The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-10-11
MIR. JAMES S. SIMMONS TALKS.
He Tells About the Roanoke De-
veIopment Company.

S3,O0O.00O of Capital and o. 600 PEG
pie will be Brought to Roanoke--Om-
Gers, Directors, and a Few of the stock
holders.
Mr.. James 5. Simmons, who went
away several weeks ago to recuperate
from over work, returned yesterday
morning. He has entirely recovered
his health, and while away put in some
good work for Roanoke, having received
subscriptions to the amount of 5000. 600
to the stock OF the Roanoke Develop
ment Company. Mr.. Simmons was ON
the streets yesterday morning shaking
hands with friends and receiving CON
CALCULATIONS upon the recovery Of his
strength and the good work he had
done for Roanoke, for everybody had
read the special in TIE TIMES an
nouncing the success of Mr.. Simmons
efforts.
TINES reporter called on Mr.. Sim
mons in his office.
81 suddenly became WE'LL said he,
''when got away and found how our
scheme for the upbuilding of Roanoke
was taking. l came to this city on the
first train that ran to Roanoke over the
Shenandoah Valley, and this is the big
gest thing yet. The securing OF tho
Roanoke and Southern is matter of
great Importance, but this means more
for Roanoke.
has Il fund of 5000, 000 to be used solely
in securing new industries, in addition
to offering free sites and grounds for
dwellings for operatives. Tho land
companies that have been organized
here before have not had more than
enough capital to purchase their
property, and free sites have been all
they were in a position to offer for new
industries. The people have subscribed
to the stock of manufacturing companies
until they have about rs much as they
can carry. and it is hard to raise stock
for any enterprise by individual effort
There are plenty Of industries that
are seeking locations in this section,
and, with S6OO,00O to BIO used in that
way, with the other advantages to be
offered, we can easily secure the invest
\ ment of So. 600, 900 i'll different industries,
anu add 10000 people to Roanoke's
population.
The company has been organized
principally By tho men who are inter
ested in the Norfolk and Western rail-
road and the Virginis Developments
Company, and who have made Roanoke
and this entire section what fits.
THE large block of stock rescrSsd for
Roanoke was taken this morning within.
an hour after tho books were opened,
and there" said Mr.. Simmons, pointing
to pile of kilograms on his table, ssare
applications for $4,000 of stock more
than we have to deliver The lands of
tho company will be developed as rapid
ly as money and men can do the work,
and we expect soon to have n larger
city in that section alone than any other
in Southwest Virginia.
The capital stock of the Roanoke De-
velopmcnt Company is 81, 100, 900. For
the last four months the promoters of
the scheme have been taking options on
property across the Roanoke river from
the West End tract AMI beyond the West
End Furnace, and have secured 1900
acres. The river flows through the prop
crty and alongside of it for some dis
lance. Along the river tho land is low
and level, and especially adapted to
manufacturing and business purposes.
The remainder of 1t is elevated and add
mirable for resident property.
Mr. Arthur c. Denniston. of PhiladeI-
phia one of the directors, arrived last
night, and will Immediately look after
having the survey of the property made.
improvements will begin Immediate
ly. and will be pushed forward rapidly.
Streets will be laid off through the
property, two fine bridges will be thrown
across the river, one ut the Mountain
View tract and another at the West
End Furnaces. Electric street car lines
will be extended through the resident
and business property as early as posi-
BILE:
All of the capital of the company has
been taken, much of it by Philadelphia,
Baltimore and Norfolk capitalists.
The directors are II. l.. Terry, Roam
oke; Arthur G. Denniston, Richard s.
Brock, Clarence NJ. Clark, of Phila-
delphia; Joseph III. Sands, James S. Sim
mons, s. w. Jamison and James a.
Gale of Roanoke.
The officers are Arthur G. Denniston.
of Philadelphia, president; S. w. Jami-
son, vice-president and treasurer; w. s.
McClannahan, secretary.
The following are some of the largest
subscribers to the stock: The Virginia
Development Company subscribes $780,
00o; reserved for the Second Virginia
Syndicate, S50,00O; the Virginia Real
Estate and Investment Company, $685.
600; JOS III. Sands, $4,000; p. l.. Terry,
$4,000; Jas. s. Simmons, S35, 900; S. w.
Jamison, $4,000; DR.. Jos. A. Gale,
S2o,000; r. ii. Woodruff, S25, GOO;
c. Markley, $4,000; w. +. Baker,
$1,000; w. p. Huff, $1,000; w.
X Andrews, $4,000; Wingate &c
a.