Lot sold July 20, 1912.
- OLIVER PROPERTY OU SOUTH IAIN WAS TRANSFERRED VAIA'ABI - E PIFCE OF GROUND SOId) TO WILLIAM J. KILO AL LEN WAS PORTION' OF Till - JANE M'DOl'GALL ESTATE - SOLD TO MR. OLIVER ITVI YEARS AGO FOR SIX TIIOI SAXD DOLLARS AXD DISPOSED OF BY HIM TODAY FOR TWELVI THOUSAND DOLLARS. A valuable piece of real estate In the central city changed hands today, when II. Oliver, the tinsmith, sold his business property at 50 South Main street, two doors below Spring street to William J. Kilgalleti, of this city. The property consists of a lot of ground with a frontage of 2rt feet and a depth of 100 feet, on which Is a one - story frame building, occupied by Mr Oliver for a number of years as u tin - shop and hardware store. The property sold today was origin ally a portion of the estate of Mrs. J. McDougall. who occupied it as a tin - shop before it was sold to Mr. Oliver. On Dec. 2nd, 1907, less than five years ago, the McDougall estate disposed of Its entire holdings on South Main street. The corner lot. the same size as the one transferred today, was sold to Charles Carroll council, No. 411, i ouug Men s Institute, which contin tics to hold possession, and at the same - time the lower lot was sold to Mr. Oliver for $6,000. It Is stated on good authority that Mr. Oliver received received today for the same lot the sum of $12,001), which is a good indication of the way real estate values have been bounding In the central section of the city In recent yeans. In less than five years the value pf the property doubled. This morning's sale was negotiated through the real estate agency of G. B. Thompson, as were the sales of the McDougall property five years ago. Although no otllcla Announcement was made on the question and the sale today l:i in the name of Mr. Kilgallen, it would not bo surprising If the prop erty transferred today eventually finds ts way into the ban, In of cnarios car ro - il Council. Young Mn's Institute, of which Mr. Kilgallen is an active member. member. It wa. - he who negotiated the purchase purchase of the corner lot from the Mac - Dougull estate live years ago. The organization organization has desired for some time to secure possession of the Oliver nronerty. in order to add It to its pres cut holdings with the Intention o( erecting a modern homo for the organization. organization. In addition to having possession possession of the lot at the corner of South Main and Spring streets, the Young Men's Institute holds ft lot of ground at tho rear of the same, with a frontage frontage of 35 feet on Spring street and a depth of f2 reet, this lot running at the rear of the two lots mentioned above. Between the front and rear properties Is a private alley 12 feet wide. If the entire McDougall property passe Into poHSesslon of the Young .Men's Institute, which Is one o th - ' l.irgest and most influential Catholic .Men's organization in the city. It will probably ereet on the site a modern building the ground floor of which would be devoted to business purposen and the upper floors for the purpose of the organization, (with reading rooms, mooting hull, parlors gymnasium, gymnasium, and other desirable club features.