, 1879-03-17
Or the Vnrivaled Four-in-Hand Of the
World Tor the Same Sum.
A Scheme Which Would Com.
mend Itself to All,
II the Taxes Were Only Paid on the
Land, .,
And II the Enterprise Had Some Sigh
Flavor Of Legality.

Kentucky at least, by TIC name Of tile Ken
tucky Land Company. According to The cir
cufnr In question, this corporation, wllIcl, wa
created ~ tile State whose namc It bears
is the owner fpf some Of the bcs
property In tho United States, and It,
Directors llavo decided to distribute nmonl
shareholders, 10 accordance With the provisions
Of the charter, some very valuable part OF thel
possessions, SITUATED chiefly In Chicago, a1lt
partly In Minnesota. Therefore, 10000 sharc'
Of stock were to he sold at Is sllarc, the hold
ers to b. entitled to cauai chances.
GAZING on TIE TlTl.E.rAuE,
the reporter read about 5000, COO worth Of prop
erty TO be distributed. Hc read Of q pal
acc, q Hume,-8wcet Homc,-a farm
United States bond. fortune, I'll.
fastest four-tn..and In the world-al1 to be hat
for $5 each. Said tho seductive tfttc-l,age t&
tho reporter, "Put in IS, draw cut S222s, QUO. II
"Large return for little outlay" sultl this Pool
Richard Of page. "No risk no uafn; small
rtsk large Ra!n," continued the scntentlous cir
culnr. This excited the avarlce Of the reporter
mud a'so a wholesale greed for particulars; sc
nc dove deeper Into the sheet which told hin
how the wealth OF California and Peru at,t
Leadville was to b. distributed at IS a chunk
atld he glanced over the list Of
TIE CHICAGO PROPERTY,
which might at some future day, By the CT
pen4tturc OF s., paas Into his hands. Ontttng
real estate descriptions, which simply confuse
he iounl tl,at tho frat prize Or palace, valued al
s2aa5, COO, was fIvc-acrc lot froutiug on Drcxel
boulevard, ut the corner Of Forty-tlfth street.
On this lot stood paatial residence. built oi
Mtlwaukce brick, with commanding
fnwor b1ltsr1.ronm hnnflannrIy hp,tn1
bnoke. ronservntory. extended vie,y
~ ,.,,o Mirb;oo, orthr,,atn,,.
.r.,.,,,,. ,.s.,s, tassaa .,';, -, .as,.. =,
occupied by the most luxurious or fastldous.
~ - oaIs .' ,Ta ~ o .h,, a - g n, ~ ''s' sa'
o,1nrns nnn n"t7a nf tha nrosncrt,,s !. ISrrYci
no,lcrottl snva lin Rtnrr.tnftr, Il IL actnn,ri.
il nndcr tnc IN IN managru1ent Of the son,h part t
Cnmmi..inncrs. .,i
TI'n srconi nr,ze vol,,ca nj ss1, mn, wos ,,u,
in tic he saine block, fronting soo feet on Dsexcl
oon.svast ~t;an r,,, !. s.o nm ,u,,.. nm fam.
m n1erri ho,,,1cvarIl - ~s''o'' ''o0'' A'' 4se~
W p.,.s H. p9u,u ,,'t ~ - ~, noo u.,,.
,nd fcstcst fnrn'h,n IL III, nr1d ,rt,,. 10
wagon md harness IN wlich tl,cy trottcd oyrr
Dexter Park ose mtlc1u 2:50 These horscs arc
Ut the best blood. Tiny obey thu lines with
human intclligcucc;. they. scare At nuth!ng
q
PFzes No. 5 to 10l consisted OF 1tD lots, each
24K125 (ett, In blocks ", Sec. 10, ~, II, which,
bcinE Interpreted, slgplyes between Thirteenth
Anl Fourteenth ind Il1co1n alIl lsoGer streets.
Blocks is and II Of the4sainc section, lying east
OF block -. The losa IN Block 10 are valued at
$1t0 each, ad thDse III IL a1lll II nt ,oU1 eacs1.
Then tnrnlng over lAe page ho found fort, six
farm iu the state IT Minnesota, valued ut sSOU
q tract, but 10 each 9 f,Whieh, II order to euabu
the person wl,o gets it'Eo build a house and 60
to work, u 500 4-per.cdnt bond Is added, thus
raising tho valuation aft cach tarm 10 $1,U00.
The pr:zca from 2o1 II LOO were 1.00o $50
oar nstneen 'hase s aaSefs Sas eatsd t.
one Of these.
liera Sere also som9 Incidental remarks about
tho enormous rise Of property in ChieaEo The
new Custum.Ilouse lot, Tor instance, wtIcf, was
bought BY benjamin Jones In 1883 TOR 1906, wns
sold In 1873 to the Gnvtrnment for ei,a50, ,000.
1t occurred to tho reporter, II lo were to draw
Onu of tes lots, II inHht also, II liz held on to
1t for fostY-ti,rea years, undergo a s;tnilar III.
cfeasc In value.
Having nude up hit mind at once. as a mat
ter u eouISe, ~ pufeInse rs mary ehafes as ~
eHiu ;S u1rosss ~ III ae went 11o iafthef into
'ne Pa"t'ine' " n"u 49,
WHEN AND WHERE
tl,e distribution Of wealth was to take place, and
discovered t.lat 1t would bs In a public llali Ia
who Wished 10 witness It, tic day to bo MI. IL.
nouuccd bolorc-iiulI In tic Louisville Courier
Journal aud tic Associated Press dispatches. No
day was 1xpd, because It WIS moro honest to sell
tic shares first and tllur ijx tle day than TO srt
tie on uay aud t1eu bayo to p0stpona IL hr.
cause tic SHARES wcro not sold, To oct slIares.
iii That was pecessarY was to send an or,,t.r
with tle money OF course, 10 tAu Kcuturkv
Lulll Company nt Louisville,
But lie reporter decided that, bcfors le dis
poscI OF hls IS, hu would gct litt1o mara III.
fortnotipn, II possible, about those prixpa winh
were tangible thiugs; to vii, Ills tEicuro nron.
crty. 30, bc[nr Observation-Disclosures. m,l
viii. nat mucd expectation Of draw.
jttr tic sees 5O00 palacu, with
ylnw Of Lake Michigan mud tl,u Turkish haths
fnr horsrs. ~ md Concluding ulut hls fos1"no no
liinrIs III. il. ur II. he Went to tip Rcc,,r.irr'a
nilicn Ia t}n,l what tic stnlue OF lint urn,rrtv
was: md ho discovered that, q short tins ,,t,G
Il Ial hern deeard by lat,cs Sttnsnn n ", III,
Kentucky Lind Cotnpauy; but ha niso tiis.
cnyeruI tilpre ind vi lie County Clerk'a ofiiso
tint thern had been backwartlncss on t1,c ,,rrs
uf snmoboIy ia F"'~
pAr1ro I'M ruy r.rps
m tta nron.rtv, IJr fonrd Tim, Rloct. N IN.
1%a baet.tn1 Hi ~ a H;S -, "a ~
III h"a,' forintr fnr In. III ~ toy ~ s'1t ~
fsited fnr III" Stofa nn,l cnnntv tnr ~ 1s71 M,