Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-04-18
BEAUTIFUL SITES.
valuable Property of the Richmond and
Manchester Land Company.

valuable Property of the Richmond and
Manchester Land Company.
Just on the eastern boundary line of
Manchester and fronting on Petersburg
avenue is another tract of land TO which
the eyes of sagacious investors and those
contemplating building suburban resi-
dences are turned.
This is the property of the Richmond
and Manchester Land Company, which
was incorporated about year ago by the
Circuit Court Of Richmond.
The charter SAYS that the purposes of the
company are among other things: TO
Law off, grade, or construct streets, avenues,
or alleys, or otherwise improve and make
desirable for building purposes such prop
critics as may be acquired, and erect thereon
from time TO time residences, stores, or
other buildings" The property embraces
seventv-four acres, and the work of full fill
ing the purposes mentioned above has
commenced in earnest. The plat has been
Land OFF into $50 lots, varying in width from
3 TO 80 feet, and all running back 100 feet
TO an alley.
THE STREETS.
Streets have been opened up and graded,
and general improvement IS In progress.
The capital stock of the company IS
eighty thousand dollars, but the promise
was readily taken up and that promise has
more than been fulfilled.
NEIGHBoRING INDUSTRIES.
The location is very near what may be
termed the new industrial quarter OF Man
chester-that is, the sites of the johnson
Iron-Works, the Richmond Ice Company's
plant, and property other industries have
In view. Yet at the same time ii is easily
accessible from the older plants OF the city.
IL is indeed medium location for homes
for those engaged at the industries OF both
ouarters-a fact that cannot fail to have
very appreciate influence in making 1t
place of homes.
HIGH PLATEAU.
The property Is high plateau command
inc beautiful view. and insuring pure air
and complete drainage, and the business
affairs of the company are conducted by
n. G. Morton. president; Il. A. Saunders,
vice-president; III. L. Cabell, secretary (;
John Ii. Montague. treasurer, and I. l..
Corey, II. l.. Staples, Il. A. Catlin, A. Il.
Guigon, A. L. Adamson, w. 5. Dashiell, q.
w. Tanner, L. X. Archer, j. l.. Robinson,
and A. j. Bradley, directors. Several OF
the gentlemen composing the directory
have had long experience IN handling real
estate, and are authorities on real-estate
values, and their interest in the enterprise
speaks volumes for 1t as an investment.
INFORMATION.
Information regarding the prices of lots,
contemplated improvements, terms OF sale;
&C., can be obtained from Mr.. II. L.. CabelI
at the company's Richmond Office, No. 925
east Main street also, from the real estate
firms Of A. L. Adamson and A. y. Bradley
4 Co., in Manchester, and II. l.. Staples q
a Co. and Cabell Il Wilson. IN Richmond.
THE coMPASY's POLICY.
The company's policy is TO put the price
Of lots at low figure and encourage the
building of homes by persons OF moderate
means They can do this and still make
good profit on their investment. The en-
terprise is one that recognizes the princi-
pie OF live and let live. II Is one OF the
certainties that within very short period
many more industries will be located in
the neighborhood of the Richmond and
Manchester Land Company's property, and
that lots all around their holdings will take
a rise in price. 1t follows, therefore, that
there could be no better time IN which TO
buy. All the improvements going on in
this quarter both in the city limits and on
outlying holdings will rebound 10 the
benefit OF the owners of lots in the annex
Of the company.
APPROACHES.
The property can be reached by the
Petersburg railroad, the Petersburg turn
pike Petersburg ayenuel, and Maury
street, but. as has been frequently stated,
ali who have studied the properties in this
locality are absolutely certain that street.
car connection with II will soon be establish
ed. There are interests near by that VIII de-
mand the extension Of @anchester-street-
car lines 20 them. and consequently 10 the
property al theeompany.