Capitalist Buya 12000 Acres.Dr. Charles E. Cessna, a capitalist of Chicago, baa purchased twelve thousand acres of land on Cboctawatchee bay, about ninety miles from Pensacola. The land is near a tract o1 thirty thousand acres which he purchased three years ago. It is an. nounced that Dr. Cessna is planning to erect a large winter hotel on Four Mile point-Dr. Owens Found Oulltv.