The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-11
mrs CIErELAyD,s PEopERrr.
She IL HEIR to One-sixteenth OF SsOO,OOO
worth of Omaha Land.

She H. HEIR to One--Ixteenth OF SsOO.OOO
worth of Omaha Land.
OMAHA, Neb, May 10--The rapid growth
Of Omaha and its wonderful development into
a metropolis are strikingly illustrated by tho
increase in the value Of the Folsom estate In
this city Mrs Frances Cleveland has one
sixteenth interest in this property, which ID
now valued at $SOOO00 Originally Benjamin
X. Folsom. the great uncle, and John II. roll
som, the grandfather OF Mrs Cleveland. owned
slNty-seyen lots In the city Twenty OF these
have been sold. The property was ACQUIRED III
1859. when BenJamin Il. Folsom was member
OF the Territorial Legislature. The capital Mt
that time was located at Omaha. aud move
mcnt was inaugurated TO transfer 1t 70 Lincoln
as being moro centrally located. number OF
the most extensive property owners IN om"nS'
fearing the effect on real estatevaucs here IL the
threatened removal took place. held meeting
ut which 1t was decided to establish lot
fund. These lots. then OF comparatively littlo
value, were distributed among the Legislators
at u nominal consideration for the purpose OF
helping them to SEQ that Omaha should retain
the scat OF Government MIR. Fosdm voted in
favor OF Omaha, but the majority favored Lin
coin. to which the capital was transferred.
Mr. Folsom came to Nebraska In 1856, and
after serving this term In the Legislature To-
Gated at Tekamah, In Burt county. Previous to
his removal to Tekamah he bought tho lots
which now form the Folsom estate in this
city. In 1873 no sold m undivided hall interest
In these lots to his brother John Il. Folsom,
grandfather OF Mrs. Cleveland. Mrs. Cleveland
received b. John Z. Folsonl's will q one-oighth
iutcrcst in all his property lug her imtnroSt
II ihSso iois az, undivided si%teenth; This 10
below. In lot 8, block lO7 and the south tween.
ty-iour feet Of lot =: block 70. Mrs. Cleveland
owns one; eighth interest as John b, bought
his brothers. interest In them. The lots are
located Us follows:
Lot sioie o. n2rhwes corner seventeenth and
and ChlcasM leased to the omaha street Railway Com
hear fOuT,esnin lot s. io"k q notueast Corner
SeeGth Amd Davenport, 10: buca northeasi corner
nsr Txsfa AM D%Ssnpo orr lot GS'6 bss 4 nSrh@s
s"ut6west corner F"urtssth AN" 6avempor: lot
book rs Capitol avenue near fifteenth 9t block
10, northwest corner sixteenth and Douglas lot Is,
Eighteenth oIS So"k o. Sa"Ssoa near Fse.fr 10" lot
4 a. BLOCK 6a ~ OIGSx Sx nnrt near twenty ssc
G.miqS osf ap MI n a .e Saunders s;rSet
seeuR aud HSSt .S e 81!
SDTm5 Of no.; "HmsS lot S2%t 5
SeySmsSn ard GmmnE io'T ana sogf $S'
s@"ihwts! corner Twen,ieh and Lard; lot = block
ost @ Sans ..s Seat % rgss S %s
anu block 2o7h northwest corner Twentystcond and
nfss aud Gamas b;Ssf $i.- souhsSs, Sor%sr
!.
$"sn, II: USSa
BETWEEN SS sew H and G ESteeni l ois
Ginning oqaES 2 Ss Gumns
Fifteenth and SiNeen,h' i2t - b05E -tzh northwest
northeast corner twentieth and IiaTney lot s. block
twenty four p ot SSek s. I ]
Sixteenth and Dodge
The creator part of this property IS in the
business part OF tho city. and most If the bust
ness lots are corners. The lot at Fourteenth
and Davenport stree's is occupied by the En-
near Sixteenth was occupied BY tho Club I.iv-
cry Stables. recently destroyed 10y lire: that on
ers Hotel: that at Sixteenth ana Douglas by
the greenhouse and office Of !orist. None "
the lots have extensive buildings on them, but
most OF them are leased for a term OF years.
As fast as present leases expire new ones
are made, tho rent being placed on sliding
S SG Rersluations are made u evSry i've
years and the lessee pays all taxes; The rev.
$4,000 year. and is rapidly increasing as cid
leases expire ~; So and new lenss are made The
Seven! eon,ll, Dodge street and CAPITAL avenue
have been appraised and will be sold TO the |
Government a. site for tho new Goyernment |
building. All the property owners In the block |
have agreed to sell FIR the appraised value ex- |
cept the Folsom heirs and byron Reed admin
property OF his own In til ia block. They have
nppealed. and the matter Is now In tho United |
Mrs Cleveland and oil the hors who inherit
through Col. ohm b. Folsom came into posses
sion Of their property by his death ilye years
ago. The will was made in Folsomdae Wyo- |
ming county. " Y. Nov. &. 1883. and names |
BENJAMIN Folsom Of Buffalo, n. y. and Alice |
Il. Folsom OF Folsomdale as executors.
Mrs Cleveland was driven past all the lots in |
which she is interested during her visit to tho |
city in 1887. and was presented with satin |
edition Of the World Herdh. in which list Of |
the property was given. toGe:hor with pictures |
OF the buildings on the few lots which ara I'M
proved The most pretentious structures are the |
Planters House an old fashioned three-stOry |
frame building, soon to be removed to mako |
way for the Government buildin :, and three: |
story brick on Fifteenth street and Capital |
avenue. occupied by the Exposition Annex |
saloon on the first floor. and by roomers on the |
second and third floors. The policy OF the !
Folsom MANAGEMENT has always been TO invest |
MS little rs possible in improving it. and the |
increase in its value has como almost entirely |
from the money spent by Others IN the deveI- |
OpMent OF surrounding property.