Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-03-26

company VIII oHei ioi S"iS va
Thursday, April 10th
at 10 O'Clock, at the office Of the COM
pany in Graham, town lots, as shown
on plan, now ready for distribution.
TERMS OF SALE.-Oue-third cash,
one-third in one year, one-third In two
years, with six per cent interest per
annum on the deferred payments.
Applications for lots at the COM
pauy's prices will be received up to
noon on Tuesday, April Sth., 1890.
Parties making application by letter
will be careful to designate the section
aud the number ofthe lot or lots de-
sired.
Lots for which more than one appli-
cation shall be received will be sold to
the highest bidder at Public Auction
on Thursday, April 10th, at 10 O'Clock,
at the Office of the company in Graham.
After the public sale of lots above
mentioned, the balance of the lots re-
naming unsold will be offered to the
public at the prices fixed by the COM
pauy, which range from sl25 to $500
each according to location.
The Graham Land and Improvement
company has purchased about 900
acres of land. including the old town of
Graham, at the junction of the Clinch
Valley and Ohio Extension ofthe Nor
folk and Western railroad in Tazewell
county, Virginia, and has improved
the property by laying it out in streets
and lots.
The land is so situated, being at the
junction Of two important branches Of
the Norfolk and Western railroad, with
the Bluestone river running through it,
aud in close proximity to the Pocahon-
tas coal field, and the iron ore deposits
ofthe Clirch Valley, that it is believed
it will within short period become an
important iron manufacturing centre,
as we'll as u distributing point for the
entire coal field.
The Clinch Valley and the Ohio ex-
tension o. the Norfolk and Western
railroad runs through section of coun-
try heavily covered with poplar, white
and chestnut oak timber, and it is be-
lieved that Graham at the junction Of
these two branches is a most desirable
location for the establishment of saw
mills, tanperies, pulp mills, and other
woodworking establishments.
The following desirable industries
have already been secured:
The Graham Furnace company, with
capital Of $3.50, 900, have under con-
struction an iron furnace; dimensions,
16x70 feet, with a capacity of about
100 tons per day, and expect to be in
blast by November first.
The Virginia Lumber company, with
capital of $50, 1000, are erecting their
buildings and will be in operation by
the first of May.
Arrangements are also being made
with parties who propose, building at
once large general supply store and
warehouse, buildings to cost about
$4,000, and having working capital
ofnot less than $50, 900.
a company with capital OF S26, 000
is also formed for the manufacture of
ice, and expect to be in operation in
the course Of few months.
The Graham Land and Improvement
company have plans perfected for a fine
hotel, which they hope to have ready
for occupation by September first. The
hotel will be heated by steam and
lighted by electricity, and it is the aim
of the company to make it one of the
most attractive hotels in Virginia.
Parties desiring to purchase lots will
be furnished with maps and price list
and any desired information by address.
ing R. K. Wright. Jr., Agent, Graham
Virginia, or E. J. Collins, Secretary,
Bullitt Building, Philadelphia, Penn
sylvania.
President, II. M. Sill; vice president,
Edward Ilsley; Secretary and treasurer,
E. j. Collins. Directors, A. j. May,
Tazswell Court House, Va; e. M.
Clark, Philadelphia, Pa; j. D. Ser
geant, Philadelphia, Pa; Thomas Ora
ham, Philadelphia, Pa; j. B. Greever,
Graham, Va.;J. Fl. Dingee, Philadel-
phia, Pa; II. M. Sill, Philadelphia, Pa.
mar20-tapl0