The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-05-14

The advertisements of trustee sales
in the papers OF Roanoke have ELECTED
unfavorable comment among those
who envy the substantial growth of
Southwest Virginia's metropolis. and
perhaps, among others who are not we'll
acquainted with the situation here.
1t is trne that quito a number of
advertisements of sales of property
have appeared, but there has been a
remarkably small number Of forced
sales.
During 1890 there were nearly 5000
transfers of real estate recorded in the
Office of the Clerk of the Hastings Court
of th8 city. In the greater part of
these sales there was cash payment of
oIfe-third and decd of trust given to
secure the subsequent payments in one
and two years. About 5000 deeds of
trust were recorded.
The second payments on Largo pro-
portion Of these tranSac tions have fallen
due since the 1st of January. Since
that time 400 deeds of bargain and
sale have been filed for record, and of
this number only fifteen were made by
trustees.
The gentlemen who have been trustees
in these transactions, considering the
large number of deeds of trust and the
closeness of money throughout the
country, say that is remarkable that
there have been so few forced sales of
property.
y TIMES reporter talked with many of
these gentlemen yesterday with the fol-
lowing result:
S. w. .Iamison, secretary and treas
urcr Of the Roanoke Trust, Loan and
Safe Deposit Company: Il have been IL
trustee in several hundred transactions
! have advertised not more than one in
hundred, and not more than one in ten
of these have come to sale, the others
being arranged before the maturity of
the advertisements. In the few cases
where sales have been made there has
been no depreciation in the value of
property"
Ill. 5. Trout, president of tho First
National Bank: Il have not advertised
for sale in one in a hundred of the cases
in which am trustee, and sales have
been mado in very few Of those that
have been advertised, and the price Of
the property keeps up"
j. w. Jamison, secretary Of the FL
deity Loan and Trust Company: 81
am trustee in 4 large number of tran
sactions, and have advertised but one
piece of property, and that was not
sold
Robert T.. Scott: 81 have lived in
Roanoke nine years and have been
trustee in as many transactions as any
man in town. l have sold only one
piece of property under the hammer"
w. p. Dupuy, Of Dupuy IL Taliaferro.
leading real estate firm: ''Of all our
transactions last year only two lots
have been advertised and only one OF
them was sold "
III. Nj. Daniel: 81 am trustee in 779
deeds, have advertised four and sold
one piece OF property"
j. w. Boswell: 81 am trustee in over
SOC cases, have advcstised 20, and sold
three"
Il. II. Gray: 81 am trustee in about
1000 transactions, have advertised
twenty and sold three
w. IL. Tinsley: 81 am trustee in so
cases, have advertised one which was
arranged before the date of sale"
II. Chapman: II am trustee in so
deeds, and have not had occasion to
advertise single sale"
Jas. S. Simmons is trustee in several
hundred cases. He has sold but one
piece of property under the hammer
and that sold for double the amount of
the original purchase price.
j. +. Davenport, cashier of the Com
mercial National Bank, is trustee in
large number of transactions and has
advertised only two sales, both of which
were settled before the date of the sale.
THE GEORGE COLVIN GANG.