The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-05-29
IT is UNIVERSALLY ENDORSED.
Interviews With Leading business
Men of Lynchburg-What They
Think of the Company and The
Benefit TO be Derived From 1t.

Monday. 1t shows q united anG
enthusiastic endorsation of the pro
iect. Four hundred thousand of the
company's stock has been allotted tC
Lynchburg, and will be placed or
the market Monday. 1t is confident.
" predicted that the whole amount
will be gobbled up before sun down
Following are the expressions of lead
ing citizens on the subject:
i do not see," said Mr.. Carroll,
president of the City Council, "how
anybody can go over there and view
the ground without being impressed
with the great possibilities of such an
enterprise as that which the River
mont Company has inaugurated. 1t
is fraught with great things for Lynch
burg. 1t is not an empty scheme to
build a paper town remote from any
large city, but is a well-organized
effort TO extend and push forward a
town of $4,000 population, with great
| trade and incompatible facilities al
ready in existence. believe the
scheme will help build up Lynchburg
and make money for the Stockhold-
erS.n
Mr.. Max Guggenheimer, Jr., said:
Il should be glad 10 see Rivernont
succeed both on account Of the i'm
mense benefit il will be TO Lynchburg
and what | believe will be profitable
TO the stockholders. Have always
though that the city would be forced
sooner or later TO build the bridge,
and Rivermout is really anticipating
the wants of the city. believe this
bridge will add $500, TO the taxable
values of the city within five years.
anTwill more than double the value
of the property on Daniels Hill. Peo-
pie living on that hill alone should
take the bulk of the stock allotted
Lynchburg.
Mr.. |. H. Adams of the well-known
concern of Adams. Bros. X Paynes
said: Il think the Riyermont enter
prise has more real merit than, per-
haps, any similar scheme recently
started in Virginia. Ii the company
simply builds the bridge across Black
water ahd runs car line over 10 its
property. it can realize handsomely
on the sale of lots for residential sites
alone. Ii desirable industries are To-
Gated. as contemplated by the COM
pany. il will prove Il great factor in
the industrial march of Lynchburg.
| think the project will succeed and
add largely to the city'S growth.
Captain c. NJ. Blackford, president
of the Peoples National Bank, said :
Il did not accept the position of di-
rector in the Rivermont Company,
when rendered me, until after due
consideration, and not until after |
became satisfied that the scheme was
one for the benefit OF the city, and
one in which money could be made
for the stockholders. The construc-
ton of a bridge at the head OF Main
street to Daniels Hill, enormously
increases the value of the property on
that hill, and therefore that to be
held by the company. The bridge
will surely be constructed, and that
there may be no mistake about II,
the management has provided that
$75, 600 shall be set aside ID trust Tor
that purpose. and that sum will only
be drawn as necessary to pay Tor the
construction Of the bridge. When
the bridge is constructed and the
table land of Daniels Hill is thus
added to the available area of the city
it is palpable that the growth of the
city IS assured, and therefore the
stock will be made valuable.
Mr.. r. Il. Watts: Il think the
Rivermont enterprise has as much
real merit and as bright promise as
any scheme of the character ever
started in this State. If l am not
very much deceived in my opinion,
the whole of the 100000 of stock al
loted to Lynchburg will be taken be-
fore the sun sets on Monday. You
may saw that Mr.. George NJ. Jones, of
our concern, thinks as do about the
project. The bridge is the keystone
TO the success of the enterprise, and
the bridge is an assured thing
Major p. J. Otey, president OF the
Lvnchburg and Durham railroad,
said: ''Yes, | certainly think most
fayorablv of Rivermont. | do not
like TO trust myself to say exactly how
fayorably | do think OF it for two
reasons. First, am director IN the
company and my opinions must neces-
sarily be weighed in the scale with all
the grains of allowance which are put
natural accompaniment OF such when
self Importance or self interest are
elements. Second; in the steady
march of development OF our city,
whilst | think that Rlvermont STANDS
Dre-eminent and over-reaches others,
would not let fall a word that would
in the least tend to dwarf the already
we'll merited success and credit
achieved by kindred enterprises here.
NV big ideas for Rivermont might
cause some to think that so intend
ed. | think, however, it perfectly safe
to saw that it will be of inestimable
benefit to our city and sure proht TO
stockholders" ....
What do l think of it?n exclaimed
Mr.. J. w. Ivey, the level-headed
cashier of the Peoples National Bank.
II think it is the biggest thing in this
whole region. The bridge is assured,
and that means the success of the
scheme"
Colonel James w. Watts, of the
firm of Jones, Watts & Co., said: 1t
is a great scheme, and if carried to its
full fruition will prove of immense
advantage to Lynchburg. The won,
der is that it was not thought OF
sooner. The bridge across the Black,
water amounts to practical extern.
sion of Main street. We think so well
of the enterprise that we shall take
good, big slice of the stock"
James l. Lee, esq.,, said: sit is a
BIG scheme. / see no reason why II
should not succeed; and if it does, it
will help Lynchburg wonderfully
The bridge across Blackwater will, OF
course. enormously increase the value
of the Rivermont lands; but that does
not build a town. 1.-THE company CON
structs the proposed railroad connec'
ton between the Norfolk " Western
and Chesaneake 81 Ohio. and locates