The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-06-06
THAT SCHOOL PROPERTY
Opinions Of Prominent Business Hon
Upon the Value Of The Lot.
Most Of Those Interviewed Regard
the Property Worth More Than
$ISC,OOO-That Amount Has
Been Offered for 1t.

BUTTE, jun 5.-At the meeting OF the
city council last evening an offer OF Sl2,-
600 was made by the Mantle 4 Warren
syndicate for the city hall property in
West Granite street. This property
fronts q trifle over 20 feet, making the
rate nearly $500 per front foot. 1t was
this same syndicate that made the offer
Of $4,000 for the Central school lot, which,
on West Park street, is directly opposite
the city hall. The school house property
fronts q trifle over 200 feet on West Park
and the same distance on West Broad
way, SO that double blocks a be put up,
one facing on each street. In order to
ascertain the sentiment of citizens as to
whether the offer is near the value of the
school property, the STANDARD to-day
conversed with n number of citizens.
George Il. Marsh, president Of the
board OF school trustees, said: 81 don't
think the offer is enough. We will Ger.
tainly not sell for less han $4,000 and
are confident of getting $4,000 or $4,000.
AT the rate real estate is selling now, his
property is cheap at that. This is the
only bid we W. received, but we are GER
tain Of getting more before the property
is sold. We cannot sell il without a vote
of the people, and il is not likely that
fore the fall elections. So there is plenty
of time, and we expect several good Of
fers before them"
Ex-Mayor w. r. Kenyon said: 1.-THE
offer is not up to the present status OF
real estate i'm Butte. Property along
there is worth $500 on West Park and 500
on West Broadway. 1t is valuable prop
erty. The price offered is not enough ac-
cording To the present prices. The offer
is all the property is worth to the school
board for school purposes, but for busi-
ness lots IL Is worth S140,0OO.N
| cnlIntv Comrnissinpar Lnhp canlina
said: "No better offer being made. l
think IL advisable 10 sell at that figure. II
will be worth no more until a value Is
created by improvements on the lot. II
would take S250,0O0 to create q value
much larger than the present. With the
money offered, the trustees "A put up
the three needed school buildings, that
well be much better and i'm more suitable
localities. think h trustees had better
sell at that figure"
Ex-Alderman Samuel Mulville said:
at is n good price and considerable be-
yond legitimate rates for real estate. This
boom will not last and IL is better for the
board to accept a first rate offer now il
has one. The present prices will not be
maintained"
W. ID. Fenner said: at is a good offer
yet il l owned il l wouldn't sell il at tina,
figure. Still l should like to see the
property sold, even at that rate. 1t would
create q stir and would be a good thing
for real estate all around.n
G. w. b. Coon said: "The offer is not
near enough. l tried to buy the property
at the southeast corner of West Park and
Academy streets the other day and the
best offer i could get was $50 per from
foot. That is lex to the school property
The school property of course was nC
Improvement n il would cost some
thing to remove the school building. But
on the other hand the property fronts OF
tvvn SfraafS Tho nriaa ntIaraI 10 nj ths
rate of sls1.5O per front foot. The prop
perry is worth $3.50 per front foot at the
very lowest figure"
Ex-Alderman L. w. Wynnc said: 18th,
offer is not large enough by a good deal
The property will bring from 100000 &
$4,000 and should not be sold for less
John h. Curtiss aid ut is a very goo,
offer, and all the property is worth. Thu
purchasers wou ave TO run consider
able risk since there is no mining title Il
the ground. 1t is on the Destroying Ange
and Smoke House lodes. and no title Ina
been obtained from h owners of thes'
lodes. IL these lode owners would cede
title, the property would be worth NOR
than has. been offered. But under the cir
cumstances, with a shady title, woul,
not give more than $4,000. Interest Of
the money invested would amount /
$50 a month at the lowest, which must b
taken into consideration"
James w. Murphy said: 1.-THE offer
about one-half of the property
, worth. The block can be cut up into lot
and sold readily at $3.50 per loot. d
Broadway and on West Park land
: L.. j. Hamilton said: 1.-THE property a
; the lowest calculation is worth $1,000
! At $3.50 a front foot il would be cheap. ]
! should not be sold at a bit less than that.
NJ. j. Connell said: 'The price is IN
I adequate. The property is worth $4,000 o
4 i parG straat nlnnn nnenrsltnn ~ tho va
ues of cal estate as they are given to-da,
Unless the reigning prices arc fictitious
I would he wrong, greatly wrong, to sell q
the prices offered. This is a delicate ma
ter for the trustees to handle, and iii
I people will watch them very closel,
! They must be their own brokers'"
j. Z. Richards said: II have not mad
an estimate on the value of the propert
and don't know the exact size of il. 81
at $1,000 the property is very cheap.
AVE a man who will give that for il b.
fore shutdown tonight and / can find
man in AZ hour who will give $4,000 4,
il. That is, IL the title is good. IL III
K title is not clear, a man would be FOOLS
TO give any amount"
!. No more striking evidence of the valu
' of the school house property could ha,
appeared than that which occurred la
interview by the STANDARD, NJ. ]. Come
n went To School Trustee T.. NJ. TrasK al
l. offered $4,000 for thel lot, desiring to plat
in Mr.. Trask's hands at once n check Il
: $1,000 as a guaranty, but the offer WI
$ not high enough. Murphy a. Cannon, wi
n had been interviewed about tho. same tim
]; had just climbed the steps to the Office
l. the BOARD of school trustees and Ia
Il made an offer of Sl0O.0 M in behalf of son
party, deposlting $4,000 as a guaranty.
IS Murphy x Cannon obtain the property
4 will be divided into lots.
1, The Chickerinp, S6onineer and Mebl