Race and Place Newspapers

Location: Richmond, Virginia
Date of Publication: April 02, 1892 (Wednesday)
Frequency: weekly

Page 4

Column 5
PIEDMONT INDUSTRIAL AND LAND IMPROVEMENT CO.

Transcript of Article

Chartered and successfully operated under the laws of Virginia. Authorized capital $100,000.

The First Agricultural Mechanical and Industrial County Fair ever held by the Colored People of Piedmont, Va., was held under the auspices of this Company last October with rich benefits to the company and community.

TAKE STOCK NOW

Persons taking stock within 90 days will share the undivided profits and future benefits of the Company. Shares, $50.00 each. Payable $1.00 per share on subscription. $1.00 per share each month, or 25 cents per week.

Write or come and purchase.

First:-Shackleford property, situated-Dice Streets in full view and less than three minutes walk of the street car on University Avenue and five minutes of the V. M. Junction.

This property has been divided into four lots, one of which has on it a 2 1/2 story brick and frame dwelling of six rooms.

Next:-Coles property, situated on North Fourth and Dice streets in full view and less than three minutes walk of the street car line and eight minutes of the V. M. Junction.

This property has been sub-divided into three lots one of which has a Frame dwelling of six rooms.

Next:-Five Building lots within two and a half squares of Main street. Two of which are situated on Preston's Ave., and three on William Street.

Next:- Twenty building lots lying between Preston[illegible suffix], the newly developed portions of the city and the properties of the Charlottesville Land Company, upon which is being erected here and there factories and dwellings.

Next:- Brockman property consisting of a building lot and lot with three story brick dwelling of sic rooms and frame addition of two rooms situated on West Main street, Vinegar Hill.

Next:- Lewis property extending from University avenue to C. & O. R. R., upon which is built two houses, one a brick dwelling with frame addition of ten rooms one of which is a store, situated near the C. & O. R. R.

Next:- Located near the University avenue consisting of a neat new building and building lot.

The estimated value of the company's purchases amount to ten thousand ($10,000) dollars.

And these purchases are intended, by selling, exchanging and renting to benefit each stock-holder who will pay his or her dues. Some have already been sold at handsome profits.

All of the improved property of the company is paying good interest in rents. While the vacant lots are enhancing in value as the city develops.

Financial stock-holders are benefitted by loans, deposits, interests and dividends of the Company.

Notice.- The Company has not only made large purchases but has made loans, built houses, assumed debts, and lifted mortgages for its stock-holders amounting to more than $2,000.

The company's business or object is to buy land, build houses, lift mortgages, sell, exchange, rent, lease, and otherwise deal in real estate, to receive money on stock and deposit, to loan money and to assist the financial stock-holders in securing homes.

FUTURE PROSPECTS AND ENDEAVORS.

Having devoted much time and care in laying a firm foundation by purchasing the properties mentioned. We shall in the future direct special attention to loans and receiving moneys on stock and deposits.

The Board has this to say. The books of the Company have recently under gone a thorough examination. The Statements are bona-fide. The Company is being operated on a safe and profitable basis and all are invited to take stock who would be benefitted at small cost and say to its delinquent stock-holders get square with the books.

Address.

Piedmont Industrial, Land and Improvement Company,
Charlottesville, Va.

OFFICERS

ROBERT KELSER, President.

D. D. ALEXANDER, Vice-President.

B. E. TONSLER, Secretary.

CHARLES E. COLES, Treasurer.

SHARES $50.00.

Payable $1.00 per month, or twenty-five (25) cents per week.

Summary of Article
A detailed account of the progress of Piedmont Industrial, Land and Improvement Co.

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