New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-04-20

AS an answer TO many Inquiries as 10 the plan
upon which purchases of stock and alotments are
made. the following explanation is furnished; No
s's or I've
!par value Of shares 500, which would require an
investment Of go II investor desires S te e, bs
business lots in the city and ve-acre tracts having
a0ed he ca 50 Sass w ns the
subscriber TO an allotment and the other iour
shares stand an The party sscas
upon it by the colony company when ne receives
his allotment and take deed for the same an, .s Or n of
alternate lots will equal Its valuation win d Inc
Vixen he % be Hs the
deed in fee If there be any add,ionai pr ,bsn
each shareholder will receive his pro rata Of 9th. the
same. That there Will be accrued prontss arisns
do Sb by Sae record Of Hs
Mr. Fitzgerald recently supplemented this explains,
nsc In a Tong sa only
had been ne1 9ns a 10 she as many
Ss @ ns met nsx
and in fact. it IS NOT profitable to the company to
dispose stock even member comes ne s, tn *
and gets an allotment Of city residence lot There
Is profit in it the cSn 10, np nEsa ior he
$50 for stock and $40 for his deed the colony THEREBY
$40 ys o PROFITS with
ThsrstGre our income must be derived solely
day or two ago a still further explanation. Taking
forty-acre tracts by the way the twenty acre ones
having exhausted the supply OF land ne SAID e
shares Of stock. costing $50 The estimated profit
making total of $3.50 to the credit Of the stock.
eSmeany will MHG give hts de sdo and
be Su on hs
represent at the end Of the six years ss and to get
sl2i II a man wants his deed now, without waiting
for the winding up OF the colony companys anars;
SO can on se business lot exclusive Of fs investment
shares. There are two classes OF shares-aIotmeht
and investment.
Early in the life Of the colony It was possible 70
Jet allotment on single share cost $40 although
ment no matter how many shares he might have
bought. To all Appearances. these people are going
a, that they must pay the colony more money in
order to get deeds w"en the company goes out OF
1t was understood be the original intention that
IL the Of s c Ss nd m TeseSed o sale
by the company. for the benefit of the whole body OF
bsns 0H for But this
mont not carried out. The colony has reserved
sod bocks seven lots to IL block in the heart
the city and has sold LOT in some other blocks
n noDe could i'd Be reserved The aiOi
viii Consume the last OF the eompany's land but
he o hss eTds Which sy Be
torty-acre ailo,ments The twenty-acre tracts are
ss wsr a S ss , Sns Sd
twenty-acre allotment on the understanulns tnas
around the city He found. though, that they ex-
tended fully three miles. and then came the ten.
too far for his comfort, so he traded hs twenty
place for city residence lot. and is happy
way are the city los. The business lots are EACH
I'D Trad nd
Of business The residence lots range from 10 feet 70
feet tefS inches lesnT' depth ortaby large
cannot be built one of these lots. especially here
Snh esenfa To make Ire oeabe in
weather without using up practically all ne ne With
II is reported that some one who complaired 10
him Of The of the lot 1a Mr. =, Fz s fo have rs
the -idence lots sixty feet wide and the business
very at the price, then fixed for that the
figure was lowered-and the width OF the lots as
In his statement In January Mr.. Fitzgerald deyot-
ed space TO warning against speculation,
deed his i' ruling being BASED The ground ,hat
belongs to them until they fulfil the agreement Of
Improvement on the same prior to October a 1885;
amounts an" SH to nothing This is done ts prsven,
work done by our active members.
hs "s eVerts to the
pany in certain contingency. members say tnat
bsnsh, no h eY aomn Or since then
and they will resist any effort to take their land
pnay Centred in ~q r Fitzgerald since the Board
OF directors have been named by him alone Al
not recognize Sales Il ai:otments unless a deed
be executed then and there. yet the reaesta;e men
ments offered him by actual holders at a certain
sys The drsa ssa dsaers M sens
tales OF prosperity. One YOUNG fellow beasts that
and soon getting into the real-estate business with
partner. has never since then made less than 70
Closing out options and also had secured not
few excellent bargains from men who wanted to go
price. High officers OF the colony company he said
and Is common tax her large and per-
investment stock although he carried also much
realy buying il At share par being sO 5,, In the
According to the figures on the big map in colony
az prices ranging from $40 o '1r the sdgc OF IN
inches by 10 feet 10 inches run all the way up to
Is 900 Rea-estate men say that these map figures
rannot he had for less than 5000 to $4,000 each.
These evidently boom prices. in view of the
future. but Fitzgerald Is not the first
place in which the speculative food has risen high
with inevitable subsistence later on.
INFLATED STORIES OF INVESTMENTS
Much has been printed about the rich men who
ire here and who going to invest large sums
lere but they hard 10 find. Dr. Manner. in his
Atlanta interview, said: I'VE now have capitalists
IN the ground who worth from 100000 to $780,
90 each" The writer quoted that remark 20 an
,ther colony officer. who said: Didn't he say up
o 10000? No? Well DR. Manner is all wrong
bout that. don't know OF any man worth 100000
Who has here Most OF the men are comfort
Lbly placed but there are rich Mr.. Fitz
,erald. though. may be worth 100000"
One man who had been heralded in the press as
me w has Georgia stay. and who has
of
o.ony, for that is the sum he proposes 10 invest
n building up the city OF Fitzgerald" found by
IN investigating correspondent Of an Atlanta paper
o have much more confidence than cash. He did
| little dealing in options. but has now departed
nobody seems 10 know whittier.
In another mart ~ hIs statement Mr. FITZGERALD