The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-05-30
THE RIY .BRM0NT.
A BIG ENTERPRISE THAT UNI.
FIES PUBLIC SENTIMENT.
IT is UNIVERSALLY ENDORSED.
INTERVIEWS with leading Business
Men OF LynchburG-What They
Think or the Company and the
Rcnc.it 10 DC Derived From II.

-
Rcne.t TO DC Derived From II.
No scheme Tor the pushing forward
of LvnchbUrg as a commercial aud
industrial centre has so unified and
soliditied the business sentiment ana
DubIic spirit of the community as the
proposi1ion of the Rivermont Com
nanv TO build bridge across Black
water creek at the head of Main street
and extend the town IN that dlrec-
ton. A representative of the News
interviewed a number of prominent
citizens on the subject Yesterday, and
Will get expressions from others on
Monday. 1t shows united and
enthusiastic endorsatlon OF the pro
ject. -Four hundred thousand OF the
company's stock has been allotted TO
Lynchburg, and will be placed on
the marlet Monday. 1t is confident
" pred. ~ that the whole amount
will betgobbled up before sun down.
Following are the expressions of lead
ing citizens on the subject:
L do not see said Mr. Carroll,
OF the City Council, how
ANYBODY can go over there and view
the ground without being impressed
with the great possibilities of such an
enterprise us that which the River
mont Company has inaugurated. 1t
is fraught with great things for Lynch
burg. 1t is not an empty scheme to
build paper town remote from any
large city, but is Il well-organlzed
effort TO extend and push forward a
town OF $4,000 population, with great
ftrade and incompatible facilities al
ready in existence. | believe the
scheme will help build up Lynchburg
and make money for the stockhold-
ers."
Mr.. Max Guggenheimer, Jr., said:
Il should be glad to see Rlverlnont
succeed both on account of the I'M
mense benefit il viii be to LynchburG
and what believe will be profitable
to the stockholders. Have always
though that the city would be forced
sooner or later TO build the bridge,
and Rivermont is realty anticipating
the wants of the city. | believe this
bridge will add $500, 900 to the taxable
values of the city within five years.
and will more than double the value
of the property ou Daniels Hill. Peo-
pie living on that hill alone should
take the bulk vi the stock allotted
Lynchburg. :,
Mr.. /. Il. Adams of the well.known
concern of Adams, Bros. y Paynes
said: Il think the Rlvermont enter
prise has more real merit than, per
haps, any similar scheme recently
started in Virginia. If the company
simply builds the bridge across Black
water ahd runs a car line over to us
property. it can realize handsomely
on the sale OF lots for residential sites
alone. If desirable industries are To-
Gated. as contemplated by the com
pany, ii will prove a great factor IN
the Industrial march of Lynchburg.
/ think the project will succeed and
add largely to the city's growth.
Captain C. NJ. Blackford. president
of the Peoples National Bank, said
Il did not accept the position OF di-
rector in the Rivermont Company,
when rendered me, until after due
consideration, and not until after
became satisfied that the scheme was
one for the benefit of the city, and
one in which money could be made
for the stockholders, The construc-
tion of a bridge at the head OF Main
streei to Daniels Hill, enormously
INCREASES the value Of the property ON
hat hilI.~alid therefore that to be
held by the company. The bridge
will surely be constructed, and that
there may be no mistake about 1t,
The management has provided that
S75. 600 shall be set aside in trust Tor
that purpose, and that sum will only
be drawn as necessary TO pay l0r Ine
construction of the bridge. When
the bridge is constructed and the
table land of Daniels Hill is thus
added to the available area OF the city
it is palpable that the growth OF the
city is assured, and therefore the
stock will be made valuable.
MIR. r. 7. Watts: Il think the
sRiyerment enterprise has as much
real merit and as bright promise as
any scheme of the character ever
started in this State. If l am not
very much deceived in my opinion,
The whole of the $780, 900 of stock al
loted to I.ynchburg will be taken be-
fore the sun sets on Monday. You
, man that Mr.. George III. Jones, OF
.n e concern, thinks as | do about the
,oroiect. The bridge is the keystone
$ha success of the enterprise, and
the bridge is an assured thing
'it Rtsior p. }. Otey, president of the.
= ..neh bnrp and Durham railroad,
:. ~ ~. slyas' certainly think most
-sssezsaroblv Of Riyermont. 90 not
~ fruss myself to say exactly how
f In - NV IA, 1 do think OF it for Two
leag1i First, am director in aaf the
company and my opinions moi seaI as WITH ha1 All
s1.l..s y Of allowance which are but
IN. .,as : 81 lac aalccompainments Of such when
Clements 9l second; il + the ear steady e9tE
nsarch 81 Development OF or - cry, y
II II s Tsss 4. think that Riyermont stands
4 I'll hsinsnt and oyer-reaches Others,
!sf n u mot let fall = word that would
Ill III absr tend to dwarf the already
!. - : : Srised success and credit
sJ re- "a fidfed In erEfises here.
4 Ieas f6r III ernoiat might