The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-04-09
ROANOKE IN 1891.
A Few Points for investors to
Ponder.
"Spring has opened"

hearo frequently upon the streets OF
Roanoke yesterday, and, as usual,a few
doubling Thomases wanted proof Of
their truthfulness. They did not have
far to go for it..
Inquiry of tho merchants revealed q
rapid and worry gratifying increase of
trade within the past few days. Dray-
men wore busy carrying goods to and
from the depot, and tho real estate
agents, the most reliable business barom-
eters in our midst were all out with
their handsome single and double teams,
showing business and residence lots
and giving terms to parties anxious to
invest in Roanoke property.
Further inquiry developed the fact
that tho Jefferson Land Company had
placed their lots in the southern part
of the city on the market yes
orday.morning. This information ac-
corded in measure for the rush in that
direction.
Hon. William P. Dupuy is president;
L. Is. Ludwig, vice-president, and C. L.
Kreh, secretary and treasurer of tho
Jefferson Land Company, and its lots
arc sold by the real estate firms of Lud-
wig IL Jamison, and Dupuy & ITALIA
ferro.
The company's property, embracing
elghty-six business and residence lots.
is bounded by Spruce, Holiday. and
Walnut streets, and for elevation, drain
age, beauty and dcsirability will com.
pare favorably with any in the city.
Thirty lots were sold yesterday,
capitalist from Washington purchasing
several with the intention Of erecting q
large warehouse on one of them.
When it is remembered that the Roa.
noke and Southern railroad will enter
the city from the south along Holiday
street and thlt the handsome freight
and passenger depots will be located on
that thoroughfare, tho value OF a por-
ton OF the lots of the jefferson Land
Company for business purposes will be
seen at a glance. Parties desiring to
purchase with view to erecting n res
idence could not select q be tier locality.
as within radius of two or three humid
red yards of this property there are
twenty or more handsome residences
which cost from SO, 500 to S35, 900 each.
They overlook the valley and river and
are near the famous spring which sup
plies the city with the purest water to
be found in Virginia.
Tho company has priced these lots
low considering the advantageous loca-
ton and the demand for property in
that section OF the city. They arc
offered at from $500 to $4,000 each and
at these figures it is safe to predict that
they will be disposed of in compare
lively short space of time.
People desiring to secure beautiful
residence or desirable business lots
would do we'll to visit the lots of the
Jefferson Land Company as early as
possible and make selection Of one or
more. Property is advancing rapidly in
value and delay means the loss of an
opportunity to make a prof ia BILE invest
ment in this fashionable and growing
section Of the city.
The year 1891 will be the most Or os-
porous in tho history of Roanoke. In
addition to the largo number OF in
dustries in operation and employing
thousands of skilled and unskilled
workmen the indicati ms are tt at new
enterprises to give employment to as
many more will be established before
the close of the year.
The large plate and bar mill at the
West End Furnace is approaching com
pletion and will employ $50 men and
boys. Negotiations have been closed
I for glass works and the largest shelf
hardware plant in the country, and it is
expected contracts for the Lrec ton O T
the buildings will be awarded in q short
time.
The Roanoke and Southern railroad
will be completed from Martinsville
during the year, giving us n line to
Winston, North Carolina, and opening
up to our merchants and manufacturers
territory rich in minerals, stone, ii M.
Der and agriculture. 1t is reasonabl
certain that before the end of the wear
work will have commenced on the OK.
tension Of tho Valley branch of the
Baltimore and Ohio railroad from Lex.
ington to Roanoke, giving our city the
advantage of another great trunk line
In addition to the above mentioned
improvements the expenditure of over
$4,000, 600 on new business houses and