Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-11-22
PROPERTY.
SOME FACTS REGARDING ITS FUTURE
AND ITS VALUES.
The Progress Of Deveiopment-what
Visit TO tho Property of the Fair
mount Land Company shows.

Many OK our Oluer CltlZcnS-rartlcuisfty
many Of those who resided on Church
Hill-used 10 contend that any extension
of Richmond westward was contrary to
the order Of things in city located "a
Richmond is. BE that as il may, however,
we all know that for some years the city
has made rapid strides west, and it is ap-
parent that it's upbuiding in that direction
has not reached its limits by vast deal.
As consequence there has been so much
talk about West-End property that not
few of our people seem TO be entirely OBJ
livious 10 the fact that the city is extending
eastward. perhaps less rapidly. but mono
the less surely than it is westward. and
that both capitalists and those who desire
pretty SITES for homes are turning their
eyes to the East-End Plateau. To one who
has not recently taken stroll over Church
and Union Hills and the plateau areas
Immediately contiguous such exercise
would not only prove inylgorating but the
means Of opening his eyes in pleasant sur
prise.
BEAUTIFUL SECTION.
There is naturally no more beautiful sec:
tiOn Of the city than the East End. and
now that the street-car lines have annl-
hilated distance. an impetus has been given
in the East End TO building and to other
improvements that must result IN ITS be-
coming one of the most popular residen,
tial portions OF Richmond. Leyel-headed
businessmen have seen this and are pre-
pairing for 1t, and while 1t IL not claimed
that East-End property Is on " boom, u
is claimed and can be demonstrated thatit
is only a question of a very short time
when such property Will be among the best
real estate investments IN the city.
AL,SD COMPANY.
Among those who have taken time by the
forelock in tins matter are the gentle,
men composing the Fsirmount Land
Company. The charter of this company
was granted by the Circuit Court of the
city of Richmond on the 10th OF TINS
month. The minimum amount OF capital
stock required for organization is SlOO,-
600. and the maximum amount is $500, ,OOO-
the shares TO be 500 each. The officers
are President. John II. Dlnneen, Rich
mond: Nice-President, DR.. John Mahony,
Richmond; Secretary. Fred. c. Brauer. Jr.,
Richmond: Treasurer, N. w. Bowe, Rich
mond; Directors. John II. Dinueen, John
Mahony, L. G. Brauer. J. Taylor Ellyson,
| ". A. Tahb, f.. Ulman. and Joseph Waller
| stein. The company have secured about
seyenty-hye acres on part or which was
| originally located the Central Lunatic
/ Asylum, and which. fortunately for them
/ and fortunately for those who wish to pur-
/ chase beautiful sites for suburban resi-
dence, could not be sold until recently;
/ The property Is nn elevated, rolling, anu
/ well-drained plot Of land on the east sido
| Of the Mechanicsville turnpike between
/ 7 street and Fairfield, and commands IN
every direction a most charming view.
| Turning To the west and south one over
! looks the city. while 10 the east and north
are beautiful stretches OF country.
IMPROVEMENTS.
Already the streets of the city have beon
projected through the property into the
county. and all of the land has been
plated into lots fronting on these streets,
which are sixty-six feet wide. The COM
pany will set apart an improvement fund
of S25.Go 10 be devoted 10 grading and
levelling lots. planting trees, and establish,
ing uniform system of drainage and
sewerage.
ACCESSIBILITY.
The Fairmount Land Company's pro-
perty may be SAID TO be in the city, and
yet not Of IT. II is just one mile from the
State Capitol building, two or three blocks
from the electrician line, tho ownera 0i
which. a. "a matter of solf-interest, Will IN
course of time put q loop around il, and
within easy-walking distance OF Chin
borazo, Jefferson, and Libby-illl park:
and all the churches and schools OF Churcl
and Union Hills. Jefferson Park Is only
three or four squares from the property
and was formerly known as Strecker's Hill
As regards healthfulness, tairmount car
challenge any other section Of the city, a.
its elevation secures it at all seasons an
abundance of pure air.
FINANCIAL.
The terms Of payments for stock are lib
eral and easy. Only ten dollars IN cash on
each share is required upon subscription
and the balance Is payable In monthly ln-
stalments. thus placing the opportunity
for investment in reach Of those Of mode
rate means. As the city and suburbs are
already built up TO the coynpany'S property
and nearly around IL. II will be readily un-
derstOod that the progress Of Improvement
and extension must soon be through II.
and that the property must increase rap
idly IN value.
SKILLED MECHANICS.
Asa site for homes for our skilled me-
chanics and other wOrkmen the Falrmount
Land COmpany's property offers attrae-
tiOus and inducemenes that are uneXcelled'
II is in easy reach of the wharyes OF the
Richmond LOcomOtive-Workso OF the Ches,
apeake and Ohio railroad shops, and OF
numerous other Industries in the lower
walk 70 aud from work pleasant, yet far
enough 20 be out of the smoke and dust OF
the industrial section. The beauty OF iti
environments. its pure air .nearness To parks,
churches, market, schools, public halls
society halls, etc, cannot fail 70 engendeI
in those who make their homes there that
home feeling and sense of right Of posses
sion that IL almost impossible III the
crowded tenement section.
f mt gFf
on the increase. and year after year will
mark an increase in her population OF
skilled mechanics, who will demand Just
such locations for homes rs that Of the
FairmOunt Land CompaDy's property. As
has been stated, the East End ~ growing
with a substantial growth, and when th,
Soldiers monument on Libby Hill shall
have been completed, a few years shall hav,
enhanced the already many beauties OF
ChimborazO and Jefferson parks, and wher
the facilities for communication between
the two principal hills shall have been fur
ther developed, as they certainly Will be
the East End viii follow rapidly the natu
raj trend Of the city's extension. Iha
means an advance IN values in the oldel
parts of the Church and UnIon-Hill sec
tlons and eorrespondingly rapid advance
of values in ali additions to tho East End
BEAUTIFUL DRIVES.
In the neighborhood of the Paramount
Land Company's investment are some d
the most beautiful drives near the city
and the property is but short distance
from the depot Of the Seven Pines railroad
Much OF the stock Of the company ha,
already been taken not only by Richmond
men, but by Church and Union Hill Ricn
mOnd men, who know exactly what the,
are doing, and whose business sagacity anC
success constitute guarantee that the III
J vestment Is good one, The engineer o.
the company IS Mr. Langstatf Johnson
, whose reputation and experience carry
with them assurance that IN grading th'
lots and establishing q sewerage system
every regard will be paid to sanitary con
ditions.
} One cannot study the situation withou
being convinced that ere long the Far
mount addition will be miniature city Il
itself, built up with neat and picturesqu
houses and populated by a healthy, con
seryatiye, and most desirable class Of clti
} zens. All the factors that indicate tha
Richmond is to grow as a manufacturln
centre indicate general prosperity in tn
East End, and the logical sequence of sue
prosperity is the building up Of Fair
mount and similar sites. When the via
duet between Shockoe and Church Hill