The Bridgeport evening farmer., 1910-04-20
.LORDSHIP FINDS
 BOOMER IN REAR ADMIRAL SIGSBEE
Heads Company to Develop Property as Wide Waters
 Park.
LOCAL CAPITAL IS SOUGHT
Hoped That Colony of Army and Navy People May be
 Formed There.

That splendid promontory of land, | Lordship Park, has been sold by w. T.
 Howes and A. w. Burritt to New York | capitalists who are to develop all of l that section not already owned by wealthy families who reside there during the summer. The place will be known in the future as t'Wide Waters Park" The new company to be known | as t"The Wide Waters Development
 Co., capitalized at $250.o0o. The prop
 erty to be developed consists of 800 acres of upland and over 700 acres of loWland. The high land property is a strip 6 half mille wide and about 2 1-2 miles long.
 The first corners will probably be
 officers of the army and navy, as Rear Admiral Charles s. Sigsbee and Major General Charles B. Hall are members
 of the company who have secured
 control of the property.
 Admiral Sigsbee is delighted with tn
 spot. The admiral talked the pro- ject at the Stratf1eld, last night.
 Associated in the directorate of the Wide Waters Development Co.,, with
 Admiral sigsbee and General Hall will be Samuel Swett, who has devel- oped several hundreds of acres of shore and summer property in Long Island and New Jersey, John McMar- tin, a developer of Cobalt mining prop critics and George w. Swett, owner of the Hotel Netherland in New York City.
 The admiral said that in the com pany he is- going to be only Charles He said that since he retired he had many opportunities to lend his name to stock selling schemes but neither his rank nor reputation was for sale.
 Roth the admiral and Samuel SWett were introduced to number of Bridgeporters at the Stratheld last night by Alderman H. H. Jackson. Ad- rniral Sigsbee said in part: tT bet ter known as a sailor than real es- tate man. I never had any idea of entering the field of real estate devel-' opment until about three years ago I bought some long Island property for a summer home I only wanted one or two acres but I had a chance to purchase 25z acres and I did I can now sell for three times what I paid for it and am not going to sell uu- til I get ten times what I paid lor it.
 t'I have been from one end of Long Island. New houses are going up ev- cry few hundred yards. But there is no place on Long Island that is so finely situated. came to the conc1u- sion after seeing the property that nothing but local apathy could have kept back it's development so long. It has the advantages of a fine soil, ocean breezes, is almost surrounded by wa ter, is without the heavy fogs ex- perienced on Long Island and has
 General Hall on hearing of the property was anxious to purchase it and keep it private in every way pos sible but judging from the values of real estate not as well located as this property the opportunities are too valuable here to the land for a few private places.
 People want to get summer homes not more than days journey from their winter homes.
 'tIt will be possible to interest peo- pie far south as Richmond in this property to say nothing Of the people in New York, Philadelphia, and Wash ington who desire a place where they can locate their families for one en- tire season without moving them.
 t'We are going to sell one-quarter of the capital stock and would like to interest Bridgeport people to the extent of about $25. 900.
 Attorney John c. Chamberlain told l Admiral Sigsbee that he did not be- lieve that he had better put too much 1 faith in getting financial aid in Bridge l port as Bridgeport people do not as a rule warm up to local investments.
 c. D. Davis, the jeweler, thought it | would be possible to interest local cap ita1.
 Others who spoke were Samuel | Swett, H. H. Jackson and Former 1 Mayor Henry Lee.
 Those who were present to meet Ad- l miral Sigsbee were o. R. Brothwe11, | Sidney F. Hawley, Waldo c. Bryant, | James Spargo, A. D. Alvord, J. A. | Barri, George w. Jackman, Charles B. | Stagg and E. C. Spargo.