The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-05-06
RIVERMONT.
Important 10 Investors in Real Estate.

The great Rivermont bridge, which
spans the chasm connecting the "Main
street. of Old Lynchburg with River
mont avenue of the New Lynohburg, is
about completed, the formal opening of
which will be announced in few days.
This bridge is an iron structure--the
work of tho Edgemoor Bridge Company
sixty feet wide, 1872 feet high; and, in
.cluding approaches, 1000 feet long, the
iron work being 1000 feet in length.
On it runs tho double track electric
railway, on each side OF which is a 20
foot roadway and o foot walkway
Its southern end rests on Main street
in the city of Lynchburg. This street
is paved with Belgian block, and is SOL
idly built up, and two electric railways
intersect at this point The northern
end rests on Rivermont avenue, 80 feet
wide. along the center of which runs
double track electric railway.
AT the southern end { f the bridge lots
cannot be bought for 500 per front foot,
Within half square down Main street
lots. without buildings on them, will
bring readily S4UO to $500 per front foot.
AT the northern end of the bridge Riv-
ermOnt will offer lots at from $40 to $50
per front foot.
Now investors will do we'll to look
into this and to remember.
l. That Rivcrmont is partly within
the corporate limits of one of the
wcalthiest, most thriving and most solid
cities in the South.
2. That the Astors. tho Vanderbilts,
the Stewards and the great bulk of
those possessing large wealth have in
the main secured it through the means
of suburban investments. That the
proportion Of urban population in Vir.
GINA, as compared with tho Western
and Northern States, is very small.
B. That Virginia is growing rapidly,
and that the tendency of people is to
centres, and hence to cities, and conse-
quently urlan population must largely
increase and suburban property must Of
necessity enhance in value.
4. Go where you will in Virginia, and
nowhere will you find an investor in
suburban property expressing regrets at
his purchase.
.. by suburban" must be understood
property contiguous to real and not i'm
aginary cities.
Now let us SEQ how this fl Is our case
Lynchburg Is the city, part Of which
we already are-the balance of which is
its suburban annex. She has 5000 in.
habitants; and it is a mammoth bee
hive when we consider it's manufactures
and other industries. 1t is crowded, and
wants moro room. The topography will
give relief in no dire ction so easily as
across Rivermont bridge.
She handles 10000, 600 pounds of to-
bacco annually, under the direction of
fifty establishments. known we'll on
both sides Of the Atlantic. Its whole
sale and jobbing trade amounts to So
5OO,OnO, with commercial travellers
representing seventy firms Of Lynch
burg'S pushing men. There are over
seventy manufacturing establishments
cotton. iron and other metals, wood,
stone, ice, etc.
1t prides itself on it's solid financial
condition. No bank has ever failed
here since the war, and it was tho only
city in the State Of Virginia in which
nota bank suspended payment in the
great panic Of 1872 1t was the pioneer
in reducing the rat of interest to bor-
rowers to per cont, and indeed is in
fact the only city in which the banks
uniformly did it. Still thee banks pay
to their stockholders from to 10 per
cent. dividends. 1t has banks and bank
crS, nine in number, with deposits So,
500, O00-surplus $3.50, OOO-and loans
S3.50O.O00.
There arc in Lynchburg twenty miles
OF water mains, with three reservoirs
storage capacity. $500, OF 0 gallons, with
pumps the capacity of which is 5,0Ot, 900
gallons per day; eight and half miles
OF sewers and as many miles Of gas
pipes. There are ten commodious
school houses-2 600 pupils, fifty-sevcn
teachers, twentyfOur churches. three
daily newspapers. telephone, tcle-
graphic and other electrical facilities,
including extra power and lights, and is
the only point in the State Of Virginia
common to the three great systems of
railroads which penetrate her borders,
viz: the Norfolk and Western, the Ches-
apeake and Ohio and the Richmond and
Danville, supplemented by an indepen-
dent line. the Lynchburg and Durham
railroad, thus giving lines of communi-
cation radiating in seven different di-
rections, securing competitive freight
rates, cheap coal and coke, and advan.
tages for distribution second to no place
in Virginia. Enterprises seek such
points without bonuses.
with such advantages is our property
surrounded, and it is in reality Urban
and Suburban property. and to inves-
tors we can truly say, in presenting you
rare opportunities, we invite unre-
strained scrutiny that you may satisfy
yourselves, and not have cause to saw,
lit might have BEEN" unless YOU fail to
invest. TIE RIvERMoNT COMPANY.
May 1St, 1891.