Daniel E. Riordan (1863-1942)
BIG PROFIT IN KEAI ESTATE. Land Bought for Two Dollars an Acre Sold After Six Years for $6.25. Rhlnelander. Former Senator Daniel Daniel E. Riordan, of Eagle River, aside from being a lawyer has for years past, Interested himself in the real estate estate business, real estate, so t far a3 the term appliie3 to the cut-over cut-over cut-over timber timber land in this section. He bought l.GOO acres of stump land from N. A. Colman. of Eagle River, in 1898, for from 1.50 to $2.10 per acre. The land is located in Vilas and Oneida counties. He sold the holding recently just as he bought it, back to the original original owner. Mr. Colman, for $10,000, or $6.25 per acre. The transaction shows the rate of increase on lands of the cut-over cut-over cut-over variety which not more than ten years ago were hardly considered worth paying taxes on by the lumbermen, lumbermen, who originally bought the lands for the timber. S. J. Gillespie, an Iowa investor, owns over 5,000 acres north of this city, a large portion of which he offers to give to settlers in lot3 of 40 acres each if they will clear it and prepare it for cultivation, '