The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-11-26


A meeting of the board Of directors
of the Roanoke Railway Construction
Company was held last night in the
office of Col. e. 81. Woodrum ON Henry
street for the purpose of developing and
arranging plans to obtain conditional
subscriptions 20 the capital stock of the
construction company.
The meeting was attended Jointly by
the directors of the Roanoke Railway
Construction Company and the real
estate agents of the city. Among those
present, besides the Otflcers and direct
ors OF the construction company, were
James s. Groves, William M. wager, j
h. Wingheld, .. S. Hawkins, Lucien
IL. Cooke, repres enting several land
companies; James s. Simmons, repre-
senting several companies, and others
1t was decided that tho different land
com panies, the industrial companies and
all other Incorporated companies of the
city be looked after by the several real
| estate agencies, who are to have the
different interpretations hold meetings
of their boards Of directors within tie
next few days to ascer tain how much
they Will subscribe to the capital stock
of the construction company
1t ls hoped that at meeting of the
board Of directors to be held next Sat-
urday nigh the requisite amount Of
subscribers will be raised, and it is tho
unanimous opinion of the members of
the board that if the diffenent land
companies, tho corporations, the firms
and the private individuals do their
duty that it can be announced at the
next meeting of the board the new
railroad, or probably two new railroads,
| are assured.
1t Ia an undisputed fact that this
week is the critical period. The next
six days will toll the story. The work
done in this period will decide whether
Roanoke will have a competing and
probably three additional lines of rail
road. The only danger Of failure lies
in over.confdence. 1t has been openly
stated that the directors and in fact
Roanoke must build tho now railroad.
While this is true it is also evident
that it cannot be done unless every
corporation, every business firm and
every citizen who owns dollars worth
of property In tho Magic City is willing
TO lend some assistance.
Every preoaution has been taken by
the managers of the new plan to in sure
that not u dollar of the subscriptions to
the capital stock will have to be paid
until the new railroad is entirely com.
pleted and actually in operation.
Tho liberality of the people of Roa-
noke has never been questioned, and it
is the general belief that the citizens
are equal to any emergency, and when
the necessity for their prompt action in
this matter is shown, then it is believed
the required amount will speedily be
| raised.
The agitation of this matter has al
ready received the widest attention
from the financial world. More than
100 letters have at this time been re-
ceived by Col. r. n Woodruff, the
president, from various parties and COM
panies all over the United States bear
ing out the fact that while the whole
country, and, indeed, the whole civil
lied world, is paralyzed by the financial
depression and the stringency in the
money market, the eyes Of the capital
lists and managers of wealthy syud ica ,es
who have gold to invest arc on the
alert to locate manufacturing site
that has the push and tho energy ia
move ahead on the road towards pre-
gress, enterprise and prosperity, while
tho sister towns are crushed under the
oppressive blight Of collapses of booms
and the general merton Of business
AS has been stated in this article
this week is the crisis; what will be done
must be- done now and it is to be- hoped
that in THE TINES Thanksgiving Mum
Der subscription list to tho capital
stock Of the Roanoke Railway C0nstruc.
tion Company of at least $1,000 will
be published.