The Montgomery advertiser., 1906-05-12
MARKS BUYS
 SCOTT PLACE Pays $75.OOO for River
 Plantation. TRACT OF t,3s8 ACRES It Lies on the Edge of Mont
 gomery. s.Haation is That Raiircad Yards Are rs Ds Enlarged aad That Fac-
 tory site Will Bs
 o2erea.

one of the most important real es- tate transactions which has taken place in Montgomery during the last year was completed last night when papers were signed, transferring the planta- fion of M ~ Scott, lying northwest of Riverside Park on fhe outskirts of the city to the possession of w. M. Marks. Jr. The deal included the change in ownership of 1858 acres. for which the purchase price was s75.0o0.
 The deal, which had been hanging fire for several days. was finally put through last night, when the new own- CT called at the residence of MT. sDtt, where the deed of sale was signed. Previous to that. negotiations had been carried on for some time,, and yester- day the parties interested in the case spent the greater part of the day ar ranging the terms of the sale.
 By the transaction the present owner comes into possessio nof q piece of land which, if plans now in the making are carried out, will be one of the most valuable pieces of property near the city. These plans, according to indi- cations which cropped out in connec- tion with the sale. include noth- Ing less than the development of a. manufacturing center in that section of the city's suburbs, a program in which three of the lead- ing railroads which enter the city Of Montgomery, it is said. will lend their cooperation.
 Enlarge Railroad Yards.
 In support of these intimations, it was announced yesterday by leading official of one of these roads that arr engagements are making for the leasing of portion of the property for use as yard, which will be three-duarters of a mile in length, and which will have q width of seven tracks.
 The position of the property purchas- ed by Mir. Marks yesterday lends strength to the report. While the en- :. was purchased as his own personal property, the land immediately adjoin- Ing it, and lying contiguous to the main lines of the Louisville and Nash vile Railroad and the Western Rail- road of Alabama, is owned by the Montgomery Land Improvement Com pany, in which Mir. Marks is one of the largest stockholders. Further, the land company has secured from both thess railroads. the privilege of free ltrackage. T
 Yesterday it was announced that the Louisville and Nashville has already begun making plans for the leasing
 
 yard, this land lying ons the property included in the recent deal. This strip will be wide enough to lay seven tracks { which will furnish accommodations for an immense amount of freight traffic. Sites For Manufactorfes.
 The conditions which have been briefly outlined, make the property which changed hands yesterday, iogi- cal center for the location of manu- featuring industries. While the new owner was reticent upon his intentions in regard to the disposition of the property, it is understood that his ob- pect in developing the Scott plantation, is to induce the building of factories. With free trackage on the Louisville and Nashville and on the Western Railroad of Alabama, the position of the property is ideal for manufactur- ing purposes. The fact that the Gen. trial of Georgia Railway uses the Wes- tern tracks at this point, adds to the value of the location. as it gives manufacturers the advantage of trans portation over the three systems. The Northwestern section of the city, more- over. it was argued. has become recog-