The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-12-29

will come on the Same terms. Nothing
could better illustrate the advantages
Roanoke possesses as manufacturing
point.
The list ofindustries located on or in
the immediate vicinity of your com.
pany's property, including the furnace
and mills of tho Roanoke Iron Com.
pany, is now therefore as follows 1.-THE
list giving in each case the capital and
hands to be employed):
Norwich Lock Mfg. Co., of "S
Roanoke. Va. ..........$ a5o,UOO 300
Duval Engine Company G0'OOO In
Bridgcwater Carriage Co dJOOO 1OO
Roanoke Iron Co. T5OOOO
Rolling Min ana Plate ''''' loO
eastman Iron COMPANY 9u0O *
sl,2aT,OOO 1,Ol5
The capital is in each case the ac-
tual cash capital available, whether
represented by stock or bonds, and the
estimate of hands to be employed is, it
is'believed, conservative. OF these in
dustries the furnace is now in operation
and the rolling mill and plato mill of
the Roanoke Iron Company will Begin
operations in January next. The Nor
witch Lock Manufacturing Company, of
Roanoke, Va, and tho Duval Engine
Company and the Cushman Iron Com
pany, as already stated, have their
buildings completed and q largo part of
their machinery in place. They are
ready to begin work the moment the
belt line of the Norfolk and Western
railroad is finished to their shops, which
Will be in about two weeks. The build
ings of the Bridgewater Carriage Com
pany arc we'll under way, and the COM
pany will begin it's operations, as
already stated next March.
To all the above industries, EMPLOY
ing q capital of Sl,297. OO0 your com
Pany has contributed only S1I5,
being less than one tenth Of the total
| capital. Tho sites of these industries,
as will be seen from the accompanying
map, could not have been better chosen
had the only object in view boon the
enhancement In value of the property
of your company.
The work of building houses for tho
employees of these many industries has
already begun. There are now in the
course of erection on your property
nineteen residences, one store and one
large building designed for stores and
boarders In addition, thirty-five houses
and another largo building designed for
| stores and boarders will soon be in the
course OF construction by parties who
have bought under agreements to i'm
| prove.
The aggregate sale of lots to date
amounts to SlS,9iO. Tho greater part
OF these lots have boon sold at reduced
prices in consideration of immediate
improvement. Some, however, have
been purchased for investment merely.
The lots sold have brought your com
paDy from $500 to $3.50 each. or an
average or $500 per acre sold.
| 1t Will thus be seen that in the first
year OF your company's existence much
has been accomplished. Notwithstand-
ing the financial depression that has
| everywhere prevailed, your company
amply justified tie spirit of confidence
which has been shown in tho develop
ment of the property.
Your directors believe that the work
already done assures the success of the
enterprise. With manufacturing plants
established employing over thousand
hands, the aggregate capital of which
amounts TO about one and quarter
million dollars, there can be no oues-
tlon that the number of people who will
settle in The immediate vicinity of the
works Will reach 5000 as soon as
the houses necessary for their &C.
commodation can be built. All
familiar with the loca ton will recognize
that " u company's property moro than
any other will benefit by this access of
population, for the reason that it is so
situated as to form the natural center
OF development for the west end of Roa-
noke, and improvements, whether in
the way OF manufacturing plants or
houses, that are erected on the ad Join.
A,1 Ill ~.
of your company's lands. This result is
contributed to by the fact that Roanoke
avenue, which runs almost dire city
east and west through the entire
length OF tho property, is the natural
thoroughfare OF this section.
AS shown in the early part OF this re-
port, Roanoke has grown to its present
size OF over 23, 900 inhabitants. based on
industries more important than these
already established on or near your
company's property. To any careful
observer OF what is now going forward,
1T must be obvious that Roanoke is on
the eve OF an industrial development
such as she has never seen. The town
has as yet barely felt tho influence OF
the many new industries that are about
to go in operation in the new industrial
center at the west end. The Roanoke
~ oouIhorh raiiroau VIII, lnSlue OF Two
months, begin running its trains into
the city, and section OF country rich
in iron ores, timber, and all natural re-
sources. will thus be opened up. and
direct line secured connecting Roanoke
with the Richmond e Danville and Yad-
kin Valley Systems. thus furnishing
new through connections with the AL.
lantic seaboard
as indicative OF the confidence that is
placed in Roanoke, IL NAY be stated