The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1909-09-30
Syndicate Said To Have Pro-
posed TO Purchase Entire
Estate for Vast Sum
WOULD BUILD SECOND GARY
Facts Given Out in Regard to the Deal
are Meager, but it is Declared That
it May be Closed up Within Few
Months

1t is rumored that a gigantic syndi-
cate is planning to take over the entire
Zion City estate, paying investors more
than million dollars in cold cash. as
Stunning all the debts of the estate and
running the town as a great CONNER
cial center, possibly on the plan of
Gary or Argo.
As to who composes this syndicate
or as to what line of business it ex-
poets to start, is. still in the dark and
will remain so until large sum has
been paid over as earnest money, after
which the deal will be completed and
an official announcement made.
1t is stated that at the conclusion Of
the transaction, which it is reported
has already been discussed by attor-
neys interested, it is expected the
balance Of the million dollars will be
paid over in full within six months.
Previous propositions along this same
line have been presented before, but
have not gone as far as this one is said
to have progressed. A confirmation
of the facts stated in this report will
not be possible until the negotiations
have proceeded further than at present,
as should the details become public
prematurely the plan might miscarry
and the deal come ito naught
The syndicate which proposes to
take over all of the remaining Zion
City real estate, factories, hotel, public
buildings, etc., has unlimited capital
and would use millions for the develop
ment of the city as the greatest manu-
featuring site on the north shore. That
the site for this is ideal and that the
railroad facilities are excellent has al
ways been conceded.
Should the proposition go through
the E. J. & E. would at once extend
their yards to Zion and then the city
would have as good railroad facilities
as Waukegan or North Chicago. The
new owners would own over 800 acres
OF idea factory sites and these would
be sold for nominal sums in order to
boom the town and get thousands of
employees there, who would then be
given lots cheaply and even assisted
in building homes in order that large
profits might accrue from the in
creased increment of values which
would follow for the remainder of the
real estate.
This syndicate proposition would, it
is declared, be far better deal for
the investors of Zion than the plan of
paying them off in Zion realty at the
rate of about % cents on the dollar,
which is the present estimate Of what
they will get when the windup comes.
This, it is pointed out would be bet
ter because when every one Of the
thousands Of investors received an
amount of land equal to his invest
ment at the rate Of % cents on the
dollar, nearly all would want to sell
their share in order to realize upon
it at once. This would result in the
market being glutted with real estate
and with consequent slump in values
Many, and in fact most Of the people
who intrusted their money to John
Alexander Dowie are today badly in
need of cash, as many of them are
very old and gave their life's saving
to the prophet. There are many who
would be glad to sell today for 10
cents on the dollar rather than wait
few more months and receive the larger
value j 4 land
For the reason, just outlined the plan
of the syndicate will it is expected be
hailed with joy by most of the in
vestors and many will pray night and
day that the new plan for their saliva
ton may be carried out speedily.
Voliva., however, is expected to do
all in his power to Illustrate the plans
of this big syndicate, as he will see
his complete finish if it is carried out,
because he is working tooth and nail
| to get control of all that remains in
order that he may be as great dicta-
tor and city builder as was the man
whom he claims to succeed by divine
right
There is little hope however of Vol
iva ever realizing his dreams and hopes
as the doom of the town as an institu-
tional town was accomplished when
Receiver Hately sold the lace factory
to Marshall Field, and when the re-
ceiver later granted deeds to the peo-
pie, thus enabling all who took advan-
tage of that boom to do what they
please with their properties without
any church restrictions.
A plan is being talked Of at Zion
City which includes the placing Of
L