Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-04-06

Sd. Our population is being aug
f. mented daily by anxious and willin
capitalists and laborers, new indus
tries are rapidly being located, ther
\ being now within the radius of tn
two cities of Roanoke and Salem a.
aggregate of $25,000,000 invested il
enterprises great and small. Combin
ed and intelligent efforts are constant
i, ly directing the attention of thou
sands toward our environment, anC
we can safely say that within fiv,
years. or even within less time. there
will be a population of $4,000 t.
. 100000 souls; and within ten year.
we see no reason for anticipating q
less aggregation than $1,000 popula
ton in the RoanokeValley the greater
part Of whom will. of necessity, pur-
chase lots upon which to build homes
from the Inter Unban Company.
1t is not our intention to exaggerate
and it is possible that we may have
underestimate our future, but in
any event the tide of speculative in
vestment is flooding toward us and
for great things, the naturalization
of which is at the command Of those
who INCEST now.
Land between ST. Paul and Min
neapolis sold readily for from $1,000
to 81, 900 per acre, while the land here
offered Tor stock valuation) is under
five hundred dollars per acre The
land thus valued Is 10 DO subdivided
into lots 50X150 feet and placed upon
the market and will bring, ut the
lowest calculation. $3.50 per lot There
being five lots in an acre, we will have
from the sale of these lots 81, $50 per
acre, and many choice lots will bring
more than the price named. How
ever, the above calculation suillces to
show that large profit Is In store for
the purchasers Of the stock of the
Inter Urban Company, and it is con
fidently believed that no more than
30 per cent of the amount subscribed
wifi be called in as it is the purpose
Of the managers TO make the land pay
| for Itself.
PROSPECTUS OF THE INTER-URBAN
COMPANY, CAPITAL STOCK, 100000.
Two broad boulevards are projected
through the property of the Inter
Urban Company, one from the Melrose
Land Company on the northwest OF
Roanoke, and the other from the West
End Land Company. Both of these
bouIevards will centre on the western
limit of the Inter Urban Company's
lands and proceed thence to Salem
over the Salem Improvement Com
pany's boulevard through the Glen
more Land Company's property
The entire distance from Roanoke
to Salem is but seven miles from cen
tire to centre while the iron furnaces
on the limits of the two cities are with
in sight of each other from their
elevations.
The Roanoke River, on the south of
the Inter Urban property, affords ex-
cellent water power, while Masons
Creek, bold mountain stream, being
the western line, yields abundant pure
water with power as well.
The property here described, aggre.
eating about seven hundred and
seventy-two (1Tal acres is especially
adapted for building and manufactur-
ing sites, and for picturesque beauty
has no superior, as a location, in the
Valley.
An electric motor line is projected
through the entire property and there
can be imagined no more desirable
spot for the residences of those who
wish TO live apart from the noise and
confusion of the cities.
The Norfolk and Western Railroad
skirts the property on the south and
a station will be located at conven-
lent point. In fact nothing will be
left undone to render this investment
thoroughly desirable and profitable
to all concerned from "sub-cellar to
garrett"
THE CAPITAL STOCK Or THE INTER
URBAN COMPANY, 100000
Divided into shares of one hundred
dollars (S10O) each, assessable per
cent. cash when stock is subscribed
for and IS per cent. on call of board
of directors, making 90 per cent.
Additional assessments OF 10 per
cent. will be made subject to call of
the board not oftener than thirty
(30) days apart
a liberal charter will grant abund-
ant opportunity for charging upon
the present plans Of the company as
now entertained. The lands purchas-
ed under this prospectus will cost the
company three hundred and sixty
thousand dollars, ($3G0,O00 leaving in
the treasury of the company a work
ing capital of one hundred and forty
thousand dollarsi ($140, 0O0l with which
it is proposed to develop the property,
grade the streets and boulevards, en-
courage industries, and purchase ad-
ditional tracts of land il found de-
sirable.
The sale of lots will be inaugurated
as soon as practicable and it is con-
fidently expected that handsome
dividends will be declared inside OF
six months.
REHABILITATION.
Proposed capital stock. $500, 900
Cost of land ....... $4,000
T Ts Fund. lao, OCO 100000
ESTIMATED PROFITS.
oI mept. ~ ..... $500, 900
Seven hundred and seventy
two acres, at five lots to
the acre, equal $3.50 lots,
at $250,00 per lot equal, $3.50, 900
Less entire COST. ......... $4,000
Net profit ................. $465,O
Above figures are conservative and
the best authorities agree that within
two years the same lots now worth
$3.50 will bring double that amount,
and hence a reserve will be made OF