The Cairo bulletin., 1908-03-27


70 the First 100 Persons Who
Answer This Advertisement We
VIII Give Absolutely without
Cost, a Lot in New York City,
Don't Delay. Answer at once.
Address-P. 0. Box, New York
Il answered" said the investor, %
and soon became the owner OF a
lot of land in New York city. My
wife, two of my daughters and one
of my sons also answered. So did a
dozen or more OF my neighbors, All
Of us received replies Send us $3.50
and we will send you by return mail
a deed to a lot in New York city
The expenses will be as follows; 50
for recording the deed. 81 for steno-
graphers work, and so cents for
stationery"
well" continued the narrator,
in due time We got the deeds and
since then have been awaiting offers
to purchase from some OF those per
sons who are paying the high prices
nowadays, We received no offers, 50
came on to learn why.
To-day T went out to the property
It is on Long Island. IN Queens
County. To get to the land you
cross the East River take a train to
walk two miles south, and then
hire a boat or don a diving suit The
lots are in the center Of one Of the
swampiest swamp lands on Long Is
land. \ house built there woulI
need a raft for a Foundation.
I've looked up the concern from
whom I bought the land, and find
that they gave away not one huDd Ell
lots. but something like three tLou-
sand. They bought the stuff for So
an acre. Recording fees, stem & aph-
ers' fees, and stationary TO al IN
cost about 81 a To-, 50 t5at tn t
dealers who paid about seventeen
cents a lot clear more THAN $2.25 on
each one given away
This same method of giving re
wards Is worked also at some 10.
auctions, but IN a different manner
How the operators OF the schemes
avoid arrest for violation OF the lot
terry laws is a question. Frequently
one reads in advertisements OF lot
sales that 81 600 in prizes to include
pianos. rugs, lamps, and other house
hold articles.
Prices may be little low a.
some point in the s. when. on
knocking down q lot, The auct.oueer
announces That with It goes a piano
Interest Is at once revived. Prices
soar to such height that the OK
pense OF the pianos is more than
wiped out, and the sale is a success
One of the most profitable schemes
for the dealer-is that of selling
lots on the instalment plan The
difference in price between LAND thus
purchased and that for which cash
is paid is usually about 20 pcr cent
To the dealers advantage. also is the
fact that usually about 40 per cent.
of the purchasers who buy in this
manner never DCEOiic wv htIe o. the
lands, but surrender their interests
and the moneys pail in, after hav-
ing kept UP payments tor year or
more.
The Gold Bond" scheme is an
other operation of realty concerns
which haven't much money with
which to operate. By this method
tract of land is taken under contract
by the payment of "a very small mar.
gin. At once gold bonds are issued
for small amounts and circulated
among poor people, sufficient to pay
for the land three times over. The
bonds call for interest at high rates
after one or two years. Glowing &C.
counts of the land with examples
of profits made from vacant pro
perty help its sale. If the land is
successfully marketed, the investors
get a fair return. but often It hap
pens that the property is worthless
and eventually it goes by foreclosure.
without return to the bondho der, bat