
less wealth.
In 1877 the chief products of the Chat
tanooga dlstriot were as follows: Wheat,
7,099,501 bushels; corn, 24,179,100 bushels;
oats, 8,889,969 bushels; hay, 116,744 tons}
cotton, 62,974 bales. Tbe value of live
stock supported iu the valley was. la
1877, $27,771,909, aud of forest produots,
$377,795. The gain in the production of
oereals since 1877 has been fully 30 per
cent.
Within a olroult of 150 miles, Chatta
nooga being tbe centre, there were on
June 30,1680, according to the
States census, 1,800,000 inhabitants, aniyj
to-day there are in the tame territory"*
uoarly 3,000,000 people. It covers an area
of coal of 5,000 square miles; of iron ore
fully twice as much and 25,000,000 acres
of as good timbered laud as can be found
In the world. Or thiß magnificent em
pire Chattanooga is the geographical oen
tre and natural and oommeroial metropo
lis.
During the summer of 1885 the follow
ing were the shipments ot fruit from
Chattanooga, every pound of which was
raised within four miles of the city: Straw,
berries, 814,674 pounds; peas and beans,
39,106 pounds; tomatoes, 94,143 pounds;
peaches, 446,200 pounds; blackberries,
21,550 pounds; grapes, 21,001 pounds. The
shipments in 1886 were 25 per cent. larger.
Chattanooga fruits are five weeks ahead
of Cinoinnatl.
The United .States Governmont has dur
ing the past forty years expended several
million dollars in removing the obstruc
tions to uavigatiou by the Muscle Shoals
by building canals around the skoals.
The last appropriation for this work now
available is sufficient to advance tho great
work to such a condition that the largest
Mississippi steamers can pnss through
and thus reach the Chattanooga wharf.
The river will be opeu iu twelve months.
The Chattanooga Land, Coal, Iron and
Railway Company are prepared, willing
and anxious to encourage new comers
aud assist the location and successful
operation of any enterprise that will em
ploy labor and promote the growth and
prosperity of a community. —Chattanooga
(Tenn.) Times, Wednesday, March fit. s
llMilrpaPo. j
South Florida Railroad.'
CENTRAL STANDARD TIME.
ON and after SUNDAY. Feb. 27,1887, train*,
will arrive and leavo as follows
" Daily. tDaily except Sundays. tDaily
except Mondays.
Leave Sanford for
Tampa and way
stations *10:30 a m and •4:40 pm
Arrive at Tampa.... *3:40 p m aud *8:50 pm
Returning leavo
Tampa at *!>:2oamand *B:Copna
Arrive at Sanford . *2:30 p m and *1:00 a m
Leave Sanford for Kissimmee and
way stations at +5:00 pm
Arrive at Kissimmee at +7:00 pnt
Returning leave Kissimmee +0:40 am
Arrive at Sanford +B;Bsam
BARTOW BRANCH.
daily,
Lv Bartow Junction —
11:16 a m 2:10 and 7:18 p m
Ar Bartow 12:05, 8:10 and 8:14 pm
Returning Lv Bartow—
(l:40 a m 12:60 and 5:30 p m
Ar Bartow June 10:40 a m 1:40 and 0:30 p m
PEMBERTON FERRY BRANCH.
Operated by the South Florida Railroad.
•Leavo Bartow for Pemberton Ferry
and way stations at 7:15 a m
Arrive at Pemberton Ferry at 9:45 am
•Returning leavo Pemberton Ferry at 5:15 p m
Arriveat Bartow at B:iopua
JLeave Pemberton Ferrv 7:40 am
Arrive Bartow u nY
+ Leave Barlow 2:00 pm:
Arrive Pernherton FeFry 6:50 pm
SANFORD AND INDIAN RIVER K. R.
Leaves Sanford for
LakeCharneand way
Stations +10:15 a m and 5:10 p m
Arrives Lake Charm. 11:14 a m and 6:40 u m
Returning— r
Leaves Lake Charm.. 6:20 a m and 12:30 p m
Arrives at Sanford... 7:56 a m and 2:10 p m
SPECIAL CONNECTIONS.
