Sunday, July 1, 2012

Land Speculation In Manitoba

Sixty thousand acres of select farming lands in the vicinity of Winnipeg, Manitoba, Canada, for sale by Messrs. Ross, Ross and Killam*, Barristers, etc., lands purchased on commission, good titles, (booklet) was  published on March 1, 1879.  *William Henry Ross (   -1880), Arthur Wellington Ross (1846-1901), Albert Killam (1849-1908) [source]

The booklet consists primarily of descriptions of the land for sale.  Below is a typical example of what is  in the publication:

Excerpt from Arthur Wellington Ross's biography in the Dictionary of Canadian Biography Online:

The collapse of western land values in 1882 ruined Ross. His practice, like that of other speculators, had been to purchase land with a minimum down payment and sell his holdings quickly before subsequent instalments fell due.

The Commercial denounced him as a swindler who had engaged “in the wildest schemes of speculation with funds altogether inadequate for a tithe of his undertakings.” More sympathetic was the Daily Times, which judged Ross no more guilty than the other hapless speculators caught by an adverse turn of events.

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