The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-11-27
WHAT WILL YOU DO ABOUT IT?
Rcanoke's Business Men En-
dorse The Times.
They Say Prompt Action Should he Ia
ken to Establish bureaus Of Infor-
nation in Northern Citics-NIany Good
Suggestions From Men of Annirs.

a TIMES reporter yesterday talked
with number of Roanollc's foremost
business men to ascertain their opinion
in regard to moving promptly in tho os-
adjustment Of burcau of information
on Wall street, in New York, for the
purpose of advertising the industrial add
rantages of Virginia, and especially of
Southwest Virginia, of which Roanoke
Is the capital ana metropolis.
Dr. Il. a. Parsons, who has the honor
of first suggesting the scheme, which
TIE TlMEs heartily seconds, agrees
with THE TINES in its leading editorial
OF yesterday, which urged that the Roa-
nokc exchange give this important mat
Ter its Immediate attention.
Roanoke takes the precedence of all
the towns in the South DR.. Parsons
said, las Il fixture. and if we can by
this bureau of information, induce
Northern capital to come to Roanoke, it
will quickly finds its way also to our
neighboriDg town and cities and they
will be upbuilded, too, while Roanoke
will he the great center from which this
capital will radiatc to other Southwest
crIf Virginia towns.
This bureau OF information must be
in charge of Il hustling man, who will
be fully up in Roanokc's advantages
and industrial facilities. lie must be
able TO tell the investor the location of
Roanoke as Il railroad center, having
now the Norfolk and Western and :ihcn-
andoah Valley railroads, enabling Roa-
nolic merchants to place their wares all
rI, -, 4
even in East Tennessee; that the Ohio
extension of the Norfolk and Western
will open up West Virginia and Ohio to
Roanoke. and the Roanoke and South
ern railroad will give to Roanoke q
great part of the wholesale trade III
North Carolina, which Richmond has
almost monopolized for years.
Tho manager OF this bureau must be
well posted OF taxable values in Roam
olEc; on the condition Of banks and the
growth Of bank deposits. and on the
number of real estate convcyances in
Roanoke for the last year or two.
lie must know that the monthly pay
roll of the industries is over $500, 600.
lie must know all all abou. the indus
tries in operation here and those that
are projected, and must keep promi-
nently before investors ewes the chief
elements of raw material available for
manufactures.
+. Il. Ludwig: THE TIMES is right
in its editorial of this morning. This is
a matter that should receive prompt
attention think that there should be
four OF these bureaus located at these
points, New York, Boston, Cleveland.
and Philadelphia.
1.-The members of the Real Estate Ex-
change and the land companies should
have meeting and lct it be known how
much they are willing to give toward
the support OF these bureaus. In each
bureau there ought to be u good man to
send out from time TO time the ritrht
Kind OF literature about the city and
section to the moncyed mca. Begin
right away. by January all the Offices
ut the four points ] mentioned oupbt TO
be established and in running order
JAS r Simmons: This is an oppor-
tune time, and we ought to act quickly.
My idea IL that the Real Estate EX-
change hero ought to take tho matter
up with All the exchanges in the State.
ana ascertain what sup .:ort each would
give to it,.
y. ID. Rice. Of G.. O'Leary S. Co., said:
Il think the establishment of svcn a
bureau rs proposed would he a splendid
thing for Roanoke and Virginia.
think it should be established lnder the
auspices of the State real estate cX-
change. hut do not think Roanoke
ought to wait for the State exchange to
he organized.
by the time money gets easlcr in
New York the State real estate ex-
change will be organized and 20 ac-
lively to work.
q. ID. Derr: Il believe in the estab-
liShmcnt of the bureau. but I am not co
certain that it ought to be on Wall
street. There IS moro New England
capital coming South now than from
any other section, and | think Boston
would be the place for the bureau of in
formation 1T might be we'll to have a
bureau in New York, 5ut one sMo IL, in
my opinion, be located at Boston
~ think Roanoke ought to establish
'Shis bureau herself. There ought to be
no trouble in inducing Northern canital
TO invest here
Virginia real estate pays we'll. There
10 no uncertainty about it, as there is in
railroad and ouher stocks. | think
such an Investment as a loan and trust
company, with a good heavy capital. or
a real estate hank of discount notes. to
DE biased on real estate, would pay well
here, and ought to be among the first
Investments secured
MIR. Cutchin. Of the firm of Cutchin.
Ellis az Co., has favored prompt action
III this matter by Roanoke all along.
and thoroughly endorsed tho editorial
in TIE Times Of yesterday.
Hon. JIenry 5. trout, presid ent of the
First National Bank, who is as inter
ested in q number of land companies.
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