Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1890-04-25
FRIDAY MORNING. APRIL rs. 1890.
DEVELOPING STA UNION AND THE
COUNTY.

LIZ v El<Ol lNO 1O4N1 Wv Ll4fD LILLY
COUNTY.
The Staunton Development Company
which has been quiet and cautious while
perfectiDg it's organization and plans, has
arranged all the details, and last week plac
ed it's stock on the market.
This is an effort that appeals to every
motive of pride and profit that can stir the
people of Staunton and Augusta.
Staunton is not only the capital city of
but the capital city of the Shen-
andoah Valley. 1t is possessed of a thorough
and modern civilization-female colleges,
male academies, public schools, gas, cleo
trio lights and fire alarm, street railway
facilities, police, churches, factories and
everything that modern town can offer.
Of the two Thousand acres owned by the
new company, nearly one-sixth touches the
edge of this modern city and enjoys the
fruits of it's civilization. 1t does not need
to build lily, it only needs to enlarge one
of 10000 inhabitants already built-One
which already enjoys large trade from its
own wealthy back country as well as High
land and the border counties of West Viz
ginia. And the output of whose factories
are shipped over the Chesapeake Il Ohio and
Baltimore Il Ohio railroads, which cross
here, to all points North, East, South and
West.
AS an iron manufacturing centre it can
not be surpassed. Its railroad outlets give
it's products access to tidewater and every
quarter Of the Union. Its railroad inlets
bring to it coke from the Connellsville,
Pa, Pocahontas, and New River coke
fields.
AS wood manufacturing city, it has
the timber of the Allegheny and Blue
Ridge in close proximity.
1t lacks nothing now to make it a large
city, but enterprise on the part of the
people.
This enterprise offers muniicent
financial return. The Staunton Develop
ment Company has acquired the valuable
land almost encircling the city. Its Off
Gers and promoters are men Of high stand
ing and known to all of us. They propose,
with capital of liberal size, to make
every foot of this land valuable, by manu-
features and by improvement. They pro-
pose, for 5000, to give one lot and two
shares of stock-the lots to be drawn for.
A very large proportion of these lots cannot
be purchased now for the 5000 alone.
How this property will improve in value
under the impetus of enterprise, may be
gathered from the experience at other
places, none of which can be said to have
had the facilities that Staunton offers at
the very outset:
COSU. S6llluS.
Roanoke Land and improvement
Co., organized in 1882, original
cost per acre ..........................S180
Present value, selling price per
acre when divided into lots...... $1,000
Radford Land and Improvement
Co., 1887 ............................... 10 1000
Pulaski Land and Improvement
Co., 1885,. OBSERVATION-DISCLOSURES. 40 1900
Bluefeld Land and Improvement
Co., Observation-Disclosures. 10 1000
Crewe Land and Improvement
Co., OBSERVATION-DISCLOSURES. % S75
The above are town sites on the main
line and New River Division of the Nor
folk & Western Railroad. Investments
made in 1889 for a Virginia syndicate OF
English gentlemen will show the following
results:
Amt. paid for Amt. now bid for
investment. the investment.
$40, 800, Buena Vista Land Co., 5 1000
31,25o, Radford Land and Imp. Co., $4,000
10000 Radford Town Lots, 10000
10000, Virginia Mining Co., 114,OOO
1000, Doe Mountain Iron Syndicate, 1900
$4,000, Norton Land and Imp. Co., 10000
Investments made in 1889, within fifty
miles of Staunton, will show the following
profits
Cost, Now worth
$37 900, Iron Gate Land & Imp. Co., $780,, 90
50, Buena Vista building lots S5O@ 500
The Staunton Development Company
placed it's stock on the markets of the
country, last week. We learn from
Staunton merchant who returned
from Baltimore on Wednesday that
there the stock was being taken
rapidly. People away from here who
have long seen the neglected advanta-
ges of Staunton can see at once the splendid
possibilities attending the effort to develop
those advantages. With our people at
home it should be a matter of pride to give
this effort home lift. Let the people of
the county and city have a strong hand in
this effort and they will have a broad and
full hand in the wealth that will flow from
it.
Ii the VINDICATOR would only let its far
mer friends know through its columns that
the importation of farm produce into the
United States, last year, amounted to about
three hundred million dollars worth, we be-
hot 4