Hammond Times, Volume 14, Number 308, Hammond, Lake County, 17 June 1920 — Page 12

Pace Twelve

THU TIMES Thursday, June 17, 192u. JW J!

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For Ea

tween Soli

to arid Calumet Avenue

With improvements on them Hammond is in the midst of a great big boom the biggest boom she has ever known and it's not a bloomer boom its a real honest-to-good-ness boom we estimate that more than $2,0G0,000.00 will be invested in new buildings this year by Hammond's new industries. Hammond has at last come into its own and YOU are right here to get the benefit of it if you want it and will make up your mind to act RIGHT NOW. We wonder if the people of Hamond realize that since the first of the year EIGHT fine new manufacturing concerns have purchased their sites in Hammond, any one of which would start a good size boom in any other city of our class.

The Union Railway Equipment Co 45 Acres The La Salle Steel Co 35 Acres The Overland Crane Co 4 Acres The Metals Refining Co 20 Acres

The Continental Seed Co 8 Acres The Pratt Food Co 5 Acres The Wolff Manufacturing Co 2 Acres The American Manicopy Typewriter Co. ... 1 0 Acres

ALL BUT ONE OF THESE PLANTS ARE UNDER CONSTRUCTION NOW, so within the next year Hammond will have EIGHT new wealth producing institutions in her midst. We believe these new plants will employ about 2,500 people according to the law of average, this means an additional population of at least 1 0,000 to Hammond and increased population means increased real estate values. We don't believe there is another City in the United States that has located in such a short time as many industries as Hammond has.

Hammnd's most successful real estate operators all say that they made their biggest profits right after the period when the old G. H. Hammond Packing Company practically Hammond's only industry then moved to the Union Stock Yards. Hammond's outlook was pretty gloomy in those days people were leaving it by. the hundreds but these men who believed in Hammond's destiny bought, and bought every piece of business property that the ' town banker would loan them the money to BUY witL i In those days Hammond had to pay a bonus to any concern she wanted to locate within her boundaries. Finally the W. B. Conkey Company was induced to build their plant here and when it was completed the event was made a gala day a big parade was held and all Hammond gathered at the Conkey plant to celebrate. From the date of the coming of the Conkey plant to the date of the coming of the Union Railway Equipment Company has not been long, but long enough to locate within our favored city more than half a hundred important varied industries. So much for Hammond's past her future is what you are interested in, if what we state in this ad to be true. All right, where was the most money made in Hammond's early days? Why, it was made on East State Street and South Hohman Street. Many of you reading this ad right now

had the opportunity of buying, not so many years ago, the 50 foot corner of Hohman and Fayette Street from Mrs. Mary Schutz for $12,5000. Mr. Sidmon McHie one who believed in Hammond's future, although not a resident bought it and today we believe it to be worth more than $50,000. Or perhaps the old residents remember Doctor Bragington, who was the chief governmental veterinarian at the old packing house. He believed in Hammond to the extent of buying a 50 foot lot on East State Street, near the Nickel Plate R. R., also a 50 foot lot on East State Stre'et near Calumet Avenue and the 50 foot corner of State and Sohl Streets. We don't believe he paid more than $15,000 for the three pieces TODAY THE THREE, IN OUR OPINION ARE WORTH MORE THAN $65,000 WITHOUT THE IMPOVEMENTS. Only last fall, E. N. Bunnell bought the ICO foot corner of Hohman and Russell for $35,000. Within a week he sold the 50 foot corner to the Standard Oil Company, so that his 50 foot lot remaining cost him practically

nothing.

Thomas Lavene and a syndicate in the early days bought the old Dr. Henderson property on East State Street for $8,000. Today he would not take $50,000 for it. On East State Street near Sohl Street, William Hasse, one of Hammond's pioneer residents, bought a 50 foot lot which had an old cottage on it. He paid Dr. T. E. Bell

$2,500 for it. A few years ago he sold it to Kauf mann & Wolf for $7,000 and a few days ago it was sold for $9,500. We could tell of many more sales but this list ought to be enough. Hammond's biggest profits on real estate have been made on business property. But today right now Hammond's history is going to repeat itself. And to the fortunate person who can pay only $1 ,000 down we are going to give them the same opportunity that Sidmon McHie, Dr. Bragington E. N. Bunnell and William Hasse had. OUR BUYING POWER ENABLED US TO PURCHASE THREE POTENTIAL BUSINESS SITES ON EAST STATE STEET, RIGHT CLOSE TO SOHL STREET. THERE ARE THREE COTTAGES ON THEM ALL IN GOOD CONDITION, WHICH RENT FOR A TOTAL OF $60 A MONTH. The State Street sewer is entirely paid in full. The Calumet Avenue main sewer is all paid in full. One house and lot is 38 feet wide one house and lot 26 feet wide, and the last one 25 feet wide. We will sell one or all. Possession can be given in 30 days. Now we are going to place this property on the market next Saturday, June 19th, at 9:00 o'clock in the morning. You can place a deposit on the house that you want we will have an abstract of title brought down to date you may have 30 days for the examination of the title then pay us the balance ol $1,000. We will give you a full warranty deed to the property, with all taxes paid to May 1. 1921 and we will take back a purchase money mortgage for the balance. If you pass this opportunity by we don't think you will get many more at least on such liberal terms. PHONE OUR OFFICE SATURDAY MORNING. JUNE 19TH, AND ONE OF OUR AGENTS WILL CALL FOR YOU.

Qo3tIiri9 Pyfey

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Incorporated Phone 140On Hohman St., near State-Hammond

Indiana

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