The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-07-05
INVEST YOUR MONEY AT HOME

INVEST YOUR MONEY AT HOME.
Some years ago a good many per
sons in Southern town about i've
hundred miles from Richmond. who
wanted TO get rich. invested their s;tv-
ings in lots in the town of Duluth.
not exactly in Duluth, but upon the
mills Just back of the place, which
would be built out that far. and far
ther. before any one could say Jack
Robinson. They Were much battered
when the Additions" were laid OF. TINT
streets and avenues should be named
for them. and they looked confidently
for an almost immediate increase of
their earthly store BY the usufruct. so
70 say from their buildings in that
great Western metropolis. "the Zenith
City OF the unsaited seas.I
1t looked good TO them Many OF
them still have their lots" They are
SO high up that there is never any dan
ger of their being overnowed when
there is freshet in Lake Superior and
they are far from the madding crowd.
The names OF the Additions" have not
been changed, and the plats will show
Princeton Division number OF
houses were built, and they are still
there, we suppose, and We believe tina,
in Arlington Division" there we're also
at one time some indications of build
ing activity; but out in "Kensington
were possibly when the Iroquois Indians
held their campfres on the Lake. If
they ever did and there they Will re-
main until the town grows out that
way a very kind friend has sent us
an interesting. not to say picturesque.
account of how the situation now ap-
pears out in the "Kensington" neigh
borhood. around the lots" of another
friend who swan In with the rest OF
the suckers when this get-rich-q quick
men of the community. many OF whom
had not the least confidence in the
chances of their own home town, in
which he says:
4 find that the four lots you own are
about three miles out over the hills
from the business centre of Duluth.
1t is in a section of the country that
is not at oil built up at the present
time. I believe there are a few dali
ries in that section. and you are To-
Gated about one mile and half from
the County Poorhouse. The size of
the lots in this Addition are % by 1873
feet. where most lots In outlying Addi
nnC C,f tlfS h. OF. arf fant NJ
age Acre property-by that l mean
unplatted property-in this locality
am inofrmed by a reliable real estate
firm. is valued at from $50 to sl25 per
acre. Your four lots comprise about
one half acre of ground. which Will
give you an approximate idea of their
value. My advice to you would be to
continue paying taxes on these lots
which must be very small. and in time
to come they may enhance considerably
in value.
"As yet there are no streets. sewers
or any improvements of this character
within Z mile and over from the Ken
singtcn Place. and imagine it will be
a number Of years before you will ever
be called upon for assessments TO meet
| improvements OF the character men
! toned above 1 myself own a block OF
| lots over mile this side of where
yours arc located, that i have rented
for cow pasture, and when taking an
inventory Of my worldly possessions. l
! never take thees lots into considera-
| ton. Possibly they may be considered
| as assets by our grand children. If
| there is anything further you desire to
know regarding this property that is
not fully covered herein. you have only
| to indicate the same to me, and shall
| be glad to furnish you with further
information
! That is one OF the finest letters we
have received. It is trimming over
with good humor. hopeful to the last.
and full of oncoura cement. a little
analysis will show that an Addition"
that is near enough to a great city like
Duluth--that is growing by leaps and
bounds and where great steel plant
is now being erected--which is almost
within hearing distance of the Mesaba
Iron mountains. which looks down on
West superior. which is near enough
to the town proper for dairies to he
| conducted there, which is also hard by
the County Poorhousc. Is not by any
"a