The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-05-28
THE RIV ERM0NT.
A BIG ENTERPRISE THAT UNI
FIES PUBLIC SENTIMENT.
IT is UNIVERSALLY ENDORSED.
Interviews With leading Business
Men of Lynchburg-what They
Think of the Company and the
Benefit TO be Derived From 1t,

NO Scneme 1Or lne pushing lOrWuIu
of Lynchburg as o commercial ana
industrial centre has so unified and
solidified the business sentiment and
public spirit of the community as the
proposition of the Rivermont Com
pany to build bridge across Black
water creek at the head of Main street
and extend the town in that direc-
ton. A representative of the News
interviewed q number of prominent
citizens on the subject yesterday, and
will get expressions from others on
Monday. 1t shows n united and
enthusiastic endorsation of the pro-
iect. Four hundred thousand of the
company's stock has been allotted to
Lynchburg, and will be placed ion
the market Monday. 1t is confident
ly predicted that the whole amount
will be gobbled up before sun down.
Following are the expressions OF lead
ing citizens on the subject:
Il do not see," said Mr.. Carroll,
president of the City Council, "how
anybody can go over there and view
the ground without being impressed
with the great possibilities of such an
enterprise us that which the River
mont Company has inaugurated. 1t
is fraughtwit great things for Lynch
burg. 1t is not an empty scheme to
build paper town remote from any
large city, but is a well-organized
effort to extend and push forward a
town of $4,000 population, with great
trade and Incompatible facilities al
ready in existence. l believe the
scheme will help build up Lynchburg
and make money for the stockhold-
e-sn
Mr.. Max Guggenheimer, Jr., said:
81 should be glad to see Rivermont
succeed both on account of the i'm
mense benefit it will be to Lynchburg
and what believe will be profitable
to the stockholders. Have always
though that the city would be forced
sooner or later to build the bridge,
and Rivermont is really anticipating
the wants of the city | believe this
bridge will add 100000 to the taxable
values of the city within five years.
and will more than double the value
of the property on Daniels Hill. Peo-
pie living on that hill alone should
take the bulk of the stock allotted
Lynchburg."
MIR. l. H Adams of the well-known
concern of Adams, Bros. Il Paynes
said: Il think the Riyermont enter
prise has more real merit than, per-
haps, any similar scheme recently
started in Virginia. If the company
simply builds the bridge across Black
water ahd runs car line over to its
property, it can realize handsomely
on the sale OF lots for residential sites
alone. If desirable industries are To-
Gated, as contemplated by the COM
pany, it will prove great factor in
the Industrial march of Lynchburg.
| think the project will succeed and
add largely to the city'S growth. >
Captain G. NJ Blackford, president
of the Peoples National Bank, said :;
II did not accept the position OF di-
rector in the Rivermont Company,
when rendered me, until after due
consideration, and not until after |
became satisfied that the scheme was
one for the benefit of the city. and
one in which money could be made
for the stockholders. The construc-
ton of bridge at the head of Main
street TO Daniels Hill, enormously
increases the value of the property on
that hill, and therefore that to be
held by the company. The bridge
will surely be constructed, and that
there may be no mistake about it,
the management has provided that
S7j, 600 shall be set aside in trust for
that purpose and that sum will only
be drawn as necessary to pay for the
construction of the bridge. When
the bridge is constructed and the
table land Of Daniels Hill is thus
added to the available area of the city.
it is palpable that the growth of the
city is assured, and therefore the
stock will be made valuable
Mr.. r. 7. Watts: Il think the
Rivermont enterprise has as much
real merit and as bright o promise as
any scheme OF the character ever
started in this State. If | am not
very much deceived in my opinion,
the whole of the 100000 of stock al
loted to Lynchburg will be taken be-
fore the sun sets on Monday. You
may say that Mr.. George NJ. Jones, of
our concern, thinks as do about the
project. The bridge is the keystone
the bridge is an assured thing
Major p. j. Otey, president of the
Lynchburg and Durham railroad,
said: Eyes, 1 certainly think most
favorably of Rivermont. l do not
like to trust myself to say exactly how
favorably l do think of it for two
reasons. First, am director in the
company and my opinions must neces-
sarily be weighed in the scale with all
the grains of allowance which are but
natural accomplishments of such when
self Importance or self interest are
elements. Second; in the steady
march of development of our city,
whilst l think that Rivernont stands
pre-eminent and over-reaches others,
| would not let fall word that would
in the least tend to dwarf the already
well merited success and credit
achieved by kindred enterprises here.
My big ideas for Rivermont might
cause some to think that so intend
ed. / think, however, it perfectly safe
to say that it will be of inestimable'
benefit to our city and a sure profit to
stockholders. J."
what do think of it?n exclaimed
Mr.. j. w. Ivey, the level-headed
cashier of the Peoples National Bank.
II think it is the biggest thing in this
whole region. The bridge is assured,
and that means the success of the
scheme
Colonel James W. Watts, of the
firm of Jones, Watts s. Co., said: SIT
is great scheme, and if carried to its
full fruition will prove of immense
advantage to Lynchburg. The won
der is that it was not thought of
sooner. The bridge across the Black
water amounts to "a practical extern
sion of Main street. We think so well
of the enterprise that we shall take a
good, big slice of the stock.
James l. Lee, esq, said: cit is q
big scheme. I see no reason why it |
should not succeed; and if it does, it
will help Lynchburg wonderfully.
The bridge across BIackWater will. of |