Highland Lake Sold to
Academy for $85,000. . Georgia
Military-Naval Academy, New Owners of Highland Lake, Spending Thousands in
Advertising the School and Hendersonville
The remarkable activity in Hendersonville real estate was
again accentuated on Monday when the Carolina Military-Naval academy purchased
from the Williams estate of Montgomery, Ala., the magnificent Highland Lake
property now occupied by the school. The consideration was $85,000.
The negotiations were conducted through the Hendersonville
board of trade, which organization backed by the splendid public spirt of the
town, is entirely responsible for the Carolina Military-Naval academy being now
an actual part of Hendersonville. Ewbank and Ewbank, real estate brokers, acted
as agent of the board of trade.
The consideration, $85,000, is the largest paid for any
parcel of real estate here in several years, and indicates a most satisfactory
real estate market.
As is generally known, the Georgia Military-Naval academy
has the same financial interests backing it as the Military academy of which it
is really a part. William Candler of Atlanta is identified with these
financiers, as is Col. W.L. Peel, also of Atlanta. Many other well known men of
the south are directors of the two enterprises.
Col. J.C. Woodward, in charge of the Georgia Military-Naval
academy and who has close connections with the United States War department,
was chairman of the board having charge of the organization of military schools
for war work, in which capacity he rendered invaluable services to the
government and to the country. Col. Woodward is an ardent admirer of Western
North Carolina, than which he believes, there is no more beautiful country in
the world.
He is also an ardent admirer of and a systematic user of
newspaper publicity for his school.
Hendersonville will greatly profit by this
trait in Col. Woodward’s character for the academy is putting this city on the
map.
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