September 14, 1890 — A mineral development company was organized at the Inn one day last week by a number of gentlemen interested in mineral properties near Luray. The capital stock was fixed at $75,000, of which $40,000 was taken at once, the V.L.&I. Co., subscribing most liberally to the enterprise. The company is assured that the balance of the stock will be taken in Baltimore. Another meeting of the subscribers will be held this week when the officers of the company will be elected. A large expenditure will be made in developing the rich manganese and iron properties in this vicinity, and preparing the product for market.
~ From the public archives of the Page News and Courier
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