The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-06-28

the Payment Of $3.50 Weekiy-EAaf
the q. & o. Land Club Are Doing.
The Baltimore and Ohio Land Com
pany, of Salem, Va, owning 227 acres
of land within half mile of Salem,
Va, admirably located for building
lots, have determined to offer 1900
lots for sale, at $50 each, including
corner lots, and in the following man
ner:
Lot clubs of 100 members each will
be formed, each member thereof pay
ing 81 so per week, or So per month,
until $3.50 is paid. Each member will
draw for lot at the regular weekly
drawing, and one lot will be drawn
every week until the 100 lots are
drawn. The two members drawing
the last two lots will get two lots each
instead of one.
The one drawing lot can, at any
time, pay upon his lot and get e deed
to it, as the company own their land
in fee simple. or he can pay ope-third
cash and the balance in one and two
years, on the residue, and the company
will allow such purchaser 10 per cent.
discount on his purchase.
A purchaser building within six
months house, costing not less than
$500, on his lot will have a reduction
of 25 per cent given on his purchase
making his lot cost S112.5O.
Several clubs will be organized in
this city. So that a member can join
one or more clubs, and draw in each
club weekly by the payment Of one
dollar and Isl, so cents in eacn club.
No interest is charged on these pay
ments whatever. The land has been
surveyed, laid out in streets and the
lots numbered. The land lies par
italy on the Craig county road, and
partially in the rear of Roanoke Col
lege and half mile from the center
of the town. Water mairs run
through the land, sidewalks are also
contemplated, and pleasant homes
close to business could be erecTed at
small cost, either as home for the
owner or to rent out, as houses are In
great demand in Salem.
AS safe investment this is beyond
precedent, and enables one of small
means to secure property constantly
on the increase in value. Remember
one lot is drawn by some one each
week. That you can pay up on your
lot after you have drawn by paying
one-third cash, one and two years, or
as q whole at any time you may elect
within eighteen months from the
time you joined the club and secure
the reductions named above.
Every member must pay his weekly
dues before he will be allowed to par
ticipate in any drawing. If absent
some one will draw for him, proyid-
ing his dues are paid.
DO not be mislead by any misrepre-
sentation made about this land, but
go to Salem and see it for yourself.
Call on Mr.. H. G. Brown, president of
the company, who will show you over
the property.
The size of these lots are mostly 50x
$50. Some few are 50x136. The lots
are well situated, and our plan of dis
posing of them renders it easy for the
men Of small means to secure a home,
or make a paying investment, by the
expenditure of $3.50 per week. Salem
is healthy, busy place, growing rap
idly, and presents more advantages
for investment than any other new
town in the State.
Every working man. be his means
large or Small, can go into this enter
prise and secure a lot that will con-
tinue to increase in value.
All who wish to secure lots OF the
Baltimore and Ohio Land Company
should call upon Messrs. Oscar d.
Derr & Co., the authorized agents for
Roanoke city, who will fully explain
the manner Of conducting the sale.
There is no Investment on which