Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-05-15
CASES OF Split MILK.
BUT SOME OF THE PARTIES HAVE
PROFiTeD eY THEIR EXPERIENCE.
a Suggestion from Richmond Mao Re-
garding Newport Nsws-Whas
Has Been VIII 30 Again.

Nxwrosr News, May f4.-Said q pronii-
nent businessman OF Richmond to me a
few days ago: :" II / had invested here ut
Newport News the money put elsewhere
in land ventures I would have made $780,
900 clear within very short time" This
gentleman was not crying over split milk.
He is not that sort OF man, rs every one
would recognize were at liberty to men,
ton his name. He was simply stating n
hard business fact and had the figures aud
could point out the lots here to sustain ms
assertion. What is more. the amount he
invested elsewhere was not large. IL was
what q conservative nan felt he was Justi-
fed in risking out OF surplus without
leopardizing bis business. lie has not q
dollars interest in Newport News, except
that he is engaged in furnishing interior
modern fittings for block OF new houses
beng completed here.
Aud this is not the only instance can
point out of men WHO realize what might
have been. There was a class OF men who
did not invest here because they thought
Newport News was going ahead too last.
Now they see that the lots they refused to
take have made Others rich and are des-
tined 10 make them richer, and that the
place is not going ahead fast enough to
meet the demand for new houses.
MARVELLOUS IMPROVEMENT.
People who take look over the place
and do not come back for month tell me
citizens here that marvellous improvement
has taken place during their absence.
They tell the truth, yet 1t is a physical I'M
possibility TO improve as rapidly as the ex-
agencies of the case demand. The mechan-
zeal classes here are driven to the top OF
their speed. l speak now of the mechani-
cal classes engaged in building and IN mu-
nicipal improvements, and capital IS I'M
patient over what cannot be reinedied.
All this points to the fact that what has
been will be again. The golden harvest OF
Newports News has not been gathered Dy
any means. IL is a harvest thatls continu-
ally ripening.
ILLUSTRATION.
Let me illustrate: The lots on which
my Richmond friend could have made
| $50. 000-and which have made more than
that for their Owpers-are In q compare
lively settled portion Of the city. For the
same amount, or little advance on H.
lots more desirable can be bought In the
plateau between Newport News ana lamp
| ton, which IL destined 20 go through the
same experience Of the lots first referred
| TO. The plateau plat is in the course OF the
| onward sweep of the city. IL would be a.
| impossible to stay the sweep Of change
| its direction as TO turn backward the cur
| rent of james river The location is beng
embraced with private Improvements and
investments which daily enhance It's value
and through 1t must run oil munlclpal I'm,
proyements, unless all rules OF municipal
| engineering and all rules of common-sense
are violated. In short, the PLAIN de-
| duction is that the percentage OF increase
in the value of these lots will be greater
than on the property the Richmond man
spoke of, and notice that some OF tht
parties who failed TO take advantage OF the
harvest in the older field have protited by
| their experience after all.
ANOTHER CONSIDERATION.
Another consideration that is not beng
| lost sight of is that the plateau ls going u
| be the =" west endn os Newport News. 60
| to speak. AS Newport News has increased
| the character of houses has improved.
| Builders are putting into the many new
residences now going up all the modern
conveniences. and this is a potent agency
| in sending up the value OF adjacent pro-
perty. ,
| Newport News is going TO return the
visit Richmond paid her at the launching
| of m Sud. She will send up large num-
| Der of visitors both to the State conyen.
| ton and 10 the unwilling OF the hill
statue. The Huntington Rifles Will at
| tend the last named and are preparing e
make a good show. Along the dock;
everything is on the drive, and the mum
Der of strangers visiting the place IN
creases weekly. Some come as a mere mat
| ter of curiosity but the vast majority
represent capital. However, Newport
News has passed that stage wher
tbe arrival of capitalist produces
a furry. The people are energetic anc
have an eve TO business, but there Is not
the feverish anxiety TO sell that marks
| n speculative town. Realty has here
| solid value-it is surrounded by every con
dition TO make it's value solid and the
people know it. Newport News has never
suffered that reaction that has forced
property on the market and owners know
that in every instance the longer they hole
the more profit they will realize. Property
transactions here are. as rule, for the pur
pose of turning over money, not Tor TN
purpose of getting out. There is many
| man in Newport News who has bought
| sold. and then bought further out, a
| The expression is, until he has quadruple'
| his original investment.