Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1893-12-16
SIGNERS SAVED.
me COLUMBIAN Endorsers Ac.
cept Plan.
THEY WILL POSSESS THE land.

S'sss"9 =" Many Lots Fact. the c.,...
bio" Trset WIN Pas. lot. rs~,. 49,.
ss'e Adjesrsed rssi Dee. STA NJ.
ter os'a"''k for rhese s.ser-,,.s.
Az the meeting ut the Office nj,
"aeSso" 4 Hurst last evening. Of the
note s'gners. under which the Cob
umbian tract was secured from IN.
Brooks heirs by Mcssrs. William J,cr.
son and $. II. velie to he hela ,or
the purposes Of the proposed, but
abandoned Twin-City enterprise. n
plan was proposed whic, seemed In
'e tue most practical solution vet
presented OF the complications that
nave surrounded those who. purely
IN the interest of public cnterprisc
appended their signatures to the
paper under which the first payment
Of money was obtained.
There was a large attendance Of
those Interested. Henry Carsc being
called to the chair. and b. c. Kcator.
acting rs secretary. The latter pre-.
sented the plan looking to the sue.
eess'ui disposition of the Land in be-
nall Of the cndorsers. which. while
involving further immediate out.
lay on their par, would relieve them
Of the responsibility at present re.
posed in them. and cut of accumu-
iating interest and other increasing
responsibility and liability. and give
them IN return real estate for their
investment. The idea advanced by
Mr.. kcatOr was that each OF the en-.
dorsers should subscribe for so many
iots' The condition being that the
agreement so signed should not be
binding on any until enough pledges
had been secured to meet the pay
ment due for the possession of the
entire land. the note signers to have
the hrst right of purchase, and after
all hsd had opportunity. others de-
sirir g to be included on the same
terms should have a chance to do so.
Alter an extended discussion this
scheme was approved, and John
Ohiwciler by unanimous vote Sc
lected To bid in the property at the
public sale this afternoon for his as
sociate note sicncrs.
Messrs. +. II. Guyer. OF Rock ISL
and. and Gustaf Swensson. of Mo-
line, were appointed appraisers. they
to select third. and after this COM
mittee has placed value on each
lot. all are to be numbered and placed
in hat. and on Tuesday evening.
Dec. PC. at the Harper house. the
subscribers to lots are to select their
individual possessions bv lot. All
present put their names down for
five lots each. and this morning n
number of Others associated in the
original transaction did likewise.
while Mr.. keator. who undertook the
task Of placing all the lots. a total of
121. had assurances that he would
complete the list in the two cities by
the time Of the sale. In such an
event Mr.. Ohlwcilcr was to bid the
land in in the capacity Of trustee.
Tee Amount Due.
The total amount due now on the
land. including taxes. interest and
Otucr Inciucut3is. u <to.VJJ. u pay
nicnt of $4,000 having been made on
the title Of the real estate passing
into the hands Of Messrs. Jackso
and v-lie on the Twin-Cifv project.
The notc-sisners. it was reported
last night. had all paid their proper
ton Of the notes, with the exception
of one ia Moline. who had made
arrangements to discharge his obli-
cation.
| The =. Ir To tPonrt.
The sale was set for 2:3) this af-
ternoon ut the Columbian grounds.
but mt that hour. Mcssrs. jackson
and vclie adjourned the sale until
! Dec. %. ut the same hour to enable
the completion of the list Of Pur-
| chascrs. This action will necessarily
cha nre the time of drawing of the