The Greeley tribune., 1909-06-02
IS A NOVEL ORGANIZATION
Exact Location Kept Secret Until
Plans are Fully Matured and all
Options Secured-Full De-
tails and Information
in Short Time

Greeley and Denver capital. whit
will come near demonstrating eth,
the advisability or fallacy of the 81
cialistic theory. An option has bee
secured on almost an entire townshi
in the Crow Creek district, but tn
exact location will not be made pull
lie until the balance of the townshi
has been secured by purchase or OF
tion.
While deviating considerable fron
the present ideas of socialism, a ney
colony will be organized upon mu
tual basis with every shareholder di
viding the profits. 1t will not be :
poor mans colony by any means, a:
it will require at least $4,000 to be-
come a member and receive an allot-
ment of land
In the center of the townsite a
town will be laid out to accommo-
date some 500 families, or about
1000 people all told.
The business lots will be confined
to limited district and the title to
these will always remain in the cor
poration. These business lots will be
leased for ninety-nine years at per
cent per annum of their actual valua-
ton. This valuation will be adjusted
each ten years by board of apprais-
ers and the rental turned into the
general fund. For a certain consid-
Grafton, which we will name as
$4,000 in want of definite sum. a |
stock certificate for that amount will |
be entitled to ninety-nine year lease
upon certain tract of land. The
size of this tract will depend upon
its proximity to railroad and other
qualifications with reference to pro-
ductiveness. The entire township has
practically no waste land and the
tracts will probably run from forty
to sixty acres in size These tracts
viii bring rental OF per cent each
year and the valuation will be deter
mined every ten years. as in the case
OF the townsite lots.
The money derived from the sale
OF stock will be used to purchase
the land, lay out the streets, build
waterworks, electric light plant and
all public utilities. The money de-
rived from this service would revert
back to the stockholders, so that in
the end each man would be out only
his exact proportion of maintenance
of the entire community. u
ANY white person over Is years
would be entitled to one share of
stock until the tracts were all ex-
hausted, but at no time could one
person own more than one share.
Proper regulations would be provid-
ed in case of demise and heirship
and transfer of stock or lease
would have to have the concurrence
of the board of trustees. At the end
OF the ninety-nine years the lessees
of the different tracts who had plac-
ed valuable improvements upon same
and who would be in reality the
owners. would have a mutual inter
est In voting to extend the lease for
like period, and if the plan worked
out the succeeding generations could
do the same.
The corporation would maintain
the schools, pay off the irrigation
bonds, which will be $40 per acre,
and pay the taxes upon all real es-
tate, exclusive of improvements.
The most unique part of the en-
tire plan, and from which the great
est revenue is expected is the use of |
the streets for fruit orchards. The
entire township is to be divided into
forty-acre tracts, each separated by
a street 100 feet wide. Only forty
feet in the center will be used for
travel and in the balance of the area
which will be thirty feet on either
side. will be rows of fruit trees.
All the laterals for the farms will
be constructed along the sides of the
streets few feet from the rows of
fruit trees, SO that the only labor
will be the gathering of the fruit
and probably an all-night now and
then with the smudge pot If these
trees were all cherries and the crop
was normal it is estimated
yearly revenue wound bu half nil
lion dollars from that source alone.
1t is stated that the idea was con-
ceived by local preacher, who will
assist in pushing his theory to
demonstration.
A local real estate man, who is
now promoting two townsites, says
he expects to advertise the new pro-
ject from one end of the country to
the other and pick the most indus
trious and intelligent class of peo-
pie. There are several men in Gree
. ley who own from half section to
.wo sections of land in the township
pi.ked for the new colony, and each
G. them has set reasonable figure
upon his property.
1t is expected that the stock will
be placed upon the market with full
details in few days.
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nlka hank honna Raafa lof4aE