The Banner-Democrat. [volume] (Lake Providence, East Carroll Parish, La.) 1892-current, 1893-11-04
YANKEE GRIT.
Mixed with Shrcwdnces, It rs Building
Fortune Out OF Nothing.

Mixed With Shrcwunces' IL ~ nuHons
Fortune Out OF Nothing
American shrewdness is we'll illus
trated in real-estate transaction that |
occurred in a small town not many |
miles from the city On capital OF
seyenty-five cents man possessed him.
self of two hundred and twenty thou
sand dollars worth of property. Six or
seven months ago Mr.. Bla nix met with
some losses in business which cleaned
out what capital he had and left him
with seventy-fve cents in his pocket.
He realized that something had to De
done. Having place where ne
was always sure OF accommoda-
ton he wasted no time, but on
the very day he met his loss
he began to look about to turn. some
thing up. For a long time he had no.
ticed a 2ss-acre tract of land adjoining
a town of 5000 inhabitants which he
thought would make great real-estate
investment. He went to the agents OF
the estate and secured a ninety-day OPP
ton on the place for $3.50. He didn't
have the money, but being well known
| in the neighborhocd, he was given
credit. He next engaged a surveyor
| who laid the plot out in 1900 lots and
charged him $3.50 for his services. This,
| likewise credit He thought it would
| he GOOD idea to have street railway
located, and as time was money in his
case, he succeeded in getting charter.
through being friend of the governor
in three days.
He next announced through adver-
tisements obtained on credit that ne
desired to sell a number of lots at two
hundred and fifty dollars each, condi-
tionally; that is, no money was TO oe
paid on the purchase until he had
broken ground for the location OF some
mandatory employing not less than
two hundred men. When such fac
tory was started the buyers were to
hand to him half the purchase money
In eighteen days eighty-fve Thousand
dollars worth of property was dis
posed of to some OF the most sole
citizens of that town and Pittsburgh,
great deal being sold in blocks. Abou
this time, the creditors who had Ia
/, yored him were beginning to press To-
: their money, so in order to fasten
! contamination of his plans he callet
! upon prominent manufacturer
Pittsburgh and made him a PROPOSE
: ton that if he would move his WORKS =
I this point he would give him so rnucl
= ground and cash bonus besides.
ALI this time the promoter had moth
: ing but his seventy-five cents and crec
: itors were pressing him on every sidt
The manufacturer refused to iocat
until he received deed OF the prol
erty. The promoter here met anothe
. difficulty. He couldn't get deed unit
: he paid for it. He finally saw a wa
:. - ont of it and asked the manufacture
:. if he wouldn't begin digging for tn
: foundations, assuring him that tt
deed would be forthcoming in due tim
: This the manufacturer did, and I
sooner was the stone hauled and IL
70 ground broken than the real esta
= man called upon his purchasers I
20 half the purchase money, according
:, !. agreement. In couple of days
u had s42,500 in his possession. Wi
~ this he was able to pay the manufa
" turer his bonus. to settle all his debt
- and, by placing several mortgages,
" purchase the property. He now n
II four manufactures under way. tv
n squares of railway laid and 1,2o0 &c
81 left after having paid for everythil
and allowing himself liberal saia
as besides. Pittsburgh Dispatch.