Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1901-01-05

regardless of whatever source the
same may come, to the effect thai
either he for himself or for Olson
Gutter, Healy Company, ever made
any demand of any kind on of any
sort upon the Morris Investment
Company, or anything in the nature
of demand, either extortionate or
unreasonable, or of any kind, or ma
ture whatever, is an utterly untruth-
full assertion Olson, Gutter. Healy
Company purchased, because they
wished to purchase, the eight lots in
question at the advanced price of
$l2,5OO.OO and paid So, 10000 thereof
in cash and the balance thereof by
surrendering all of that Company's
stock in the Morris Investment Com
pany, at the price fixed thereon by
the four directors not interest.
ed Ill Olson, Gutter, Healy
Company-a price which afforded
Olsen, Gutter, Healy Company, call
ing the lots worth $12,500,00, the
agreed price thereof, "a premium
upon that Company's stock of some
where in the neighborhood of one
hundred thirty per cent, or, calling
the lots worth the price at which
they were originally appraised, i. 9.
$4,000 less than Olsen. Gutter,
HeaIy Company paid for them, con
siderably smaller premium; but that
anyhow Olsen, Gutter, Healy Com
pany, Mr.. Spooner says, has no fault
to find with the transaction and is
and always has been entirely salts
fed Herewith; that the s only
question or propositions now
for consideration is. whether
or not the Village of Morris shall be
given its fair share of the twenty-one
unsold lots in block four, of the nine
unsold lots in block two, and of the
twenty-five lots in block one which |
are all unsold excepting the rear end |
of the north five thereof which was
sold to the Interstate Grain Com
pany SO that including some rent
ais, the Morris Iuy estnaeutts Company /
received therefor in the neighborhood
of $125OOO.
IL we add together these $125O.OO
the $18o5.OO paid by Mr.. Kruger, the
$l2,5O0.OO paid by Olson, Gutter,
Healy Company, the $1,000 paid, or to
be paid, by Weum & Berg, the $125l
paid for lot one in block four by
Mr.. McConyilIe, we will have total
of Sis, ,456 realized for lots sold, with
out including incidental RECEIPTS.
whatever they may have have been,
for any rental privileges not referred
to herein.
The foregoing is enough to inform
the public-the tax paying public
that the proceeds of lot sales prior to
December 18th, were>at least nearly
to pay the small expenses
incidental to the incorporation of the
Morris Investment Company and the
of it's affairs, which
probably did not exceed $4,000, all
told, to reimburse the contributors to
the improvement fund which took
somewhere in the neighborhood of
Sl6OO.OO-perhaps little more, per
haps little less-and repay to the
investors the 100000 purchase
price; and leave nearly or quite
enough surplus net profits to offset
the $7500.OO charged to the Improve
ment Committee on account of widen
ing of Atlantic Avenue and against
profits OF. e1wise to accrue to the +,
Village of Morris out of it's half
which the Village of Morris was en-
titled to receive of all the profits of
the venture; SO that as, several times
stated, on the morning sof
December 1lth, the Village of Nor
ris, through the Improvement Com
mittee, owned essentially one aalf Of
The twenty -one unsold lots in block
Four, the nine unsold lots in block s
TWO, and all that was unsold of the {
twenty-five lots in block one; and II
again it may be asked, how did it
aappen that the village got so little t
If all that it was entitled to? Why /
lid it get the unstable and none of (
he desirable lots? Why did it get G
OTIS of the appraised value of only (
'34OO 90 when it was obviously en- t
tiled to lots of average desirability Ii
md of average eligibility and of an t
LpDraisad vall1n of ovor S10 000 M n