The Portland daily press., 1892-08-13

Il Co,,,r,o,, 80, - - x,,ae e,,nnle
,,o,,+aJ AS "ss' uouI 80 Wv s,,,,, reaiized
f,on, ~, o so, g Ely Ia ie Tr;uata narties
M IT, 'ilo eaie VI i"h'' " pii'"'o ~
AAei0 was
Big Influx OF Northerhers
to the new town, and the company sold
| 1.nd Of GOOD +o,,,,s IT. miist have reali.
80, "' s'oo'' WI MS 49, esu &c 1000 +he
yea large sums; for IN the iaii VI io0o VIZ
company advertised that Fort Payne nae
expended the astounding sum of ovel
+h,.oo ,;11;o,, do11ors and still had othe,
observation-disclosures in view
III hnilt fna botel costino
eco 200. r,,it ~ wafer works and eIactriG
IoJ,tooi Posi- = ons+ Of sdo 900. bn;lt rail
raad as oqrer yerv dific,,lt monntain fifteer
III, ~ no ons1 nina Of cos+ Of $3.50
600. W she'd fire CLAW ,TorIs at cost
S eJco 900 daualonad tho Cool nine at q cost
of so ooo. cole ovens at a cost Of so 0o0
dayalonod ron mines al a cost Of S3o ooo.
hn;It Stoy1o ,gorls For ~ Elk ooo and ey.
,,anded eco o0o On s+reets These are
a p &c +lo' t1oi,,ors +1,ot 1lere done
lrbo fon,a Of Eor+ Do pa,,na s1,read sbro.d
Tn February 1890 # had nonulation Of
500 or 700 persons, while the census Of
1890 showed $500 people, and its valu aa
on go sprung dno up iroin si9ooov III
and hotels. there were many fine resi-.
dents, conspicuous among them that OF
Hon. w. T. Rice.
| with the influx OF so many people,
there came the inevitable. realestate boom.
Fort Payne real estate drew IN many
Maine investors who mad not put any
thing into the Coal and Iron Company S
stock. Some good Judges VINO are
/ know hHl16VR
as much Maine money has Deen losU IN
Fort Payne real estate as is lost through
the stock OF the company. Lots rose IN
value from So to s2oO front fooI
! on Gault Avenue, the principal stfeet OF
the CITY Many houses were erected TOT
| northern men with the purpose OF rent
ing them to inhabitants OF the city That
| was to be. Men were very busy buying
land today, to sell 1T at an advance to-
| morrow. 1T all seems very ridiculous
| to you now," said gentleman who was
through it, to the PRESS, but the sltua-
| ton was such as to carry away the cool
| est New Highlander. We went down
from land OF snow and ice to
veritable Garden of Eden;
| we saw great mills going ND: railroads
bn;ld;ne. ,,inos ho;nn d,,o. neonle vara
-' o No' pooP
hooking In; work was plenty and conse-
| quently money; every one was talking of
! tbe nresent and f,+ure nrosneritv of Fort
De-, 49, ~ ho,,,+ .,,d oo,f-
ayno, ~ 90 IL olo noal an Nv - ,at,
ue Se III t 4ho APa VI 49, ~ a ,ai.o %a
~ uouoo sn"o oiiIio woo 1no Piaoo w ~
Come weakly aio nappy' anu We pu'
ouA niooy IL IL .n
Moieovel elie roIC Iasyhe o9al anu lloll
company was O!ie pluilli9 HloIlieI VI olnel
| Companies, WHICH IaLseu lnoney on Ineii
owl acco4u' % pp. inlo + on ay ne ia.
uuoui1os ~ ~ 80 w VIZ, r we ,noo
plesie aI VI oue ooc. ei.,. iion ooiapany
Vas aiso aclaVe IN enese c3l la St e'7s,
ollousn Mhoso as5noieS wv 80 ee e1as l 600
naces m5ie ereosea ao a oos o, u 9r4o, ~ y
eacn Siu iitag a a1i noe sl1el !ian' ae d
cosC u over 9zUo,ogo. Al Inis ilio IL y
eae a.a 5la.' ,,aoon - ~
ron Mai al IL, 1nese WINS rs a(e noo II
soiSeu WIZ H. unu 80 a. a 1Ia tsGn
.tnu 40 tney alo iLno plalios ~ ~ 70 ie
- Icy III ~ ~ r. so;d
~ H. e,,as+ ~ ~ pi ~ sa,o4h
IG 10 u,o - VIZ A'' f>---e
l a.
LILLY nc ~ T ayuo 49,; 1oJi f We % mo 10
TLeI H., ;n+arast of
Fort PAYNE: but when they returned they
launched that Temarkapie ana now D ~, Tiolc1
sc b MANY a Maine an man remembers EN- hers
with aching heart the gorgeous trains of
palace cars in which Rice hauled New
E Il caPlIailsts uoWn 10 Vlew ", eila'
assoc Manv +bonsands of ' d dollars - Of
Maine money went To Cardiff and while
neonle were watcbino that dazz1ino en-
tternrise,, the more snli5 estahlishme1t Of
Fort Payne with tbe two million or more re
New ENGLAND dollars invested in ITS
stock and i1nnroyen,ents booan 70 wane
The men who we've snecuiatino in real
estate beoan in +he wear 1soO to ffnd tbei,,
| holdinos drao on The market The mills
and f,irnaces did not Of. Get 10 runnino as as
was eynected Some saw tbat The Coal al
was fonnd 70 contain foo much sn1nhur
for The nroduction Of coke and That the he
iron miners were moi If sncb Kind as To
he worked at a nro4;t Rnt this ;s n ,1y h
ablv d;snnted noinf ' - f-0''
Wendaii p Rice has been on;+e as
active in the falling DAYS Of Fort H- PAYNE ne
as ba was in the boom dsvs r. was do.
cided when tbe Coal and iron Comnanv
| BEGAN to find itself in straiohtened
c;rcmm stances that The ' '0--0@'