Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-06-26
STILL EXPANDING.
EXPERIENCE OF THOSE WHO W.T.
MESSED LAUNCHING OF e. NoRre.
Sanguine Dreams surpassed--ln-
vcssment Hints

NEWPORT NEws, juno 25.-Ths expert
ence of tho launching Of Ell Norto was
similar TO that attendant upon all pre-
vious excursions to Newport News Those
who had never been here before were as
tonished at tho evidences Of progress and
the magnitude of tho enterprises. Those
who had been here before could hardly be-
liovo the evidence OF their senses a. re-
CARDS the development since their last
visit. The simple tact is that the expan-
sion here is something marvellous, and
that ia not oil. 1t is destined to be still
moro marvellous-it IS going along In all
lines. and still IL is not adequate to the
demands OF the situation.
COMMON occuRRrscH.
The launching of III Sud and III Norte
were events but the day is not far dis
tant when launchings will be such CON-
mon occurrence that they will hardly at
tract attention. Az tremendous as are
these ship-yards force constituting
large town in itself--they are yet in their
infancy. and the fact IL recognized that
the Newport News of to-day is but the nu-
cieus OF what II Is TO be ia wealth and
population at no distant day.
In recent letter | noted that another
land company. composed exclusively OF
northern capitalists. had been organized
here. And this, learn, - but :" starter
IN the way OF taking up property here.
The evidences accumulate daily tina. 1t is
only question OF months when land ~
going TO be one of the scarciest things
about Newport News. Daily the fact is
forcing Itself upon capitalists that there
IS gong to be demand here for
every foot Of living room" in striking
distance Of the place. and while values are
advancing steadily and have continued to
advance all during the depression that ex-
listed throughout the rest OF the State the
time ls imminent when they are gong for
ward With bound and rush. 1t Will
not, however, lie a speculative bound and
rush, but one that when 1t reaches high
tide will STAY there, for the reason that the
population that is coming IN will be COM
PEELED TO have houses on the land to shell
ter them.
SURPASSED MOST sASGUINE DREAMS.
The Newpor. News of to-day has alre ,dy
surpassed the most sangune dreams OF
many VINO took the initial steps of its
foundation. Yet there is not a chapter IN
the history of its progress and prosperity
that is not logical. Had these founders
been able TO look ten years ahead they
would have mapped ont much larger
space for the business and industrial CEN
as consequence this centre is en-
croaching on the residential section. with
the effect of pushing the residential areas
out upon the suburbs and making big
money for the owners of the latter. And
this process of increasing suburha values,
particularly in the plateau between New
port News and Hampton, must be con-
tinuous one. As the companies holding IN
this plateau prefer selling to individuals
aud holdings here must realize before and
faster than III newlV-taken-up plats. II
follows that this plateau offers the
field fol-. Investment for small capitalists.
1t IL upon this beautiful plat that the
pressure Of building operations, now
driven TO their utmost. is being felt from
both directions, and it is in lots here that
money is going to be turned over, and. In
deed has been turned over with great ra-
pidity. The owners of property located IN
the HamptOn-Ne Sport News stretch, or
those who may become owners OF property
in it must be benefited by every new
brick that ia laid and every investment,
large or small, made in or about the place.
1t is to the interest of all the owners else
where that this property be settled up IN
order that the demand NAV reach them
sooner. The plateau Is, in short, the coisne
of vantage.