Omaha Daily Bee Newspaper, February 16, 1890, Page 16

THE OMAHA DAILY BEE: SUNDAY, FEBRUARY 16, 1840.-SIXTEEN PAGES. A 1. MAYNE & CO0. * 231 Main Street, Salt Lake Ciy, Utah. AGENTS FOR WEST DRIVE SUBDIVISION Only 8% blocks from Postoffice. Lots $350 to $500. Also have large list of property in all parts of the city. CORRESPONDENCE SOLICITED. HARVEY HARDY, Manager. J. GUNNELI, F.I. GUNNELL, l The SYNDICATE INVESTMENT CO REAT, HSTATH. Choice City, Acreage & Add_i_t_i.on Properties. INVESTMENTS CAREFULLY MADE FOR NON-RESIDENTS. Sole Agents for “Rosedale” The leading addition, only one and one-half blocks south of Liberty Park. Lots $250 to $350 until February 2oth, giving you 10 days after election, . WE INVITE CORRESPONDENCE. P.0. Box 1148. 279 South Main St. F. M. BISHOP, Secretary. T. A. DAVIS. J. T. STRINGER. DAVIS & STRINGER, Real Estate and Loans 23 W. SECOND STREET SHOUT, SALT LAKE CITY. We have a large list of residence, business and acreage property, which we are always pleased to show to visitors and wo wiil furnish maps and lists of our property (subject to pravious sale), to our corraspondeonts. We have associated with us Mr. ALFRED E. DUNCAN, formerly of Omaha, who will be pleased to hear from his friends, and endea- vor to give them any information they want. J, H. HINMAN, Treasurar. THE MIDLAND INVESTMENT CO., 177 MAIN STRHET, SALT IAKE CITY, UTAIH. BUYS and SELLS REAL ESTATE in and adjoining SALT LAKE CITY on Commission We have handled over $2,000,000.00 worth of property in the past 12 months, a large portion of which has been for non-residents. The members of the firm have had 10 years' residence in the city, and large experience in handling realty, and are thoroughly posted on values. CORRESPONDENCE SOLICITED. REAL ESTATE : - e = o P A e e each. There ought to be 2,000 residen- [ o, 4, surver, ces built this yenr, and there will be if the material can be had. Averaging District Telegra COMPANY. OFFICE UNDER DE: 79 South Muin Strect. Mossengers Furnished ’kl]ay [y Night. Oirculars. Invitatious, Ps ed promptly. 1 escorting of ngors tons and pluces of interest throughor A. W. Gallacher, - Manager. Telephons 150, ArEXANDER L. POLLOCK, E.W. WiLsox POLLOCK & WILSON, LEADING Real Estate Agents, 10 East Second South St., BALT LAKE OITY, - - UTAH We have a hundred of the cholcest lots within nine blocks of the_postoflice, ) feot front, and sell them at from 14 to K175 each: besides busi- ness |n‘urperty. acreage, and lots without num- ber. Information proniply give: =THE Commercial National Bank, Salt Lake City, Utah. HENRY G. BALCH, Presidant. GEJDRGE M. DOWNEY, Vice President. JOHN W. DONNELLAN, Cashier, Colltions Promty Atendsd %o Fands deposited with our corraspondents in New York, Chicago and Omaha, available in Salt Lake Without charge for excliange. CORRESPONDENCE SOLICITED, THE WALKER HOUSE. SALT LAKE CITY, This is the Largest, Finest and Best Con- ducted Hotel batween Omaha and San Fran csco, Ivis firstclass in all its appointments, Headquarters for tourists, military and com- merclal men, Rates, $8 to $4 Per Day. GEO, S. ERB, - PROPRIETOR, D — e — THE METROPOLITAN HOTEL, SALT LAKE CITY, This 1 the most beautifully located nhotel 11 Salt Lake City. Large, fino and elegantly farnished tooms. Especially adapted to fami- lies. Table unsurpessed, Rates Only $2 Par Day. GEO. S. ERB, Prop. WILL ERB, Manager. [n Salt Lake City In my letter published in Tite BEe of TFebru 2, I said “Proy groftly appreciated in value. and continues to appreciate, al- though many men it is alrendy higher than in Denver, Minneapolis or St. Louis.” If the context didn’t correct the im- pression this bold statement was cale lated to make, I desire tocorrect it now. Men not only say this, now, nut they have been saying it to me for two years, and in t ne it is my opinion that property in this ecity, eavy bus s part of Main street, has appreciated 400 per cent. Less t! Vi years ago I bought a piece, ing Liberty Park on the north is by the electric railway one und two- th postoftice, for § 00, which is now worth $45,000. T bought a piece on First South, four and a half Dblocks east of Main stree! block and a street here