The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-06-20
ROANOKE THE MAGIC CITY.
The Story of Its Growth Boiled
Down..
what Roanoke Has Done and What She
is Still Observation-Disclosures the
Close Money Market s1O,O0O,OOo in I'm
provements Already In sight---The
Population, Industries and Advant-
h ages of the Wonder of the Valley.

Roanoke has popu lation of over22,
900. It's citizens are from nearly every
\ State in the Union. Eight years ago it
{ had 600 people. Its growth at present
Is on more solid basis and more rapid
than ever before in its history.
Roanoke is located at the junction of
the Shenandoah and Roanoke valleys.
Its altitude is 9O7 feet and it is sur
rounded by rich agricultural and min
eral country.
Roanoke is distant just eight hours
ride from Washington and Norfolk, nine
from Baltimore, twelve from Philadel-
phia, and fourteen from New York. It
is situated at the junction of the Shen-
sndoah Valley and Norfolk and West
ern railroads, both trunk lines, and is
easily reached from any section Of the
country.
The Roanoke and Southern railroad
is now being built to this place from
Winston, n. c., and will open up the
trade of the Carolinas to this section
next fall. The Valley branch of the
Baltimore and Ohio runs to Lexington,
forty miles distant, and road filling
the connecting link will be constructed
to Roanoke in short time.
The growth of the city dates from
1882, when the headquarters of the Nor
folk and Western were removed here
from Lynchburg, the Shenandoah Val
ley road was completed, and the Roam
oke Machine Works, employing at pre-
sent Ito hands, was established. Since
then millions of dollars nave flowed
into the city in the establishment of
manufactures and other business enter
prises.
Coal and iron and the rich agricultu-
raj lands of the section have contribu-
ted to the growth.
Roanoke has sixty-ive miles of streets
and eight miles of street railway inside
& the corporate limits A dummy line
extends to Vinton, distance of two
miles east, and to Salem, six miles
west. Throughout the city electricity,
in a short time, will take the place of
horses as motive power.
The water works are sufficient to fur
nish a city of $4,000 inhabitants. The
supply comes from a pure, cold spring
that gushes from the side of Mill Noun
tain, and is without equal in any city
in the country. It is undoubtedly a
specific for many forms of kidney dis
7 ease.
Light is furnished by tho Gas Com
pany and the Electric Light and Motor
Power Company.
The property valuation, according to
the assessment of this year, is nearly
$4,000, 600, besides the railroad property
and the Roanoke Machine Works. Tho
increase in the value of realty was
about S5,O00,000 over the previous
assessment of four years ago; but pres
ent values are many millions in excess
of those given.
There are four fine hotels-Hotel Roa-
noke, the Ponce de Leon, the Continen-
tai, and Hotel Felix-besides a number
of smaller ones All of them are
crowded and constantly turning away
guests.
q Roanoke is well supplied with
BANKING FACILITIES.
The First National Bank has a cap
ital OF 100000, with surplus of
100000; the National Exchange
Bank capital of 500, 900; the Citizens
National Bank a capital of 500, OO0; the
Commercial National Bank capital of
100000; the Roanoke Trust, Loan and
q Safe Deposit Company capital Of
T $3.50, 000;. the Traders Loan, Trust and
Deposit Company capital of 500. 900;
the Fidelity Loan and Trust Company
capital of 100000; and several private
banking concerns transact a large finan-
cial business.
The Roanoke Machine Works, with a
capital of S5,000,000, pays out SOS, 900
per month in wages to employees. About
$s,00o,o0O year is paid in the city for
wages.
Some of the important
MANUFACTURING PLANTS