Land Speculation
Through a company he owned called the Omaha Abstract and Trust Company, Benson accumulated a great deal of land around Omaha. In 1887 Erastus Benson purchased approximately 900 acres (3.6 km2) of farm land approximately nine miles northwest of Omaha from John Creighton, an important businessman and philanthropist in the city. Benson Place, a suburb of Omaha, was platted on March 4, 1887. Benson's application to run a streetcar line connecting the suburb with Omaha was approved the same day. Benson attracted buyers by hiring Charles Jesse "Buffalo" Jones to graze herds of buffalo along Military Road.
Read more about this topic: Erastus Benson
Famous quotes containing the words land and/or speculation:
“Boys forget what their country means by just reading “the land of the free” in history books. Then they get to be men, they forget even more. Liberty’s too precious a thing to be buried in books.”
—Sidney Buchman (1902–1975)
“When speculation has done its worst, two and two still make four.”
—Samuel Johnson (1709–1784)