Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-04-18
THRIVING MELROsE.
A Most Successful, Attractive, and Pro-
missing Improvements.

One of the most successful and promis-
inc improvements in the neighborhOOd Of
Manchester is Melrose, the splendid prop
erty of the Melrose Land and Improve
ment Company. This property Is located
at the junction of the Belt Line and the
Richmond and Petersburg railroad. 1t
consists Of JOG acres of level but elevated
land. This land has been divided in lots
measuring 5Oxl37 feet. which front on
streets, co feet wide and and run back 10
alleys i6 feet wide. Melrose was projected
when everything was down-thRt Is, In the
midst of the recent financial furry, when
every one was disposed to keep pretty
close 10 shore as regards investments. The
property was capitalized at 10000,
modest prospectus was issued. ana IN
very short time oil the stock was taken,
portion Of it by some Of the most substan-
tial men in the city.
POLICY OF THE COMPANY.
The policy of the company was, how
ever. 10 distribute the stocks as much as
possible into the hands of those of moder-
ate means. and to that end the terms were
made most liberal. They wanted to make
Melrose place of homes, not the shuttle
cock of spectators, and they have per
sistently pursued course tending TO that
consummation with the most gratifying
results, both in the direction of putting
the company on solid basis for prose.
cutting improvements and IN the matter OF
securing a desirable class OF residents.
GOOD PROPERTY.
The lots are $50 IN number. and each
and every one is desirable. The company
began to improve the property IN the be
ginning in the matter OF grading the
streets and perfecting drainage, and these
improvements are still going on. Ihey
promised stockholders and lot-puTchaseTs
that certain moneys would be devoted to
increasing the value of their investments,
and they have kept their word. They have
done much in this regard, and they intend
to DO some more.
NEAT HOUSES.
Five houses OF attractive design and
convenient in every respect Will be let to
contract for erection on the Melrose pro-
perty on the 21st of this month, and the
building of them will be commenced i'm
mediately thereafter. These houses Will
go with the lots they are on IN the general
drawing for lots by purchasers which Will
take place some time in June.
INDUSTRIES.
Melrose is right in the neighborhoOd of
the johnson Iron-Works and the plant of
the Richmond lce-Machine Company and
Clopton, the junction of the Belt Line and
the Petersburg Railroad, il is conceded IS
certain 10 be the seat of large industries,
and, consequently. of large population.
This will give Melrose an important feeder
in itself in the way of multiplying re-
sidences and enhancing values. The
property can now be reached from Rich
mond and Manchester by the Petersburg
railroad or by short aud pleasant drive
down the Petersburg turnpike or Peters
burg avenue. as it will be fully entitled to
be called when the improvements IN pro-
gress on it shall have been completed.
sTBEET-CAR LINE.
But il is not TO be presumed that the
company and those interested in other
property will rest content with these means
of communication. Self-interest and the
demands Of residents will beyond ques-
ton bring O street-car line to Melrose.
Such a line will pay. and when that is said,
all is said that is necessary. The lot owner
who at the drawing gets lot on which
one of the new houses IS located Will have
realized handsomely on his investment;
but any naked lot drawn will be worth
largely more than its cost.
The MANAGEMENT.
As before stated, some of the most sub
stantial men in Richmond, and II should
have been added OF Manchester also, are
interested in Melrose. and the character Of
! those TO whom the conduct of its affairs
| have been Entrusted is a guarantee that
| everything connected with the property
will be conducted on business basis. The
officers Of the Melrose Land and Improve
ment Company are President, III. Is.
/ Owen: Secretary and Treasurer. Augustine
/ Royal; Directors-H. C. Beattie. J. w. Ar
/ rington, II. Fitzgerald, p. l.. Toney, Ar
I thur b. Clarke, and J. p. Carson.
Anumber of Richmond men are also
/ among the smaller stockholders aud have
/ invested with a view of building suburban
| houses at Melrose, TO which they can run
| out after business hours. The location is
| in thoroughly convenient distance from
| Richmond, and with the increased faeili-
/ ties of communication that are certain to
! ceedingly popular as the home Of men of
/ moderate means. The elevation and general
I situation Of Melrose ensures for il in the
/ summer the river breeze. thus making the
/ nights cool aud comfortable. Mr.. Roy
| all, who is thoroughly acquainted with
/ all the details OF the management of the
/ Melrose Company Ia the principal officer
in handling the property. The future OF
| Melrose Is assured by al its surroundings.
| ---<1-
| willing TO 30 Beth Ahaba's Minister.
The committee appointed for the purpose
| by the congregation Beth Ahaba have ex-
| tended invitations to the Rev. IL. n. Cslish,
of Peoria, Illinois, and DR.. Mendelssohn, OF
| Wilmington, n. O., topreach trial sermons.
Both of the reverend gentlemen have ac-
| copied and the former viii conduct ser
| vices at the Synagogue On Saturday, May
/ 9th. The date fDr. Mendeissohn's preach
ing has not as yet been decided upon.
To Double It's Capacity.
Mr.. G. d. Wingheld, secretary and trea-
! surer Of the Crystal-Ice Company said yes
terday to DIsPArcH reporter that be ex-
pected to double the capacity of his plant