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Wednesday, June 26, 2019

Highland Lake Sold to Academy for $85,000, June 26, 1919

The French Broad Hustler, Hendersonville, N.C., June 26, 1919

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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