The Bennington banner. [volume] (Bennington, Vt.) 1858-1894, 1892-03-18
CORRESPONDENCE.
The Garden City's Prosperity.
CHICAGo, February 18th, i

CHICAGO, February 2Sth, 1892.
To the Editor of the Bdnner:-DEAR
SR:-There has been some very impor-
tant sales within the city limits of Chi
cago lately, in which millions are in
yolved, and these sales seem to be in
creasing within the last few months. If
the sales of real estate continue for
months to come, as in the past, there
soon will be no limits to this city, as 1t
is spreading in every direction. The
landed property which has been dis
posed into different hands is to be built
upon by wealthy people. The sales are
not for speculation but for actual set
tiers, who are to become citizens OF this
wonderful metropolis. Residence prop
erty is in good demand at the present
time. AS in the past, there seems to be
no let up. There is plenty OF prallle yet
unoccupied, but the prospect is very Hat
tering that these vacant lots outside of
the CITY limits will very soon be built
upon. One of the very important sales
nearly completed is the sale of the Lee
land Hotel. Mr.. A. j. Cooper buys the
land and building for about 100000, a
part of the consideration being in other
property. He sells the land for 1928, 200
to a Moses Williams and Lawrence
Minot of Boston. and OWN F. Adds of
this city as trustees. They lease it back
to him for ninety-nine years at six per
cent, or S37 800 per year. Mr. cooper
will lease the hotel at $4,000 for ten
wears, and sell the furniture for 800, 900,
reserving stores and basement, which
will Weld an income of about $4,000
The income on the property in excess of
expenses will be placed in the hands of
OWN F. Adds as trustee until $50, 900 ac-
cumulates, which will be used in i'm
provements, although the entire amount
expended will be nearer 100000 than
S50,OOO OF the 1925, 900 paid Mr.. Cooper
TOR the fee of the land, $200,0O is cash
and the rest is in the shape of bonds Sc
cured by mortgage running for ten years
at per cent The property taken by
Mr.. Leland in payment includes land on
the Grand Boulevard and Fitty-tirst
street, valued at 100000. This hotel is
one of the most popular in the city, and
is in location overlooking the Lake,
and the Michigan Central and other i'm
portant railroads. The great exposition
building, which has in years past called
thousands of people together every year
for quite number Of years, where the
most wonderful exhibits have been ex-
hibited, is being torn down to make
room 1Or some QUIET dJJIdCGlOu' w Ou-
derful changes are taking place in this
city of late, and still more are to come.
In another year, who may live to see it,
more wonderful than the people of this
continent have ever seen, will appear.
This city is to be the centre of great
events during the next two years. One
was uncalled for, and one we care but
little about-the Democrats expect to
hold their convention in this city, but
they hardly know who the lucky man is
to be. Mr.. Cleveland says but little, for
1 suppose he thinks there is but a small
show for him, and well he may, if nomi.
mated. And if Mr.. Hill should be, it will
be very lucky thing for the Republi'
cans, for he will be easy to beat. A Re-
publican president is as sure as the sun
rises and sets. can't see where there
is the least chance for the Democratic
party if the Republicans are true to &c
to the polls and cast their vote.
Corp. w. e. SHELDON.