is forty rods—for $10 a front foot, L now worth 8200 a front foot. I priced a piece on West Temple et, between First and Second South, 824 feet front, twoa hall years ago. It was held uf $10,000. It was sold ¥ and is now worth $49, acres on Seventh En of Liberty Park, ls It is now worth $20. illustrations of the rise in values, per- sonally known to me. Sales of real estate in Decembar lash exceeded the total sales of 1887 by 25 per cent. Sales for the month of Janua- Ty just passed exceeded the total sales for 1887 by 15 per cent. What does it mean? Ave these purchases mere op- tion-buying, or ave they investments, property bought to hold” and improve? It is a matter of record thatof the mon- 5 ey ]midsl[or‘ro}nltiv in S ‘§ lfinlm n ww?:i o é G - to-wit, 815,000,000, t thirds was vais i down. Does that look lilse the option-buy- The New Hotel, Salt Lake City, ing of Wichita and Southern California? Let me tell you what these purchases and the advance in price was based on: Gontile success at the Ogd city elec- tion of lust Fobruavy. The,diversion of Bear river on the northe: n shore of Great Salt Lake at a cost of $2,00,000, doubling the irrigating resources of S Lake vulloy. Consolidation of the intermountion lines of the Union Pacific hendquarters at Salt Lake. Broad-gauging—substantially re-building—the Rio Grande Western, furnishing trackage for tho entrance of three or four Ea railways into this valley and city. Commencement of construction by the Paci Short Line. Organization of the Wyoming, Salt Luke & California, from Evans ton, Wyo., to Deep Creek, Nev. Sscuring a site und filling a subscription of $50,000 to put up a Chamber of -Commerce building. The introduction of elec- tricity as the motive power of our straet car lines. The putting under ground of eleven and oue-half miles of sewer pipes in Salt Lake. Gentile success at the legislative election of August, in which Gentiles carried the Mormon cupital by forty-one majority, with a thousaud unecast votes to spave. The order of the Union Pacific to extend its Utah division from Milford to Pioche, and to broadgauge the Utah div sion from Ogden to McCammon Junction. Building of John W. Young’s Fort Douglas and Purk City road over the Wasatch to Purk City and out to Great Salt Lake. The purchase at $85,000 of a lot on First East and Third South, aud its donation 10 Omaha men to build a 800-room hotel upon. A rival project for another 300-room hotel on West Temple, between Second and Third South, carried through to the point of certainty. The rapid growth of Ogden under the new regime, and the stirring of new lifc 1n all the towns up and down the valley. - Work done on public institutions—Capitol Grounds, Industrial Home, Reform School, Agricultural College, Deaf Mute Institute, Fair Buildings. Resolution of City Council and County Commisgjoners to build a joint Court House and Caty Hall to cost 8160,000. Building of thirty stores, mills and factories, cost- ing 8750,000. Building to twelve school houses, churches and charities, costing 8158,000. Building ot 467 residences, costing 795,000. Projection of the Utah, Nevada & Californa, another through line to the coast. Promised extensioh of the Sanpete road down into the Sevier countr, Such are some of the improvements upon “which the realty movement of the past year was based. Carried out, they will make a new world of Utah, and a new world needs a capitol. Most of them are still under way. What do we pro- pose for this year? Business blocks and public buildings are now in contempla- tion that will cost $2,000,000, some of them begun. ¥ Prices of real estate are now approximately as follows: First class business, corners, $1,800 per front foot. depth 165 feet; inside, 81,400; second cluss business, corners, $1,000; inside, $700; third class business, corners, $500; inside, $400; first class residence, corners, $150; inside, 8100; second class residence, corners, #60; third class residence, corners, $25; inside, $10 to $20. Lots in first ious within and contiguous to the city, two miles from business cente x140 faot, $10 10§20 per foot; second class, #8 to $12; warehouse and lumber yard sites, 3100 