The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-04-11

ter the now famous PLACID Place" wai
opened to the public, it became evident
that the great tide of home-buiders had
been diverted in that direction. and that
Norwood was the nucleus of what was TO
be the most extensive land in not a few
respects the most desirahle) residence dis
trict in the city of Birmingham. The de-
mand for property in that portion of the
North Highlands steadily increased until
last summer, when the location of the
new union passenger station within a
few blocks Of Norwood turned this grow
ing demand into something very much
like popular clamor. People Insisted on
buying lots in the vicinity of Norwood
and we of course, could not refuse TO
sell them.
IT STIMULATED SALE
The sales of these outlying lots con.
tinued to increase, Notwithstanding the
fact that the prices which we placed upon
them-and some of them were unimproved
were on a parity with those which we
charged for lots inside of Norwood. In.
deed, instead of checking sales, these
prices stimulated the buying It is but
Just to those who have purchased this
outlying property to say right here that
the beauty and general attraetiveness OF
1t fully justified them in paying those
prices and they showed good judgment
in doing so.
This extraordinary demand continued
throughout the fall and winter, and ID
we'll maintained at the present time, while
indications warrant the belief that 1t will
be sharply accentuated in the near fu-
ture.
FOR THEIR PROTECTION.
These conditions made it necessary thai
take some steps to protect the in.
terests of holders of property within the
original bounds of Norwood. and we have
done this by advancing the price of the
few lots of our own in Norwood and the
price of all our property in the vicinity
The figures which we have named are
guarantees to every individual holder in
Norwood that his property will not de-
precate under any circumstances which
1t is possible to guard against, and he has
more than a reasonable assurance thai
1t will steadily increase in value. Thus wa
have obeyed fully the spirit. If not the
letter, of our voluntary. spontaneous bond
with the people of Norwood, and what
promised to be a yexatous problem has
worked itself out in very pleasing way
We have protected our old patrons with
out checking the development of Biz
mingham.
AS TO THE PRICES.
The maximum advance $50 the front
FOOT is upon two or three choice corners
inside of Norwood. The minimum ($5 the
front FOOT applies to most of the few
lots which we still own in Norwood and
to the greater portion of our property
In the immediate vicinity. So speaking
broadly, the advance means an increase
in value of property on the Eastern
North Highlands to the extent of 50 the
front foot.
THIS is FAIR TIME.
In postponing the advance until the
first of May we have also had in view the
interest of those who intend to buy lots
and build homes this year. We think we
have given such persons a fair amount
of time. Surely. those who intend to
build this year ought to be able to see
their way clear between now and the
first of May. Those who delay their de-
cision beyond that day are certainly
standing in their own light, as we have
candidly said from time to time.
We have other reasons for this advance,
which are of vital interest to home-
builders, but will reserve their announce
ment for the present.