The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-07-23
The Baltimore and Ohio Land Com
pany, of Salem,

Offer 1900 building lots for $50
each. Weekly payments of $l.50.
The Baltimore and Ohio Land Com
pany, of Salem, Va, owning 227 acres
of land within half mile of Salem,
Va, admirably located for building
lots, have determined to offer 1,300
lots for sale at $3.50 each, including
corner lots, in the following manner:
Lot clubs of 100 members each will
be formed. Each member thereof
paving $3.50 per week or Sc per
month until $3.50 is paid. Each mem
Der will draw for lot at the regular
weekly drawing, and one lot will be
drawn every week until 100 lots are
drawn. The two members drawing
the last two lots will get two lots each
instead of one.
The one drawing a lot can at any
time pay up on his lot and get deed
to it, as the company own their land
in fee simple; or he can pay one-third
cash, balance in one and two years,
and the company will allow such pur-
chaser 10 per cent. discount given on
his purchase.
A purchaser building, within six
months, house costing not less than
$500, on his lot, will have a reduction
of % per cent. Oh his purchase, max
ing his lot cost $112.50
| Several clubs will be organized in
this city, so that a member can join
one or more clubs, and draw in each
club weekly by the payment of one
dollar and (S1.50) fifty cents in each
club. No interest is charged on these
payments whatever.
The land has been surveyed, laid
out in streets and the lots numbered.
The laid lies partially in the rear of
the Roanoke College, and half a mile
from the center OF the town. Water
mains run through the land, side
walks are also cont emplated, aud
pleasant homes, close to business,
could be erected at snail cost, either
as a home for the owner or to rent
out, as houses are in great demand in
| Salem.
As a safe investment this is beyond
precedent. and enables one of small
means to secure property constantly
on the increase in value.
Remember. one lot is drawn by
some one each week. Then you can
pay up ON your lot after you have
drawn, by paying one-third cash,
balance in one and two years, or as q
whole, at any time you may elect
within 10 months from the time you
Joined the club, and secure the re-
auctions named above
Every member must pay his weekly
dues before he will be allowed to par
ticipate in any drawing. If absent,
some one will draw fol him, provided
his dues are paid.
Do not be misled by any misrepre-
sensations made abou: this land, but
60 to Salem and see it for yourself:
call on Mr.. n. G.. Brown, president OF
the company, who will show you over
the property.
| The size of these lots are mostly COX
$50, some few are 50x1S6. The lots are
we'll situated, and our plan of dispos-
ing of them renders il easy for the
men of small means to secure home,
or make paying investment, by the
expenditure of $3.50 per week. Salem
is healthy, busy place. growing rap
idly and presents more advantages fo1
investment than any new town IN the
State.
Every working man, be his means
large or small, can go into this enter
prise and secure a lot that will con-
tinue to increase in velue.
All who wish to secure lots in the
Baltimore g. Ohio Land Company
should call on Messrs. Oscar D. Derr
s. Co., the authorized agents for Roam
oke City, who will fully explain the
manner of conducting the sale, and
can be found at their office from Sa.
IN. to 10 p. m.
There is no investment on which
one can realize SO handsomely and at
SO small cost as to become a mem
Der of the. Baltimore s. Ohio Lot
Clubs, unless it is to be a stockholdeI
! in the Baltimore s. Ohio Land Com.
pany. We cheerfully recommend
| these lots to the public.
Respectfully,
OSCAR D. DERR s. Co.,
No. 10 First avenue, S. W., Roanoke,
Va.
With II. G. Brown, box 269, Salem