The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1890-03-19
THINGS In VIRGINIA.
MIS. GRASTY ACCENTUATS
THE MODUS OPERANDI
OF A MERlT0RIOUS
SCENE,
Whereby Men Of Moderate Mean
May Adyantageusly Invest
Their Savings-The Conn
ing City of Salem.


Baltimore ManufActurers' Record.
In this grasping decade the way OF
the world runs to schemes TO freeze
out the small fry. It runs in the
direction Of vast combinations, gg-
an.ic trusts, heavy capitalizati IN, big
blocks OF stock, and other divlces
calculated ruthlessly to exclude peo-
pie fmoderate means from participa-
tion in money making opportunities.
ILis tate OF things year ago threat
sned TO b1w.string the necks Of the
masses and to turn strangulated re
publicNyer to financial oligarchy.
la this critical condition toe South
has savel the nation. What an ex~
amble Of the irony of fate! And
how has ire South saved tho nationf
BY 0ffsIing money-making opportun
ities 10 the little fish. Perhaps, after
ali, the prejudice against the South
War proyideRtial. But for the exisr
i,nce f tha. prejudice the resources
u the caunlrs might have been long
ago in the hands Of the zig fish. To
illustrate: ar. Ohas. @. Eddy, the
msguetic yice-president Of the Nor-
folk Il Western Railrosd, told me the
uther day that q number OF profitable
1. duslries had been established a.
Roaa ke out Of the savings or men
and women working for wages and
salaries anil that at this same won.
derful ciiy, which has Salem for .
next d or neighbor, companies and
c mbiL atiuns formed exclusively fiom
small mortnly payments, had made
such handsome profits in real estate,
that il il hard 70 find N that vicinity
single sober, Industrious investor
OF sayIpgs for the past three or four
years, who Is not in virtually inde
pendent circumstances TO dsy.
The almost fairy tale Of Roanoke's
growth il going TO have its counter
part here ii Salem, whose outskirts
are within three miles Of Roanoke,
and where the doors have just been
flung wide open TO men alike Of large
means and small, early II the morn
ing Of The day q opportunity.
Now, there is no place in the over
done and blizzard stricken West.
where man with orly q few dollars
can get any sort Of "show for his
white alley," as the marble playing
boys al school we're won't Sin auld
lang syue' 70 say when adverse odds
we're too severe. The consequence is,
many Of the wide-awake men Of the
West arc certain TO come South.
Nov let Us instance a case showing
what Southern resources, yielding to
the irr. s.stible impetus Of American
progressive genius, have to offer TO
the masses. Not that this case Il ex.
ceptional, but by reason ol certain
novel features il may well be selected
70 point moral and adorn a tale,
Iherc has recently been organized
here at Salem q company called the
West Salem Land Co, under whose
plan OF work, which IS at once safe
simple and conservative, a1y man ol
woman who can save even so little q
a dollar = month may invest that dol
lar 70 ~ much advantage, proper.
lignattly, as il il were q thousand
| rhis excellent scheme is destined e
lprove q useful illustration Of "ths
power of the littles.n The company
methods are but another exemplifi u
ton Of the old story OF tas strength
uf "a bundle VI sticksp rs comparet
Y I'll uni led, nonsclf helpful. eaisly
b. oken single sticks. In this cas-
each stick "a q series or class or stool
aiih y capitalization based upon nc
lual valnc, aud with shares at pric
within the reach OF all who earn All
save. Que o. the novel feature
which suggested this le ter, Is tha
zach seris 81 class of stock In Obi
con pany represents a separate an
|, distinct asset Another is that :
9 on as The prNpartirs II each scris
I % l Q deseloped are sold OF At retail
which il 10 6s done just rs rapidly a
practicable. the proceeds, capital an
|. D o6ts, arc 10 b distributed in cas-
| among tho stockholders 81 that pal
ocular t,ries and the stock caucellel
Each series, or class, represents son
particnlAr parcel q land or some pla
:. u prIfla lie improvement For II
. stance, the companyis ,hlrter gives
the right not only 10 buy and .
) land, TO build trtet,, provide wat
. and generally to better It's holding
but even goes 30 far as TO auth ri
-Ithc ertctiou Of buildings. Now, {
lack Of bt tier phrase. ! should cs
his housc.building work when it
started "a plbn.of.improytment {