The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1890-05-01
STAUNTON'S FUTURE.
The Effect of the Development
Company's Organization.

>s--N-
Of the Staunton Development Company
means the success of StauEton and Au
gusta county The evidence of this is
presented even at the Inauguration of
the plan and scheme City property
has advanced already from 25 to SO per
cent Real estate that has been on the
market for several years, without bid
der or buyer, has been immediately sold
at double what it would have brou ght
one year ago. A noticeable illustrate n
of this is the Sherwood Seminary prop
erty After the suspension of the school,
the beautiful grounds, embracing or
acres, with capacious and handsome
buildings, could have been purchased
for $15, OO0 Last week they were sold
for cash to a Richmond syndicate for
$4,000.
The property on the corner of Augusta
and Frederick streets recently sold Tor
So, 700 went begging at $4,000 for a year
or two, and could not be purchased today
for less than $4,000.
lle DIuoy properly VII eAiS ~ 49, -
Main and Green. sold last Saturday for
$2,450 A year, or even six months ago,
it would not have brought more than
81 200 or 81 500; indeed it would have
been very difficult to sell it at any price.
The Mrs. Dupuy property on New
street, occupied as a business stand, was
on the market for months without a
bidder A few days ago a real estate
firm sold it for the price asked, and the
owner then plead to get off, and paid
the agent his commission and retained
the property.
Another conspicuous and desirable
property on Frederick street, was held
a year ago at $4,000 OF late the price
was $4,000, and when a purchaser was
on hand at that figure, Jump was made
of s., 900, or $780, 600 for what could have
been gotten for $4,000 a year ago.
The sale of the Churchlnan lot on New
street last Tuesday. 165 feet front, and
264 deep, for 1929, is the strongest evil
dence vet given of the feeling inspired
by the Development Company organiza-
ton Six months ago this property
would not have brought more than
$1,000, if that.
Other properties show like advances,
and all of it due to the organization and
published plan of the Staunton Develop
ment Company. If this is the effect, in
the embryo state, what will it be when
the stock of the company has been
placed, and active operations entered
upon, in the erection of manufactures
and private and business buildings, and
other improvements incident to pro
gressive town?
Numerous applications have been re-
ceived from business men from distance
for propositions to locate industries at
Staunton. These the Company is not
in condition TO consider. When the
stock shall have been placed and the
organization gets in working order pro-
per and prompt attention will be given
to industrial projects, such as are suited
to this section, and which can be per-
manently and successfully established.
1t is the duty of our business men to
manifest active and substantial interest
in the Development Company. 1t is an
enterprise designed to benefit the city
to attract capital to our midst-to inau-
gnrate industries that will be advanta-
geous to all classes of Cur citizen, both
of town and county. There should be a
live public concern manifested III its full
and complete success. Upon that hangs
the future of this portion of the Valley.
With it will come other enterprises OF
magnitude, for the development and
utilization of the resources of this Or
tion of the Valley, all tributary to
Staunton, and the building up an I'M
portant industrial centre at this point.
At Lynchburg, Salem, Roanoke. Bris-
toll, and at other established towns, the
citizens therefore have taken hold of
improvement organizations in earnest.
Their money and their time are given
to them, and every available dollar
is dedicated to the success of the
several schemes organized for the i'm
DIOtCulCnU vi bhOoC pAetSSo wv Oi'S "a
them has SO many natural adyanta ges
as has Staunton. Not one of them is
so favorably located for manufacturing
purposes, or so propitiously related to
much of the mineral wealth of the State.
We are surrounded by every conceivable
advantage, and if there is not a pro
nounced, ave, phenomenal success at
tending the efforts of the Development
Company, it will be the fault of our own
people.
Other communities are responding
liberalv to the Stauuton enterprise.
Wherever the agents of the Development
Company go, there is good word for
Staunton. It's fame as an educational
centre, as the seat of social refinement
and business enterI rise, of financial
solidity and moral worth; of churches
and charitable institutions, is wide
spread. Our own paoIL do not seem to
show as much prida and interest in what
they have and the unusual adyanta ges
they possess, as others in no way con
nected with US.
We must move together. Our efforts
and ambitions must be Influenced by
high objects, and the enginery put in
motion That will reach them. We know
when our business men brin themselves
to think about the matter, they will see
the necessity as well as the duty, of put
ting their shoulders to the wheel, and
giving the organization which has been
instituted for the purpose of building up
the city, their earnest, unstinted, liberal
support.
There is not an owner of real estate in
Staunton who will not be directly and
literally benefited by the quick success
of the Company.
There is not a merchant, a tradesman,
a mechanic, a professional man or citi-
zen, who will not find his personal inter
ests promoted by the success of the
scheme.
There is not a citizen of the county
who will not share in the ffuitions floW-s
ing from a prosperous and progressive
industrial centre being established here.
And the entire scheme can be made
more than an ordinary success if the
people SO will it, and unite their efforts
with the few men who have inaus urated
the plan, to push it to a consuminafion