The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1874-05-29
REAL ESTATE, LoANING AND
BANKING.
Toledo, the Future Great City"-A
First Glass Commercial Firm-Its
Progress, Resources, AdVan-
tages and Popularity.
Raymer, seagrave s oO. to the FrOnt.

Progress, Resources, AdVan-
tages and Popularity.
Raymer, SeagraVe s. Co. to the Front.
That Toledo is rapidly developing itself in
to "Future Great City" is already an estab-
lished fact-as evidenced by its extensive
commercial and maratime resources, as also
by the avidity with which every square foot
Of land within the corporate limits is being
daily sought after and appropriated to judici-
ous investments. Nor is this fact its only
recommendation to the confidence of capital
lists and those disposed to speculation. The
reputed standard of its financial and extern
sive business houses is beyond question un-
surpassed in any other city in the State-or,
indeed, the country at large. During the
past ten weeks we have had under close obser-
vAtion-and, indeed, review in these columns
some thirty to forty Of the latter establish
ments, and have, therefore, the best authority
for our assertions as above. Continuing our
series of articles in question, we have this
week chosen reference to the subjects of real
estate, loaning and banking, in which lines of
business there is probably no more extensive,
and certainly no sounder business than that
now conducted with the utmost success for
some seven years by
RAYRER, sEAGRAvR co.
Mr.. Raymer, the leading member of the
firm, for considerable period successfully
conducted commercial business in East To-
ledo, but in 1868, under the style of Raymer
81 Co, founded the present prosperous con-
nection, in the conduct of which, in 1871 he
was joined by Mr.. F. E. Seagrave, formerly
of Uxbridge, Mass, (and for three years prin-
ciple of the Toledo High SchooD. Still being
in East Toledo, and somewhat remote from
the heart of the city, with largely increasing
business on their hands they decided, when
forming their co-partnership, to locate CEN
trally in the city, and thereupon moved to
their present Offices, First National Bank
Building, Summit street. Here their business
continued to prosper, and, notwithstanding
the financial panic of last year, presents an
increase of nearly ten times what it was pre-
vious to their taking up their present location.
In the
REAL ESTATE BUSINESS
they buy and sell real estate on commission
invest for non-residents-rent property, col
lect rents, pay taxes, &c. They have a large
interest in North Toledo, formerly Manhat-
tam in W lich property has doubled its value
within the past two years-here will be found
most eligible sights, near the river and ada
cent to the track of the Canada Southern
R. R., where it joins the Pennsylvania Cen
tral. These lots speak for themselves, are
commanding ready sales, and fetch from $3.50
to 81, ,0OO each. They have also an interest in
some 80 acres of land on the bay and river
banks, known as the DIR. Chase farm, which
property will be shortly placed in the market.
Those acquainted with this locality will readi-
ly admit its special adaptability for the eree-
ton of private residences with sea front
salubrity of atmosphere and quiet seclasion,
while it is equally eligible for the conduct of
any manufacturing enterprise. In East To
ledo they have just opened new plat, which
has only come into the market this month.
These lots, being only about q mile and
quarter from Toledo general post Office, and
offered for $500 to $500 each, will be found
very desirable for working men, and are about
the finest investment of the kind on offer.
Besides these they have constantly many ex-
cellent bargains on hand for the approval of
patrons, and those desirous of investing will
not only find this one of the finest firms to
first visit, but exceptionally safe and well pre-
pared to submit the choicest bargains. In
THE LoANING DEPARTMENT
They negotiate loans for term of years
from one to five) at a reasonable rate Of in
terest, but for no less sum than $500, security
to be unincunbered real estate, worth in cash
twice the amount of the loan. They have
already loaned three quarters of a million of
dollars, which have gone chiefly into improve
ments in and about Toledo, which sum they
have every reason to anticipate will reach one
million by the end of the present year. They
have paid back to Eastern lenders 100000
of principal, most of which has been returned
for REIMBURSEMENT, and they are also sending
in the same direction upwards of $4,000
yearly in interest. Indeed, their business has
assumed such proportions that they have
found it necessary to have a resident partner
IN the East, anu EdNey consequently aSSOclaLeQ
with them Mr.. o. B. Sesgrave, Of Uxbridge,
Mass, who is located at that point In plac-
ing money their first object is to look to the
principal being perfectly secure-aIl their
mortgages draw ten per cent. iutersst-and
| they negotiate purchase money mortgages,
which latter feature is becoming a very prom
inent item in their business These mortga ges
run one or five years with annual payments,
and the discount is taken from the face of the
notes. Parties having cash to invest will m
questionably find this firm unequalled in the
city for af1ording them the utmost satisfaction.
They also transact business usually done in
AN EXCHANGE BANK.
They make collections in all points in the
.. S, and Canada receive deposits ION which
interest is paid if left reasonable time) dis
count choice paper, sell exchange on New
York and Boston, which is good in any city in
this country and is the cheapest and best way
to make remittances. The principals of the
firm are unremittiDg in their personal atten-
tions to the business, Mr.. J. Raymer conduct
ing the correspondence and taking the super
vision of agencies. Mr.. F. E. Seagraves pre-
siding over the books and finances, while Mr.
o. B. Seagrave, having head quarters at Bos-
ton, has charge of the business in New Eng
land and also superintends the agency busi-
ness. The reference they give to other banks
include those of the highest standing, not
only in Toledo, but New York, Boston, Sla-
tersVille, R. L, &c. We unreservedly recon-
mend the business to our readers in the full
assurance of its affording ample satisfaction in
every department, while we congratulate the
firm on their success in the past, wishing them
every prosperity in the future.