The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-05-12

The Roanoke Development Company
is living up to the promises of its incep-
ton. 1t declared its purpose to bring
industries to Roanoke which would en-
ploY hundreds OF hands, which would
represent many hundred thousands of
capital, and which would disburse thou
sands of dollars monthly in wages. 1t
is keeping it's promises.
Below is given schedule of its &C
complishments.
The Norwich Lock Manufacturing
Company-3OO hands.
The Duvall Engine Works-1o0 hands.
The Virginia Blanket Mills Company
rs hands.
The Bridgewater Carriage Works
$50 hands.
These are industries already secured,
and the contracts signed Nothing is
conJcctural or qualified by if, aud or
but. Nor must it he supposed that the
Development Company proposes to stop.
1t has only started.
Right on the heels of these grand
achievements plans will be set afoot to
provide the operatives with good COM
Portable houses and to fully develop the
advantages of its magnificent tract of
1900 acres. Remember, this is not a
speculative company, but, as its name
testifies, Development Company.
A reporter for TIE TIMES met Presi-
dent Arthur c. Denniston, of the Roam
oke Development Company, at Hotel
Roanoke last night, and obtained from
him the following interesting interview:
Can you maze any definite state
mont in regard to tho hardware plant?"
Yes; the contract has been closed
and payment made on account of the
purchase of the plant. All the Roam
oke subscribers arc paying up well and
within a few days we shall EXPECT to
have the first call from those subscrib-
ers who have not yet been seen. Tho
plant which has agreed to remove To
Roanoke is the Norwich Lock Manufac-
turing Company, of Norwich, Conn.
which has been in successful operation
for the last twelve years. 1t EMPLOYS
some 800 hands and is under the efii-
cient management of Mr.. Charles Ii.
Beebe, OF Norwich, Conn, who. under
the terms of the contract will remove
to Roanoke and take charge of the en-
terprise here.
Among the gentlemen interested in
the plant in Norwich, who will also be
the largest stockholders of the plant
located in Roanoke, NAV mention
Messrs. i. n. Gibbs, ii. II. Osgood and
Caas. A. Converse. These are all men
OF large means and they will DO the
largest stockholders of the plant here,
which will be called the Norwich Lock
Manufacturing Company of Roanoke,
va. Their association with the enter
prise is of the utmost Importance. The
Roanoke Company purchases the good
Will OF the present company and has the
advantage Of the large business already
built up by that company. | have had
tho plant examined and appraised by
competent expert and his report is in
every way satisfactory. The mi nimuln
capital stock of the Norwich Lock Manu-
facturing Company of Roanoke, Va,
Will be Sa50, 600, all of which has been
subscribed, and it is probable that it
will be increased in the near future to
S4O0,O 900.
The charter for the company has
been applied for, and the following gen
Hemen are the officers and direc tors:
president, Mr.. Arthur C. Deuoiston.
Oh Philadelphia, Pa; vice. president, Dir.
e. G. Pechin, of Roanoke; secretary and
treasurer, Mr.. Charles III. Beebe, of Nor
wieh, Conn. Directors: Messrs. f. N.
Gibbs, II. Il. Osgood. Charles II. Beebe.
of Norwich, Conn: T.. L. Terry, S. w.
JAMESON, James S. Simmons, E.. C.
Pechin and Arlington Gilpin, of Roam
oke, and Mr.. Arthur c. Denniston, of
Philadelphia, Pa.
''The drawings for the buildings have
been in our hands for some DAYS and |
bids base been received. The main |
building will cover a space of 146x2OO |
feet and will be two stories high. An
other building will be ESQ feet long and
GO feet wide. Mr. Charles III. Beebe,
treasurer and general manager OF the
company, will be in Roanoke Thursday
next, and it is probable that the exact
Location of the buildings will be fixed
on that day, the contract closed and
the work begun Immediately. 1t will
be the aim of the company to have its
buildings completed in time to prepare
for the fall trade in Roanoke The
buildings, ii is hops d, will be connie ;cd !