Pine Bluff daily graphic., 1915-05-20
F Mckenzie Sells to E. R Pike 5000 Acres Cut Over Land for $7O,000.
A p. BANK BUYS
 : ANOTHER BUILDING
:, .,;res Two.Story Brick Structure dioiuing m Bank, Which Is to Be
 |co,yerted into Handsome Quar- ters for Savings Department.

r,yo real estate transactions yes kday of unusual significance were s71 1,OOo, and the deeding by Mrs. B. rtram Pike of 50OO.05 acres of Id in Jefferson and Grant counties Es71 900, and the desdlng by Mrs. B. Iampert of the let and two-story ick building at 105 West Barraaue Iset to the Merchants & Planters hk for $4500 cash.
 Mr. Pike, who purchased the Nc nzie land, is a New England {ancier who will hold the property an investment. Tlirty thousand the purchase price was paid cash. b land is in a number of small cts. and has been once cut over. It still we'll timbered, however, and agreement of the sale is that the rchaser shall pay at the rate of >S acre before removing timber. The ce paid is $14!20 an acre, which is hsidered a good figure for cut-over bds.
 Bank Expands.
 rhe purchase by. the Merchants & bnters, bank of the Lambert build adjoining the bank means that the {&iP. will soon have the additional bn,, the need of which has been koanized for some time. That the nk secured a bargain in the Lam- property, is the opinion of all niliar with Pine Bluff real estate Iues, The Commercial Printing npany recently acquired the Cans company building, adjoining the |hetuse, paving, it is understood, loo for the property.
 rhe Lampert building is 30 by 100 t. Plans for remcdeling the lower or for banking purposes are to be epared in a few days, and as soon these are ready, the extensive erations will be started. The sav- Is department is to be quartered this building, the floor of which Ito be raised to be level with that of M. & P. banking house. A large nlt will be erected. large part of
 intervening wall removed, and two places practically made into e. The exterior is to be finished to rrespond with that of the bank Hiding.
 Savings Department Grows. Fhe M. X P. bank is the oldest te institution in Arkansas. It has sadily grown, it's success durine
 past few years being especially tifying to the officials and stock lders. The establishment of say $ department few months ago the popularity of this innovation de it imperative that additional pm be secured. The savings depart mt is in charge of R. w. Ettor der whose direction this feature o1 banks business is attaining un' lal success. MT. Ettor is a strong fever in newspaper advertising that his confidence is well-placed proved by the results he has at ned with well-prepared ads in the al newspapers.
 Savings banks are important fac $ in the prosperity of com lnity, for by insulting the incentive save, they create thrift and pro (te economy This rebounds t
 benefit of the individual, the cit. ] the bank.
 Other Real Estate Deals. Other transactions in real estat orded yesterday are:
 Henrietta (Honnet. ct al. to Ben E Ill, part of lot z of block 1T, Ol' wn of Pine Bluff, $15OO.
 Elty Realty company to Maud Rid K part of lot 4, block N, James { apson's addition. $500.
 he Merchants & Planters bank t ed J. Ingram, lot 5 of SEE SEE o r9, $500.
 F. Dunnington to N. M. Days
 block 9, J. w. Brunscn's Sub-I cks 3 and IA Drew Whites surye
 NE 1O-6-9 $500.