Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-07-31
GRATIFIED PEOPLE.
A aEvIEw or Mr.. EpMoNps's LETTER
ON NEWPORT NEWS
What his Array Of Facts and Figures
Prove Regarding That
New City.

NEWPORT News. July 90.-The people Of
Newport News were very much gratifed
ct the letter on the commercial advantages
of their city published in tho DISPATCH of
last Tuesday. Our people, like the people
Of all new towns, have been accused OF
Dragging. but the emphatic endorsement
given to all they have claimed by so emf
nent and cautions statis.ician as Mr.. Ed
monds. recently editor of the Manufdctt'-
rers' Record. demonstrates that their enthu-
siasm and confidence have not gotten the
better OF their judgment.
Dir. Edmonds presents facts aud figures
that cannot be gotten around, and no man
can study them without arriving at the
conviction that the development OF New
port News. rapiG aud phenomenal as 1t has
been. is yet in its infancy.
And having arrived at that conviction,
the second conviction follows. IL IS that
Investments here are not only absolutely
secure, but the possibilities OF the amount
to me realized are far beyond the expecta-
tons Of the most sanguine.
INFLUX OF POPULATION.
Mr.. Edmonds's concise, clear. yet COM
prehensiye presentation Of the situation
renders IL unquestIoned that Newport
NEWS MUST DtCOub, hUl luats lVOs 00 u
rapid rate, great centre of populatlon-a
population composed of splendid ele-
ment-a staying, permanent population,
contributing TO the upbuidlng OF the
place by creating demand for houses and
all those social institutions that make a
great commercial and manufacturing city.
The logic of the future as inevitably indi-
Gated BY the plain. unYarnished exposi-
ton of Mr. Edmonds is that Newport
News Is TO be not only the great port, but
the great ship-buildlng point or the At
lantlc coast.
But THAT NOT ALL.
Mr.. Edmonds accentuates the fact that
it is certain the entire country between
Old Point, through Newport News to
Hampton, will be closely built up in the
near future. | have endsayored to I'M
press this point frequently in my letters.
The entire distance Is now already q
scattering town, save few blank spaces.
and all that IS needed TO build up these
blank spaces has been inaugurated. The
electric line, which is to bind these three
points, is an assured fact and Will be COM
pleted by the 18th of October.
FORTUNE IN HOLDINGS.
Now if values have advanced steadily
as there IS no question they haYe-ln tho
plateau between Newport News and Hamp-
will they advance when this line shall
have brought not only Hampton and New
port News, but Old Point as well to tho
very doors of the people who may build IN
that plateau Is 1t painting things In
roseate hues TO say that there is q
fortune in holdings in this property ?
Values have made rapid strides IN this
quarter ever since tho completion OF the
electric line was assured, accompanied by
an active demand for lots.
This particular territory must by the COM
pletlon OF tho line become the principal
residential part OF Newport News. 1t Will
be far enough from the rush ofbuslness, the
noise of the titanic machinery OF tho ship
yards. the cOmmOtion on tho dock, the
shifting Of trains, 10 be perfectly quiet but
near enough to DO accessible IN few mo-
ments TO oil these points.
QUICK ABSORPTION.
| look, and | am not singular in 80 do
ing, for q rapid absorption of every foot
of this property before the electric-llne
connection IS completed. 10 cannot be
otherwise in the nature Of things. And 1t
will not be the absorption of speculation.
Ii will be the absorption by individuals,
each buyer putting up the price OF sur
rounding property. each new building en-
HANGING its value of every foot of land
contiguous TO it. The people of Newport
News must have these lots sooner or later.
The LOIS must be an integral part OF the
city. That is unavoidable; that is ne
cessity, and purchasers now VIII lneyi-
tally realize tremendous per cent.
whether they buy to build or for the pur-
pose of holding as an investment.
Mr.. KDMoSDs PROVES IT.
think a study of Mr.. Edmondss admi-
rable letter by any man of common-sense
proves this and all / have previously said
regarding Newport News and its prospects.
I:think a study of his letter will prove that
there is no place in the country where one
is more certain Of reapins large profits on
q small Investment.
In nv last letter I referred TO some oil
the new public buildings ~ progress here.
/ want 10 impress tho fact that these build.
ings are city, not town, buildings, and are
absolutely demanded by the progress OF
the place from business, industrial, and