Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1886-05-01
Kansas City Real Estate Boom.

An extract from a private letter of advice
from a resident of this city, n)w in Kansas
City, to a we'll known capitalist and investor
here. with reference to the ''boom'' going Oh
in all things at Kansas City, says:
''There is no use denying the fact that Kansas
City is a general wonder; u marvellous city, re-
markuble Tor its unexampled headway and con-
slant advancement. It's building development
is while its constant influx of pOpu-
latiOn is even greater than old residents here
even realize. With capital presenting itself for
profitable Investments here, from all sources,
with the best security in the world, it is not
strange that real estate is steadily increasing in
values and fortunes are being made here from
day to d ~. and no investm ehts are regarded by
eastern capitalists superior 10 Kansas City rel!
estate securities. Notwithstanding the rapii
advance OF values, on residence and business
property, no eastern man or one familiar with
The growth and histories of great cities regards
Kansas CITY real estate too high or that half its
Importance In the market or actual value has
been as Yet reached.
'Slnce inside property has taken SO high n
figure, u new ana what is likely to prove a vastly
popular scheme has been devised by i number
ri business men to secure handsome home sit 5
ut moderate figures for quarter and half acres.
Kansas City and Independence, on the line of
the Missouri Pacific and Chicago and Alton rail-
roads has been selected and laid out AS Il resi-
denGe or villa town to be called Mt. Washing
ton. and although it has not yet been put upon
the market, l happen to know that 1t has been
plated and took early opportunity to put Il llttle
money In It.. as l am convinced u great demand
for these residence sites by people of Kansas
City Will SO enhance the value of any property
owned by u nOn-r Ident that it must prove u
big Investment and unusually safe. 1t is no
syndicate affair, but is intended to be an elegant
residence place, a town of beautiful residences.
such as adOrn the suburbs of Boston, Gin lima 1
or Chicago, and SO near the city as to be but II
feT minutes from business. The protector OF
the enterprise, W. v. Lipplncott, Jr., l29 West
Sixth ST., u popular gentlem an, for mlny
years 4 resident of Washington, ID. e and one
who knows what ought to constitute IL hand
some suburban place, Ia putting forward every
effort to m Ike Il magnificent success Of the en-
terprise. and IL is believed that AS soon as the
general public IL appraised OF the putting OF the
property on sale tn It all will be taken in ten
days. In fact names are being sent daily 10 Mr..
LippincOtt for preference in order Of coming
Tor locating sites. A two thousand dollar rail-
way station Is already contracted for, and with
the Missouri Pacific with twenty four trans II
day. and the Chicag" and Alton as we'll. togeth-
er with the steam dummy line to run directly IN
to the center OF the city, and an almost certainty
of the Independence avenu extension OF the
cable line, the question OF quick and abundant
transit over the lew miles intervening between
business and home. is already settled Tor the
deniZenS OF Mt. Washington
Were | to advise any man what TO do with
his money, | would say that any one with II few
hundred dollars loose en- find profitable and
safe investment in this enterprise.'