The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-11-17
IMMENSE LAND SALE
Half Million Acres OF the
State Land Wanted.
With Sixteen Million Dollars Backing Company
Will Build NJ lis ard Improve Lands
in Many Eassern Counties.

Additional particulars concerning the
proposition to purchase State lands from
the State Board of Education made at
the recent meeting of the Board is fur
nished by the Kinston Free Press, which
saws
Mr. 7. c. Wooten returned this morn
ing from Raleigh where he, yesterday.
representing a New Jersey syndicate.
submitted proposition to the State board
of education to purchase 100000 acres of
the public londs lying in Onslow, Jones,
Fender and New Hanover counties.
The offer made by Mr.. Wooten for
the land, which is now lying idle is so
cents per acre, twice the price fixed by
law for 1t, and the object of the synd-
cate is to survey and plat the lands and
improve 1t for colonies of home seekers
who will be induced to immigrante to this
section from other parts of the world.
Since leaving Raleigh, he has received
telegram from the syndicate stating that
If favorable consideration was given the
proposition $4,000 or $4,000 would be
deposited in the bank as forfeit by the
company pending the survey and plat
ting the lands by the State board of
education, if the company did not take
over the lands as stipulated in the offer,
at the termination OF the servey.
The syndicate WILL then the survey is
completed pay to the State board of edit
caSiOn $lo0.000, half of the CONTRACTS
price for the whole. and at the eXpira-
ton of one year from date of conveyance
the remaining $150,000 viii be paid. The
expense of the survey, which is to be done
by the State board, and for which three
months will be allowed will be borne by
the syndicate. During this time the
syndicate. During this time the banks of
Kinston will profit by the use of the
deposit.
For three months past Mr.. Wooten
has been boing in the section in which
these lands lay searching titles and look
ing over the situation for the syndicate.
Immediately following the conveyance
to the syndicate by the State. If it is
done, the company will become domesti
Gated under the laws of North Carolina
and begin in improvement OF the prop
erty for hOuse-keepers, who it is con-
tempated twill be composed of thrifty
German immigrants in search of lands on
which to locate.
The syndicate is said to have back
ing of $16.0OOO 600 and will build mills. rail
roads and improve the lands for cultiva
ton. and besides the purchase price to the
State public schools the lands, which are
not now a source of any revenue will
then pay into the State treasury a large
amount in Texas, besides developing a
desirable portion of the State that can
only be developed by large capital.
The State Board of Education has the
matter under consideration and as soon as
the negotiations are ended. if the propo-
sition Is accepted, and the survey Is made
the company will begin operations at once.
The proposed plan is one of the vast
important to Eastern Carolina and the
development of this large public land APP
parenty will be of great benefit to this
section of the State.
Concerning the proposition of dispos-
ing of so vest State property and the
benefits To be derived from it, by this
section. The Free Press invites comment
from its readers and will be glad to hear
from the people along this line