The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-02-09
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dinners Point the Northern terminus OF
This road, or above the navy-yard, on
tpe property of the Portsmouth company
available for that purpose, The obsta-
ole in the way Of the purchase of the
Swimming Point flats has been the high
price for the property desired It was
said 1t would require aearly $500. 900 to
secure this property, and no matter how
aeslraoie the location might have been
|1C WAS hard to demonstrate to the CAPT
taiists that the cotton movement Of this
pore would justify the expenditure Of
this amount Of money in the purchase
OF property, not to mention the cost OF
tne erection OF warehouses. construction
" uocks, etc. me needed Land can be
secured It Plnner'S Point Port Norfolk
or above the naVy-yard for doubtless
one-1fth OF this sum, while not so con-
Venient for the business men would he
just as available for the purpose Of un-
loading cotton from cars. COMPRISING
center Of the harbor -
Inen there Is the magnificent property
OF the portsmouth company, COMPOSED
OF 1000 acres Of land extending from the
nay y=yard to 1iiffnerton; tf1re e mics of
water front. that can be easily be
brought into a busy hive of industry by
the building Of this line, as it's branch
TRACKS can be extended, and the powder
magazine OF the Government, now near
ing completion, would be an induce
ment for extending i branch track to
these works.
The Norfolk and Western railroad has
been the means of establishing q dozen
Or more industries on the Berkeley side
OF the river, while this property has lain
dormant for years, simply because man
utacturlng concerns locating, as they de-
sired on the water. could not secure rail
facilities for shipping.
Inc location Of the repair car shops
Will IN all probability be on the prop
erty purchased from Judge l.. r. Watts,
at the juncture Of the Old Key road
doubtless give employment to quite q
number Of men.
The purchase Of this railroad enume-
rated above amounted to about S36, OO0
It VIII probably cost s25 900 more for the
right OF way, and over $3.50, 900 will likely
wharves, warehouses, etc.
TFIE WORLD is WATCHING US.
When it is considered that within the
past two weeks the Southern railway
has spend $4,000 for piece OF property
to double Its warehouse capacity, that
put SIX years ago was purchased for
1850, three years later sold for 500, 900
and is now purchased for $35. 900. it looks
as though the eyes Of the railroad world
are; upon this harbor and especially on
thei Portsmouth side Of the river, and
but>a few years hence the improvements
made during the past three years OF
financial depression will be doubled.
Four hundred thousand bales OF cotton
were handled last year, the facilities of
the transportation companies were
taxed to their utmost limits in handl-
inE, not only cotton. but corn, Wheat,
pig Iron. heavy commodities Of all sorts
and merchandise. The channel of our
harbor should be deepened and a helping
haHd extended all transportation COM
Panies reaching our shores, regardless
OF on what side Of the river we live,
for what adds to the prosperity Of one
benefits all by providing work for the
unemployed and opening new avenues
for the investment Of capital