Democratic Northwest. [volume] (Napoleon, Ohio) 1869-1894, 1892-11-03
A SPECIAL REPORT.
FRANK ADVICE TO CAREFUL
INVESTORS.
AFTER EDITORIAL INVESTIGA-
TluN 4 HoSTON FINANCIAL PA
PER- SPEAKS.
What 1t Finds at Griffith to Com
mend aud Recommend.
tFrom the United States Investorl

GFrom the United States Investorl
In response te several inquiries
which we have received from invest
ors In New England and other Eastern
points relative to the new industrial
town of Griffith, just outside Of Chica-
90. which the firm of Jay Dwiggins
& Co., real estate dealers, Chicago, are
now promoting, we instructed mem
ber of our editorial staff to visit the
town and look the enterprise over, re-
auesting him to give US his candid
opinion concerning 1t; just what the
prospects were for safe investment
there. Following ia letter which we
have Just received from him:
CHICAGO III., Sept. %, 1892.
Editor of the United States investor:
For the benefit of the readers of the
Investor have to-day paid visit to
the young factory suburb of Griffith,
Ind, few miles south of this city,
and which is now being 80 widely ad-
vestised among investors and manu-
factures. I wish to say that what l
have seen there has impressed me
favorably. am convinced that at
this point there is to be built up large
| industrial city Of no mean proportions
and I believe now while values are low
| that prudent investors can make some
money In the purchase of realty in
that town. The growth has only just
begun. The town Is scarcely eight
months old. 1t Is developing rapidly,
and will doubtless continue to. because
Of Its new factories, Its excellent rail-
way facilities, its cheap fuel, cheap
labor, low taxes and healthy location,
Griffith is located at the junction of
three great Eastern trunk lines OF rail-
road. viz, Michigan Central, Grand
1 Trunk, and the Chicago and Erie
roads, and it is at this point also that
the Elgin, Joliet and Eastern, the
Outer Belt Railroad of Chicago crosses
these great through lines. This Outer
Belt line, you know encircles Chiea-
| 20, crossing twenty-six other lines en-
tering the city ,withevery one ofwhich
| IL has switch connections. Thus Griffith
has the Chicago rate of freight every
where, and enjoys the same local rates
as Hammond, Pullman, and other
nearby suburban points. Manufac-
lturers desiring to locate new plants,
or who wish to remove to 'greener
pasturesp could not ask for better
shipping facilities than are offorded at
Griffith.
1t maynot be generally known that
1.-The two great pipe lines of the Stand
ard OH Company pass directly through
Griffith, convey from the oil fields Of
Western Ohio crude petroleum, which
| is now being used SO extensively for
4 fuel by such great plants, for instance,
as the South Chicago Rolling Mills and
many other manufacturing companies
i of equal Importance. This feature, OF
elf,ought to be strong drawing card
| for manufacturerst to locate at Griffith,
because the use of this oil as fuel pro-
duces saving of fully one-third the
cost of coal, besides 1t Is 80 much
cleaner and easier to handle.
| There Is another feature of the situa-
i tion at Griffith which it occurs to me
lisof Importance to the public. The
! city is Just over the line in Indiana,
and thus escapes ever being annexed
4 to Chicago with its stiff taxes and ID
no part OF Cook County, ILL.,, where
the rate Of taxation Is five times high.
Ter than is Griffith. Workingmen