Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1889-05-05
THATGREAT DEAL
THREE HUNDRED THOUSAND DOL
LARS OF PROPERTY.
The English Syndicate Close the Bar
gain and Put Up a Forfeit
of $4,000.


English syndicate who had been sizing up
the present Importance and estimating
the future possibilities of all the principal
towns and cities situated between the
Mississippi river and the Pacific coast, had
visited Wichita and having become con-
WINGED of its grand future had made up
list of property Estimated at something
like four hundred thousand dollars in
value, following which they cabled their
conclusion and advice to their principals
in London. Of course until the principals
were in some substantial manner commu-
nicated with or heard from, not
withstanding their cabled accept
ance, there was considerable doubt
as to the final outcome Of the deal The
advice was received in London on the 18th
of April, accompanied by an option which
was TO hold good until the 1st day OF
May. On the 10Th VIM. Chas. Peel,
nephew of Robert Peel Of the House of
Commons, who is one Of the principals,
sailed for America. Arriving in New
York last Thursday he was joined by the
London capitalists attorney, VIM. Parker
Butler, and they at st. Louis by Mr..
Greenwood and Seldom Spencer, arriving
in Wichita Tuesday night, April 3Oth
Two days were taken up in looking over
the city and property by Mr.. Peel and his
conferees. when the following dispatch
was sent to London, excepting date, adj
dress and signatures, which we omit:
Have made examination-city as repre-
sented-countrv fertile-pronounced adj
vantages-raiiway facilities exceptionally
excellent - Industries thriving - people
prosperous and substantial-property all
right-proposed deal good as a speculation
but better as permanent investment
unQuestlonably the greatest city in the
state"
The answer to the cablegram was re-
ceived the next morning with instructions
to put up twenty thousand dollars as
forfeit, and the balance TO be paid over as
fast as the deeds were made out, and the
instructions were Immediately complied
with by Mr.. Peel and his associate, Mr..
Langhorn, the latter gentleman having
spent week here this spring and who
came in from the west to meet Mr.. Peel.
The EAGLES original announcement
was that the property involved in the deal
was valued at $4,000 OF course the fig
ures were given as the best estimate which
could be given at the time. It falls some
what short Of that figure but will go
away above $500, 000. 1t is all unimproved
property, e., lots and suburban plots and
blocks. 1t is bought as a permanent in
vestment and upon the conviction that
Wichita will be one Of the great Est interior
cites of the continent. And what is
vastly more important to the pLesent prop
erty holders Of this city is, in case
the city continues to grow and strength
en- as packin point, as wholesale and
manufacturing city. to be followed by
not only greater investments, but infiu-
ences which will bring here str ng monied
interests. That these lucky investors will
realize a round million of dollars from
their shrewd investment no one under |
standing the situation, or approaching the |
wonderful growth and advantages Of our |
city, will for moment doubt.
In company with President Corbett. ex-
President Oliver, Nlederlander, Thomas
and Davidson the writer spent day and /
aight or two with these latest discoveries /
Of Wichita's coming greatness with them
going over the town, through her various
industries and business houses, and in /
maps of surroundings, statis-
tics, ETC. While Mr.. Peel is very ENG
Iish you know" "ra-a-ther," and all that, |
be had visited America FIVE times before
and to neither him, Langhorn, or Green
wood was Wichita's great growth and adj
a new or strange revelation. We
found it difficult matter to learn them
with reference to the re-
sources of Kansas or of the many
superior advantages
Of Wichita, All the statistical
'acts were at their finger ends and when
t came to the other towns of Southwest
Kansas, their claims and interests, as well
rs of the older cities Of the state andof Kan
,as City they seemed to know it all. Their
representatives had visited and figared up
lot only every town Of any pretensions in
he state, but Denison, Dallas and Fit
Worth OF Texas, Pueblo, Leadville and
Denver of Colorado, Seattle and Tacoma
If Washington, and Pasadena, Los An
yelos and San Diego of California, and
Salt Lake of Utah. Kansas City, Minnea-
polls and Omaha may have greater pros
,ects than Wichita in the estimation of
hese great capitalists, but if SO, they did
lot say so. If money" with them,
talks" then in their cool judgment, after
painstaking, long and careful study.
W lCulld SIdulio dIuOLS ihC CiIicS
# the continent unrivaled in her present
md prospective.
On Friday, after the conclusion of their
having made up a list of names
# gentlemen in London, Liverpool and
liddlesex to whom to forward Daily
EAGLES, they left by the afternoon and
vening trains, Mr.. Peel going to Memphis
nd Atlanta Mr.. Langhorn TO the noun
aims, Mr.. Butler to New York and Mr..
brentwood and Mr.. Spencer to st. Louis.
Dr. Peel will visit Wichita again before
lis return to England, at which time he
nay take in twice os much more property.
1t is unnecessary to add, at least so far
S our own people are concerned, that
Wichita is on the high road of success.
Renewed prosperity is seen and felt,
Ipon every hand. The great sale of real
state above infinitely narrated, and which
5 probably the greatest single transaction
q the history of the state, is but one Of
nany assurances of the greater era growth
which is close at hand. There are besides
ot only many things already developed,
ut still more important ones which are
ally expected, which in fact are so nearly
that no fear Is entertained
T their failure. Added to all is our new
nd growing trade with Oklahoma and
he immense crop prospects throughout
Kansas, and the year of 1889
ill go down as the greatest in the history
( the Winning Wonder OF the West.
TIE WILSON CASE. |:
Perhaps no trial has been watched with
II
wilson, recently convicted of the murder
, r., -, !