Jany 11# 1887
John Muir Esq Martinz Cal My Dear Brother:
Yours of Jany 5, came this A.M. Also the book for Ethel and the parcel for J. which I will see at noon when I go to dinner and she opens the packages, I will speak for them for today and when I thank you for remembering them I only say what they will report in letters very soon. The house is a very fine one with 10 rooms, Slate roof, soft and hard water up stairs and [letterhead] hot and cold water, markble wash bowls, close in house, grates and nice mantels, electric bells, good hot air furnace, hot air all over the house, plate glass windows, hard wood floors, hard pine and walnut finish, solid cherry stair case, three large rooms in seller, being furnace room, store room and wash rooms, also has a good Barn. the lot is 41x132, and will be wroth 200.$ for front foot in the near future, is now worth 150.$ per foot. The announcement which which I have [illegible] your equity very than balances the additional liability which
I have placed up-on you so it is nothing for you to fear and if you were to keep the house it would pay its way well for as it is 5000.$ at 8% is 400.$ for [illegible] and 2000.$ at 10% is 200.$ for [illegible] making 600.% a year interest which the house rents for 75.$ per month or 900.$ a year the difference, or 300.$ will more than pay taxes and insurances.
Of course if you can spare the 2000.$ it is decidedly the best way to pay off the 10% paper. The 3 acres came in this way Paul Gardor owned a 6 acre tract of land, I said to him I will pay your prior for 3 acres 6000.$ if you will give me a contract on the other 3 acres at the same price to run until October 1886 if I sell it [[stricken word] before that ime I will give you (Paul Gardor) our half of what I got over 2000.$ per acre for the 3 acres which the contract is Jan. This is the whole scheme of the 3 acres as clearly as I can give it in this manner, when your "desparate" another lower over and I will show you all about it. Love to all. Truly Walter Brown
Kansas City, Mo
1887 Jan 11
Original letter dimensions: 25.5 x 21 cm.
Brown, Walter, "Letter from Walter Brown to John Muir, 1887 Jan 11." (1887). John Muir Correspondence (PDFs). 1704.
Reel 05, Image 0758
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