New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-12-01
has since becoming interested In South
ern lands. four years ago. established
reputation as an authority

reputation as an authority.
Mr.. Fl. NJ Butler. the corporations
secretary and treasurer. has made his
mark as builder of suburbs. having
erected some fifty houses here in the
last four years. So 1t can be seen that
this concern is building up Mobile and
giving 1t supporting territory.
Within the year Mr.. Butler has built
twenty houses. These are within two
and half miles OF the courthouse
and within two blocks of streetcar lines.
They are erected on lots OF % by 100 to zoo
feet. and, practically. on the customer
own terms. That they are good invest
ments is evidenced by the fact that the
major portion Of all he has built WITHIN
four years has been sold. and that they
would to-day bring 20 per cent more imam
they cost their purchasers.
The concern Is now engaged m buying
and selling on its own account. both I'M
proved and unimproved city property. and
also in building residences for others; II
handles mortgage loans; 1t does rehta'
business, and it buys. builds, and, In fact'
acts as the agent Qor selling, renting
and caring for the properties OF distant
or nonresident investors.
In the country II is carrying on the
work inaugurated. and so successfully
conducted, by Mr.. Clark, who has sofa
lands in the lrvington district to 29o
families. eighty-hye to one hundred Oh
whom are already located at that thilV-
ing agricultural centre. Its president,
pioneer of this pioneer farm settlement
Il is still selling lands there to colo
nists. and to colonsts who are, like those
already there from New York, Pennsyl-
yania. Ohio. Illinois. Indiana, Wisconsin
and Minnesota, intensive farmers as well
as fine people. 1t is heavily Interested
i'm lands about fifteen TO twenty miles
out of Mobile on the New Orleans, Mooile
&, Chicago Railroad and Is Offering prop
critics there at the prices when hrst op-
tanned for acreage at Irvin5ton tano now
worth s40)-vlz., the small tracts from s-'
TO SeJ per acre, in units OF 40 TO ~ acres
and the larger tracts at 81 " to SlS per
acre. i'm units OF 800 acres or more.
The concern also has colonization lands
within 10 TO 100 miles Of Mobile, III the
cane brake country, near Waynesooro'
Miss and Selma and Demopohs, Ala
through which the Cochrane System runs
and which is also traversed by the
Louisville & Nashville, the Mobile ana
Ohio and the Illinois Central railroads.
and which, most of them, are well suited
TO alfalfa. The tracts are in units OF
900 TO 10000 acres, and they will retail
nj $50 TO $50 at present. Mr. Clark Is not
alone in believing it coming section'
many well informed people agreeing with
him: indeed. one of the titles given 10 the
Cochrane system is THE Alfalfa Route.
and almost every one knows auaila
spells wealth.
Covers Wide Field.
Mr. h. f. Adams. very bfoadmihueu
and well posted real estate man, Will NC
found to be often quoted in this article. vi
course. il must be recognized that the
verv nature OF that business requires It's
members to acquire accurate ana up-'o-
date knowledge of all the activities ana
conditions upon which possible outside IN
yestors land these are just as apt to be
parties seeking TO learn the best ihduce.
ments among the Southern cities ana
towns offered 10 trade and manufacturing
interests, to tourists and winter COL
onists. as to those intent ON speculative
or permanent investment in realty) are
likely to demand to be informed.
lie is the secretary and manager OF q
large realty concern, the Southern Realty
COMPANY. established here in 1903, and
having as its president and vice-president
those influential citizens and prominent
business men OF Mobile Mr. j. +. Nc
GOWN and Mr.. j. j. Blacksher.
This concern buys and sells real estate
for IT'S own account, AS we'll as acting for
others. Is a rental agency and also con-
ducts large insurance business-an IN
surance business of such scope that 1t may
be said 10 cover everything in any way IN
surable. Its charter also permitting IL 10
act as trustees for estates. II is enaoled
not only TO place funds advantageousiy'
but TO exercise the needed supervision
over the properties in which these may be
invested. a detail OF considerable moment
TO the nonresident investor
Mr.. Adams has had an extended ex-
perience. covering score or years, IN
this business and has the reputation here
OF knowing values--in fact. that reputa-
ton is not merely local, for he has been
employed by those great financial institu-
tons. the big life insurance companies 10
make up valuation maps on which they
might make loans.
This concern has a subdivision" Bon
Air. which comprises some $50 acres
about three miles from the courthouse
ond mar tha snd of the government street
surface car line-where choice lots can be
had at $500 TO $500. according TO loca-
ton. These lots. some one hundred OF
which have already been sold, are ample
for nice residences with appropriate sur
roundnes. being 81 by 100 feet, and many
OF the lots are embelished with shade
and pecan trees. They can only De useo
for residence purposes. ana no buiidihS
can be erected thereon at less cost imam
$1,000. The company will build for pur-
chasers at a slight advance over actual
cost and Will take payment in monthly
instruments.
Streets have been cut through this prop
erty. which. situated as It Is, at the head
of Mobiles most fashionable as we'll as
most useful thoroughfare. should attract
a most desirable class Of residents. And
grading has already progressed favorabiy'
Suburban and Country.
The real estate firm OF G. c. Mechem
was established some twenty years since
by the father of the present head. Than
the older Mechem no man stood higher
Win tie trade ami N.,n the coinnu.Hty
generally, and his son and successor,