The Savannah morning news. (Savannah, Ga.) 1900-current, 1903-06-17
LAND PASSED HANDS
AT MERCHANT AND MECHANICS
LAND co. SALES
$4,000 WORTH OF REALTY
WAS PUT UNDER HAMMER, AND
MUCH WAS SOLD.


for $4,000, but Was Not SOId-Syn-
dictate Nay He Formed to Buy it
In-LOts on ThunderbOIt Road,
Dale Avenue and Bonaventure
Road Brought Good Prices-SaIes
Were Well Attended.
Over SIS, 900 worth of valuable coun-
try property lying between Savannah
and Thunderbolt was offered at the
auction sales of the Merchants and
Mechanics Land Company yesterday
morning. Nearly all of the offerings
were sold, the tract known as East
land" being the only piece of any con-
siderable value which did not change
hands.
The largest sale effected was that
of the Hamilton tract, though there
were several others which aggregated
almost as much in purchase price.
The Hamilton tract, consisting of 104
lots and a number of houses, adjoin
ing Eastland, was sold to DR.. B. S.
Purse for $4,000. This property is sit
uated near the Meadows" and is con-
sidered valuable investment property.
1t is DR.. Purses intention to improve
it. The price paid is considered low.
The Eastland tract was offered at
an upset price of $50, 900, but was with
! drawn because of no bid. Mr.. Dorsett
in his place stated that he was conf
dent that a syndicate could be formed
to buy up the tract, and said that had
it not been for his indisposition he be-
lieVed he could have found such pur-
chasers. It is yet probable that such
syndicate will be formed.
Sold at Upset Price.
The holdings were offered at mimi
mum prices, which had been fixed by
committee of the stockholders the
sales being made for the purpose of
winding up the business Of the COM
pany. The conditions of the sale were
one-fourth cash, and the balance in
one, two and three years, the stock
holders being allowed to use their cash
at par, and to pay in all of it, or any
portion of it, provided it amounted to
one-fourth of the purchase price.
The tract of land known as Wheel
mans Park. on the northeast corner of
Dale avenue and Thunderbolt road.
containing seven acres, was sold to
d. J. Morrison for $217 an acre. The
purchaser was privileged to take eight
acres adjoining to the east. but did
not do so. The eight-acre tract was
sold to John l.. Archer for $207 an
acre.
Four acres on the north side of Dale
avenue, a short distance west of Thun-
derbolt road, known as lots 6, and 8.
Grimm's subdivision, was sold for $106
an acre to A S. Nichols: 10 26 acres,
in lie
was sold to Charles Rowland for SIS
an acre.
Seven lots just across Dale avenue
from Wheeman's Park, go feet front
by $50 feet deep. adjoining the corner
lot, were sold to J. ]. Joyce. The price
paid was $107.50 a lot. The balance of
the block, containing twelve lots, was
then offered, and sold to John l.. Arch
er at $S5 a lot. The corner lot, adj
joining the last named lot on the east
was also bought by John L. Archer,
the price paid being SIS.
Lots on FhunderbOIt Road.
Three-quarters of an acre. fronting
100 feet on Thunderbolt road, and run
ming back 400 feet. to the corner of
Mechanics avenue, was sold by lots,
the tract being divided into three parts.
Two of these were bought by A. S.
Nichols for $176 each, while the other
was sold to DIR. Purse for $175.
Lots 92, SO, 81 and 95. on the Thun-
derbolt road, near lie Pantoville, nav
ing dimensions of 5Ox20O were sold to
A. S. Nichols for 5000. The adjoining
lots, 90, SO and 80, extending to Shup-
trine avenue, each fronting 120 feet on
Rowland avenue, were next offered.
Lot 90 was sold to A. S. Nichols for
$77. The same price was paid for each
of the other two lots, ]. J. Joyce being
the purchaser. Lot 100, separated from
h. lofe ,rt,N
sold to John c. Rowland for $125 Lots
101, 102. 103 and 104, continuing on the
same line, which have a frontage of 100
feet and a depth of 200 feet, were sold
to the last named purchaser for SEQ
each. John L. Archer bought lots los,
106 1O7, los, 100, ITO and II. in the same
subdivision, paying $445 for the seven.
Lots 1856 to las, having an aggre-
gate frontage of 100 feet on the Thun-
derbolt road, were sold to DR.. Shup-
| trine for SCI each. Seven hundred feet
| front on the Thunderbolt road, just
beyond LePantoville, with a depth of
900 feet, was offered in nine lots DIR.
Shuptrine bought all nine for $3.50,
being an average price of $40 lot.
Land Near BOnaventure.
Lot 5, having 100 feet front on Bona
venture road between Whatley ave-
nue. and Mechanics road in the town
of Warsaw, was sold to Carl Schulz
for $40. Lot 6. adjoining. was bought
| by John c. Rowland for $3.50. Lot Z,
| on the corner. fronting 100 feet on
Bonaventure avenue, and running back
! on Whatley avenue, having on it
| small house. was sold to John L. Arch
| er for 1920. Lot s, in rear of last
named lot S0x350, was bought by the
| same purchaser for $120. Lots 9 and
10 were offered at an upset price of
! 800 but were not sold.
| Lots is and 10, in the same sub
| division, were sold to Carl Schulz for
Sl91 each. Lot q, the first lot on the
right after leaving Bonaventure road
! on the way to Thunderbolt, which con-
! tains 31a acres was offered at an up
set price of $3.50, but was withdrawn,
| there being no bid. Lots 81 and so in
the same subdivision, fronting on
Dale avenue were offered for 500 each
but We're withdrawn, there being no
| bid.
Several lots in subdivision 3, Levy
avenue, were offered, but the upset
price not being bid. were withdrawn.
The date of the next sales of the
company have not yet been decided
| upOn but will be announced later