The times. [volume] (Richmond, Va.) 1890-1903, 1890-11-26

Width at entrance. ...... vs. Ieel,
Draught Of water over sill.............. 20 feet.
4 Time required for pumping water out OF
dock, hour, 80 minutes.
The piers dimensions are: No. l. 100000
feet; No. ., 60x3j0 feet; No. 3, SOx3jO feet;
No. 4, 60I5j0 feet; Quitting basin, 9OOx5OO
feet.
The ship ways sizes: No. l, 400 feet long;
No .. 400 feet long; No. 3, $50 feet long; No.
4, 4sO feet long; Nos D, 6, I, and 5, each 900
feet long.
The above figures will give you some idea
of the magnitude Of these works.
You will be further acquainted with the
immense plant when you learn that the
cOmpany's facilities Will enable IL 10 con-
struct the largest wooden and iron ships.
A conservative estimate OF the cost OF the
plant is between two million five hundred
thousand dollars and three million dollars,
and this is only the beginning Of what will
be invested by the company at Newport
News.
Now, the employment Of three or four
thousand men in these works Will mean ten
or fifteen thousand women and children.
so this one industry in itself during the
next six months is calculated to add about
eighteen or twenty thousand 10 the towns
population.
When it Is remembered that nine years
ago only four dilapidated houses stood at
| Newport News, the present condition OF the
place is phenomenal.
The Chesapeake and Ohio railroad sys-
TEN. with its go miles of track, first began
to build up the town by making it its water
terminus.
During the year ending September 80,
1890, the company handled at its coal pier
694, $50 tons OF bunker coal alone.
Most of the grain for export shipped from
the great fields of the West passes through
Newport News.
The same can be said Of live stock.
In addition 10 the regular and tramp yes
sells that come to Newport News every day,
! there are regular lines Of steamers from the
port 10 foreign and domestic points.
The Old Dominion Steamship Company
has five ships there every week.
The Merchants and Miners Transports
ton Company, four ships week.
A line Of barges run 10 New York and the
East. A steamer goes 10 Brazil from New
port News every two weeks.
And the Barber Transatlantic Line runs
two steamships month.
The depth Of water at Newport News is
twenty-siX feet at low tide.
This is ample for the largest vessels aflOat
just off the pier the depth is sixty feet.
The record OF the port il one Of absolute
freedom from disaster.
Can a place such as this, Nth genial
climate, picturesque surroundings and fine
social conditions, do otherwise than improve
and become great city,
Had New York city any advantages at
the start which Newport News does not at
present possessI
No.
Has not Newport News more natural ad-
vantages!
1t has.
Can you buy land within New York city
Tor yithin,twenty- fye.miles Of 1t, in facD for
s., IS or s. foot!
Certainly not. You would have to pay
several hundred dollars a foot for it.
Can Newport News help becoming great
city. Will not its contiguity to Old Point
and Hampton finally cause all three places
TO become united!
Old Point, as everybody hereabout knows,
is great watering-place, where thousands
Of Northern people spend the winter, and
thousands Of southern people spend the
summer.
1t Is only nine miles from Newport News
to Old Point, and the time will surely come
when both land Hampton tOo) will be under
the same municipal roof.
And as Newport News progresses so will
the price of its property.
Now YOU can buy land there cheap.
The Newport News, Hampton and Old
Point Development Company, Of which
Mayor j. Taylor Ellyson, of Richmond, is
president, and Mr.. l.. Z. Routt, OF Rich
mond, general agent, have acquired con-
troll Of some twelve hundred acres of ground
which they have been seeking TO develop
and improve.
These lands aIs above the highest tides
no swamp.
And the plan TO investors has been made
so easy that man or woman must be
poverty stricken indeed who cannot invest
The capital stock Of the company is two
million dollars, divided into shares Of 800
each.
When $50 shall have been paid on each
share OF stock it is confidently believed
that no further assessment will be required,
and that the proceeds OF the sale of lots will
enable the company 10 declare the stock
full paid aud worcestershire.
The cash payment for stock is only s. a
share.
Fifty.fye dollars more is expected in
payments, running over period Of twelve
months.
Every three shares OF stock entities the
holder 10 a lot. and the choice Of lots will
be determined by a drawing publicly made
next May or June.
Ii is more than probable that after the
sale OF lots and the pay ment OF SoO upon
each share Of stock that the company VIII
be able 10 declare dividend that will make
the stock paid up and worcestershire.
Land has recently sold in some localities
in Virginia which have not one-tenth the
advantages, and One-hundredth the possi-
bilities Of Newport News, Hampton and
Oak Point, at figures which show the land
owned by the company OF which | am writ
ing 10 be ridicul0usly lOw-pricet.
When you take stock YOU can pay for
your lots with II at par value.
The opportunity for making money out Of
this enterprise, even 10 persons OF very
small means, IL -manifest.
All that Is required is small beginning,
and the monthly instalment can be easily
met by little denial, If necessary, and the
collection Of little cigar or pin money.
New 10 the time to buy.
In ak or twelve months you will have to
nav twice an much for the property AZ Won