| Show SALE ISALE OP OF THE DOUGLAS ESTATE tile the property of the late senator douglas situated at cottage grove was sold on a mortgage foreclosure foie fole closure on saturday last this property embraces about sixty acres in ill extent joining a portion of the seventy acie tract known as the douglas property and Oak enwald 11 bounded on the east cast by lake 1 michigan AliC higan on the west by douglas avenue by cook place on the north and on oil the south by douglas place the old city limits cottage grove avenue runs rims through the middle of the tract and about in the center are the five acres donated by senator douglas to the university of chicago and now occupied by that institution the tract covers six blocks proper besides the thice divisions of Oak enwald in the southernmost of which lie the of the lamented douglas A portion of the prop city was mortgaged in 1859 for the sum of the instrument bearing date july ath on the of april fol loving following the mortgage 0 was renewed and additional security given 7 iv iven 1 covering the whole of the property about ta the ic same time an additional sum of was C granted a third mortgage being given the principal and interest unpaid the total indebtedness amounting to 33 at the time the decree w was s granted tile the property was sold old in sin single 0 le lots james E R smith the i mortgagee being the principal purchaser the prices paid of course cours efell fell be below lowthe the real value the whole amount paid for the tract of sixty acres was or about less than tile amount need needed ad to satisfy the mortgage gago gage 0 the average price was 1386 per acre the property prop city eity was sold subject to redemption within fifteen months at an all inci caso case on the purchase money of ton ten per cent chicago times I 1 dec ast 1st I 1 st |
