Jasper County Democrat, Volume 10, Number 46, Rensselaer, Jasper County, 15 February 1908 — THE ARKANSAS LAND ASSET. [ARTICLE]

THE ARKANSAS LAND ASSET.

Benton Review: Grant Hall returned from AakaDsas Saturday night after spending some time looking over the Baldwin & Dague property, and says he thinks that in time they sbonld be able to realize at least SIOO,OOO from that property. There is plenty of good timber on the tract and timber men have estimated the value of that asset alone to amount to that muoh, while the land is good, rich soil, capable of producing immense crops. The land is low, a good portion covered with water from two to 10 inches deep, but if it was in Benton county it would soon be drained and worth $l5O per, aore. One of the greatest drawbacks to the property is the high price of labor, negroes getting from $1.75 to $4.00 per day, and not accomplishing more than half what a northern man would. Nick Dague is there running the general store and making himself generally useful. The handle company that has the contract to remove about SIO,OOO worth of timber per year have not been doing anything for a few months, but promises to begin operations. The receivers have entered into negotiations with a Memphis syndicate to sell the tract, bat have faint hopes of accomplishing that desired end nnder the present condition of the money market, because it will be with the buyer just as it was with Baldwin & Dague—speculation pure and simple.