The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-06-09
CITY ON THE DAN
IS; PUSHING AHEAD
Two OF Danvi1lc's Leading Banks
Will Soon Erect New Bank
ing Houses.
ACTIVITY IN REAL ESTATE
Hotel Under New Management.
Fine Theatre Gong UpB' Build
ing Boom Is On
Ispecialto The Times-Dispatch.I

5lloPCCliA W LllS i
sDANvILLE, VA, June s.,-Real es-
tatetof all Kinds In Danvlllo has been
decidedly on the rise for six months
past, and any purchaser OF property
who bought year ago can sell to-
day at q good profit. The town is on
% boom from a commercial, building
and Industrial standpoint
Among the big deals that have been
made recently may be mentioned the.
purchases by the Bank OF Danvillc
and the First National Bank.
The Bank or Danville recently pur-
chased at public auction their present
quarters. located on the corner OF Main
and North Market Streets. The prop
erty was bought for $16,500, prlco
several & thousand dollars higher than
it would have sold for q year q CO. 1t
IS the intention Of the bank to make
extensive improvements to the bull,l-
Ing at an early date, which Will add
greatly to the appearance Of the b!bck
on which 1t is located The property
was a part OF the Yates estate. or
which Judge a. NJ Aiken Is admins
traitor.
The First National Bank has pnr-,
chased the property on the corner Of
Main and South Market Streets, now
occupied as q dry goods and clothing
store at q cost OF $27.50O. The prop
erty was purchased from Mrs ohm w.
Holland, Of New York, and the pur-.
chase price Is something over $500 per.
front foot. The present occupants, have
leases extending to January list OF
next year. after which tho two stores
will be torn down and n handsome
modern banking house Will BIO erected
Tho now plant Of the A1orotock
Manufacturing Company, now being
erected on the corner OF Spring and
Floyd Streets, at cost OF $35. 900, will
be completed during the present SUM
mer and ready for occupancy by next
fall at the latest. The new plant will
tbe O threo-story brick structure and
modern in all Of Its equipments. Tho
Morotock Manufacturing Company Is
an Incorporated concern. and manu-
features workingmens garments.
The Noell-Anderson Manufacturing
Company. Incorporated, has just COM
pleted tho erection OF $4,000 plant
near Fltzgeralds brick yards, on the
suburbs Of the city. ana proposes to
increase their already well-cstablished
business Tho now building Is three
stories high. and constructed almost
entirely Of new concrete blocks A
spur track of the Southern Railway
| Company runs into the yards.
| Mr.. S. A. Schloss. tho we'll known
theatrical man, OF Wilmington, N. C.
is building u $4,000 thentre here,
Which will be completed by September
LIST. Tho old theatre was burned about
eighteen months ago. since which time
Dnnville has been without a public
playhouse Tho walls of tho old thea
tire, which were left standing, have
been torn down, and the building viii
DO new from top to bottom. and first
class In all OF it's appointments.
It Is understood that active work
Will BIO begun on tho $4,000 Y. NJ
CA building In the course of a few
| days, The building will be located on
| Main Street, just above the Municipal
4 Building, ana VIII be credit to the
city.
Mr.. Nv. w, Lynn, the proprietor OF
1 the Carroll and Arlington Hotels OF
l4ynchburE, who purchased the Hotel
1aurton property, on the corner OF.
Main and Union Streets, together with
the Odd-Fellows' building adjoining.
some time ago, assumed tho manage
mont OF the hostelry on May LIST, and Is
giving universal satisfaction among
i the patrons OF his establishment. Mr..
Lynn Ia now engaged In making OK
tensve repairs and improvements on
his property. and 1t will yet DO sew
eral months before he gets the Burton
In tho shape he has planned for.
There are numerous handsome resi-
dences In course of completion In Dan
VILE, In fact, carpenters and brick
layers arc much In demand Mt the
present time
All OF tho business houses. both
wholesale and retail, report having had
satisfactory trade since the first OF
January, and this year promises to BIZ
q banner ono IN the hiltory: OF Dan
lYtlle,, 5.f