to $150 per foot, varying in depth from 165 to 830 feet. Tne city auc- tioned off about 300 lots in December for $300,000; lots half a mile to 8 miles from the business center and as yot without water. The vear 1890 opened with real estate relutively quiet. Yet sales for January were #3,644,221. Tho following building 18 in contemplation for early spring, some of it bogun. City Hall and Court House, $160,000, wing of Teérritorial Capitol, $100,000, two 800 room hotels, $350,000 each, three busiuess blocks to cost $100,000 each, three ditto to cost $150,000 each, ten or twelve ditto to cost from 50,000 to $75,000, and a number of single buildings to cost 815,000 to #25,000 possibility to do this amountof building joar, bocause wo are not prepared for it. There will at least be o mighty effort made to do it. Fvery Salt-Laker has become convinced that he can put his money in nothing safer or better than residence and business property in it Lake. Later in the season we count on the erection of a fe | government build- ing to cost &5 of u Union Passen- ger Station costing y erection of Union Pacific Car Shops, of a mammoth packing establishment, of an extensive sugar making plant. We count on increased production in estab- lished business, and on production in new lines consequent upon extensive building.on the commencement of str paving: on the founding of new m facturing industries; on the construc tion of a railroad from this city outinto lh(‘1 mines of Midale and Southern Ne- vada. Such a road, the Wyoming, Salt Lake & California, wus organized here last year. Ithasfound a feasible ltne di- rectly over the W teh from Evanston to this city ng almost all the way through slays, sands and stones— all ma aquired in city building. ¥ron here out to the Nevada border. the route is like the route up the Platte Valley. There is )d deal of bus- siness on the v i re, salt &ec., at the line the r i make tributary to this city an imperial scope of the best mining country in the United States. It will assuredly cause our smeiting plant to be doubled and re- doubled in capacity.It will make a mar- ket forour coal and for o grow or manu‘act, Lake the commer ital of the great mining State of N in which the hum of industry only from lack of ruilroad facilities, as italready is of Utah and adjacent re- gions. Without much doubt it will result in the Central Pa changing its line from the north to the south of great Salt Lake. A considerble mileage would thereby be savea, and a mileage expensive to operate on accownt of high erades. The effect of this change would be to eause everything in Salt Lake valley to gravitate to Salt Lake City—railroading, manufactures, money, markets, trade, lation. I ¥ ng the valley would find its destinution only at ke C eV ng the valley would be made up at Salt This railroad out into Nevada is going to be built, The Union Pac dly do itif it could have five orten years to getready; but it won’t Avrangements are al dy made for the construction of the road this yes East from Evanston, the iy to South Pass and down Sweetwater to con- nection with some great Chic stem waiting ‘tother side of the mountains What, then, is there in the cry sometimes heard that realty in Salt T 00 high? As I have said, some men have stood by saying it was high some other place these two ye: vhile it has gon LIt now, it wasn't two years ago; and if it is true now, it is because it is worth more, You can build a “own anywhere on the Missouri, or the Mi ppi, or the Ohio, or the greavlakes, and competition between them is necessarily close and bitter Outin th hi no such p ili There is Denver and Salt Lake, and that j s operty may b 1 > who haven’t caught on to be high, but it continues to advance and to sell. No one has seen the day within thre years when he could have bought back any piece of land in or about the city for the price he gold it for. Nor will the day dawn upon the city for a generation when property will not be worth more than it was the previous day. . To Europe the entire United States is the coming, the growing world. 