The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1910-12-20
ACTION CAUSES
SOME SURPRISE
Continued FROM Page one.)

the arbitration committee, consisting of
]. r Blackburn, J. F. Irish and j. j. |
Ruff has recommended to the board
that the north fifty feet of the prop |
erty should sell for not less than 5000
a front foot. and the south fifty feet for
not less than $500 if the property were
parceled out, and that If it were sold
in its entirety it should bring $3.50
front foot. The board had practically
accepted an offer from Caldwell d
Drake at $500 for the first forty feet
and sold the option on the next thirty
five feet to the same people for $1,000
on the basis of $3.50 front foot, the
option to apply on the purchase price.
In this connection the board also ac-
cepted George Elders bid of $3.50 for
the twenty-five adjoining his property
on the north. In this way the board
figured it could raise on the average
$3.50 for the property. Upon the advice
of Attorney L. V. Cravens, the attorney
for the board, the board was advised to
rescind those contracts and adhere
strictly to figures laid down by the APP
prasers in order to make the board in
vulnera BILE to an injunction.
Accordingly the first forty feet were
sold at 5000 a front foot and an option
also on the twenty five south of the ten
feet at $3.50 front foot. The Elder
contract rescinded. and unless
there is higher bid that portion will
| be re-appraised and then disposed of.
George W. Caldwell of the firm of
Caldwell & Drake was in Hammond to-
day and said that he would begin work
| on the new industrial high school in
| February and that he intended to i'm
! prove his forty-foot of the school prop
! erty at once He said it would depend
| on circumstances whether the property
on which the firm now has the option
would be purchased or not, and wheth-
| sr a four-story or ten-story building
would be erected. The option on the
other thirty five feet was purchased for
| 5000 and in the case of purchase will
| apply the purchase price Henry
| Bicknell of the school board said this
morning that the option would stand
! for four or five months.
No contract was let last night for
| the moving of the Central school build
| ing.
/ In accordance with its plans to move
| the Central school building the board
| is selling the property not to its full
! depth, but only to 140 feet in order to
allow TOT ne NdcdtlHS Oh the dliey IN
the rear of the Central school building
and to open alley west far enough to
be in direct line with the one in the
rear of the Hammond building.
In a statement to THE TIMES this
morning Mr.. Caldwell said that his firm
now had the following buildings under
construction:
Court house at youngstown. O.sf 200. 600
Court house at Omaha. Neb. 1000. 900
Court house at Lebanon, Ind 100000
/, Ten-story office building at
Springfield, Mo. - $4,000
Frisco r r. office building
at Springfield, Mo. 10000
Ten-story hotel at Tulso Okla 100000
we have built over 200 fireproof
buildings in the United States" said
Mr.. Caldwell, among which were the
West Baden Springs hotel, for s914,o0O
which at the time was the largest ho-
tel in the world and which still has
the distinction of having the largest
cupola in the world. not excepting ST
Peters at Rome We have also built
court houses at Knox, Ind blooming
ton, Ind, Greencastle, Ind, and Eng
lish, Ind. We also built the superior
court house at Hammond