Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1889-04-16
A Four Hundred Thousand Dollar Trans
action by a London Syndicate in
Wichita Property.

"A SHOrC tln1e Since, as Is already known
to number of our leading citizens, two
gentlemen visited this city in the interest
of an English syndicate for the purpose of
getting the lowest cash price on large list
of property, consisting of inside and sub
urban unimproved lots. The property
having been secured by an option, a de-
scription of the same was forwarded by
these representatives to a syndicate of cap
italists in London, who have already large
Investments in the west On the day OF
the forwarding of the description of
the property, together with some
facts and statistics verifying re-
ports and information already in the
possession of the English capitalists touch
ing Wichita's coming greatness a, cable
gram was sent that upon receipt of letters
an acceptance must be made, if at all, at
the figures given by the 18th of April. The
time would have expired with to-day, but
yesterday one of the representatives who is
in St. Louis received instructions by wire
to close the deal One of the gentlemen in
interest and who becomes one of the joint
| owners of the property, was in Wichita
some three weeks ago, and is now in Den
yer. Four hundred thousand dollars cash
| is involved in the deal. 1t is the
| largest single transaction in real
| estate probably ever occurring
in the state. The property
| is all splendid being resident lots, SUI
burban lots and business lots. The men
who made this investment will made q
cool million dollars, more than likely two
millions of dollars in the transaction. The
gentlemen making the investment under
stand the situation of Wichita's unde-
niably superior advantages, and her GER
tain destiny as one of the coming great
cities OF the west Her field is considered
by them equal TO that Of Kansas City and
Omaha combined-that she Will be larger
than Omaha, and probably larger than
Kansas City before any city can be devel-
oped in central Oklahoma or eastern Colo
RADIO large enough to in the least
menace her dominancy. Before investing
or before taking up the list of property
these representatives visited Pueblo, Den
yer. Salt Lake and other western towns,
including Kansas City, Omaha and Min
neapolis. Their conclusion that the young
est Of all these cities, Wichita, is the
greatest in potentialities and possibilities
and in fact already the greatest in busi-
ness, her size and age considered, every
] Nod L TO Ia Tha Of
this city are, upon the other hand, pleased
to have so wealthy. powerful and infinen-
tia1 syndicate of English capitalists and
business men become identified with the
rising fortunes of wonderful Wichita.
The old aGage that sit never rains, but
that it pours," is being verified. While
this great deal has been going on, one of
Cincinnat's most thorough going and
far sighted business men, mas been in the
city in the interest of himself and other
capitalists looking the city oyer in the
most thorough and careful manner. Its
location, general advantages and unparall-
ed growth and prosperity have been well
understood by him for some time. He has
been satisfying himself only as to local
interests, directions Of growth and so forth,
with a view of deciding as
to two hundred thousand dollars worth of
propersy which has been offered him at
prices which mean magnificent fortune,
even if Wichita should never become more
than the metropolis of southwest Kansas,
or the territory which for ten years past
has been tributary to her.
AS all that Wichita ever receives, or all
that her citizens receive, is in turn eX-
pended again in making her greater, is but
so much added, instead of being, so much
exchanged, the Importance and value of
the four hundred thousand dollar invest
ment and the two hundred thousand addi-
tional, is appreciated without words from
US. This in addition to all the other
great improvements secured, in addition
TO the new railroads to be built, in ad-
dition to the vast new and rich field which
the opening of Oklahoma affords her, and
who doubts, or who wants any assurances
that Wichita, with her great packing in
terests, her great wholesale interests, and
her terminal railway rates, will not only
swiftly become enc of the great cities of
the west but the greatest west of Chicago.
There are fortunes and fortunes in her
business, and fortunes and fortunes in
her real estate, and fortunate will be every
one who pins his faith and fortune to her.
HANDSOME PRESENT
Mrs. Gluick of South Main street,