Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-05-13
DIvIDEhDSARE DERIVED

First-From the sale of lots, the en-
tire proceeds, less the small running
expenses of the Land Office, going to
stockholders.
Second-Building Of houses
Third-Transportatio 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 are
sold, after expenses are paid. goes to
the payment of Dividends The land
owned by the Company cost the stock
holders l cent per square foot. and it
now sells for an average Of II CENTS
PER SQUARE FOOT.
AS a seaside resort Petit Manan is
designed to be an improvement on Bar
Harbor, where land which was sold in
1872 for so per acre. has recently been
sold for s217, 200 PER ACRE.
It's advantages over Bar Earbor are
many. From no point in the most
thickly settled part of Bar Harbor can
a view of the Atlantic Ocean be OBJ
tanned. Bar Harbor has no safe
anchorage for yachts, and the water is
too cold for bathing. Petit Manan, on
the other hand. is directly ON THE
OCEAN, while it's bays and coves
afford safe harbor for craft, and it has
a bathing pool ten acres in extent, of
naturally warmed sea water; The only
one on the Atlantic Coast.
A deer park in area nearly as large
as Central Park. New York, stocked
with several hundred deer. Norway
grouse, hares, and cartridges. 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 a summer resort
Petit Manan for the first time will
OPEN IN JUNE of this year. Over
sixteen miles of roads are completed.
affording uneXcelled drives over a
country with an elevation OF nearly
two hundred feet above the sea level, a
continuous view of the ocean, groves Of
spruce. pine, birch, maple. and noun
tain ash: bays, coves and stretches of
verdure and rock formations, which in
magnitude and uniqueness of shape
are unexcelled anywhere on the Maine
Coast. Petit Manan's first season VIII
open with upward of sixty buildings
constructed. including hotel and club
house. The Company constructs houses
at d sH5Ht duNdHCe over COST anu VIII
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
$4,000. 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-PAYING 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-
ion can be obtained either in person or
oy letter at SIS CHURCH ST. BEL
FAST, MAINE. or 4O1 JOHN
BUILDING. Boston. Mass.
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