The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-06-24
ROANOKE THE MAGIC CITY.
The Story of Its Growth Boiled
Down.
is Stlu MISUNDERSTANDING the
Close Money Market 81 IL, 200, 600 in I'm
provements Already In Sight---Tho
Population, Industries and Advant-
ages of the Wonder of tho Valley.

Roanoke has population of over22,-
900. Its citizens are from nearly every
State in the Union. Eight years ago it
had GOO people. It's growth at present
is on more solid basis and moro 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 a 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. 1t
is situated at the junction of the Shen-
andoah 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 tho
Baltimore and Ohio runs to Lexington,
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 hero
from Lynchburg, the Shenandoah Val
ley road was completed, and the Roam
oke Machine Works, employing at pre-
sent ~, 0 hands was established. Since
then millions Of dollars have flowed
into the city in the establishment of
manufactures and other business enter
prises.
Coal and iron and the rich agricultu-
ted to the growth.
Roanoke has sixty five miles of streets
and eight miles Of street railway inside
the corporate limits. A dummy line
extends to Vinton, 4 distance of two
miles east, and to Salem, six miles
west. Throughout the city electricity,
in q short time, will take tho place of
horses as motive power.
The water works are sufficient to fur
nish 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. 1t is undoubtedly a
specific for many forms of kidney dis
ease.
Light is furnished by the Gas Com
pany and the Electric Light and Motor
Power Company.
The property valuation, according to
the assessment of this year, is nearly
100000 besides the railroad property
and the Roanoke Machine Works. Tho
Increase in the value of realty was
about S5,00O,OO0 over the previous
assessment of four years ago; but pres
n1,,r,
of those given.
There are four fine hotels-Hotel Roa-
noke, the Ponce dc Leon, the Continen-
tai, and Hotel FeliX-besides n number
of smaller ones. All of them are
crowded and constantly turning away
guests.
Roanoke is we'll supplied with
BANKING FACILITIES
The First National Bank has cap
ital of 100000, with Il surplus of
100000; tho National Exchange
Bank capital of 100000; the Citizens
National Bank a capital of 500, 600; the
Commercial National Bank Il capital of
100000 the Roanoke Trust, Loan and
Safe Deposit Company capital of
e250,000; the Traders Loan, Trust and
Deposit Company capital Of 100000;
the Fidelity Loan and Trust Company
capital of 5000 900; and several private
banking concerns transact large finan-
cial business.
The Roanoke Machine Works, with q
capital of SIS, 600, 900, pays out SOS 900
per month in wages to employees. About
$5,000,000 year is paid in the city for
wages.
Some of the important
- MANUFACTURING PLANTS
S4Aa a follows: