The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-09-12
YANKEE GRIT.
Mixed With Shrewdness, 1t Is Building .
Fortune Out Of Nothing.

Mixed With Shrewdness, 1t Is Building .
Fortune Out Of Nothing.
American shrewdness is we'll illus
ira ted in real-estate transaction that
occurred in a small town not many
miles from the city. On capital of
seventy-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 be
done. Having a place where he
was always sure of accommodate
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 long time he had no.
ticed 2SS-acre tract of land adjoining
town of 5000 inha bitants 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
x
credit. He next engaged surveyor
who laid the plot out in 900 lots and
charged him $3.50 for his services This,
likewise credit. He thought it would
be a good idea to have street railway
loca ted, and as time was money in his
case. he succeeded in getting charter,
through being a friend of the governor.
in three days
He next announced through adver-
tisements obtained on credit that he
desired to sell a number OF lots at two
hundred and fifty dollars each. condi-
tionally; that is, no money was to be
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-five thousand
dollars worth of property was dis
posed of 10 some OF the most solid
citizens of that town and Pitts burgh, a
great deal being sold in blocks. About
this time. the creditors who had IA
NoItt MIX were bCE ~ - 80 -
their money. so in order TO fasten
contamination of his plans he called
upon a prominent manufacturer OF
Pittsburgh and made him PROPOSE
ton that # he would move his works 10
this point he would give him so much
ground and cash bonus besides
All this time the promoter had moth
ing but his seventy-five cents and cred
itors We're pressing him on every side
The manufacturer refused 70 locate
until he received deed Of the prop
erty. The promoter here met another
difficulty He eouldu' get deed until
he paid for Il He finally sax = way
GU; OF i and asked the manufactures
if he wouldn't begin digging Tor the
foundations. assuring him that the
deed would ne forthcoming IA dae time.
This the manufacturer did. and no
sooner was the stone hauled and the
ground broken than the real estate
man called upon his purchasers for
half the purchase money. according TO
agreement n a couple Of days he
had $1,000 in his possession With
this he was able to pay The Fnanufac-
turer his bonus. To settle all his oebts.
and. By placing several mortgages. 10
purchase the property. He ROW has
four manufactures rnder wav. fwo
squares OF railway lad and | .1o9 lots
left after having paid for everything
and allowing himself q liberal salary
besides -PistsnurZn DssDasch