The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1888-04-25
HAPPY OVER THE SALES.
REAL ESTATE MOVEMENTS BRING
JOY AND A TINGE OF SORROW,
President Hadden Deplores His Youth
full Extravaganza, but Promises to
Make st up for the City on the Disposi-
tion OF tho Hospital Lot.

"Iou all certainly have not moved about
the suburbs OF the city much during the
past year or two," remarked President
MADDEN to an APPEAL reporter Yesterday.
beg PARDON" was the reply "but TuE
APPEAL has u small army OF reporters, who
personally visit and inspect every foot Of
ground under local police regulations three
times every twcnty-iour hours, including
the one mile outside the city limits, But
what prompted such m unkind tling?'
Don't allow your temper to become ruf-
fed" soothingly rcioiucd the great and
only soothsaycr "ior meant uorotlcction
upon your agility But | am denied the
pleasure OF observing daily refer
enCc to the citys growth and
improvement, and it pains me sadly. II
there ever existed city whose prospects
and continual advancement should I've
hcmldcd abroad, that city is Memphis.
Now look at the real estate sales. Jcc.Nhil!
They make mc regret ever having spent n
dollar in reckless aud rotous living. Ii
the money earned by the sweat ol my
brow had only been sailed down until
now, could have buried il In Memphis
dirt, and in less. than two years il would
have been rrsurrcctcd groNninto trcblod
proportions The reflection makes me
sad, exceedingly sad"
"lut YOU have vet u few wears remain
ing You are only eighty, with beautiful
prospects OF becoming ccntcnarian, SO
why not gather up the fragments ol your
shattered portion and make the most OF
your declining years.
"Aluckl Alach ENtmvagant habits are
upon me, and fear the contest; but mark
YOU, will plank down the city's trust
where IL will return much profit. notice
that sale OF Overlon X Grosyonor out here
in Chelsea, realized very large prices, some
OF the lots selling for 81 600 aud over.
Now that property is outside the city
limits, but splendid ior homes 1Aking
that rs q basis, what q snug sum We have
in that hospital lot. | have been figuring
here ever since ! heard tine returns from
| Chelsea, aud can RELY upon not less than
| $1,000 for that piece of superb property.
"That means then, that You are going
| 10 have one of the latest improved hos
pitfalls when ii is moved TO South Mem
| phs2'
Hospital nothin'. With H. transfer all
trace Of hospital disappears We will
call il The Memphis Saniurium.' cat
Of Mat $4,000 take 81, 900 which wcpaid
| for the new lot; then We have $4,000 "a
devote 20 putting IL in shape, With sewers,
/ drains, water and gas connections, etc., II
| il takes that much. This will leave q hal
anCo OF Si0,O for the buildings, aud d
right smart shauty can be erected Tor that
sum-
"Arc you going 10 have the saniiariuu
all in one building, or on ,hc pavilion
plan2'
"Iou know am only speaking Tor my
self, Int favor the latter ! have exam
incd the Marine hospital, which j. on III,
pavilion plan, and believe II hard 10 i'm
prove upon. IL possesses many advau
tages over the onc-building institution, an,
We might ~ well take them III in"
"Why don't yon congratulate me on th
prices rcalizcd IN the sale OF my Madisui
street propcrty2'
"Was that yourr7 Then TN take ou
with YOU. According 10 that valua,io
the Masonic temple Is worth not less tia
SlOOOOO II cost us $4,000, but most
this was the result OF misfortune. Who
the building WIS hrt begun $1,000
stock was issued. Matters got into bI
shape, for years the building WIS nj
siandslill and We forfeited $1,000 81 III
stock. Then We bmccd up, took FRS
grip, issued Sj0,O 900 IN bonds aud complete
the structure. That's where the cost cam
in."
AZ this point the reporter moved OF Ia
warl the door, and the president innc
Gently inquired: "Dd YOU want me /
give you anything for publication
"Wcll, haven't you already disgorgcd +
the extent OF everything you know
Eyes, but | thought that was only
friendly visit aud social coniah. don
know anything that would DO for the pa
pcr. So long"