The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-09-06

Land speculation will be slower, but
with the making of legitimate invest.
ments, the bringing in Of new indus.
trles, q new demand will be created for
building sites and land in turn will ad-
vance
''ln Roanoke, if we Tan continue to
oring In new manufc cturies and indus.
tries our progress will be assured. At
present we have industries, which com
petent judges say would support a popu.
lat'on of 10000, yet we are 1000 short
OF that now. Although we have SUI.
fei ed here from the financial depression,
no holder OF good real estate ought -
despair OF selling within six months at
a good price"
Mr.. Boswell submitted the following
resolution, which was adopted:
Resolved, That a committee of five
DC appointed by the chair to prepare and
submit for discussion at the meeting on
the Nth instant programme looking
10 uniform movement OH the part OF
the citizens of this city to secure foreign
!dveStments aid the establishment OF
industries in and afouDd Roanoke"
Mr. IL. D. Browne resented a few re-
marks in regard to Secretary Crounse's
favorable opinion of Roanoke, to the Of.
tect that If he were a young man he
would be strongly tempted to como TO
this city
Chairman Pechin took issue with tho
statement made by Mr.. Clark that tho
turn in the tide of financial affairs in
favor of America was due to Providence.
lie thought it was due to the fact that
Americas resources and wealth had in
creased at an unparalleled rate.
America" he said, has become the
richest country in tho world, its wealth
being estimated at sixty two billie is of
doi ars' against fifty billions for Great
Brilian."
lie reviewed tie financial depression
Of the past year, stating that it was duo
far more to lack Of confidence than 10
the expectation of gold. This gold was
simply temporary loan and will
shortly be coming back into the coun.
try.
The balance of trado in favor of
Amerlca this year on the moving OF the
crops Will be not less than one hundred
and fifty millions of dollars, and this
sum will probably be largely increased.
for Europe really needs two hundred and
eighty million bushels of wheat, and by
using little more corn at homo we can
spare IL.
Locally, the situation is most encour-
aging. Within the past week tho agents
" ooHeral NOrCuern capitalists hau
called on him personally and stated that
koanoke's financial strength and stead
fastness during the recent depression
had attracted attention all over tho
North, and that very shortly n strong
tide Of investment would turn iowa d
81 lthwest Virginia and center around
Roanoke"
Mr.. j. c. Rawn spoke encouragingly,
aud stated that he was receipt Of letters
from ono of the strongest financial
center' in the country and from people
thoroughly capable Of judging, to the
effect that the country was about to
ent upon year of unparalleled pros
perJy.
DR.. A. Parsons spoke of the i'm
preston which Roanoke had made in
Washington, which he regarded as tho
best jutg. Of realty values in the
country, and said that Washington
would, in timo, invest as .ronrly in
and around Ro: ,okc, as philadelphi,
had. 1t bad already received due aG-
vertising Id the Missionary work had
been done.
Pre-" dent pechin announced the sub
ject Of Street Paving" for i. ext Satur.
day night, tee address on which will be
delivered by Mr. J. C. Rawn, and tho
meeting then adjourned.