BoletiÌn mercantil de Puerto Rico. (San Juan, P.R.) 18??-1918, 1902-12-24
What's in a name !? 500 dollars
PEOPLES COOP. b. S. AND L. ASSN. WANT To
GIVE BUILDING LOT WORTH THAT
AMOUNT

The Peoples Co. operative Buildinp. Saw
ings and Loan Association desires suggestions
from its members of name for it's new sub
division in SanturCe and in order to stimulate
competition in the contest offers to give build
ing lot valued at $500 to the shareholder who
first suggests the name selected by the Board
of Directors.
The contest begins December 25th and
will continue until February Ist. 1909. when
the Board of Directors will meet to consider all
the suggestions offered and will select there
from the name by which the property shall hen
ceforth be called
One suggestion will be allowed to each
shareholder for each share of stock owned bv
him. Each suggestion must be made separate
ly on one of the printed coupons and must state
the number of the pass book, the number OF
shares owned and the name of the person
making the suggestion
They can be delivered personally or be
sent by mail to the Office of the Secretary of the
Association, who, Immediately upon their
receipt will number them consecutivey The
contest will close January 3Ist, 1908.
The property referred to in this announ-
cement IS that portion of the Olimpo estate in
Santurce situated on the hill overlooking the
bay, the inlet and the ocean. No more de
hghtful spot for home can be imagined. and
when the contemplated Improvements are com
peted, the Capitol OF Porto Rico can boast of a
residential suburb unexcelled by any city of the
world
Nowhere else con there be found the COM
bnat1on OF scenery commanded from this Joca-
ton To the north an unlimited expanse of
ocean, framed as it were by groves of cocoa
palms, San Geronimo the Inlet and San Anto-
Mo bridge forming the foreground of the picture
10 the west the broad eXpanse of the bay,
stretching from our very feet, far out to the
picturesque little viilageA of Catafio and Palo
Seco seemingly at that distance, toy hamlets of
tiny toy honses nesting amid forests of tow
palm trees quite in contrast with the majestic
walls and Notifications of the Capitol ard its
bright colored structures a few points TO the
north. Then to the south, in the distance the
mountains with their sharp peaks and abrupt
slopes, the ranges terminating in the east in
"El Yunque' overshadowing peak while in the
nearer lowlands may be seen the fields of wav-
ing cane and the stately stacks of the sugar
mills.
From sanitary point of view the location
leaves nothing to be desired. The central
point Of sub division has an elevation of 90 feet
above the level of the sea and slopes gradually
to the shore, giving perfect natural surface
drainage and rendering the sewerage system
an easy problem. The water supply will be
taken from the K1o PledraS aqueduct, the San
Juan mains passing along the .carretera, the
northen boundary Of the property. The prin-
cipal avenues through the subdivision win
have a uniform width of fifteen meters, with
twelve meters for the side streets The streets
are to be of maCadam, with granoithic or tile
sidewalks bounded by rows of tropical shade
trees. The avenues will converge near the
center Of the property, at a two acre plot that
is reserved for an hotel site.
The deeds OF sale will prohibit the pur-
Chasers from erecting edfces not in harmony
with the surroundings. This does not prevent
the erection of modest homes, but not house can
be built thot will detract from the beauty of
the general scheme.