The Town of Wake Forest 191
was another public sale of lots on June 16, 1845, when the Trustees
adjourned a meeting to attend the sale. But the records show that at
these sales there were no purchases.11 At the meeting in 1839, the
former requirement that the purchaser must build a house on his lot
within two years was withdrawn, and as a further inducement to
purchase it was voted that after that year no restrictions should be
placed on students to prevent them from boarding with the purchasers
of lots.12 In addition a year's credit was offered, and a committee,
Wynne and White, was appointed to sell lots at any time during the
absence of the Board. This was the first of many committees
appointed for the same purpose, the language of the resolution for the
appointment often revealing an eagerness in this way to get the money
to meet some pressing debt.13 It will be recalled that the farm was
bought for two thousand dollars, or about three dollars an acre. The
average price at which it was sold was somewhat less than ten dollars
an acre, for so much of it as was sold for farm land. Much less than
the price of $100 a lot was actually realized on most of them. Many
were sold for as little as $75, and some as low as $50. Many were sold
as farm land. Perhaps the total amount realized from the sale of both
lots and land was as much as $6,000; certainly it was not much more.
But it came in a time of sore need.
I make at this point what may be considered a slight digression that
I may show the manner in which the Trustees disposed of the College
land and the town lots of Wake Forest.
First with reference to the North Brick House, built by Mr. C. W.
Skinner at a cost of $3,000, and the South Brick House built by Rev.
Amos J. Battle at the same cost, it may be said that each of these were
really the property of the builders. For some time the Skinner House
served as the home of President Wait, and later as the home of
President Hooper. Shortly before the Civil War the house and the lots
it occupied, Nos. 4
11 Ibid., p. 45.
12 Ibid., p. 43.
13Ibid., pp. 43, 64, 75, 91, 107.