The Valley Virginian. [volume] (Staunton, Va.) 1865-1895, 1891-01-29

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Charlottesville Land Company is placed,
negatives the idea there can be any fail
ure.
HOLDS OVER 1900 ACRES.
Charlottesville tosday. It.. has bought
out at low figures all the various pioneer
companies and more It controls nearly
all of the property which touches the
city at any point of it's circumference.
and it has besides handsome properties
within the city. Its holdings embrace
about 1900 acres of land. These lands
have been acquired at wonderfully low
figures, and are worth in many instances
fully their cost for agricultural purposes
No portion of these lands is over twenty
minutes walk from the centre of the city.
IMPROVEMENTS ALREADY COMPLETED.
Some three hundred acres of these
lands have already been improved, be
ing laid off into squares with broad
streets and avenues which are already
graded In considerable sections, gas
and water pipes have been laid, and are
connected with the city mains, and cleo
trio wires have been pat up with view
to immediate disposition for business
and residence purposes. In addition,
the belt line of railway, which is to en-
circle the city and run through the COM
pany's property, has already been cons
pleted for over two miles; upon it also
are three new plants, two knitting fac
tores,a planning and wood working mill,
each of the former employing over 100
hands. With all of these Improvements
the average cost OF these lands to the
company is only $170 per acre.
NO PROMOTERS INTEREST.
OF all this the stockholders get the
benefit. There are no promoters inter
ests which frequently render the capital
stock of companies delusive and lessen
the profits of real stockholders who have
bought and paid for their stock.
CAPITAL STOCK 100000
The capital stock of the company has
been fixed at So, coo, 900 to be divided
into shares, the par value of $780, These
shares are offered to subscribers at 500
per share, and are assessable only to
that extent. Subscribers are required
TO pay at the time of subscription So per
share, thirty days thereafter 30 per
share, and then s. per share per month,
making IS months in all, in which to
pay up, if it shall be found necessary to
collect from the stockholders the full
am punt of their subscription. 1t is be-
lieved, however, this will not be peces-
sorry When all the stock is placed the
actual capital of the company will be
81 100000 upon which to operate.
STOCK IN PAYMENT OF LOTS.
At the distribution of lots every holder
of four shares of stock will receive a lot.
The lots selected for distribution will be
worth as much on the average as the
lots of the company at the time of dis
bribution not embraced therein. The
fact is, the company owns no Indifferent
or scrubby land. Those acquainted with
the holdings of this company will readily
bear witness to this fact.
Fully paid up stock will be received
by the Company at $75 per share in pay
ment for lots to the extent of fifty per
cent. of the purchase money.
ATTRACTIONS.
While formerly the leading feature of
Charlottesville has been it's education al
interests and it's residential attractions,
!, NJ 4/ lo Tn,
Der and timber, situated at one Of ma
lures distributing points, at the inter~
section of the Richmond and Danville
and Chesapeake and Ohio Railroads,
laying down at reasonable rates all raw
materials, the best pig iron and cheap
coal for manufacturing purposes, it has
conspicuous advantages WHICH haye at.
tracted the attention OF manufacturing
enterprises. AS an evidence of this it
has the following
ESTABLISHED INDUSTRIES.
The Charlottesville Wooden Mills, one
OF the largest of its kind in the South,
with large and established trade North
as well as South
Two Knitting Mills. one employing
about hundred hands and another just
completed. The machinery is now be-
ing put in. 1t will work over 400 hands.
The Monticello Wine Company and
the Hotopps cellars.
Three planning hiiile.
Sash, Door and Blind Factory.
Two bottling works.
Two carriage and wagon factories.
Three cigar factories.
boundary and agricultural machine
shops.
ELECTRIC light plant.
Gas plant:
Ice factory.
Three brick factories.
Two street ear companies.
Water works
Slate pencil factories.
Taylor Speciality company.
University Pharmaceutical company.
A large soapstone quarry near by work
ing over q hundred hands.
Telephone exchange.
CONTRACTED Or NEGOTIATED FOR,
In addition there have been contract
ed or negotiated for extensive and
valuable plants for the manufacture of
furniture, agricultural implements,
woo!en and cotton goods, iron piping
saw mills and otheFa.
While those who contemplate making
their residence there will not under
value the handsome surroundings,
educational advantages and healthfGi
ness of climate, these being not merely
Of sentimental value, the above simple
statement Of facts carry with them great
weight to those seeking reInunera-
tive investments in a substantial and
growing City.
THE MANAGEMEAV.
The lands of this company have In
trinsic value and are not specially de-
pendent upon specific facts, bat should
Increase rapidly in value, because to
their inherent worth is to be added that
which naturally flows from enlightened
of real estate and from con
sequent rapid urban development. No
body who knows the city and is acquaint