The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-03-17
REAL STATEWIDE
P R OF 0 S|T|0 N
Zig Organization That Looks to
Development OF Idle Lands
in Virginia.
IMMIGRATION OF RIGHT KIND
Figures Heretofore Used Again
Brought to the Front to
Point Moral.

Norfolk, Va, March ls.-w. ID.
stoakley, of the new Virginia Farm
Development Corporation, which has
but recently been chartered, explains
the aims and objects OF the big
organization. 1t is reilly more ct a
patriotic concern than Il money mn king
ahair. II 1t carries out its plans the
stockholders will eventually profit
largely by their investment. and n tho
meantime the whole State will protit
ahead of them
!, Statewide Proposition.
MIR. Stoalilcy says. This corpora
tons Is not gotten up in the interest
OF ono particular community within the
State. but purposcly to act in a state
wide capacity. trying 10 develop as be st
IL can Systematically 10000, 900 acres
OF undeveloped farm lards in Virginia.
When the location of Nirginia's rarm
lands so far as their ncarncss TO
market and qnickness Of transporta-
ton is considered. the land values
should be at least five times their pres-
ent average value. Then the climatic
condition OF the state is such that in
a large portion OF it two to three crops,
q hay crops as many as fve or six. can
be grown annually. 1t also will he
noted that the crops which can be
grown so quickly are such crops - pay
more t"r the growing than the CROPS
grown in the Middle West, where lands
are very much more valuable.
Figures Reviewed.
Our Agricultural resources are so
rapidly expanding that II would be
hard to express, so that the reader
would believe II, the rapidity with
which our lands are increasing in
value. Along the seaboard the land
values have increased from 200 to 600
Per cent. within the last ten years. The
increase in farm land values In the
United States, taken as whole, with
In the last ten years has been lis per
cent. IS fixed by the Census Bureau,
whereas the increase In farm land
values In the South to the extent of
SfO,000.o00 acres has been $50 per cent.
1T has been shown by a compilat ton
OF figures made by the Manufacturers
Record that the increase in bank depos
it, and resources within the State in
the last ten years has been from ss7,-
100000 in round numbers to S26a,0oQ,
600, or over 800 per cent, whereas the
property values within the State have
increased in the same time over $685.
100000. Governor AIann in message
written for the Manufacturers Record
on Thanksgiving, 1910. predicted that
within I'VE years the increase in farm
land values. which Al present are
ridiculously cheap in Virginia, would
be from three to five times their pres
ent value. This could easily be done,
and at the same time the purchaser be
given good values for his money
To build Up Waste Process.
THE object of the corporation is TO
purchase. subdivide and improve real
estate within the State, cncoura ging
immigration. and to have department
which shall work i'll conjunction with
the Department of Agriculture of the
State. so rs to instruct the newcomer as
to how easiest. cheapest and best to i'm
prove our soil, which Is SO susceptible
to improvements; where When and w ma I
crop best to plant. The undertaking. as
4 state one is contemplated, as
thereby desirable immigrants can be
encouraged and located in any section
of the state preferred by them. where
what they want to grow can be most
successfully grown and marketed. Tho
agricultural resources of the State
are such that fruits, hay. grain stock
raising or vegetables have their respec-
tive locations for ideal production"