The Vinita weekly chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1905, 1903-12-03
LOT DEMAND
UNSATISFIED.
Sal eS Reach n p
$18,OQe-Livo,y
frOmthe Start.

TOTAL 0t all sales reach klI, ,bBb--
an average OF sl2l,73. The high
est price paid for any single tract
vas for the so foot fronting east,
towards the Katy, on which old
French Georges house stands
s415, N Willisms being the
buyer. The cheapest wac s14, one
Of the gravel-bed lots in Bull
sreek, above the mill.
The terms of the sale bsing one,
fourth down, II took but S4473 rs
to make the first payments aud a
like sum will be due March 28.
The balance will be payable 10
two equal annual instA!llnents,
without interest In the event of
failure TO make any Of the pay
ments the lots lapse aud will be
,fe, Id for the benefit OF the Chero
kee nation. These terms doubt
less had much to do towards slim-
ulating the prices OF lots, but real
estate men OF experience say that,
dl things considered, the prices
Of Vipita real estate are not high.
= That they offer better inducements
to the speculator or the investor
than do lots 10 any other Indian
! Territory town. Another thing:
II is regarded as an excellent Sign
that substantially all the lots
we're bought by people living in or
near Vinita--,hers we're two sx
ceptions only aud Que Of those
gentlemen spends good deal OF
his time here. There we're rs or
rs buyers, an average Of two lots
each A. L Churchill aud w. H.
Kornegsy led the list Of buyers,
with w. Il. HalseIl and Il Il Ri.
denhour as close seconds.
II was noticeable that whsnsvsr
The sales turned towards lands or
lots owned in quantity by an IN.
dividual, be at once ''goi In the
game" and proceeded 10 boust th-
price. This was particularly no
ticeabls IN the case ol @. NJ. Me.
Clsllan aud Col. l.. b Bell. Ill
wae estimated or figured nut by
someo1e that Mr. Mcclellan
bought some of bis own farm back |
at the rate OF $1,000 an scse.
In only one or two instances
we're lots started as low as the
government spprsieement (.hsy
bad to bring lhs) aud ths alacrity
with which the creek bed sold
showed that everything would ga
Al enme price.
Vinita is the only town In the
Cherokee nation where all the
lols reached the appraisal and
hence we're sold and the only one
OF two In the Indian Territory, the
other being Chickasha In the
Chiekasaw nation. That certainly
ppeaks we'll for the town-if she
needed any Dragging on, which is
not the case. That the demand
for lots was not Satisfied was
showed by the frequeat oilers of
prof. to buyers. aud sIme trades
we're made on that ba-i--bu,
murs refused
Friday morning last, after
brief explanation of terms Of
sale by President shipley Of the
Cherokee Townsite commission
at lot |, block !, (in Phillips ad-
dition) that tract OF ground, OF
triangular shape, was offered
for sale. I. A. Chandler Of
fered "ths appraised price,
but was promptly informed that
If he wished to bid he must
name amount $40" was his
reply. After a somewhat spir-
tied contest the first lot of the
sale went to W. p. Phillips, the
owner Of the farm from which
d was cut by the government
iownsite surveyors, at $i65.
Lot 2 block / adjoining, condi-
ions tho same, was startedIby =
Mr.. Chandler at 500 and went