Jasper County Democrat, Volume 14, Number 51, Rensselaer, Jasper County, 30 September 1911 — DIGGING FOR “DOUGH.” [ARTICLE]

DIGGING FOR “DOUGH.”

Lot Owners In Factory Addition Being Asked to Pay Up. Under the terms of the contract with the match factory people the Commercial Club was to pay the balance of the SIO,OOO bonus in 60 days after the foundation for the factory was in. Four thousand dollars wdiich the Club had on hand was paid some time ago, leaving $6,000 yet to be paid. This the Club is now endeavoring to raise by collecting the baiance due on the lots that were sold, which brings the price of the lots up to S2OO, the original purchase price. Last winter, when it looked as if the prospects for landing a factory was very remote, to say the least, there was talk of making the price of the lots SIOO instead of the S2OO each for which they were originally sold, refunding SIOO each when more than that amount had been paid and collecting from others up to that amount. Under the terms of the contract with the match factory people, which was entered into last June, the Commercial Club was to pay SIO,OOO in cash and give all the unsold lots and land to the factory people. To do this it was neccessary to collect the full 's2oo per lot, and the time is up October first for paying the balance of $6,000. We understand practically all of the lot purchasers are coming forward with the balance of the amount owed by them to make the lots S2OO each or have promised to do so very soon, in cases where they had not the ready money to square up when called upon. I