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The Portsmouth Inquirer
Portsmouth, Scioto County, Ohio
What is this article about?
Land values in Vinton County, Ohio, have risen due to railroad prospects: one farm offered $3,300 after previously valued at $2,000; another near Bloom Furnace refused $1,500 after asking $700 months earlier.
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Full Text
The Vinton County Republican says: that a gentleman of our acquaintance, who, a year or two since, would have sold his farm for $2,000 was last week offered $3,300 for it. The prospect of a Railroad running near the land, is the only thing that increased its value. What better argument could be presented in favor of Railroads, or public improvements of any kind.
We add another instance. A gentleman living near Bloom Furnace and owning a small farm for which he asked, a few months since, $700, refused, last week, $1,500. The railroad runs through his land.
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Where did it happen?
Domestic News Details
Primary Location
Vinton County
Event Date
Last Week
Outcome
one farm's value increased from $2,000 (a year or two ago) to $3,300 offered; another near bloom furnace from $700 (a few months ago) to $1,500 refused, due to railroad proximity.
Event Details
Reports from Vinton County Republican and additional instance highlight land value appreciation solely from railroad prospects: first gentleman's farm near prospective rail line; second gentleman's farm with rail running through it.