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jt 9 ^ 1 ' h l ~ ) Las Vegas, Bevada February 29, 1924 Mr. 38. E, C alvin, P resid en t, Xas Vegas Land Ss Water Co., Omaha, Hebraska. Lear S ir : Ref e rrin g to your l e t t e r o f February 8 th In r e f ­erence to s a le o f acreage south o f th© Townsit©. o f #38,000.00 cash or, i f th at o f f e r is not accepted, he would lik e to purchase the sm all th ree cornered p ie c e containing about two blocks and a h a lf, as p e n c ille d in blue on enclosed map, and w i l l purchase same a t p r ic e o f $80.00 p er l o t ; w h ile on the enclosed map these blocks a re shown, they have not as y et been surveyed nor s tr e e ts and a lle y s dedicated and no water thereon. the a c t i v i t y o f r e a l e s ta te in and around Las Vegas a t th is time, m ostly due to the fa c t o f the marked newspaper adver­t is in g we are re c e iv in g through the s a le o f stock in the Boulder Canyon Land Development Company •* the Lindsey T ra ct o f 5000 acres east and over the mesa from Las Vegas. I f we contemplate p lo t t in g th is vacant ground o f K39 acres, I b e lie v e the same should be don© a t once fo r , should anything tra n sp ire to retard o r even tu a lly move the construction o f the dan on the Colorado R iver, our lo t s would not be worth as much as they are a t the present tim e. In ta lk in g th is m atter over w ith Mr. Maguire, the C hief Engineer, we b e lie v e to p ro p erly p lo t, la y out s tr e e ts , curbing, e t c ., and ca rry water mains in to th is p o rtio n south o f town, i t would cost p o s s ib le $85,000.00 to #75,000*00; but w ith th is excessive cost, i f handled p ro p erly os were the lo t s on the opening o f the Las Vegas Townsite, I b e lie v e w© could c le a r up a v e ry handsome net p r o f it on the investment and a l l w ith in a few year*s tim e. A ft e r you have considered the la t e s t o f f e r from Mr. Hawkins, w i l l you k in d ly a d vise. Mr. Hawkins has made another o f f e r f o r th is acreage Yours t r u ly b/h GC--A. Maguire V ic e -Ir e s id e n t & Agent i i l i l i C. C. Barry