Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1891-05-19
The Grent Lot Sale.

Inc safe. OF lots oy Inc ". A4-3 NJ
q /. Co., at Charles-Town. on the
14th and 18th inst. aggregated about
100000. The company sold all of
the lots which it had selected for sale,
and some others which were offered
at special request by buyers. The
prices obtained were fair, not extrav-
agant. At Che commencement of the
sale Mr.. Beckenbaugh, the auction
Ger, announced aud repeated the an
nouncement during the sale, at the
special request of the officers of the
company, that no extravagant prices
were desired or would be permitted;
all that the company desired were
prices moderate in character, giving
fair profit to the company and al
lowing purchasers to buy at fair bus
mess values, and enabling them to
build or sell with absolute security of
profit. This was the course of wis
dom, and the beneficent results of
such sagacious conclusion is being
felt now, just at the close of the sale.
Stockholders from all sections have,
after investigation, pronounced their
approval of this course, and have or
ganized into seperate bands to i'm
prove what lots they have drawn and
purchased. We can safely predict
that besides the five large lnanufac-
tories now being located and erected,
that two hundred residences in addi-
ton to the number now in course of
construction, will be built in the next
six months. Usually after sale,
what are called boom towns lay dor
mant, if not dead. Not so with
CEarlestown. The smoke of excite
ment at the sale has scarcely lifted,
and the hammers of activity and pro-
gress are still in motion. The officers
of the company, delighted at the re-
suit of their efforts, are hard at work.
New blood, new money new industries
are secured, and with fair hopes, bus
mess values, conservative policy and
widening influence, they pursue the
great work. 1t was the universal
opinion of all the stockholders vino
attended the sale, that what had been
done in the way of securing manu-
factures, population and reputation,
was not only gratifying but the best
assurance of success, and numbers
of them, business men from influential
sections of the Eastern seaboard, have
determined to combine and invest in
CharIestown more literally than ever.
The company is fortunate in its stock
holders, they being principally bus
mess men of good Judgment and es-
tabIished reputation, men who know
a good thing when they see it, and
how to wisely and pruGently secure
it. Think of what has been DONE
1t is scarcely five months since the
stock of the C. NJ. ri. & 1. Co. was
sold; scarcely four months since it
secured its lands, and less than two
months since they were subdivided.
Yet in that time six large manufac-
turing establishments, employing an
aggregate of GOO hands, have been
secured. These alone will double the
population of the place and make it a
city of six thousand inhabitants
But more than this. BY the constant
visits of strangers and investors to our
midst, the reputation of the place has
extended to every neighboring quar-
ter. Its facilities, resources and sit
uation are widely known. The hearty
endorsement of leading manufactur-
ers, eminent scientists and expe-
rienced iron men, is attracting toward
it capital and energy to secure and
develope the resources it possesses.
Geographically central, with magnif-
icent facilities for transportation by
two trunk lines, with coal and coke
as aneighbor, with abundant iron ore
on its threshold, agriculturally I'M
surpassed, and with a climate and
soil unequaled in the world, the City
of Charlestown awaits the magnificent
future before it.
Remember, our reduced terms of