Connects at Sanford with the Sanford and’
Indian River Railroad for Oviodo aud points'
on Lake Jessup, with the People’s Line and 1
Deßary-Bay a Merchants’ Line of bteainers.
and J. T. it K. W. Ry. for Jacksonville and
all intermediate points on the St. John’s
river, and witn ateumers for Indian river and
the Upper Bt. John’s.
At Kissimmee with steamers for Forts My
ers and Basslnger and points on Kissimmee
river.
At Pemberton Ferry with Florida Southern
Railway for all points North aud West, and
at Bartow with the Florida Southern Railway
for Fort Meade and points South.
STEAMSHIP CONNECTIONS.
Connects at Tampa with steamer "Marjffi
ret” for Palma Sola, Braidenlown, Palmetto-
Manatee, and all points oO Hillsborough and
Tampa Bays.
Also, with the elegant mail steamships
“Mascette” and "Whitney,” of the PlurJß
Steamship Cos., for Key West and Havana. ~
Through tickets sola at all regular station*
to points North, Bast and West.
Baggage cheeked through.
Passengers for Havana can leave Sanford
on Limited West India Fast Mail train at
4:49 p. m. (stooping only at Orlando, Kissim
mee, Bartow Japetion, Lakeland and Plant
City,) Tuesday, Thursday and Saturday, con
necting Bame evening wilhsteamer at Tampa*
WILBUtt McCOY.
General Freight and Ticket Agent.
THE ST, JAMES*
JACKSONVILLE, \ LA. 4M
CAPACITY, 50(19
The larroHt, het known and best equippll
house in Florida. ifl
J. R. CAMPBELL. V
i’l Opi'lOtOlgM
NEW HOTEL TOCNH
(Formerly at. Mark’s.) >1
Newnen Streot, near Ray, Jacksonville, Fla.'
TUB most central house in the oity, m-ar
Post Office, Street Cars and all Fei riOfc,
New and elegant furniture. Electric Bella.
Baths, Etc. 2soto 13 per day.
JOHN M. TOON I, Proprietor.
8. A. UPSON, Manager.
LEON HOTEL,
TALLAUASSEJE, FLA. **
M, L, OGLESBY, - • Manager*
WINTIuR RESORT.
Open December te Way. Daily Rates-$.
Hotel Vendorne*
BROADWAY AND 41st STREET. NEW
YORK.
AMERICAN PLAN. Centrally located,.
All the latest improvements. Cuialnsf
and service unexcelled.
Special rates to permanent guests.
_____ I. STEIN FELD, Manager.
HOTEL PHO2NIX,
PALATKA, FLA.
OPEN ALL THE YEAR.
This elegant Brick Hotel has all the modem
Improvements—Electric Bells, Gas. etc. Sank*
tirrysyste* perfeot. SMITH A EDWaRDS.
Caft Joe Smith, Manager. PronPs. m
Hotel San Salvadolf
St. Ggorge Street,
BT. AUGUSTINE, . FLORIDA'.
FI RBT-CLASS in all its appointments.
This hew and elegant concrete hotel is
handsomely furnished throughout, and hue
all the modern improvements—electric bells.'
uns, hath- and perfect sanitary system.
Rates: $2 6V to $8 per day. Special terms by
the week or month. G. N.PAPY, Proprietor.
MARSHALL HOUSED
SAVANNAH, GA.
GEO. D. HODGES, Proprietor. Formerly
of the Metropolitan Hotel, New York,
and tho Grand Union, Saratoga Springs.
Location central. All part* of the city and
places of iaterest accessible by street care
constantly passing the doors. Speotal in.
oucemenU te those visiting the city for bust,
ness or pleasure.
DUB’ HtiIeKVKN BOUSR. ‘
THIS popular hotel is now provided with a
Passenger Elevator (the only one tn the
otlvi and has been remodeled and newly fur
nished. Tbe proprietor, who by recent pur
ohseo is also the owner of tbe establishment,
spares neither pains nor expense in the enter
tainment of hie guest*. The pair mage of
Florida visitors Is earnestly tevtted. The
table of the Screven House U JipiUled with
every iuaurv that the mark* at home or
abroad can agent
7