Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-02-14
MUST BE MAGICAL.
THE GROWTH or NEWPORT NEWS
lNTHE NEAR FUTURE,
WA. Reciprocity with Brazil WIN DO-A
Geld-sfine in the Way Of
Investment

NEwronx NEWS, February ls.-Nothing
interferes with the go-aheadatiyeness OF
Newport News. All through this horrible
spell OF weather improvements have con-
sinued 10 go on. and when spring shall
have fully opened, there viii, II Is safe to
predict. be an activity in building here
such AZ has mover been witnessed In the
State
II the growth Of Newport News has been
phenomenal in the past It will be, magical
Ia the future; and il Is not going too gar
20 eay that an enormous increase OF values
will take place in the very near future.
Much money has already been made here
by investment in building properties, but
that 10 only the start.
RECIPROCITY WITH BRAZIL.
OF course, the people here are pleased
with Mr.. Blsine's reciprocity treaty with
Brazil, for IN the nature Of things no place
IN tho United States will be more benetted
by than Newport News. Not only must
it enormously increase her shipping, bring
more population here TO handle her aug
mented freights. coming from all points
along the great Chesapeake and ONO sys-
tenn, but prove great factor in furnish
ing work for the ship-yard here. Then, II
the subsidy bin shall pass, no estimate OF
what the development Of the yards work
viii be could prove GA exaggerauon'
PREPkRKD TO BELIEVE II.
When was here some time ago was
told by those in a position TO know where
OF they spoke that the ship-yard was but
an earnest OF what its projectors INTENDED
70 do for Newport News, and am fully
prepared 10 believe il. The truth is that
aside from all other considerations hunt
ington and other capitalists have so mucn
invested here that they must make thelr
enterprise pay. Their venture Is nor IN
the nature of boom, but most suDstal-
tial reality. That is apparent at every
turn.
TER SPREAD OF THE PLACE.
As has been frequently said, nearly all
the available residential property OF ola
Newport News has been built up. Indeed;
am satisfied that some of the residential
portions will ere long have to be torn down
for thepurpOse Of building business blocks.
Along the river and the roads every aVali-
able foot OF ground must be taken up t0r
wharves, and the only way for the place 10
spread is in the direction OF Hampton.
WEIGHING THE SITUATION.
When the situation is weighed, there
fore. one is more and more.struek with the
sagacity Of the gentlemen who organi2ed
the newport NtWbt IuluPtoH 49, -
Point Development Company. These gem
flemen have O gold-mine. That - about
the size of their investment, and am not
surprised TO learn that the stock OF the
company is being rapidly taken up. Ihere
il no danger of the mine working ont, and
ms consequence the sooner the stock IS
purchased and the longer it Is held the
more valuable 1t will become.
BEAUTIFUL SITES.
There is not q site on their property that
il not n valuable one and would not prove
a snug investment. Bnt aside from TINS
every visit one makes here emphasizes the
impression that the company's property Is
an ideal situation for pleasure cottages ana
Villas The financial scheme of the COM
pany is such that il affords men OF mode
rate means an opportunity to acquire
auburban home and watering-place re-
sort for themselves. The stockholders III
the Newport News, Hampton and Old Point
Development Company become interested
in everything that accrues TO the penent
of the company. Ten shares OF STOCK WIN
four lots cost only 5000, and the estimate
of careful and conservative mems THAT the
profjt on this investment will be at the
lowest figure 81 400. This is an enormous
profit. Int when the calculation Is looked
into IL isfound TO be entirely conservative
and based on cOmmOn-sense business
principles. II is not an igneis fdfuas, but
a hard fact. OF this any one can satisfy
himself.
To Richmond men the stock would seem
20 offer especial inducements, for the In
yestment would be, 50 TO speak, right un-
der their eyes, and looking after it would
not involve long journeys.
IL is understood that assoon as the back
bone of winter is we'll broken ground'will
be broken here also for number of MINOR
industries, and that another six months
will find in Newport News a very large
force of skilled wOrkmen who will have TO
be housed. These workmen.wlll demand
for their families not only employment,
but neat, comfortable houses that will
bring good rent. OK THE WING.