Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1890-12-10
The WONDERFUL RECORD
OF Salem 'The Queen City of the South
west"
Great Sale of Lots. December llth
and 18th.

Great Sale of Lots. December llth
and 18th.
The Salem improvement Company, the
most successful organization of the kind il
Virginia, had its first sale Of lots December
18th, 1889. Since that time the growth of
Salem has been marvellous; about 400
houses have been built, 81, 900, 900 spent in
buildings and improvements, Che popula-
tion nearly doubled, and, the business of
the postoffice and telegraph Office increased
five hundred per cent. The iron furnace
about to go into blast, the factories in
operation, and actually secured, will em-
ploy several thousand hands and insure the
doubling OF the present population Of A, 600
in another year. Negotiations are nearly
several thousand hands, and the land COM
panies, with an aggregate capital stock of
81, 600, 900, have voted liberal sums for new
industries. A cotton factory and a wooden
mill (nearly completely that will manu-
facture it's goods into clothing, will en-
ploy a large number of females. The early
extension of the Baltimore and Ohio and
the Roanoke and Southern TO Salem will
make it an important railway center, and
hasten its growth into a large iron, steel
and general manufacturing and CONNER
cial city. Salem and Roanoke, now rapid
ly growing together, are destined to be the
great industrial center of Virginia.
Salem is the most attractive town in
Virginia; and it may we'll be proud of its
surprisingly beautiful location, its health
full climate, its refined society, it's fine
churches, its excellent schools, and OF
Roanoke College, one of the leading iDsti-
buttons in Virginia. Attractive as place
of residence, it now offers unusual ad-
vantages for manufacturing and general
business. No other town in Virginia has
ever equaled Salem's record of progress for
the last twelve months. The stage of ex-
pertinent is passed, and Salem is now firm
ly established on solid industrial basis.
The improvement Company proposes to
celebrate the anniversary of its first great
sale of lots by offering on December 18th
and 18th, at reasonable pIices, some of the
most valuable lots in our growing city
This property adjoins the old town and is
surrounded By the lands Of other strong
companies. Being inside property, it will
continue to increase in value. The Norfolk
and Western and the Dummy Line to
Roanoke run through it and have their
passenger stations on it. The streets have
been graded and the town system of water
be offered on College Avenue and other
business streets and on the Boulevard
Roanoke and other residence avenues. On
College Avenue, which has been we'll
graded and macadamized at cost of 3d.
900, only brick or stone buildings may be
erected. On it, the Hotel Salem--five
stories. 100 rooms, and costing complete
$500, 000-is under roof, the improvement
Compsny's bank and Office building-5O by
so feet, three stories-and costing COM
plete about $40, coos nearly ready for
occupancy, and number of large business
houses are in course of erection. This ave.
nue is sure to become one of the finest bust
ness thoroughfares in Virginia.
The lots to be offered on December 18th
and 18th, will be sold for one-third cash
and the balance 10 one ard two years. and
the Company will adhere to its policy of
placing its lots at such prices az will insure
investors large and quick profits. Business
lots are % by $50 feet and residence lots so
by $50 feet. Fee beautiful new map, a
pamphlet of thirty-two pages, and further
information those interested should address
Mr.. ]. W. F. Allemong, President, Salem,
Va.-Times-Register, Salem, Va, Nov. 20,
1890.