Creator

Walter Brown

Creator

Walter Brown

Recipient

John Muir

Transcription

[letterhead]

Aug. 5, 1886

John Muir Esq

Martinez Cal

Dear Brother:

I wired you late last evening asking if you could raise 8000.$ No I have a chance to exchange our house for a corner 100 x 100 on which I can build seven houses and a drug store which will combined bring us a rental of 6000$ net or 7000 Gross yearly. The location is one of the very choicest in the City being at the corner of Washington & 14#, This is on the west side, and in the Bouton part of town. I would put up 3 story houses with all modern improvements The ground would cost 20,000.$ we can put in the house equity at 8000.$ and your 8000$ and my 4000.$ would clear the lot, then I can get all of the money necessary to put up the Block at the Big new Bank here which my Friends (I helped a little) have just started (or rather will start next Monday) (Capitol $1.250.000.) then as soon as it is completed I will make a loan at 6% for all it cost and your 8000.$ besides. (we can build much cheaper than those not familiar with building suppose) for instance what the plans show to cost 6000. we can build for 4000. We can get up a suitable Block for 28,000.$ The rentals will pay 15% Gross on the entire cost of the lot improvements.

With Regards I am Truly

Walter Brown

01237

Location

Kansas City, Mo

Date Original

1886 Aug 5

Source

Original letter dimensions: 25.5 x 21 cm.

Resource Identifier

muir05_0678-let.tif

File Identifier

Reel 05, Image 0678

Copyright Statement

Some letters written to John Muir may be protected by the U.S. Copyright Law (Title 17, U.S.C.). Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the copyright owners. Responsibility for any use rests exclusively with the user.

Owning Institution

University of the Pacific Library Holt-Atherton Special Collections. Please contact this institution directly to obtain copies of the images or permission to publish or use them beyond educational purposes.

Pages

1 page

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