Semi=weekly graphic., 1895-12-04
TO BUILD Up PINE BLUFF.
SOME EXCELLENT SUGGESTIONS or
FERED BY A PROMOTER OF
FACTORIES.
lie Believes That Factories Can be In
duced to Locate Here if Our
People WI Bnt Pun
Together.


paid our city n visit with the idea o
Inducing our business men to inter
est fhemsyes in a wood working
factory. In this plan he failed anC
he finally departed from our city
Since then he has written a letter te
Mr.. John O'Connell, of. this city
which shows that he still has con.
fidence in our town and hopes to
aid in inducing capitalists to invest
in certain lines of factories here. In
the letter he gives some ideas that
would be well for our business men
if they would follow them. The
letter is as follows:
ANDERSON, IND. November %, 1895.
Mr.. John OConnen Pine Bluff Ark.
DEAR SIR:-Sinee returning to
Indiana we have not changed our
minds concerning the possibilities of
Pine Bluff as the manufacturing
center OF its territory.
l win have business in Chicago
next week and will lay the adyan-
tages Of your city before some OF my
friend there who are well supplied
with means.
There are some Indiana capitalists
] ready 10 build plant to manufacture
school room furniture if they can get
satisfactory location in the South.
| herein inclose a plan of organi-
cation | spoke to you about, which
it may be worth your time to CON
slider. The basis OF this plan is the
value oi land, and the basis of land
value is a wage earning population.
In city such us Pine Bluff of
5000 people, the value of land above
win be nearly $500 per each in
habitant or four and half millions
OF dollars in round numbers.
0ne-half of this value isconfined to
q small area Of not more than a
quarter OF mile square at the heart
81 the city and the remaining half
Spreads out around the center of
the city limits.
1t will be admitted, that to
double the population of your city
from fifteen to thirty thousand
would more than double the value
Of land.
The fact. which Little Rock will
demonstrate, is asfollows: That the
percapita value of land increases as
the population. Whereas, a city of
Fifteen thousand has a land value of
$500 per capita, or four and a half
millions, a city Of thirty Thousand
has a per capita value of $500 or
Twelve millions.
To double the population of your
city win add about seven millions
to the value Of land under it. The
problem you have to solve is to get
paid out OF this increase for the
work required to bring it about and
for that purpose Isuggest the follow
ing:
The increase Of value which pre-
eeeds a growing town distributes
ITSELF in ratio to present values aud
~ will increase values generally in
about the same ratio.
If one man would half the present
~ Inc he would get half the Increase.
| propose that Il few of your
Progressive citizens organize a
Development Company for the
purpose OF locating factories and
Increase your population. YoH can
pay for stock in land at its APP
praised vtitie or III citsil. When YOU
have secured your company then
proceed to option for as long a
time ms you can, all the real estate
bow on the market, with the purpose
81 getting at least n million dollars
worth at present price.
You can afford to offer a share of
The ilcrease to the person who will
give a two years option.
The location of twenty average
factories will double your population
and as each one is secured you in
crease the yalue OF your property
W. 900 for each hand employed. The
advance will pay all costs after it is
started and considerable profitfor the
Stock. Fhe one million of lan1 will
work off early for two million, leaY-
ing ample margin for profits after
paying the bonuess required to
Secure the factories.
II your people desire to take this
matter | would be pleased to heal
from you, or il you want to secure
the Pondexter plant on terms named
IN connection with a furniture plant
we may do business with you.
Yours truly,
HENRY RAWRE.
--szs-
The services Sunday nigh
closed the term Of Rev. Johr
\ Carr's passionate at TIN