The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-11-15
Mr.. TERRY INTERVIEWED.
He Talks About Roanoke in
Philadelphia.

Mr.. p. L. Terry, who is now in Phila-
delphia, has been interviewed by the
Inquirer, of that city, which says:
In the tide of humanity that flows in
and out of the big hotels, in the course
of every day events, there seldom comes
to the surface more interesting person
age than short, thick set man, about
fifty years of age, who sat reclining lcis-
urely on the bell boys bench at the La
fayette Hotel the other night.
He was p. l.. Terry, wealthy land
owner of Roanoke, Va, who has amass-
ed an immense fortune by the rise in
real estate values during the past three
or four years. 1t is less than decade
since he owned more than half the pres
cnt city of Roanoke. His possessions
then embraced u tract OF GOO acres in
that portion now known as the southern
section of Roanoke. Twenty years ago
he bought it for $4,000 and sold it in
1881, when Roanoke was town of about
400 inhabitants, to tho Roanoke Land
and Improvement Company for Sl25,0O0.
This company spent about S25, 900 cut
ting streets through the tract and reaped
an enormous profit from the sale Of the
ground in lots. Since Mr.. Terry parted
with the property some Of IL has been
sold at the rate Of $4,000 an acre, and
the estimated value of the same tract
now runs up into the millions.
Roanoke owes her present position
and marvellous development" said Mr..
Terry, ''to Philadelphia capitalists.
Through them we got tho English CAPT
tai which has done so much in the way
Of developing the wonderful coal and
iron interests OF our country. Philadel-
phia and London have really built up
Southwest Virginia. Her representa-
tives are still pushing forward the work
with great activity and striking pro-
gress, and they have among other enter
prises just broken ground at Roanoke
for "a mammoth rolling mill. 1t may be
that Philadelphia is slow at home, but
Philadelphians have with their push
and energy put the manufacturing in
terests of Roanoke one year ahead of
the city'S population. We have not
houses enough for the people who are
coming"
EXCHANGE DIRECTORS MEET.
Permanent Rooms and Secretary to he
Secured.
The board Of directors of the Real
Estate Exchange met last night at the
Office of Gray &. Roswell and decided to
secure permanent quarters as soon as
possible.
The rooms will be in charge of the
secretary and treasurer. who is to l.,
employed permanently at salary oil
one thousand dollars per annum.
Tho committee in charge of the lCca-
ton Of quarters and considerations ap
| plicati tons are Mcssrs. FcathersSonc
Boswell and Bowman.
Previous to the meeting of the board
President llorkaday heard the report.
of the committees having in charge tn,
details of the arrangements of the at
tendance ut the real cstatr .coLScntior
at Norfolk on the 10th AID 2Oth OF this
month.
Each member attending the 1onvcn
ton is Ia le the posscssor Of hand
some badge of white silk with gold
! lettering.
Arrangements have 0cen made Will
the Norfolk and Western for Il round
trip rate of $li.30.
y pullman car has been engaged cs
! pccial9y for the delegates. ard if found
necessary more will bc secured
Fra0cis u. Kemp. the chairman of
| the committee on trans 'ortation. wishes
to impress on the minds Of all member.
of the exchange. the clcccssty of com
| municrting with him 81: once if they dc
sire places in the slcePorS.
After these reports had been heard
the bGard went into session. .Iudg,
farre. and Mcssrs. Ycagor.and Bakcl
were Glecteh a committee TO revise tho
constitution and bylaws of the OK.
change so as to meet purposes OF the
reorganization.
The delegation from 1.his city to the
Norfolk convention wiz leave on Tues
day. amt, on arriving il Norfolk, will
mako their headquarters Ut the st.
James Hotel, handsome par.ors having
been seanred'lry Chairman Cat ;hins. oi
the com1iitteeon general arrangements
These quarters will he we'll stocked
with pau. phletS and other printed infor.
nation i'll regard to the Magic City.
There will. he called meeting of all
the members OF the exchange on Mon
day night at tho Office of Gray IL Boz
well, and 1T is desired every nloinbcr be
present
is 1aoANshKE SLI:Ea.INCe
synchburE Moving For the Baltimore and