Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-11-21
ATTRACTIVE BASIC.
rug ADVANTAGES OF ITS LOCATION
AS A PLACE FOR HOMES.
More Of It's surroundings-The Coming In
rush of Population and It's Charac-
ter-Industries, Again.

more QetEig Ho mis- ~ wv "'" a"
defv the most prosaic man that ever
lived to gaze upon the site Of the place
and ifs surroundings without feeling
sense OF the aesthetic and poetic creep
ing over him and experiencing some
thing of longing to have home here.
The landscape which in the summer is
series of pictures of carpets OF green,
hits Of blue forest, stretches OF limpid
water. and fields of golden grain Is at
This season no less beautiful-no less
suggestive Of contentment and plenty
no less factor in fortifying the impress
sion that even we're not Basic City the
centre of a great iron belt Its growth
would be certain.
EXTRAORDINARY.
And this being so. how much more
fo-cible becomes the argument IN favor
of its rapid development when We con-
slider the advantages it offers as an indus
trial centre. which have mentioned in
nv previous letters These advantages,
such as competing railroad lines and q
treasury of raw material in close prox-
unity. &C., would attract capital anyhow,
provided the ordinary conditions for sub
sisting population and rendering them
comfortable existed. But here extraor-
binary conditions to meet these ends
exist. The industries of Basic City
will demand large influx OF
skilled labor. and it has been well
Il 1o1, nj
home. Not the least important item in
the work Of retaining skilled labor
in a new place is to identity
them with the place through the
cultivation of the home tie, and this
cultivation attains to its highest func-
tons when they are provided with neat
residences mt reasonable rent or can
berome property-owners by making a
small outlay and their general surround
mgs are healthy and attractive. Much
of the discomfort OF labor is due to the
fact that industrial plants are too often
placed where employees have little IN
centive TO become property-owners or
beautfy their surroundings.
EVERY INCENTIVE.
At Basic City there is every incentive
for the skilled mechanic to identity him
self with the place permanently and
acquire a pretty home for himself and
family. 1t is hardly possible that the
intelligent mechanic who comes here to
get work can become a floater. Here
there are pure mountain Dir and rich
agricultural section and proximity TO
large markets that insure cheap living.
Here he will find an abundant supply OF
pure water for drinking and domestic
purposes, natural Typographical condi-
lions for drainage, and guarantee that
the best Of school and church facilities
will be provided. There is already q
large school here. Here in short he will
find location for an ideal home.
That this, outside of the liberality Of
the Basic City Mining, Manufacturing
and Land Company, is an inducement-
indeed most potential inducement to
manufacturers TO locate plants here
calls for no extended argument,
So patent is it that it has proved not the
least of the influences that have tended
TO the already rapid growth Of the City
OF the Iron Cross and to the advance IN
values here. Shrewd men who put
their money here at the first sale,
which took place six months ago, saw
that the mechanics that would come
here would be OF the very best class-of
the class most ambitious to own homes,
or surround themselves in rented homes
with all possible comforts rs far as their
means would permit. They saw that the
industrial population Of Basic City would
be a population of good citizens and
their foresight has been the means IN
some instances in putting into their
pockets thousand per cent profit on
their investments.
THE SECOND SALE.
The second sale OF lots by the com
panv takes place on the 81 and 4th Of
December, at which a large number Of
most desirable lots will be put upon the
market. and it may be said that the con
ditions that made investments at the
first sale so profitable have been intensi
fed. At the date OF the first sale hardly
the foundation OF single house wa!
laid. the streets were mere burrows
and the furnaces and factories ex
listed only in tho designs and draw
ings of builders. Now the streets arr
graded, many dwellings have been built
many more are building, a $75, 900 hote
has been completed, and as befor'
stated. fourteen large industries to EN-
ploy nearly three thousand hands an
representing a capital Of over S2,OOO, OO'
are well under way and will soon be II
full operation. Even the moro doubtful
as TO the success of Basic City-if, III
deed. any one could have doubted
now forced TO confess that its futur
seems upon almost as firm basis as tn
mountains about It,
FINANCIAL.
The terms OF payment for lots pur
chased at the coming sale will be liberal
and deferred payments may be made il
the stock of the company at par, 600
at the option of the purchaser. TIL
company say that lots are cheaper nov
than they will ever be again, and tn
statement is founded on good ground
as any one must see who will come her
and study the situation. There seem
hardly a question that the man who in
vests in order to hold for rise IL
values will realize handsome profits
for what has been is bound to be again
while the man who invests with vie'
Of building for rental is certain OF
handsome rent-roll. There is demand
! for all the buildings that Gamble erected il
the course OF several months, and thes
can be put up at cost insuring larg
profits, even at such moderate rent q
will be certain to secure good tenants.
, THE PRESENT ONLY
Further, all the buildings that could b
erected in the next few months woul
only provide for the population that wi
come in when the industries now build
ing shall have been completed. Thes
will not only, it is calculated, bring i
, some three thousand mechanics and thei
families, but attract other industries i
addition to those being negotiated for
: Indeed, when / look upon the advar
) tages Basic City offers simply as HON
/ feel that l can safely predict that o.
, mechanics who settle here Will try t
inJroa faIiovy ~, o. bopica M do tha sam