The collection is open for research.
The copyright status of this collection is unknown. Copyright restrictions may apply. Contact Special Collections and University Archives for assistance in determining the use of these materials.
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Researchers wishing to cite this collection should include the following information: [identification of item], [box], [folder], New River Investment Company Deeds, Ms2008-073, Special Collections and University Archives, Virginia Tech, Blacksburg, Va.
The New River Investment Company Deeds were donated to Special Collections.
The processing, arrangement, and description of the New River Investment Company Deeds occurred in September 2008.
Due to the promise of the railroad and its concomitant industries, Radford, Virginia underwent a boom in the early 1890s. This boom resulted in the formation of land development companies, land speculation, and increased northern interest in the area
The New River Investment Company was chartered in Virginia in 1889 for the purpose of developing land in Montgomery County. W. C. DeArmond served as president of the company while A. J. Hemphill served as secretary. Connected to the railroad, the company's papers are now housed at the Norfolk Southern Corporation archives.
The Radford Land and Improvement Company was created around 1891, during the land speculation boom. The company developed much of west Radford.
The New River Investment Company Deeds document land ownership in Radford, Virginia, in the early 1890s. Materials include one signed deed from 1890 and three drafts of a deed from 1892. Corporate contractual parties include: the New River Investment Company, the Radford Land and Improvement Company, and the Radford Investment and Development Company. Philadelphia, Pennsylvania, appears on several contracts and indicates outside interest in the area. Restrictions on land development appear in the 1890 deed and prohibit the owner from operating a tavern or slaughterhouse, manufacturing alcohol or gunpowder, breeding pigs, or opening any form of a factory. The 1892 drafts lift a vendor's lien, which is the seller's ability to reclaim property if the buyer neglects payments.
The collection is arranged chronologically.
The guide to the New River Investment Company Deeds by Special Collections and University Archives, Virginia Tech, is licensed under a CC0 (https://creativecommons.org/share-your-work/public-domain/cc0/).