The San Saba news. [volume] (San Saba, Tex.) 1873-1966, 1882-12-23
Some Large Land sales.

Some Large Land sales.
mob-Dmo.ra,
Two sales of very large tracts of
land have been reported within few
uuys,und sulnrtuiug mus Decnpunii5ned
about the operations of the buyers OF
% third domain. Each OF these CON
veyancos is typically un- American,
weyergroatproiitmay bemadc there
in by several parties.
One of the bargains was closed in
TeNns. Representatives of n syudi-
cate went TO Austin and bought i'm a
lump apparently without more ado
than two boys would displayswapping
iack-kniyes, 100000 acres of nnn-
ing and grazing lund;aud the dispatch
adds, in a motter-of-fact way: This is
the largest sale ever nude by the State,
and closes ont the large solid blocks
OF State land tits true that Texas
is an empire in itself; it is true That
cattle kings need kingdoms for ranges
Tor theiI stock; but the sale in one
undivided area by q State ton corpora.
ton on u partnership of % tract of
land one-third greater than all Con.
nocticut, fom-lilths as great ns Mas
sochusetts, one-third as great MS In
diana, and half MS great aus Belgium,
the Netherlands or Denmark, is worth
noticing.
OF similar character though en-
bracing only 100000 acres, is the
sale Of nearly all of the land of the
Northern Pacific Railroad in Mime.
sofa and Dakota east Of the Missouri
River, 10 English and Boston capital.
lists. The price agreed on is 81 per
acre, to be paid in preferred stock of
the company, which will be retired.
This exchange strengthens the road
by reducing its dividend charges, and
will not perhaps prove disadvantage
Gus to Minnesota and Dakota, mas
much as the buyers will make special
efforts to COLOMBO their purchase with
English farmers of the best class.
Rather more magnificent in proper
tons, as well as novel in features are
the doings of the Atlantic and Gulf
Coast Canal and Okeechobeo Land
Company and the Florida Land and
Improvement Company in Southern
Florida. The former bought two
years ago and is now developing H.
100000 acres of land and water; the
l'secu' rua 7evttrru tu1ru MS mncn.
The purchase of the Land and I'm
proyement Company costs only 80
cents an acre. Both of these enter.
prlses are to a considerable extent
speculative, their profit depending in
part on the successful dminageof lakes
and marshes into the Gulf of Mexico,
and the opening in this way to cult
Walton of the richest soil on the con
tinent.
These mammoth schemes arc nm.
American in so far us they contom-
plate thepTeservation Of these domains
substantially unbroken. Small farms
are, as rule, more profitable to cul-
tivato than great, and contribute in
finitely more than great ones to the
prosperity of a State, county on II
community. But in most cases of
the sale Of large blocks of land the
purpose OF the buyer is to sell his
holding in small lots to settlers. The
question then to beanswered is, wheth-
er State will do better to sell its
land at low price for settlers when
they come, or to turn il over to mid
dlemon who viii resell to small farm
ors only at an advance, but will exert
themselves to bring buyers to their
doors. The country Is growing so
fast that the wiser policy for Texas,
Florida or the Northern Pacific Rail
road would seem to be, as rule, to
hold its property for actual settlers.