Jasper County Democrat, Volume 12, Number 74, Rensselaer, Jasper County, 29 December 1909 — BIG LUMBER DEAL FOR JASPER. [ARTICLE]

BIG LUMBER DEAL FOR JASPER.

The following article from the Ligonier Banner tells of a pretty big deal in timber land which will interest residents of the Kankakee region, especially those living in the vicinity of Water Valley: “Straus Bros. & Co., of Ligonier who justly bear the reputation of being the most extensive land dealers in the United States, have recently closed a deal for the timber on the lands they purchased a few years ago from Nelson Morris, lying along the Kankakee river. This is perhaps the largest body of virgin timber in the central stetes. The timber stands on almost 6,000 acres of land bordering along the Kankakee river. The original purchase made six years ago, comprised 24,000 acres of land. They still own unsold about 15,000 acres of land. The sale of this timber refers to the trees only, the land upon which the timber stands has been reserved. This sale was made to one of the largest manufacturing concerns In the city of Chicago, who are at present erecting an extensive saw mill plant at Water Valley, Indiana, with a view of sawing all the timber at that point. We are informed upon good authority that the timber brought in the neighborhood of SIOO,OOO. It is also supposed that the purchasers have made a good purchase, and it Is estimated py people who are in a position to know, that there is almost twenty million feet of saw timber on the tract. This is only one of the many enormous transactions put through by Straus Bros. & Co. We have recorded many extensive land transactions in the past but this is undoubtedly the largest timber deal they have ever made, and probably larger than any other timber transaction made by any concern in the State of Indiana for many years.