The Big Stone post. (Big Stone Gap, Va.) 1890-1892, 1890-08-15
The BIG STONE posi-, FRIDAY. AUGUST Is. 1900

IktE BIG S hfs Pl1Sl, =
hut the notes Of the company at one, two
and three vears, 10 d to ALLOW 81 the ready
money Of Che company to go Mt once into
building. As . further inducement they
agree to put the building restriction on
only one-half Of the lots 30 sold, learinsg
the company free to sen the other half on
speculation, if il sees 4 fsat large profit
81. on these terms Big Stone Gap
Improvement Company into the Buiid-
ling and Investment Com 100 very de-
sirable lots, mostly 50 by no feet in size,
veil located for this purpose, being near
the s. a.. & o. depot, and tho furnace sitos
and other labor centres. These lots were
scheduled at from. $3.50 TO. $3.50, and are
put to this company Mt 800 each.
!. Tho East Big Stone Gap Land and I'M
ipf6Sement Com pauy is equally liberal. 1t
will donate twenty FIVE admirably located
lots for actual business purposes; or, If the
Building and Investment Company desires
as many as 100, theywill sell them on the
same terms and conditions as before men
toned and at about onc-third their sched-
ulc price, in no case to exceed 500 per lot.
3. The Favettc Land Company Sub
dividing the L. & N. r. R. property makes
equally as valuable concessions upon their
centrally located property. They viii put
in to the company a large number of lots
1.-THE number to he agreed upon hereafter)
upon as liberal terms and conditions as
1.-THE improvement Company.
4. The Sulphur Spring Company, which
hat sold off the bulk of it's holdings, yer
makes a proposition to sell twenty lots,
mostly 50 feet front, upon terms and con-
ditions similar to the others, at prices
ranging from $3.50 to $l0G per lot, being
ALMOST nominal price.
). The Southwest Virginia Mineral Land
Company.
6. The West End Land Company.
Z. Gen. p. w. Hardin.
8. Messrs Fox& Whittridge.
All the above mentioned own valuable
and extensive plats of town-site lands, adj
mirably adapted to tho purposes of the
B. & I. Company, and all have made propo-
sitions similar to the other land compa-
MES and equally as liberal, embracing in
the aggregate about 300 lots.
In addition to this President Ayres, of
the Improvement Company, acting for his
company, has offered to the 3. & L. Com
prny complete brick plant, now owned by
his company, at very low figure and on
very easy terms, and long lease on five
acres of valuable brich clay land for
nothing.
Ovcrtures have been made TO the. B. Il ].
Company,also, to put in to them at Il low
price and favorable terms, controll-
ing interest in thc stock Of an excellent
planning mill and dryer.
The periods at which construction must
begin on the lands of each company, in
order to secure the offers made by each
company respectively can be 80 arranged
as to extend through many months, and
make it highly probable that paid-up
capital of $4,000 can he so operated as
to comply with all conditions, and secure
to the B. & l. Company all the benefits
offercd.by all the land companies enumcr-
atcd above. 1t is practically certain
that a paid-up capital of 100000 will
do so. A capital of $4,000, by means of
making sales from time to time after the
first houses are completed, and of using
to advantage thc large amounts of good
collateral security that will come into
the hands of the company, can BIZ made
to do business of two or three times
that amount.
Thus it will be seen that all the land
companies here are fully awake to the i'm
portance to them aud to the lasting in
tercsts of Big Stone Gap, TO have in
successful operation, for the purposes
indicated, strong financial company, with
large amount of ready money amasscd
and concentrated upon one purpose.
With these exceedingly liberal induce
mcnts, so unanimously offered, tits doubtful
if any other stock in Southwest Virginia
is Mt once so safe and so profitable an in
ycstment to capital.
BASIS or INVESTMENTS.
The foregoing statements. made some
what Mt length, already indicate. the main
elements of profits to be derived from in
vcstments in this stock, but there are
other important features still. From
these statements it seems that. the Build
ing and lnvcstlnont Company with Il paid
up capital stock of $4,000, exterdable TO
$l00,0OO, can get control of real estate
amounting ut the present market value 10
from $75,0D0 to $l00,000, if sold to indi-
yidual purchasers, by an outlay OF from
$4,000 to $40, 900 and that payable in one,
two and three years.
BY erecting large number of buildings
of about the same pattern, they can be
built at a minimum cost. The best and
most responsible builders and architects
can be easily secured, and by taking large