The French Broad hustler. [volume] (Hendersonville, N.C.) 1896-1912, 1907-03-07

Win bne Dig lake pro1ect, Is OF ~
Interest. an
Shall we have million dollars, =
on Henderson county this year or notP
u can help to answer the question.
For about four and one half months
the question of lake or no lake has been
agitated and there has been some strong
work done for it by some of our repre-
sentative, public spirited citizens.
The people have come nearer baing a
unit on this question than any other
question that has ever been before our
people. Some from one motive and
some from another, we have had few
pessimists and few croakers, but only
q few.
The originaters knew from it's incep-
ton that it was going to be a hard
thing to carry through on account of
two things. First it would require a
vast amount of money to carry out the
plan on q sufficiently large scale to make
it success. There was only one plan
to do and that was to get up q large
body of Lake Shore land at its present
value and put 1t in with the submerged
land and get . Real Estate Develop
ment Company to buy the whole bound
ry andlbuild the lake, boulevard, drive
! ways and electric car line and take
chances on these things advancing the
price Of the lake shore land enough to
get back the c0st of the original tract,
the cost of the boulevard, drive ways,
electric car line, parks, street and land
scape work .neccessary to make it
thing of beauty.
We have succeeded in finding such a
company and they are ready with the
money to pay for the land and put In
the improvements contemplated and
spend from 1000 to $4,000 year in
Magazine Advertising, which will reach
the wealthy people from Maine to Cali
fornia and from the lakes to Mexico and
put Hepdersonville prominently before
these people every month. They say
they will be compelled to bring veal
thier class of people here than have
ever come here in order to be able to
sell the real estate for prices that will
get their money back and 8 proatcn the
investment. They are men who are ac-
lively engaged in the real estate devel-
opment work and on making success
of it they know just about what they can
afford to pay for the lands and add to
that the cost of all these Improvements
and get their money back with pay for
the investment and risk. They haYe
been here and looked over the entire
boundry and submitted definite offer
for each mans land that is necessary
for them to own. Here we strike the
second and greatest difficulty that we
expected to strike when we started out.
There are 135 people to be traded with
before we can have the lake. If each
one of them should get excited enough
by the agitation to ask 800 more for
his land than he did before the agitation
was started that would make differ
ence in the total price of 81, 500. 1t is
but fair to some of the land owners to
say that they have come forward and
put their land in at exactly what was
offered for it and three men have put
theirs in for less.
One of these men Is Henry Hyder who
put his land in for of what he was Of
fered for it. There are eight men who
have put theirs in for what they were
offered. Eight and three is are eleven
take eleven. from 125 and you have ia
left. OF this number hardly any but
ask 800 more than was offered and
nearly all of them want as much as $500
and many of them want as much as
81, 900 more and some SO, 600 more than
was offered.
1t does not take much of a igurer
to see that we soon get fifty or
sixty thousand dollars difference be-
tween what was offered for the land
and what is asked for it, ia at S5CC
is $57 900 and 114.:s 81, 900 is S1l4, 900 rbe
prices offered were submitted to several
parties some of whom were the land
owners In question and some were no
but were well informed as to real estate
values here and elsewhere, al d the
unanimous decision was that they were
fair prices. 1t is true that the asking
price for land here is higher than IN al
most any town of it's size in the world
but that land is not selling. it is the
cheaper land that trades; some of you
have got mad with the Real Estate
agent and have taken your proper J
out of his hands because he sold other
peoples property and did not sell yours
you thought he was using partiality
4 toward the other fellow when as mat
ter of fact the reason he did not sell
your land was on account of the price
you thought it was as cheap as the Other
property, but the buyer did not and the