The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-10-26
pucHaNAN. VA.
Hts sInny Advantages for Investment Set
Forth.

Hts Mnny Advantages for Investment Set
Forth.
Todcvelop Buchanan the Central Land
Company of Buchanan has been formed,
with capital stock of Sl,500,000. Its
stock was all sold in three days and
double the amount could have been
placed One significant feature of its
ton of two small blocks, 1t was all
taken in the South, chiefly in Virginia.
This company owns 5000 acres Of land.
all of which is paid for and portion of
which it has laid out in a most thorough
and liberal manner into town site. Its
streets are 20 and 100 feet wide, its resi-
dence lots 40 and so feet front by l35 to
ZOO feet deep. Nearly $4,000 has been
spent in grading these streets. The Cen
trail Land Company of Buchanan has not
been satisfied with merely running FUR
rows through the fields. but all the
streets in that portion of the town
offered for sale have been not only
rounded by road machines, but have
been thoroughly graded, some $50 men
with fifty teams being employed at one
time in this work.
A water supply has also been provided
for. The plan that has been adopted
contemplatcs the taking of water from
four freestone springs which the Cen
trail Land Company of buchanan has
acquired, the water being brought some
five miles. The engineering of the
works in the town has provided for the
growth as vol as the probable demands
in the near future. a reservoir holding
1000, 600 gallons is to be built, giving Il
head above the hotel site of 1875 feet
,,f foot al nun
the river.
An extensive system of sewerage has
been provided for and is under construc-
tion.
A steel combination highway and
railway bridge is also now building
across the James River. This bridge
is being built by the EdgemoOr Bridge
Works, and will be the property of the
Central Land Company of Buchanan,
and will provide not only access across
the river between the two portions of
the town, but will give equal railroad
facilities to manufacturing or other es-
Establishments situated on either side Of
the river.
One of the finest hotels in Virginia is
also being erected. This hotel will be
complete in all of its appointments. The
style of architecture is German Renais-
sance; and it is so located as to give not
only a most extensive view, but one
that in variety of scenery is unsurpassed
in the South-the near mountains. the
distant Alleghanies, the meadows and
the river, furnishing variety of scenery
rarely found.
A park of sixty acres, including the
beautiful Mount Joy location. has been
laid out. a lake covering some forty
acres has been made adjoining this
Mount JOY park. These are within easy
distance of the hotel and readily accessi-
BILE to the residence portion of the town.
An electric light plant, both arc and
incandescent is being constructed and
will be ready to light the town about
the day of the sale.
All of these matters. which are usu-
ally left until after the sale OF lots, have
been provided for before lot is sold
Some 100000 has been spent and ar
ranged to be expended in improve
meLtS.
FOR INVESTMENT.
For the reasons pointed out, because
of its location, it's railroad and manu-
featuring facilities. and it's advantages
for residence, investments in buchanan
will not only be safe, but most profit
able. This applies not only to lots, but
to the investment companies that have
been formed and the manufacturing
companies that have been and are being
organized, such as glass works, boot
and shoe factory, brick works, wood
manufacturing works, agricultural i'm
n1amnDt WORKS fIourinr mill ptc