The Oroville weekly gazette. [volume] (Oroville, Wash.) 1905-19??, 1910-01-21
|GH PRICE FOR LAND
Transfer in the Valley that
4 Represents a Large
Investment.
} Be USED FOR A TOWN SITE
he Purchasers Expect to Cot the
Tract Up Into Lots and Pot
Them On the Market.

Arthur Lund, the Riverside banker
Fight, breezy and debonair, and the
est boomer and worker for Il commu.
1ty that has ever struck Okanogar
bunty was in town Saturday to meet
4 daj. A. NJ. Anderson. Mr.. Lund has
e rospered not alone as banker, but
rs hrough shrewd business sagacity and
& brethought that has guided him tC
pfc investments. He purchased lands
nder the government ditch that have
ielded him handsome profit, and has
+ iscovered the secret that turns into
told everything that he touches. His
latest, investment in conjunction with
clay Fruit and Chas. +. Black well. two
ther hustling and successful Okanog-
4n residents, is the purchase from Jas.
I'd. Forde and Geo. H. Ellis of "A acres
6pn the east side of the Okanogan river
|SRnd near the old postollice of Tonasllet,
I'D joining land already owned by the
4riumverate, and through the full
WIength of which passes the Oroville-
'# w euduCHee DfduCH. Inc price palu
Xwas 5000 per acre, and the~intenton of
xthe purchasers is to lay out the land as
Ia town site. For that purpose no tract
&of land could be more favorably locat-
Ned, not only as to its Typographical con-
Hfguration, but in its relation to the
#surrounding country. There are many
zacres of valley lard close to this par
xticular tract both north and SOUTH
Ewhile east and west stretch back the
higher table, mountain and valley lands
n hundreds of acres of which are under
4 fcultivation, showing by repeated till
lage and harvest a remarkable capaci-
ty for production. The trade of the
greater portion of this country will
naturally drain into the nearest rail
road station, when the railroad is once
4 in operation, and the most convenient
i station will be this new town of Ton
{ asket. The gentlemen behind the un.
dertaking paid stiff price for the land,
considering that year or two ago it
was comparatively valueless, but TAX
ing into consideration the purpose to
which it is to be applied they will lose
nothing on the transaction. A town of
considerable size is certain to grow up
at that point, and a Tonasket town
lot will represent an asset of value.
This sale is an illustration of the
rapid increase of real estate value in
the Okanogan valley, due almost Who'll
ly to the advent of the railroad. Six
months ago Messrs. Forde and Ellis,
who sold the tract to the townsite syn
dictate, paid $75 an acre for the tract
which was an Indian allotment, and at
the time thought they were Offering
more than it was worth. And proba-
bly, they did bid fancy price, for at
that time the building of railroad
was dim prospect of the future. The
fact that it was fortunately located as
to possible townsite may have had
some influence in the rapid advance of
value, but with the railroad near at hand
1t would have speedily reached and
passed the figures at which it was sold.
This is but one instance in very, very
many where the price of valley lands
has advanced with extraordinary rap
idity, and what seems high now will
command double, triple, aye quadru-
pie the figures few years hence.