The farmers' union. (Memphis, Mo.) 1891-1895, 1892-09-22

HOW TWO SCHOOL TEACHERS
DID 1T.


Two Hundred Dollars Grows to Twelve
Thousand within = Year.
Marion. Indiana. Chronicle.l
There are two sisters teaching in the
Marion public schools who have reason
to thank tho rapid development of one
OF Chicago's manufacturing suburbs for
small fortune which has grown from
| very tiny seed planted less than a
year ago. To a representative of the
Chronicle these young ladies' told tho
story OF their remarkable investment as
/ follows:
AT the close of our school work a
year ago we found that we had saved
! about 500 each, for which we hal no
! immediate use. We were spending our
vacation in Chicago, and stepped into
, the Chamber Of Commerce Building TO
see Jay DwiSgins l. Co., whom we had
long known. They We're just then
founding tho new town of Griffith,
| whose fuel oil pipe lines and four great
railroads, including complete belt
t line encircling Chicago, gave great
promise OF making this factory
/ center.
| We were inclined to make an invest
ment in the new town and consented to
! join them in the purchase of five-acrc
block which they wished to subdivide
with some other tracts and put i'm
mediately on the market. Our 5000 SUI
feed to make the cash payment one
-, third interest in this five acres and we
expected to meet the deferred payments
from our wages the following year.
After making this investment we
went further en- our vacation trip. and
, what was our surprise few weeks
later to receive word that the five acres
| had been bought, subdividcd, and COM
| pletely sold out. Three parties hal
taken the entire block at a profit of al
/ most $4,000, onc-third OF which we
learned was at our disposal.
so far we had not even seen Griffith,
but this remarkably quick turn of af-
fairs gave us a great interest in the new
town, and we went immediately TO look
, ii over We found, nine miles south
east of Chicago limits, a remarkable
raiiroal junction, but little more than
that. There We're perhaps dozen
/ houses scattered about in the oak
groves and occupied by railroad en-
ployes. There We're no stores, no streets,
40 sidewalks, no nothing-except a
, fright future. The surveyors We're just
| putting down the lot stakes. We found
our block in the very center q the town
plat, with frontage on what promised
to be the best business street The lots
| had been sold out at the ridiculously
low average of $3.50 each.
| we remarked that we would rather
| buy than sell at these figure. This
| quick sale, even at a low price, had
, given us the capital with which 10 buy.
| We Immediately selected Block IL in
+ the Original Town of Griffith, and
> bought it with the profits we had
: just made. We left Griffith, saving:
| Well, we shall sec what year will
bring forth in this promising place
I'VE have just now returned from
| Griffith after years absence. We
found four factories completed and
many more negotiating to come.
| Houses are going up on every hand,
when we We're there year ago, are
now lined with prosperous stores. Our
block, if sold at present prices, would
realize about Sl2, 900, but we would not
take S25, 900 for it. If it were similarly
| located in Marion, it would bring $50,
! COO
I'VE have seen Marion grow up from
a country town into fourishing young
| city, by the location of factories, and
| Marion has but three railroads and has
not the great city of Chicago to tie to.
| We confidently expect within the
next five years to see Griffith Il grea,
and flourishing city, and that will he
time enough to realize on our beauti.
| full block OF lots. Since we bought oul
relatives have made further purchases
| and have male money, too We Ger.
iainiy believe that Griffith lots bough,
at present prices and on the very easy
terms at which they can be had will
prove a quickly paying investment