Evening Republican, Volume 15, Number 124, Rensselaer, Jasper County, 25 May 1911 — Col. Phillips Has Purchased Five Acres of Monnett Home Land. [ARTICLE]

Col. Phillips Has Purchased Five Acres of Monnett Home Land.

Fred Phillips has closed a deal for the purchase of five acres of the land that originally belonged to Miss Cordelia Monnett and was deeded by her to the Deaconesses for the foundation of a school for girls. His purchase is for the land in the rear of the Kannal residence, running from College road half way back to the road past the Michael Kanne residence and being just half of the ten acres that the deaconesses owned there. Col. Phillips is understood- to have paid 1210 per acre for the land and it is almighty good value at that figure. If subdivided and sold for 1100 per lot it would bring S6OO per acre and there is no reason why it should not bring S2OO per lot find ready buyers. The pearest corner is within two blocks of the postofflce and three of the court house square. Col. Phillips has not decided positively what he will do with the land. This year he is pasturing some stock there, but next year he will probably build a residence for himself on the best location and probably will subdivide the balance. It is understood that the deaconesses expect to build a substantial, addition to the Monnett School for Girls and to plan for a larger attendance and an increased teaching force for another year.