Telegram-herald., 1889-07-16
FOUNDING A RESORT
Ksns County Railway Men Buy
Eighty Acres At Reeds Lake.
HOTEL lsD C0ITiGES PROJECTED
A CsHsrzes sisasa fer th- rarshass Of the
LarFasaF Eishty-& fse-sFt ast~i .sa
RaxiEisa~Thz Eiectrie Kali
1sy - be F4shsd.

An evening paper contained report
yesterday that john J. Bslknap and
Jobn Hoael lad sold q :. 3 Tibbets
and the Kent County street Railway
C0mpaly eishty acres OK And on IAs
s.ores og keed LAKE foF 81 .500. A
IEEEGRAa-HERALD representative was
cent out % trace dowu the report, and
lste asst evening succeeded IN finding
1ir. BelKu4p, Just a. ne Vas EetuFning
from 4 drive. 'fNell, sad ne, Il am
-0Fry the matter uas leaked out Just
sst. We wanted 60 keep it quiet tor =
few days; but s.ucc i has become
plhlic ! suppose yOn asay As well kno8
al ahout lf. The contract has been
slsnedi / have copy n my pocket,
ard you may look L over Il yoa want
TO-"
The document referred to j. a con
tract between john l0uell and john !
helklap, OK the frst part, and :. 4.
TlGOets, OF the second part. Tor the sale
o. Ehc latter Jf the land u question. The
consideration j. tll 600, vi winch 5000
Is paid down 0n the signing OF the con-
tract. Four Thousand dollars : 90 be
ptld 10 paid up, nOn-as ess-t le stock OF
park ASSOCIATION" 10 he organized
Tor the purpose OF makng a resort on
the land, buiiaing a depot, pavilion,
gefresnment stands, etc, the erection
OF hotel and cottages, and the plat
tr nd sale Of lots The instrument
also provides that the contract shall DC
ia the nature of an option and
bands tae party of the second
part To begin the construction
railway % Grand Rapids within sixty
days, and 10 expend At least $1,000 on
tie road within that time, a. a guar
auty OF good faith. IL further requires
the expenditure Ot 5000 for buildings
or the land within reasonable period
X beng agreed thar the railroad shall
expena 80 per cent. OF IT'S net earnings
fUf that purpose.
The land, - said Mr.. Belknap, is
the Larraway eighty, and lies on the
northeast corner oil the lake, between
the lake and the gravel road. IL has
l20 rods front on the lake, and Is the
handsomest piece OF ground
for a resort there is
IN this region. 10 IS covered
with a beautiful growth of timber, with
Tavlnes, aud romantic halls and delis.
Three or four parties have been after
u, and Mr.. TDbets bought II IN his
own name before the park association
was fully organized, III order TO keep it
from beng sold to others. j under
stand that surveyors have been 81 work
laying off the portions for depot and
pavilion grounds, ETC., and for plating
and hotel purposes. | have the
very strongest kind OF faith in the
project, and within two years expect
10 SEE regular town there. = shall
build q handsome cottage myself at
once. The railroad Is bound to be
built. | am not At liberty 10 say very
much about that, not beng financially
interested IN t; but | understand that
the men engaged IN the enterprise have
money and energy. and viii certainly
push the thing through. / am IN
formed that should the road wish TO
issue bonds a man stands ready TO
advance the money on the whole issue.
However, YOU had better see Mr.
TbOets. He can speak with full know
ledge and authority"
Acting on THIS advice the scribe
hunted up Mr.. Tlhbets at his rooms.
lie had retired, but came to the door
u a pleasant frame of miud is the
circumstances warranted. II have
nothing to add to what Mr. BelSnap
ittS ttiN lNNs nc SAID. lie mas toit
the facts as they are. and nothing more
veed be said. About the railroad?
We have had engineers ut work eversince
vetormed the cprojectlayingOutthe line,
drawing The grade outline, cross sec
iOuing. etc. anu snail begin 10 throw
dirt In = very few days. About the
bonds Wen, don't care 10 say any
thaS on that subject, either rs to
whether the company Will iss1e any or
whether. II lt did, they would he taken
by somebody in the CITY or out of it-
have seen projects s4Aed BY too much
talk. and don't care 20 bTaC and blgs-
ter. You may say, however. that we
are gong to make dirt ily right away,
aud that tine r0ad is surely gong
through"
In this connection it may be stated
that D. IT.. Donovan. of Chicago, ar
rived yesterday. lie spent most of the
day looking over the line and consult
Ing With tAc projectors, and Il still
here. Mr.. Donovan IS extensively
engaged in railway construction, and =
sad To he one Of the capitalists who is
backing TIC enterprise.