The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1917-09-27
SNaEL TORTURE MADE
IN WASHBURN
REALTY -
Faith in Future of Washburn Nets
Investors Big Returns in
Few Short Years

/ O0V0rdl years dSO AOVCldliO "
Company purchased land on the
edge of Washburn for $3.50
per acre. One Of Washburn's
then leading bankers hailed Mr..
ILoveland on the street and
smilingly said. "You must have
padded the consideration in the
deed for that property you re-
Gently purchased. You never
would pay such a price as that. "
Meaning that Mr.. Loveland
never would have paid $3.50
per acre for such land. A little
later on, one of our County
officials thought he would like to
own some land and inquired of
Mr.. Loveland what he would
take for the tract in question,
and was given the price of $500
per acre. He held up his hands
in horror at such a price and
stated that it was unreasonable;
so the land was finally sold to
others, and was re-purchased by
w. A. Loveland at a price several
times $500 per acre, and he
later sold it to Mrs. Pete Peter
son Of Washburn, at $125.00 per
acre. Several business men of
Washburn had an opportunity
to buy this land; but, of course,
thought that figure again un-
reasonable and no doubt thought
that Mrs. Peterson was making
a wild buy. Mrs. Peterson, how
ever, was sincere in her faith in
Washburn, regardless of the
discouraging remarks that were
made to her, for she felt con-
fdent of Washburn's future and
had faith in Washburn property;
and that her judgment was good
in making this purchase, was
lrecently demonstrated without
any doubt, for Mrs. Peterson
sold the property for $250.00
cash per acre, not including any
improvements of house or barn,
which represented an increase
of 1000 per cent in the value of
this property within a short
time. The party who purchased
from Mrs. Peterson will no
doubt realize a large profit for
such ground in other cities,
would undoubtedly sell for from
$5OO.00 to 100000 per acre today.
1t is unfortunate that a great.
er number of our home people
have not taken advantages of
the low price of property here
and reaped some Of the large
profits. There hasn't been a
time in the past few years when
Washburn property wouldn't
have made Thousands of Dollars
for her home investors. All that
a great many Of us have lacked
has been faith in the future of
IWashburn and a lack of fore
sight.
There is no such element as
luck, for it is possible to figure
out the future of a city the same
as one can figure any mathema-
tical problem.
| Outside real estate experts
and investors have taken Thou
sands of Dollars in profit out of
our city and they are now pur-
chasing Washburn property at
present prices. Why? Because
of their confidence in the future
of Washburn, due entirely to
their knowledge of real estate
values.
There are certain conditions
developing here in Washburn
that are bound to make her an
important port and manufactur-
ling center. These with the fact
of the constant growth in our
agricultural country, guarantees
permanent and bigger values.
The constant increase in values
| here warrant the confidence of
the investor, and those people
who purchase today, will not
have to listen to what others
have made when the next big
raise takes place, which is GER
tain to come. Money has been
doubled and trebled in a few