Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-02-14
BU0YANT FEELING,
AND ONE THAT HAS NOT BEEN BY
ANY MEANS ePHeMeRAL.
The Continued Upward Tendency OF values
at Newport Ssws-Money for Men
Of Moderate Means.

NEWPORT NEWS. February l3.-The buoy
ant feeling which developed here conse-
quent upon the increase Of the capital
stock Of the ship-building plant and the
determination Of the Chesapeake and Ohio
railway to put blanket mortgage on its
property for the purpose of making needed
improvements 10 accommodate It's IN
creasing traffic was by no means ophem-
eral. Indeed. | have noticed that there
has never been al ephemeral buoyancy
here. T. is q remarkable fact that New
port News partakes more Of an old estab-
lshed community in this respect than OF
new town. IL l. conservative. Her peo-
pie never hurrah before they are out ~
the woods. and as a consequence she never
suffers violent reactions. and the predic-
tons Of her most ssnguipe citizens never
fail Of yerifcation. In al the depression
that overlook the State last winter New
port News held her own, and her growth
was steady and solid, and when the state
ment Is made that new era i dawning
for her II means something moro than
words.
THE UPWARD TENDENCY.
The recent upward tendency Of values
has been continuous, and more queries II
solid character regarding real estate here
have been received IN the last two months
than ever before. The evidence is ac-
cumulating that Newpor; News occupies
as large a share Of the attention of the
SPACIOUS investing world "a any other
| place IN the South. The recent invest
ments OF the Newport News Building Com
pauy aud the North Carolina syndicate IN
| eligible building lots here have started
money - climbing. and when the tide
shall have fully set IN It Will come with
| rush and give tremendous advance 10
| prices.
The man who owns a building lot or lots
| there need have no rear That he VIII ever
regret il. This demand from investors for
| holdings together with the increase OF pop
| ulation will do the work II making his
venture profitable far beyond his highest
| expectations. II any one doubts TINS let
| HIM como here and look over the field.
| He will see that hundreds of new houses
| are an absolute necessity for the immediate
| present and as tO the future-and the not
| very distant tuture-eyery available lot
must be added 10 the residential part of
| the place. Let him remember that the
eight thousand population of Newport
| News is the accTetion of ony decade and
! then ask hiu~e what must be the a'crr-
| ton on this nucleus amid the SOLID enter
prise5 established here aud which ara en-
| largIug their scope for giving employ
| ment.
THREE GREAT MAGSETs.
! Newport News has three great magnets
| for drawing popuiatiOn-a triple touuda-
ton upon which tO build. go % speak. II
| is great ra irOa1 terminus. 10 Is q magnt-
| cent seaport. and 10 Is manufacturing
| place. This j. combination rarely met
| with, as ans one must admit who studies
| the history Of our cities 10 is
a combination that demonstrates beyond
| doubt that n must progress IN the
] matter of increase of wages PAID out
| weekly IN wholesale and retail business,
| i'm taking IN new territory, and IN cover
| ING that TERRITORY with dwellings On which
o. house the people: and that sucn
| property as that owned hy the Richmond
! syndicate / have referred 20 8nd winch Is
| m the line Of an the Improvement, ~ the
| place, such as water-maluS, e.eclric
cars. lights. dc, must reap the first
benefits goes without argument. These
! gentlemen, / understand, are encouraging
| Individual investors. and am glad az u.
| n is the many making money m place
| by Investment that does most 10 help a
| place after ell. There Is money IA Now
| port News n1I only for the capitalist, but
! for the man ol moderate means II he takes
| time by the fOTelOck. and nowhere j. there
! more money IN store for HIM ON small
outlay than ~ the pilat OF beautiful iols
| have alluded 90. Nen have only 10 buV
| here and build. OF If they haven't the
| money % build slt down and wait little
! while in the full assurance that some one
| el .e Will wan these lots 20 build upon and
| Will nav good stlf advance for them
| Those who have the money 10 build must
| sooner or later have these lots, for the SIM
| ple and Logical reason that the population
| must nave places to dwell m.