Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-05-05
DlvIDEhDSARE DERIVED

First-From the sale of lots, the en-
tire proceeds, less the small running
expenses of the Land Oilice, going to
stockholders.
second Building Of houses.
ird-Transportation revenues.
Fourth-Hotel and amusement priv
ileges. etc. etc.
The difference between The cost Of
the land, the cost of buildings. etc.
and the price at which the same arc
sold, after expenses are paid. goes t.
the payment of Dividends. The land
owned by the Company cost the stock
holders l cent per square foot. and it
now sells tor an average of II CENTS
PER SQUARE FOOT.
As a seaside resort Petit Manan Is
designed to be an Improvement on Ear
Harbor. where land which WAS sold Ia
1872 for so per acre, has recently been
sold for $21. 600 PER ACRE.
Its advantages over Bar Harhor are
many. From no point in the most
thicllly settled part OF Bar Iiarbor can
a view Of the Atlantic Ocean be OBJ
tanned. Bar Harbor has 10 safe
anchorage for yachts. ana the water is
too cold for bathing. Petit Manan. ON
the other hand, is directly ON THE
OCEAN. while its bays and coves
afford safe harbor for craft. and it has
bathing pool ten acres n extent. of
naturally warmed sea wa /: the only
one on the Atlantic Coas,
a deer park in area no .ly as large
as Central Park, New York, stocked
with several hundred deer. Norway
grouse, hares, and partridgcs, is an
other feature of Petit Manan, enjoyed
by no other seaside property and in
sures its popularity in autumn as well
as in summer. AS summer resort
Petit Manan for the first time will
OPEN IN JUNE of this year. over
sixteen miles of roads are completed,
atfording unexcelled drives over a
country with an elevation Of nearly
two hundred feet above the sea level, 4
continuous view of the ocean. groves of
spruce. pine. birch. maple. and noun
tain ash: bays, coves and stretches of
verlure and rock formations. which in
magnitude and uniqueness of shape
are unexcelled anywhere on the Maine
Coast Petit Manan's first season will
open with upward of sixty buildings
constructed. including hotel and club
house The Company constructs houses
ct Il slight NdiiNN pNCi NCst thiit " ~
sell lots With houses at from $1,000 up
ward to any price desired, and will
send on application sketches Of cot
tages ranging in price from $500 to
So. 900. putting up the lower priced
houses ready for occupancy in from
sixty to ninety days.
The stock of the PETIT MANAN
LAND & INDUSTRIAL COMPANY is
a SAFE. GOOD-PAYINCi INVEST
MENT. its value will be greatly
enhanced during the approaching sum
mer. and each succeeding season. as
this ideal resort develops and expands
Enormous profits have been realized
through the purchase of real estate at
almost every seaside resort, but at no
place have they been greater than
along the Maine Coast. notably at BAR
HARBOR PETIT MANAN is getting
the overflow from Names great resort.
Stock bought now will carry the June
Dividend, but application should be
made at once. Maps. prospectus,
sketches of cottages. and full informa
ton can be obtained either in person or
by letter at IS CHURCH ST. BEL
FAST. MAINE. or 401 JOHN
HANCOCK BUILDING. Boston, Mass
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