The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-06-07
comprise about 1000 acres Of the best
coal land in the Flat-top field, outside

comprise about a, 600 acres OF the besJ
coal land in the Flat-top field, outside
of the SouthwsstsYirginia Iniproyei
ment Company's leasehold, AID they
will be operated by the Norfolk O..
& G. Co., your compan ny subscribing.
to q large amount of stock in thai
company. Two hundred ovens wilt
be built Immediately, making Il ta
Of 400 ovens for the Norfolk company.
NORTH RADFoRD. y our company
has taken a large interest in recent
purchase of real estate across the New
River from the town Of Radford. Es-
timares are now being prepared fol'
building a bridge across the river, and
it is proposed to put this land into al
Improvement Company and sell lots.
RADFoRD-CRANE IRON COMPANY.
This company proposes to buiid q
a blast furnace at Radford, and you,
company has been asked to subscribe
$4,000.
The report concludes as follows
For detailed information in regar5 to
the iron mines controlled by you,
company, you are respectfully re
ferred to the report of Dir. +. {.
Pechin. the general manager of tho
company. IN addition to the chlrgo
OF the iron mines, Mr. Pechin has hal
a general oversight OF the consJruc-
ton Of the furnaces in which you
company is interested and OF you
other investments. lt gives your
board great pleasure to testify to the
efficient work done by Mr.. Pechin il
every department, particularly IL
the very rapid and excellent work II
furnace construction. A great deaf
has been accomplished since Nj
Pechin took charge of the affairs C
the company in Virginia on Octobef
1st last. Your management has oeel
extremely fortunate also in securing
the services OF Mr.. S. II. Chauvcnei,
who will take general charge of tb }
Buena Vista, Salem, Max Meadows
and Graham furnaces, with h al
quarters at Philadelphia. In this
way the product Of these furnaces ca i
be disposed Of without any conflict
in selling and it is hoped that the oes
possible results will be obtoined be
cause of Mr.. Chauvcnet's very e,.teI
sive experience and through know
edge OF the iron business. In con:iuc
ing it may be said that the fu.5u! z
prospects of your company are re. J
bright.
There has beer q great advance il
the value of town property in Solti :
west Virginia largely due to the cap
tai expended by your and other con :
panies, and as almost all investments
have been made at first prices before
any increase in values, the prot 5 81
present values are very large. The
people of Virginia are fully alive 10
the opportunities now Offering for
profitable investment OF their money,
and new land schemes are being o.
ganized and local subscription are
quickly obtained for enterprises wlic l
present assurances OF profitable re
suits. ~ all OF the new towns lois
have largely enhanced in value over
the prices of few months age.
Available land near any of the 0 CT
new towns is being rapidly laid out
into streets and lots, and the lot; as
rapidly sold and the erecJior Ct
building and other Improvements wig
orously pushed. Great care is Ia lei
however, by your managers in select
ing investments. ana only the be t
are accepted 1t must be born a
mind, also, that in Virginia valucs q
farm aud town lands, with one OF two
exceptions, have not increased dCrin :
tie pest % years. New indus -rios
had been introduced 10 a very lin
tied extent.
The attention OF the public had nc
been generally attracted TO the .;rel
natural advantages of that Sc tio Il
until within the pas5 six month
During this ia" there las Deea or
great activity and increase il ve'ue
land large amounts Of outside capit
have been invested. I he Gully 70
foundation for this is the large sun
Der Of new industries Wine
are now in course of construction q.
in prospect. These new iudu.t ri
have already brought, and vi
continue 10 bring, ,arge 20!
;.tt--:i.,-41a--. li..--...------s- he
giria, moreover, who heretofore ia
lived in towns distant from the ~
roads. are moving into the new II III
trialtowns. located on lines of rallroaC,
where there is ample opporturl y y
invest money adyantageous.y ma
has been gradually accommodating IN
living idle, or to get work Ut zoo
wages. All this chapgein populGtio
iustifes an increase III values Of rec
estate at the favorable places. Taer
are today. in Southwestern Nirginll,
very few towns of 5000 inhabitf ntt
There is no reason why there shou |
not be as many towns OF from 3,O,Ot1
10. 900 inhabitants, as in most paris C
Pennsylvania. New York and .'eW
JERSEY, and if this district is to bec)m =
the iron centre, which is contidentl.
expected, it is only a question OF ,
few years when to the traveller this
section will more nearly resemble tn
active industrial districts OF the Nortf
than the quiet farming countrT d >
has hitherto seen.