The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1890-01-02
AN INVITING OFFER.
A $500 8 Per Cent. Bond, $500 in
Stock, and a Residence Lot,
Ali for $500.

The ROSELAND IRON AND COAL CO.,
whose holdings embrace the valuable
iron property known as Davidia, adj
joining the properties OF the proposed
cities of WaynesborO and Basic, have
laid off an addition to the two plotted
cities of 400 beautiful building lots, so
by 15G feet. These lots are located on
one of the most eligible and attractive
plateaus in Virginia, at the base OF the
Blue Ridge, and commanding view OF
the whole scope of country reaching
north, south and west. The site OF this
plat is elevated, picturesque and healthy,
and can be easily and copiously sup
piled with the pnrest water bursting
from the mountain side.
Along with these lots will be offered
S203,030 first mortgage 6 per cent bonds,
$500 each. covering the entire iron prop
erty of the Roseland Company. embrac-
ing about 5000 acres of the richest min
eral lands in the State, and in addition
there VIII be given with each bond $500
of the stock OF the company winch Is cap
italized at 81, 900, eco The lots will be
ascertained by drawing Parties subscrib-
ing for bonds, stock and lots VII pay $500
for the whole-tllat is, a $500 bond, $500
in stock, and lot 80 by $50 feet and will
be required to pay $500 as follows: S5I
cash, and $50 per month until the $500 is
paid when the stock, full paid and non-as-
seseable the bond and a deed for the res
idence lot will be delivered. The bond
will be worth $500; the stock its PAL
value and the residence lot may be worth
$500, making the investment three dol
lars for one, if not a much larger adj
vance. Purchasers desiring to pay all
down will be allowed per cent discount
and get their bond, bearing 6 per cent
interest, the stock and the lot at once.
That is $500 in bonds, $500 in stock, and
a lot so by $50 feet, all for $500
j The basis of this company is the i'm
mense deposits of specular and brown
iron ores on the Roseland property. The
developments now going on give assur
ance that there is no such property in
( the South, and that the project is one
/ of the most feasible ana inviting ever
offered in this country.
Already negotiations are pending fcl
an iron furnace, rolling mill and pipe
factory The combination of the ores
which are found on the Roseland prop
erty, is peculiarly adapted to making
the best understandable pig, and the prom
Use is, that at no distant day a manufac
turing centre will be established at this
point of large proportions.
The Roseiand addition will PRACTICAL,
connect with the sites OF the Waynes
boro Company and the Basic City Com
pany, and form the essential link in the
building Of an imposing city. unde
these separate organizations, each con
tributing to the success of the other, anG
all mainly dependent upon the develop
ments on Roseland.
Books for subscriptions, we under
stand, will be opened on Monday mex
in Staunton and other points in Virgini;
and other States and it is expected tina
the whole amount of bonds, stock an(
lots offered will be taken in a shor
time, as there never has been more
favorable opportunity presented TO
profitable investment