Crawford avalanche. (Grayling, Mich.) 1879-19??, 1892-09-22
MADEASMALLFoRTUNE
HOW TWO SCHOOL TEAcHERs
DID 1T.
Two Hundred Dollars Grows 20 Twelve
Thousand within = Year.

Two Hundred Dollars Grows 20 Ewetse
Thousand within Year.
Marion. Indiana, ChronicIel
There are two sisters teaching In the
Marion public schools who have reason
TO thank the rapid development OF one
OF Chicag0's manufacturing suburbs for
small fortune which has grown from
a very tiny seed planted less than a
year ago. To a representative OF the
Chronicle these young ladies' told the
story of their remarkable investment as
follows:
AT the close of our school work
year ago We found that we had saved
about 500 each, for which we had no
immediate use. We were spending our
vacation In Chicago, and stepped into
the Chamber OF Commerce Building to
see Jay Dwiggins a Co., whom we had
long known. They were just then
founding the new town OF Grifnth,,
whose fuel oil pipe lines and four great
railroads, including a complete belt
line encircling Chicago, gave great
promise Of making this "a factory
center. 841
I'VE overwhelmed 10 make an invest
ment in the new town and consented to
join them In the purchase OF five-acre
block which they wished to subdivide
with some other tracts and put inn
mediately on the market. Our $500 suf-
| feed to make the cash payment fer one
third interest in this fiye acres and we
| expected TO meet the deferred payments
| from our wages the following year.
After making this Investment We
went further on our vacation trip, and
what was our surprise q few weeks
later to receive word that the five acrea
had been bought, subdiyided, and com
pletely sold out. Three psrtiesS Mad
taken the entire block at profit Of al
most $4,000, one-third. of RhicH we
4, learped was at our dlsposal.
$50 far we had not even seen Griffith
but this remarkably quick turn OF al
fairs gave US great interest in the new
| town, and we went Immediately to look
F! 1t over. We found, nine miles south
east OF Chicago limits, remarkable
railroad junction, but little more than
that. There were perhaps O dozen
houses scattered about in the oak
groves and occupied by railroad en-
ployes. There were no stores, no streets,
no sidewalks, no nothing-except q
bright future. The surveyors were Just
putting down the lot stakes. We found
our block in the very center OF 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 q low price, had
given us the capital with which to buy
We Immediately selected Block IL In
the Original Town of Griffith, anC
bought it with the profits we haC
Just made. We left Griffith, saying
We'll, we shall see what q year will
! bring forth in this promising place.
I'VE have just now returned from
Griffith after years absence. w
found four factories completed AM
many more negotiating to come
Houses are going up on every hand
and streets which had not been cut on
when we were there a year ago, ar
now lined with prosperous stores. Gu
] block, II sold at present prices, woulC
| realize about 900, but we would no
take $25, 900 for it. If it were similarl.
located in Marion, 1t would bring $50,
900.
I'VE have seen Marion grow up iron
country town into fourishing youn
e city, by the location OF factories, an
G Marion has but three railroads and ha
a not the great city of Chicago to tie to.
J I'VE confidently expect within tn
next five years to see Griffith gres
and fourlshing city, and that will b
: time enough to realize on our beauti
g full block of lots. Since we bought on
: relatives have made further purchase
: and have made money, too. We Gel
8 tainly believe that Griffith lots bougf
at present prices and on the very cas-
a terms ut which they can be had wi
!, prove quickly paying investment "7V55 3;