The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1916-10-12
Gives Reason for Buying
Washburn Property
Compares Values Here With
Other Places With No
Natural Advantages

IN ONiASL Wy AAOA va 49,
Loveland of Minneapolis was in
the city visiting with old friends
and looking after business
matters in connection with build
ing operations which he has in
this city and as usual we found
Mr.. Loveland in his ever OPTIC
mistic frame of mind.
In the course of a conversation
regarding the future outlook of
Washburn. we asked him this
question: "Why Do you look for
a big increase in the value of
lots in Washburn and what rea-
son do you give for holding lots
here?"
The answer that Mr.. Loveland
gave us rather made us sit up
and take notice for we had not
compared the city with other
places of about the same size in
order to get comparison of lot
values, but this is what Mr..
Loveland says:
Fl felt Washburn property at
present prices was a good buy
and way below normal, because
of the millions going in to their
great manufacturing plant, but
wanted to prove it, so wrote
| to a number of bankers in towns
that have no great plant con-
structing such as Washburn and
have no great harbor or POSSIBLE
ity of becoming an ocean port.
Now, I found in these towns,
as you will see, choice lots worth
from two to ten times more than
choice Washburn lots. With
Washburn's great future and
already established manufacture
ing plants, it would be ridiculous
for man to think that Wash
burn lots will not be worth more
than lots in towns that haven't
her remarkable advantages.
"The time to buy anything for
a profit, is when the great ma
jority of people don't know of it
or haven't made up their minds.
If you buy a piece of property
when everybody says it is the
thing to buy, you are not getting
any advantage, for when every
body can see it is good, the pro-
perty has just about reached it's
highest price.
Here is what found about
cities of about the same popula-
ton as Washburn.
"6700 Population. Germen Ma
tional Bank of Beaver Dam,
Wisconsin. advise under date of
Sept. II, 1916 A residence lot
such as you describe would cost
from $15OO.O0 to 100000, de-
pending on location and size of
lot.
"6400 Population. First Nation
al Bank of Baraboo, Wisconsin,
advise under date Of Sept. 8,
1916 Residence lots $1500,O0
and up.
1890 Population. Lumberman's
National Bank of Chippewa
Falls, Wisconsin, through C. E.
Preston advise under. date of
Sept. IL, 1916 Residence lots
from 100000 to S12O0.0O accord
ing to location, etc.
1900 Population. Hardy & Ry-
an, Abstract Co. of Waukesha,
Wisconsin, advise under date of
Sept. Is, 1916 We have no
boulevards in the city. Resi-
Idence lots are worth from
100000 to 100000, according to
their location.
$1,000 Population. First Nation
al Bank of Webster City, Iowa,
advise under date of Sept. II,
1916 Residence lots run all the
way up to 100000 for close in
and very desirable.
1000 Population. First Nation
al Bank of Creston, Iowa, advise
under date of Sept. IL, 1916 Re-
sidence lots. from $4,000 to
$2500,00 depending on location.
1000 Population. Iowa State
Savings Bank of Lyons. Iowa,
advise under date of Sept. IL,
1916 We have some good resi-
dence lots $4,000 to 100000,
but we have no boulevard lights