The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-07-12
The Baltimore and O:iio Land Com
pany. OF Salem,

Offer 1900 building lots for $50
each. Weekly payments OF $l.5O.
The Baltimore and Ohio Land Com
pany, of Salem, Va, owning 227 acres
of land within half a mile of Salem,
Va, admirably located for building
lots, have determined to offer 1900
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
paying $3.50 per week or Sc per
month until $3.50 is paid. Each mem-
Der will draw for a 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-thirc
cash, balance in one and two years.
and the company will allow suckpur
chaser 10per cent. discount given on
his purchase.
A purchaser building, within six
months, a house costing not less than
$500, on his lot, will have reduction
of % per cent. on his purchase, max
ing his lot cost $112.50.
Several clubs will be organized lie
this city, SO that 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
| oI,L No ;pfarnct ;c oh q rus,I on th ncc
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, IND half a mile
from the center of the town. Water
mains run through the land, side
walks are also contemplated, and
pleasant homes, close to business,
could be erected at small cost, eithe!
as home for the owner or to rent
out, as houses are in great demand in
Salem.
AS 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 car
pay up on your lot after you have
drawn, by paying cne-third cash
! balance in one and two years, or rs g
whole, Gt any time you may elect
within 1S months troll the time yor
joined; the club, and secure the re
auctions named above.
Every member must pay his week y
dues before he will be allowed to par
ticipate in any drawing, If absent
some one will draw for him, provided
his dues are paid.
Do not be misled by any misrepre
sensations made about this land, bu,
go to Salem and see it for yourself
call on Mr.. Fl. g. Brown, president O.
the company, who will show you oveI
the property.
The size of these lots are mostly so!
$50. some few are 50x436. The lots ar,
we'll situated, and our plan of dispos
ing of them renders il easy for tb'
men of small means to secure a home
or make a paying Investment, by th'
expenditure of $l.50 per week. Salem
is healthy, busy place, growing rap
idly and presents more advantages fol
investment than any new town in thu
State.
| Every working man, be his means
| large or small, can go into this enter.
prise and secure q lot that will con
tinue to increase in value.
All who wish to secure lots in Tia
Baltimore s. Ohio Land Compan!
should call on Messrs. Oscar D. Der!
g. Co., the authorized agents for Roam
oke City, who will fully explain the
manner of conducting the sale, anc
can be found at their Office from a
m. to 10 p. IN.
| There is no investment on which
one can realize so handsomely and al
so small a cost as to become mem
Der of the Baltimore & Ohio Lot
| Clubs, unless it is to be stockholdel
in the Baltimore g. Ohio Land Com
pany. We cheerfully recommend
| these lots to the public.
| Respectfully,
OSCAR D. DERR q Co.,
j No. 10 First avenue. S. W., Roanoke
! Va.
H..F. MEETZE,
With H. G. Brown, box 269, Salem
/ Va.
AGENTS BALTIMORE s. OHIO AM
NORTH SALEM LOT CLUBS.
| T. l.. CARTER,
With Dupey s Taliaferro, Roanoke
l Va.
MAHooD, STONE s. Co.,
Lynchburg. Va.
T r PARKINSON & Co..
Richmond, Va.
W. Z. SUMMERS & Co.,
Washington. D. G.
FeARD, DOWNING. gARDAwAY
Roanoke, Va.
G. w. KERNAHAN,
Roanoke, Va.
SMITH & PARNELL,
Norfolk, Va.