Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-02-13
REAL ESTATE VALUES.
Some of the Prices Asked for n North
ern Pacific Right of Way-Opinions
as to the Methods 1t Has Taken.

Some of the Prices Asked for the North
ern Pacific Right of Way-Opinions
as to the Methods 1t Has Taken.
A real estate agent a asked Friday
whether any transfers Of real estate were
going on, and he replied that, as far as
town lots were concerned, there had been
more transactions in South Butte lots
| than anywhere else. A lot in Noyes and
Upton's addition that had been sold for
$3.50 fast May recently changed hands for
$225 and he understood $500 had since
been offered for it.. The ground in that ad-
dition is level and is covered with q United
States placer patent with no fear of q
quartz title conflicting. All the lots in that
addition are now sold.
The most movement noticeable is in
mining leases, which had increased greatly.
There are more men leasing now in the
neighborhood thai has ever Eeen known
before. The reduction in the cost OF mill
ing ore must be credited with this improved
condition OF affairs. He looked forward
to q steady improvement in this respect
and the introduction of Rocky Fork coal
will have a beneficial effect in bringing here
q good quality OF coal at a reduced price.
While on the subject OF real estate, he
was asked how lots on the proposed line OF
the Northern Pacific right of way on
Arizona street are held, He replied that he
is one OF the owners oflotsi in Rice's addition,
near the Silver Bow mill, and that the
road az laid out goes through his best lots,
good level lots. He owned forty-nine in
the addition and had sold some down near
the Parrot smelter in the placer ground for
500 each. There is no comparison be-
tween them and the seven which the
railroad company wants, and he valued
them at $3.50 each. He thought that ii
the road had, by it's agent, approached
him with a proposition to purchase, he
would have preferred it to its present
method OF commencing an action to con.
denim the land it needs.
Agent McCa1g, OF the Northern Pacific,
to whom this statement vas repeated,
said: That's all very well. But I've been
approached by three different parties with
offers to sell the same ground, each Offering
to give a quit claim title. Why, the fact
Of the matter is that the Northern
has been for a year past e~ndeayor-
ing to secure the ground unavailingly and
it's attorney concluded that this is the only
way to get a satisfactory adjustment OF
the affair.""
Discussing the matter the other day, a
Gentleman who has had a good deal of sx-
perience in securing right Of way for the
Union Pacific said: while the method
taken by the Northern Pacific may be open
to difference Of opinion, there a be no
question that it is d move that must be
hailed with satisfaction by the citizens at
The road intends to pay for every
loot of land it wants, and it will, under the
it has taken, probably pay more
than it would have if it had set al agent
quietly to work. There may be or1ethingi in
the assertion that much OF the land is held
under conflicting titles, and OF course the
road cannot afford to wait until that is
by the slow process OF legal adjust
ment. 1t gets the land condemned aud
valued, pays the money into court and
goes ahead with it's building and the people
are the gamers in the end. We want all
the railroads in here we can get, and when
have this Northern Pacific branch or
branches built here from Three Forks,
which is as sure as that you are standing
there, Butte will then properly be on a
transcontinental highway