The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-07-30


that will be going on at this point
within the next twelve or eighteen
months, as it is stated that not half
the contemplated impro .emants are
now in sight. AS Il consequence land
all around Lambert's Point is held at
amazing figures.
The Baltimore ana Ohio Land Coma
pany, OF Salem.
Offer 1900 building lots for $50
each. Weekly payments of $50.
The Baltimore and Ohio Land Com
pany, of Salem, Va, owning 227 acres
of land within half a mile of Salem
Va, admirably located for building
lots, have determined to offer 1900
lots for sale at $3.50 each, including
corner lots, in the following manner
Lot clubs of 100 members each will
be formed. Each member thereof
paying $3.50 per week or 81 per
month until $3.50 is paid. Each mem
Der will draw for a lot at the regular
weekly drawing, and one lot will be
drawn every week until 100 lots are
drawn. The two members drawing
the last two lots will get two lots each
instead OF one.
The one drawing a lot can at any
time pay up OH his lot and get deed
to it, as the company own their land
in fee simple; or he can pay one-third
cash, balance in one and two years,
and the company will allow such pur-
chaser 10 per cent discount given on
his purchase.
| A purchaser building, within six
| months, a house costing not less than
$500. Oh his lot, will have Il reduction
of % per cent. on his purchase, max
| ing his lot cost $1l2.50.
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 $3.50 fifty cents in each
club. No interest is charged on these
payments whatever.
The land has been surveyed, laid
out in streets and the lots numbered.
The laid lies partially in the rear OF
the Roanoke College, and half mile
from the center of the town. Water
mains run through the land, side
walks are also contemplated, and
pleasant homes, close to business,
could be erected ut small cost, either
as q home for the owner or to rent
out, as houses are in great demand in
Salem.
AS a 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. Then you can
pay up on your lot after YOU have
| drawn, by paying one-third cash,
balance in one and two years, or as Il
whole, ut any time you may elect
within IS months from the time you
joined the club, and secure the re-
auctions 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, provided
his dues are paid.
Do not be misled by any misrepre-
sensations made about this land, but
90 to Salem and see it for yourself;
call on Mr. II. 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
we'll situated, and our plan of dispos-
ing of them renders it easy for the
men of small means to secure n home,
or make paying investment, by the
expenditure of 81. 80 per week. Salem
is healthy, busy place. growing rap
idly and presents more advantages for
investment than any new town in the
State.
Every working man, be his means
large or small, can go into this enter
prise and secure lot that will con-
tinue to increase in value.
All who wish to secure lots in the
Baltimore & Ohio Land Company
should call on Messrs. Oscar d. Derr
& Co., the authorized agents for Roam
oke City, who will fully explain the
manner of conducting the sale, and
can be found ut their Office from a.
IN. to 10 p. Ill.
There is no investment on which
one can realize so handsomely and ut
so small a cost rs to become mem
her of the Baltimore s. Ohio Lot
Clubs, unless it is to be stakeholder
in the Baltimore & Ohio Land Com
pany. We cheerfully recommend
these lots to the public.
Respectfully,
OSCAR D. DERR & Co.,
No. 10 First avenue, S. W., Roanoke,
! Va.
II. F. MEETZE,
With II. G. Brown, box 2G9, Salem
Va.
AGENTS BALTIMORE s. OHIO AND
NORTH SALEM LOT CLUBS.
f. l.. CARTER,
With Dupey & Tal;aferro, Roanoke,
Va.
MANHOOD, STONE & Co..
Lynchburg. Va.
J. B. PARKINSON u Co.
Richmond, Va.
W. L. SUMMERS & Co.,
Washington. D. G.
FoARD, DOWNING, HARDAwAY
Roanoke, Va.
G. w. KERNAHAN,
Roanoke, Va.
SMITH & PARNELL,
Norfolk, Va.
J. B. PHARIs & Co,
Martlnsyille, Va.
PRICE s. MITCHELL,
Bristol, Tenn.
REUBEN FINNELL,
With Neal g PARIS Roanoke, Va.
Buy your cooking stoves from NH,
Jennings & Co., near market house.
/ Salem avenue.
There is nothing like DR.. Thomas
Electric Oil to quickly cure cold or