The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-07-03
ROANOKE THE MAGIC CITY.
The Story of Its Growth Boiled
Down.
what Roanoke Has Done and What She
is Still Observation-Disclosures the
Close Money Market SIC ,Oo0,o 900 In I'm
provements Already in. Sight---The
Population, Industries and Advant-
ages of the Wonder of the Valley.

Roanoke has population of over22,-
600. It's citizens are from nearly every
State in the Union. Eight years ago it
had 600 people. It's growth at present
lis on a moro solid basis and more rapid
than ever before in its history.
Roanoke is located at the junction of
the Shenandoah and Roanoke valleys.
Its altitude is 907 feet and it is sur
rounded by rich agricultural and min
eral country.
Roanoke is distant just eight hours
ride from Washington and Norfolk, nine
from Baltimore, twelve from Philadel-
phia, and fourteen from New York. 1t
is situated at the junction of the Shen-
endoah Valley and Norfolk and West
ern railroads, both trunk lines, and is
easily reached from any section of the
country.
The Roanoke and Southern railroad
Is now being built to this place from
Winston, n. c., and will open up the
trade of the Carolinas to this section
next fall. The Valley branch of the
Baltimore and Ohio runs to Lexington,
IOrpY NILES ulSUduU, dllQ TOuQ ulllHS
the connecting link will be constructed
to Roanoke in short time.
The growth of the city dates from
1882, when the headquarters of the Nor
folk and Western were removed here
from Lynchburg, the Shenandoah Val
lev road was completed, and the Roam
oke Machine Works, employing at pre-
sent 1,7tO hands, was established. Since
then millions Of dollars have flowed
into the city in the establishment of
manufactures and other business enter
prises.
Coal and iron and the rich agricultu-
raj lands of the section have contribu-
ted to tho growth.
Roanoke has sixty-five miles of streets
and eight miles Of street railway inside
the corporate limits. A dummy line
extends to Vinton, a distance of two
miles east, and to Salem, six miles
west. Throughout the city electricity,
in short time, will take the place of
horses as motive power.
The water works are sufficient to fur
nish a city of $4,000 inhabitants. The
supply comes from a pure, cold spring
that gushes from the side OF Mill Noun
tain, and is without equal in any city
in the country 1t is undoubtedly
specific f6r many forms of kidney dis
ease.
Light is furnished by the Gas Com
pany and the Electric Light and Motor
Power Company.
The property valuation, according to
the assessment of this year, is nearly
$1,000 QUO, besides the railroad property
and the Roanoke Machine Works. The
increase in the value of realty was
about S5,000,000 over the previous
assessment Of four years ago; but pres
ent values are many millions in excess
of those given.
There arc four fine hotels-Iiotel Roa-
noke, the Ponce de Leon, the Contincn-
tai, and Hotel Felix-besides number
of smaller ones. All of them are
crowded and constantly turning away
guests.
Roanoke is we'll supplied with
BANKING FACILITIES.
The First National Bank has a cap
ital of 100000, with surplus of
S1O0,OOO; the National Exchange
Bank capital of 100000 the Citizens
National Bank a capital of 500, OUO; the
Commercial National Bank capital OF
100000; the Roanoke Trust, Loan and
Safe Deposit Company capital of
$3.50, 900; the Traders Loan, Trust and
Deposit Company a capital of 500, 900;
the Fidelity Loan and Trust Company
capital of 100000; and several private
banking concerns transact large fnan-
cial business
The Roanoke Machine Works, with a
capital of S5,0OO,0OO, pays out SOS 900
per month in wages to employees. About
$4,000, 900 year is paid in the city for
wages.
Some of the important
MANUFACTURING PLANTS
are as follows:
Roanoke Machine Works IS, 600, 900
West End Iron Co............ 500, 900
Grocer Steel and Iron Co... 100000
American Bridge Works 900 600