The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1906-10-26
Lincoln Park Addition to
Gary Bears Earmarks
of Fraud.
LOTS IN DUCK SWAMP
Uncle Joe Cannon's Name Used as
Side Suggestion in Further
ing Sale of Realty
Especial to Lake County Tlme.l.

Gary. Ind, Oct. 25-when small men
desire to exploit proposition they bor-
row or rent the use OF prominent
name. With the same purpose your
larger promoter makes a corporation.
officers it with puppets. whose resigna-
tions he holds in hand before he elects
them and gives it well-sounding
name.
The latter method seems to have been
the one pursued in the disposal or forty
acres Of land recently purchased by
Walter lie Seur a banker-p promoter OF
Danvile. III. and w c. Piper. an east
ern promoter. LeSeur is a son-in-law
of Uncle Joe" Cannon, who is well
versed in the art of hiding promoters.
and whose name was traded upon as a
sort of side suggestion IN the deal. It
is even said that Senator Hopkins or
! Illinois is interested to the extent OF
getting slice of the luscious melon
About two months ago the United
States Land company took over forty
acres purchased from the old Exunerk
estate in the southwest quarter or Sec
ton sixteen, township tiirty-six range
eight west Of the second T. NJ The
name apparently was chosen to make
il seem officially connected with tne
steel corporation, which it is not The
purchasers paid s125 per acre for land
that was frequently offered for sale be-
fore at s23 per acre. The latter price
is more than it IS worth now
The Z. S. Land company hired a Bos-
ton engineer to survey the forty acres
and convert it into six hundred lots.
They bought a title guaranty policy
| from the Chicago Title & Trust COM
pany and this. of course, would have
the effect of landing the public more
easily. The policy, by the way. insures
the purchaser of a lot to the extent Of
about $3.50 when pro-rated on each
lot The purchaser of A lot would feel
very secure in his title if he knew he
was insured to that extent.
These lots are the ones that are be-
inG offered to the public in large ad-
vertisements every Sunday, as being IN
Lincoln Park addition to Gary. the
most desirable residence section: the
plat approved by the president Of the
board of trustees and it's clerk" IN
their behalf it should be said THAI the
board OF trustees made the promoters
comply with every possible demand be-
fore finally, reluctantly, approving what
they feared to be a get-rich-quiclx
scheme.
sold in that addition lie exactly three
and one-ouarter miles from either the
business Or residence section or Gary.
They arc in the extreme southwest COR
ner OF Gays corporate lirlies. which
comprise some twenty-five square
miles. Two of the meander lines OF the
Little Calume- river, nearly five miles
from Lake Michigan, run through the
: trac-. This means that at some time
: durir the ear, al lease part OF the
land is good duck hunting ground. The
entire tracc IS surrounded ey the Toll
l lesion Gun clubs hunting grounds.
which are Of course, largely low lands
covcr-n with high water ~ ,ic spring
and fall. 1t hes west OF the extension
of Broadway nearly mile.
r The company graded the streets and
put up street markers away out there
in the country. In fact, they have
made the proposition seem as nearly
, bona-fide as possible. If they sell as
. planned they viii clean up over $4,000
which allows some $4,000 for cost, sur
> vey, title guaranty. grading and adver-
. tising. A nice little sum for a little
work, some scheming and alenty oi
nerve all of which is but az led evi.
dence that the American public is {
good field 70 work.