The daily gazette., 1875-08-21
Sale Of Building Lots at Chester.


A sale Of tu ldinR OTIS took place at
lC pa., on T. ursday. A cores
pcn1 of The Philat 'phja 79mss re.
cords Il as follows: EN---*s
| . y a, nI,el < O'Clock, ?. n, the
excnsion train chartered by the ven
iers of the building lots, disgorged Its
living freight at Thurlow Station, To-
cstcd in the heart of the South Chester
borough, distinct municipality 1t
%, esent, hut destined to become OF no
distant date an integral portion Of the
city of Chester. At z 2:o0o'clock, r. m, !,
tho uuctioncer, Mr.. 8. F. Baker, read
the conditions of sale, and the first lot,
corner one fronting on Third street,
already paved and graded, WIS offered
for sale At SO q foot the ball wa-
started and the hammer fell at $3.50,
Mr.. William Smith, the purchaser, cx-
erc:sing the right Of choiceby securing
forty feet or two contingent lots.
Another forty feet frontage changed
hands at S1l 25, and at $40 90 the next
purchaser appropriated one hundred
feet trontagc. 1t would be wcarisone
to follow Individual details, suffice it
therefore to say that the whole of the
two hundred and sixty-th-ee lots offer.
ed FOR sale found eager purchasers,
who, b- the way, afterwards expressed
themselves as highly satisfied with
their bargains. Before the sale from
81 to SIS per foot was quoted as the
expected proceeds, and glance over
the Guctioncer's book showed that the
highes: price per fcotraid was S15, and
the lowest [for some ineligible lots
$50. The total proceeds of the sale
will exceed $50, 1000, and 1t certainly
marks q red letter day in the history OF
Chester. II should be mentioned that,
although bidders IRON Wilmington,
Media ard Philadelphia secured lots,
the major portion were bought by the
people of Chester of every grade, and
as such individuals would Of necessity
be posted in probabilities, their ven.
tures indicate the confidence rcposed
in the speculation and lis managers.
Among the inducements offered by
the vcuders were the guarantee of one
annual ticket on the Philadelphia,
Wilmington aud Baltimore Railroad
for every %l,000 worth o1 improve
mcnts, Up to SIC, COO; the right to trans.
port bulldog material al one-half rates,
and between manufacturing establish.
mtnts, other freight at threc-fourth
rates. Most of the lots were 20 by i4O
feet, but some fifty lots were go by 100.
The condition of sale were five Del
cent. deposit. twenty per cent. In ten
days, and the balance In one, two or
three years, In semi-annual payments.
Other details are Of importance only
to those who acquired lots, and thus
paved the way for future profit. Dur
ing a conversation svbsequen: to the
sale some rem arks anent the progress
of Chester elected the fact, from
member Of the present school board,
that In 1850 there were only one hun
dred school attendants, while some
fourteen hgrdrcd children were now
under the tuition Of about thirty tea.
chers. 1t vas also remarked that the |
attendance at the sale exceeded the nu-
merital strength IF The eotire popu!a-
tinn u, CLest,l III 1867. To the enter
pliSe If William Ward, one of the al
urnni Of GlraEd College, Chester Is Ia.
dehtt,i for this latest development,
and, In the Course Of some remarks |
during meeiiig this evening, he took |
occasion 10 compliment the Philadtl. |
rhia pnPrrs fJI tie ai1 rendered 10 the |
Peudure -