Roanoke daily times. (Roanoke, Va) 1886-1890, 1889-12-13
FRIDAY. DECEMBER 10, 1889.
ATTRACTING OUTSIDE CAPITAL.

Erastus Wiman. Of New York, III re-
gard to a company that has been Oh
gauized in England, havirg for its pur
pose the Investigation Of industrial and
other enterprises in the United States
with the object of their ultimate pur-
chase and development.
Among the principal hackers of the
new syndicate, are SAID to be the
Rothschilds and other wealthy Euro
pean bankers. The capital stock
amounts to $l00,000,000
IN the interview published BY the
Star, Mr.. Wiman expressed the
belief that nearly 500, 100000 Of
English money had, within the past
two years, been invested in American
industries, which would be in the
neighborhood Of million dollars
week during that period, an immense
volume of gold that must necessarily
have a very marked effect Oh the
industrial condition Of the country.
AS great as has been this torrent
of incoming capital it is now to be in-
creased by the organisation of this new
syndicate.
But" said Mr.. Wiman to MS inter-
viewer, "this is merely drop in the
bucket compared to what remains in
Eogland practically uninvested or, al
any rate, so invested that the returns
are utterly unsatisfactory. Why, we
have not yet scratched the cover Of the
big pot OF the English gold that awaits
investment in American enterprises.
and it is my ballet that in time it Will
Row over here in an almost constant
stream"
a very large proportion Of this
foreign capital is being brought to the
South, where the handsomest dividends
await the wise aud prudent investor.
No locality in the southern section
offers such tempting opportunities to
make money as cuthwest Virginia,
and especially in and around our Own
city of Roanoke.
We have here in close proximity to
each other the wsalth-producinS raw
materials; our city possesses the charm
Of climate and Of natural scenery that
COMO short ways in increasing the like
lihood of success.
We have surrounding US u splendid
agricultural region that furnishes our
people with the choicest market sup
plies at a comparatively moderate cost.
Besides the blessing of an incom-
parable climate, we can boast of the
purity and healthgiving qualities of our
drinking watsr-an item OF importance
that every community very properly
lays particular stress upon.
We are in the full enjoyment of free
educational facilities. We have mahY
beautiful churches representing nuu-
Der of denominations, and our people
are both religious and social IN their
nature.
We are to have a handsome opera
iiotiso, aud doubtless other like attrsc-
tive and civillzing accessories are to
follow. We could continue at greater
length this gratifying enumeration, but
we have gone far enough to illustrate
tho poiut we wish to make con-
spicuous.
What we have stated above are ia
miliar facts to our citizens. Every ad-
vantage that Roanoke possesses for
residence for business or manufacture
ing, are well-known to all of US.
But here comes the point.
The great outside world knows COM
raratively nothing ofour city's growth,
prosperity, OF advantages. 1t is true
an occasional advertisement of Roa-
nokc appears in some class or trade
Journal, or desultory "write-ap''
finds its way into some distant paper
with limited audience Of readers.
This is all true, doubtless, but what
we most need, what every town must
have TO attain permanent and ever in
creasing growth and prosperity, is a
steady, systematic, persistent and in
telligent dissemination Of information
relative to the city's advantages that
the man in search Of healthy and
pleasant home, the capitalist in quest
OF dividend producing Investment,
may be thereby attracted to our midst.
A steady, persistent effort
is necessary. Srasmodic eutbursts
5 4.