The times and democrat. [volume] (Orangeburg, S.C.) 1881-current, 1908-03-10
TOWN ACROSS RIVER
The Realty Corporation will De.
yelop Property Over There.
Lots VIII be Sold and People En-

Lots w III bss-' ooiu anu SopiS i1iA
couraged to Build and Live in the
New Town.
The Evening News says "an enter
prise which promises to do much
for this city in the way Of improv-
ing certain sections in anu around
this place has just. been organized
with capital stock of 1000 and
known as the Orangeburg Realty
Corporation Three very prominent
gentlemen of this city are the corpo-
rators of this concern, it is stated,
and they are Col. w. G. Smith, DR..
H. E. Reeves and Mr.. S. H. Crum.
Besides these gentlemen it is under
stood that there have been interested
in the plans of the corporation north
ern capitalists, and that the plans
which are laid down by the concern
are of a broad scope, and will be
along lines, that will improve certain
the holdings of the concern.
.'The first tract of land that will
be improved by the corporation is a
tract just beyond the corporate linn
its of the city, and situated on the
wst side of the Edisto river, and on
the Atlantic Coast Line railroad at
a point near the present coal chute
of that. railroad. 1t is proposed to
have this property surveyed and cut
ND into town lots and streets laid on.
The lots will be sold, and it is under
stood that after the lots have been
Daid for, the company will still con-
tinue their plans to aid the lot own
ers to erect houses. The plans are
to commence now what will at some
time be a surburb of this city, as 1t
will be easily accessible to Orange
burg. The settlement is to be known
as Riverside Park, and there is no
doubt that the lots when offered for
sale will be bought up at RAPID
rate.
I'm order to place the new sur
burb within easy reach of the city
of Orangeburg, it is proposed to open
Nm Glover street on to the river
and to span the river at this point Dy
bridge, and thus on to the River
side Park, which will be just across
the river from the Glover street
bridge. This will place the new SET
tlement within a few minutes walk
of the main business section Oh the
city. The low land in and around
this point will be drained on anu
every means used to make the prop
ertv and surroundings attractive.
"In speaking with one of the lncor-
norators of the corporation, he stated
that a station would be granted tne
new town by the Atlantic Coast Line
railroad, and that the park would DE
nut in a position to enjoy munlclpai
rights. The promoters intend to get
right in behind the scheme ana 10
offer special inducements to purchas-
ers of property in thes,new park.
"Already there: have been many
who have spoken for lots in the ne"
mark. and it is understood that some
re the lots have been promised. Ihe
corporation will not, however, oher
for sale any OF the corner lots on any
of the streets. These it will reserve
for their own use, and at these points
there will likely be erected large
stores suitable for business houses.
although no regular plan mas
been announced as to how the lots
will be disposed of, it it likely tnat
thew will be sold on the installment
plan. and thus there will be many
who will take advantage of securing
some of this property. There Is no
doubt as to this first tract being soon
disposed of, and the company Will
direct their attention to the develop
ment of some other tracts.
The corporation is at present cap
italized at $4,000, but it is under
stood that when it become necessary
this amount will be increased. Ihe
cutting up of the pr 2erty into town
lots will soon be started and then
doubtless there will be date ilxeo
-bo, tbav shall he Offrd for sale.