1880 the entire wealth of the Union was less than fifty thousand millions. exceeds sixty thousand millions. By the census of 1900 it will be se y-live thousand millions. The West is the young and fast growing part of the United States. By common consent ““The Wesi” is now that great park-like depreseion in the top of the mountains betw the Wasatch and the Sierra Nevada, whers nature has her own mineral laboratory, and has hidden the results of her m'{nturfious‘pru- cesses in every hillgide, It is the mineral storehouse of the United States. All the at mines of our history, with just enough exceptions to prove the rule— the Comstock, the Raymond and v, the Ontario, the Horn Silver, the Eureka Consolidated, the Richmond Consolidated, the Flagstaff, Northern Bell, Emma, Standard—are in this basin, The valleya and the water are limited; so much the better for the owners of what there is, and there is enough. The climate, aside from its aridity, is conducive to vigorous health and sturdy and long life. The sun is ever shining, . The outward slopes of the enclosing maurtains, east and west, clear to both seaboards, are relatively to this basin hoary with age,and hold opportunity corre- sponding’ e, Salt Lake City is of this lust and ultimate ‘*West,” the rarest, choicest It is the only site from the mountains to the far western sea, where a great ¢ i to be. The grouud under the city will increase in value for gen- erutions unless the mountains renove out of their places or earthquake mumble their jaws over And we Sult Lakers are going to build it, as within three or four years you Omahas have built Omaha. We are willing to’ be helped, and we need help, but if it doesn’t come and with its sleeves rolled up, we will endeavor to do without it, We luck neither faith in the great future of our city, nor the pluck and means to realize it. - All the same, “Come over &nd help us.’”” O. J. HALLISTE R, Secretary Salt Lake Chamber of Commerce. feal Eslat UNDER - THE - POSTOFFIGE. SALT LAKE CITY. Sole Agents for Myscatine Plaze. The leading subdivision in tho city, Lots 2310 to #500 each. Size 30x150 and ) bel larger than any other lots now on the -marke; This subdivision {5 but five minutes' walk from the depots, and but 15 minutes’ drive from the postoftice, .BUY NOW! DON’T WAIT! Maps and plats furnished on application. Let Us Hear From You Quick! C. E. ANGELL J. L. PERKES, MGELL & PERKES, Real Estate [nvestments Residences, Bullling Lots, Business Proper- tles and Furm Lands, Twenty years' residence inSalt Lake City. CORRESPONDENCE SOLICITED. P. 0. Box 1213, - Salt Lake City, Uian A.d. VARN| H. J, MATT) VARNEY & MATTHEWS, Real Estate Agents, 239 Moin Street, Opp. Walker House, SALT LAKE CITY. Make a Specialty of Investments for Non-Residents, Having given special attention to inside prop erties, we are thoroughly prepared with choice barcalus in_ business properties that insure n handsome profit to the purchaser. CORRESPONDENCIE SOLICITED. C. L. HANNAHAN, REAL ESTATE. CORRESPONDENCE SOLICITED. . Relinole information given to inquirics 9 W. Second South St., SALT LAKE CITY, - UTAH. WEBB & PALMER, Real Estate and Investment Agency. Chiolce City and Suburban Property for sale at prices and terms to suit buyers, CORKESPFONDENCE SOLICITED, Wh n visiting Salt Lake City, call at our office. C.E. WANTLAND, REAL ESTATE, R. R, LANDS AND UTAH INVESTMENTS 201 MAIN STREET, SALT LAKE CITY. LINCOLN PARK--The Leading East Side Addition. Lots, $175 to $400. BEUNA VISTA---The Leading West Side Addition. Lots $75 to $150 The Salt Lake Abstract, Title, Guaranty & Trust Co (Formerly Elarveyr, eff dz Ce.) 265 SOTTIET M.AIX STREET. CAPITAL $100,000. IncorporatedUnder the Laws of Utah Territory 'itles to Real Estate and Mortgages T} hly E. ined and Ins . .| charter, Wills receipted for and safely kept, without charge, 3 : : hBosxe(s) aniladoessdafi Escrow %Esi‘x:?ss. ]/:l;:(z:%s] {lxe’::i:::::,t—A;?flni:;‘;{gr (];{u‘:::ls;:,aref\slgfl;;s: JOSEPH H. SMITH, President, Denver, Col, \VVILVLIAM J‘, HARV _l‘:\:, Vice President and Manager, Receiver, etc, ete, and Executes Trusts of every kind, . ; 4 £ss) JOHN W. NEFF, Treasurer and Assistant Manager, EDWARD W. GENTER, Secretary and Abstract Officer. THE ONLY TRUST COMPANY IN UTAH TERRITORY.