Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1891-05-15
FRIDAY MORNING. MAY is, 1891.
STAUNTON'S FIRST SALE.

STAUNION1S FIRST SALE.
Staunton will make her first offer to the
public on June I'd and Sd. 1t is true that
the land offered belongs to the Staunton
Development Company; it is also true that
the labor Of months in erecting industries
upon it to make it valuable has been done
by that company, but the sale is a thing in
which every citizen OF Staunton and Au-
gusta county has personal interest. 1t is
StauntOn' S offer to the world; her streets
run into the property; her street cars will
run through it; her electric lamps light a
good portion of it; the children of those
who live on it will come to her schools and
their parents will come to her churches and
stores; her corporation line runs along it
and sometimes overlaps it. 1t is in fact, If
not in name, East Staunton.
1t is also Augustus offer. Every farmer
who raises grain or beef has Il deep, per
sonll interest in this new town of East
Statnton. 1t is already dotted with fac
tories. Before this summer closes there
will be workmen plying their trade there
whose families will consume annually eight
thousand barrels of Augusta county -four,
and meat in proportion. 1t is virtually a
new market for Augusta county farmers.
Long before these factories have turned a
wheel, the workmen engaged building them
have made 4 market for two thousand more
barrels of Augusta -four. On the principle
that man should spend his money Wherehe
makes his money, our Augusta people
IL into
There should be as many Augusta county
BUYERS here on J une I'd as there are buyers
from the whole country beside. 1t is a
good nOn-faiiing real estate bank in which
to put accumulations. Will it pay to in
vest there Let us look into that for if it
does not pay that is the end of it. There
is not a piece of real estate in OF around
Staunton, including East Staunton, which
can he bought to-day for what it could
have been last year Lefore the StauntOn
Development Co. bought it's new site. Why
is this? Because every man can see that
where industries calling wage-earners to-
gether are established, there the ground
rises in price and steadily rises. This
company said 1T would put the hives Oh its
land to gather these wage-earners on it and
it has kept its word. Yet more, it has only
begun; for in the year now passing more
industries will be located there. Take an
example of what the industries already To-
Gated have done in the way of increasing
yalues-an example only three weeks
old. Ten acres on the Eastern suburbs of
Staunton which could have been bought
five years ago for certainly $500 an acre,
WAS sold at $1,000, and is now held at a
much higher figure than that. Why is
this? No factories are to be established on
this piece of ground; nobody thinks of doing
so. | t is because in the East Staunton of the
Staunton Development Co., industries have
been located which will bring larger pop
ulation and give real estate in every direc-
ton higher value. The same rule applies
to the land which is to be offered on June
ID, save that the prices will be lower.
The lots sold will he good Investments to
be held for an advance. The writer has
visited and inspected every new town i'll
this section, and some Of them often, but i'll
none of them does he know of lots which
have been bought and paid for ever being
sold except at an advance in price. We
want to see our Augusta people generally
at the sale in June. A large number OF
them have invested in the new towns
around here and every one made money
some of them that we can think of have
made sums that might lie called comforta-
Die Little fortunes. If that could be done
in these towns, Why can't even more be
done at Staunton. Here it is impossible
that any disaster can ever occur which
Shall PROSTATE an enterprise. And just
here, on this line, we give a letter from
President M. E. ingalls, OF the Chesapeake
d Ohio Ry., who was in Staunton Oh Sat
Hrday last and rode over the new East
Staunton with Mr.. Miller, the President
OF the Staunton Development Company:
On G. & o. ROAD, May 9, 1891
Mr.. Thos p. Grasty, iStaatnton, w.:
Dear Sir In answer to your question as to
what think of Staunton and its future, am
glad to say that there cannot be any question
about its future. All of the new towns in
Virginia are doing well, but, even if misfor-
tune should oyertale them, Staunton would
be safe because it has large city and accu-
mulated wealth to rely upon. 1t is the me-
trOp0lis of the Virginia Valley, and the adj
ditions that are being made only put it in the
place where il belongs and where it should
have been years ago. 1t is also fortunate in
having IN charge of its Development Compa-
ny one Of its own citizens, Mr.. NJ. Erskine
Miller, who has the confidence of his own
people and of parties abroad. 1t may not be
quick boom, but it seems to me it is a safe
and permanent one.
Very truly Yours,
(Signed) NJ. E. INGALLS,,
President.
An investment at Staunton is one that