The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1891-01-01
A Good Project

For the past rear the South Park Land
and Improvement Company have held
upon the market their beautiful suburban
addition 10 Seattle AT prices that defy COM
petition in this country or any other, and
upon terms within the reach Of every one.
They have successfully demonstrated the
practicability OF the installment plan. and
by so doing have established business
that has grown 70 large proportions. The
company buys its property and pays the
cash therefor, thereby procuring acreage
at the lowest market f4g1re- IL is then
surveyed and plated by 4 competent en-
gineer ard placed upon the market in lots
and blocks at fair percentage above cost,
including expenses. 4 fair rate Of inter
est Is charged upon deferred payments,
and none can be found who have COM
plant TO make against the fair dealings Of
the company IN ali Of its branches
The original plat Of South Park con-
tanned 2.027 lots. out Of which the COM
pany has already sold !, ~ lots. iez4ing 80
lots unsold. al Of which are part of the
company's third sale reserve" and are
among the best lots In the addition. The
last named lots will be sold under the old
system OF $40 cash. balance S. per month
upon each lot, with 10 per cent interest,
and when sold the last opportunity Of pro-
curing home IN this splendid addition
viii have gone. From the beginning GER
tain number OF lots were reserved BIZ the
company 70 the amount Of thirty-five
acres. designated as the building re-
serve" which they intend TO improve in
the manner hereafter stated
Fully recognizing the importance of d.
rect and rapid street railroad transporta-
ton. the property owners on the south
side Of the city, including the officers Of
the s P. l.. & /. Co., have recently formed
syndicate for the purpose of organizing
street railroad company 10 build an cleo
trio car line directly south, which will pass
through the central part OF the South Park
plat There are other lines projected and
one already double tracked as far south as
the head Of the bay, which would have
been completed as far as South PARK before
this tine had il not been for the strained
condition Of finances IN the East. Cpon
the recovery OF the money market
these roads Viii be corn7Ietssl
However, the present syndicate
formed viii not be materially affected by
this st-ineency, IS il is composed OF men
who viii build the road for the direct hen
elG Of the property 10 be reached. spd who
are amply able to build it independent OF
outside aid. The company wili be organ
lied and surveys begun immediately after
the holidays, thus enabling active con.
stTuction TO begin early IN the spring.
After the close OF the rainy season the
South Park Land and Improvement Com
pany intend TO inaugurate a system Of i'm
provements 81 South PARK which
viii be q great boon TO the tailoring
men and mechanics. Their plan win he
10 build upon their reserve propertv cot
tages az q cost Of about 81 900 each. ghicb
together with the lots giIl be sold rpoa
the lnstaliment plan, enabling the mr.
chaser 70 pay for the same By rnan-nlv nav
ments no greater than the ordinary rental
would amount 70. Everybody living in
Seattle IS acquainted with the property. rs
accessibility and desiratilitv for homes
and L IS needless 20 repeat that il is si.1-
2rsi upon the most productive bottom
land. cleared and surrounded with grand
scenery and al the comforts OF homeliks
life
In addition % the South Park Ma. the
company owns large amoant Of acreage
in the adjacent locality and will devote
the coming year 10 the Improvement and
sale Of this property.
Tor fall information cal upon o. address
the company AZ their general Offices.
located on socth side Of Yesler square. AZ
foot Of Front street. Lock box So
Telephone $50. Seattle, WASH