The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1909-04-16

walked about the town. over the plated |
tract. selected the lots they wished % blu
on. collected information regarding the
sale. ate their dinners and made th@lh-
selves familiar with all the conditions
Conditions Explained.
Before opening the sale Colonel P {
Hflman the veteran town lot auctoneeI,
explained the matter thoroughly 50 ina
there could be no mistakes after the sale
began The lots on the plat were dlNi9eu
into residence lots ana business lots. ne
residence lots were in two classes and ne
signated these on the plat and had them
marked off with blue lines. MINIMUM
prices had been set by the improvement
company on the lots in each class, dio
the prices bid by buyers were known as
premium prices. the actual cost OF each
lot to them being what they BID adueu 10
the minimum price OF the lot. Ch -
tain section OF residence lots the nllhi-
mum prices were S135 for corner lots anu
s100 for inside lots. The choice residence
lots were set al a minimum price OIL slsV
for corners and S125 for inside lots. Inc
minimum prfces for the business lots on
corners were placed al 500 ana LOT Msioe
lots $50.
1t was stipulated that in bidding for a
choice the successful bidder on taxing q
corner lot might have the option of tax
ing the next adjoining inside lot at - per
cent of the price of the premium ne pslo
on the corner lot plus the minimum price
of the inside lot. or. If he chose lnSiut
lots he might take two adjoining at the
price for each that his bid called for.
Lots. therefore sold usually in pairs. BY
this method all bids were premiums OF
fered above the minimum price sci on
each lot by the company. Thus a person
bidding Sl000. as it will be noted often Oc-
CURED. and selecting a corner business
lot and the inside lot adjoining. was re-
Guired TO pay the premium bid. Sl.08- the
minimum price of the lot, $500. making
$500 for the corner lot For the inside
lot that person was required TO pay ths
min INN nHnlaH sNn #
= per cent of the premium he had bid on
the corner lot $50. ~0r, in all for both lots,
s. 300 In the bids which follow each sue
cessful bidder was obliged TO nay the
minimum price of the lot ne selected in
addition to the figures he is quoted as DID
ding
The Auction Begins.
Now, gentlemen. what am 1 offered Tor
the first choice?' invited Auctioneer Hill
man. and the sale opened at very close to
I 80 clock.
There was just one bid on the first
choice. That bid was for $1,000. and be
fore the crowd had fairly awakened to
the fact that the auction was in progress
Charles J. Kelly of Butte had been
awarded the privilege by the auctoneer
of choosing any lot on the plat of the
subdivision. with the exception of the
sites reserved for the hotel and lumber
yard and those on which were located the
companys Offices.
Unhesitatingly Mr.. Kelly named lots !
and IN block 152, the corner lot and the
one next south in the center Of the sub
division. where Utah avenue and Broad
way avenue iutersect. the dead center Of
the business part Of the new tOwusite. In
cidentally. later, Mr. Kelly also bought
the next lot south. giving three lots on
that corner facing Broadway. on which is
TO be erected a large general merchandise
house. concerning the plans for which he
talked freely later
Although there was hardly any percep-
tible interval between the knocking down
Of the first lots sold and the beginning of
bids on the second choice. the time was
sufficient 10 give prospective buyers an
opportunity to wake up. and when the
choice was offered Mr.. Kelly had not
said S1,0o0 and got it all out of his mouth
before Kenneth G. Kerr. district passenger
agent for the Salt Lake Route, had begun
to unwind a bid that ended uD 81 200.
Kelly came right back with $3.50. while
several others were opening their mouths
to say something. While Mr. Kelly was
saying $500 he was looking about to
see who was bidding against him. lie
spotted the railroad man from Salt Lake
just as Kerr was forming his lips to say
81 800 and Kelly. having his wind all
ready, jeTked his lips quickly into place
and shouted 81. 400 on his own account,
raising his own bid.
Kerr was all ready to make the bid of
i.4D9. but realizing that he was beaten
that figure finished up with 81 500 and
the choice was knocked down to him. He
chose lots 4 and >, IN block 159. south of
and close to the railroad tracks. and later
On bid in lot = of the same block On
these properties. Mr. Kerr explained.
some large warehouses are to be built by
private parties incidentally. the 81 800
bid was the highest Of the afternoon.
TooeIe Citizen Wins.
An enterprising professional man Of the
old ToOele. with choice loca ton iOtted
down in his memory and an object in view
of getting that certain location. had to
stand several raises but finally captured
the third choice on a bid of 1850 He was
Dr.. J. a. Phipps. He chose lots and S Of
block ISL at the corner of Utah and
Broadway avenues. across the corner east
from the site Of the big mercantile estab-
lishment and one block north of the big
hotel site On this corner the buyer will
erect large drug store and Office build
ins.
There was some interesting bidding or
the third choice. The bidding was start
ed by Mr.. Kelly Of Butte, who mOdestly
sung out 500 Eugene b. Palmer. a
Salt Lake real estate man. here let his
voice wander out toward the auctioneer
for the first time during the sale. and IL
bore message which said $500
Mr.. Kelly frowned and replied $500.
whereupOn Mr.. Palmer shot off the other
barrel loaded with 81. COO she'll Mr.
Kelly didn't respond at once. He cooked
his head forward and took a cOuDie OF
steps to better size up the young. spec
tacled. smilinE-faced man who was bid
ding against him. He was still looking al
Palmer. evidently trying 10 size I'D his
caliber when any calculation he had been
on the point Of arriving at was suddenly
knocked in the head by the clear voice OF
DR. Phipps singing out the winning bid Of
$3.50.
Palmer Gets Fourth Choice.
The first three choices. netting sales of
six lots. occupied less than five minutes
time and the bidding continued brisk
The fourth choice was captured BY Mr.
Dol In. 1s,a- 4
Is IN block rs. corner Of Date and Fifth
streets two block west of Broadway av-
enue and just two blocks west Of the no
tel corner. The next sales were each a
81 GO The fifth choice went to Kenneth
c. Kerr
John y. Kirk an attorney Of Butte.
who purchased a number OF lots during
the sale for parties he represented in
Montana. most of whom. he said. would
improve their properties soon. got the
sixth choice. buying the two corner lots
in LOOT 4 IA hot ~