The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1892-03-22

city on the financial and industrial stu.
alton Ill Roanoke and Southwest Vlr-
ginia. Their unanimous verdict was:
''The signs Of the times are very encour-
aging"
This was no meaningless assertion on
their part. Their intimate acquaintance
with the financial needs and resources
OF the various agencies employed in tho
industrial development and progress of
this section qualities them to speak ad-
visedly. They are mon of recognized
high character and business ability who
have never been charged with giving a
rose coloring to gloomy picture.
When they said that the fnan out
look for this part OF the Old Dominion
was bright and Frightening thew
uttered the simple truth. or all men
they are in position to speak with
authority on this and kindred subjects.
Ihey are, the source from which the
railroads, merchants, manufacturers and
spectators draw supplies.
The bankers of Roanoke, who, in
large measure. hold the key to the
financial situation in this, the most
progressive and prosperous section of
Virginia, are noted for their conserya-
tlsm. The brilliant success Of the con.
Germs entrusted to their management
attest this, and their utterances on any
SUBJECT involving the money supply Of
the community are entitled to the hiph.
est credit.
The fact that notes held by tho banks
for money advanced are being paid Mt
maturity is the strongest proof possible
that money Is becoming moro plentiful
One bank, on the 10th instant, did not
have single past due discount note in
it's vaults, and tho others showed q rec
ord scarcely less encouraging.
With the disappearance Of the finan-
cial stringencY, which has hindered
developments and business operations
generally, will come general revival
of business. That Roanoke is entering
upon an era OF improvement and pros
perity, there can be no reasonable
doubt
a representative of THE TINES con-
versed with large number of business
men yesterday and they, like the bank
ers, with one accord, testified that the
business outlook was very encouraging
and they based their reasons for so de-
claring on tho increased activity in their
several departments of trade.
g. Y. Tuggle, builder and contrac-
tor, said that while but few people were
now awarding contracts for buildings of
any kind, thero was n largo and most
gratifying increase of inquiries for
plans and estimates. In the last ninety
days he had, upon invitati furnished
estimates which would involve an out.
~ of $4,000. A large number Of these
quirers were not ready to award con-
cts at present, but they were prepar-
10 do so in the early future. He be-
g the spring, summer and fall will
Nir1ass great building boom in Roa-
uoEe Salem, Radford and other towns
ih SOU Invest Virginia.
! = Pollard, an architect and builder,
lad no cause to complain of the scarcity
OF work or inquiries for plans and esti-
mates. He has just completed hand
some residence for Joseph w. Coke,
auditor Of the Norfolk and Western
railroad, at cost of about $4,000, and
as soon as the weather opened up he
beloved that work in his line would be
plentiful. Inquiries developed tho fact
that owners of lots contemplated build
ing. and their anxiety to get good plans
and conservative estimates shows pre-.
paration to do so.
Capt. T. G. Oakley recently closed
contracts for the erection of four hand
some residences, and has prepared plans
and estimates for two fine brick addi-
tions to Allegheny Institute. Numer-
GUS inquiries from other sources in
dictate, in his opinion, building boom.
w. d. " il. Blair, DR., are erecting
twenty. one residences to cost 500, 900.
Thirteen OF these are in Rorer Park, in
the very center of the residential DOR
ton OF tho city.
The New York Building and Invest
ment Company las completed thirty
four cottages in Siberts Valley, on the
mort h side of Roanoke river, and on last
Monday began the erection of sixty
eight other residences
The New York building and Improve
ment Company is building on the Roa-
noke Development Company's land a
large twenty fourroom boarding house,
and contracts will soon be awarded for
fourteen residences.
The Bridgewater Carriage Works
buildings are finished and nearly all
the machinery placed in them. The
company will begin the manufacture of
vehicles in about two weeks. employing
at the start about seventy-five men.
The Academy of Music will be
fastened to completion and will cost
from 100000 to $50, 1000.
The Terry building, the finest bust
ness block in Virginia, will be finished
in two months at cost OF nearly
$4,000.
The new building of tho Virginia
Brewing Company will cost $4,000
There are numerous other buildings
under contract, aud many in course Of
erection. but TO mention them in detail
would require more space than TIE
TINES can devote to this purpose in q
single issue.
The Roanoke Machine Works Nor.
wicn Lock Works, American Bridge aud
from Works VIRGINIA Hrawnrc Cusi,.