Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1871-10-27
fFrom The Toledo Biade.1


TWW PRORRRRITY OF TOLEDO. |
The improvements going on in Toledo,
and the evidences Of growth and pros
perity observable on every hand, are
q generally surprising TO strangers, and
the question naturally occurs 10 them
whether this rapid growth Is substantial
,,t and will be permanent, or Is SIMPLY
e. the result Of some temporary stimulus
and likely soon 10 cease and leave the
s city, like too many others, overgrown,
with business overdone, residence and
business houses uDoccupied, and all the
all other evidences Of prostration and gene
raj dilapidatien to be seen in towns and
A'"@ cities that have grown up without the
business necessary to sustain them.
e,,,, There has been go much Of this mush-
room growth throughout the west, that
-. we are not surprised at strangers wonder
ing whether 1t is substantial and upon
al what it Is founded.
Let us see: In the first place there are
in this city to-day fewer unoccuped res
Y licences and business rooms than in any
s,sqi other city in the west, in proportion TO
its size. OF course the changes natur-
a.. ally occurring in population of $4,000,
sea. always leave a certain number of vacant
sIf houses, but such of these as are at all
desirable, are speedily taken. And new
s,g houses in good locations, notwilt stand
;ss'rr'ei ing the large number built every year,
~ are never long without tenants. II may
- ~; be safely said that the demand is always
'a''}l, fully equal to, If not greater than, the
supply, and this too at rents which
though not exorbitant, yield fair return
upon the Investment.
The advance IN real estate has been
~ steady and healthy and it is not un-
reasonably high IN any part of the city.
1tmight, by some, be thought to be SO
on Summit street. but even there we dc
not know of any holder who IS at all
anxious to sell at the price at which that
property is held.
And we have no hesitation in saying
that at present prices Toledo real es-
r. tate will prove a satisfactory invest
ment to any man of reasonable expec-
tations. We do not look for any grea
and sudden advance in this kind O.
- property, and we do not want it, fol
it would necessarily be followed by {
collapse. Toledo never has been noted
for these rapid advances and sudden de
pressions, and we hope she never viii
be- But we do anticipate q steady
healthy increase in real estate value
based upon healthy growth OF bushes
ris rs. OF every kind.
cfo live look at the country natural
e.. tributary to Toledo we will see at onc
that there is solid foundation not onl
t,,,.. for her present prosperity but for st
sh more rapid growth in the future. Thi
g. - tributary country is being rapidly settle
Ga up, and every year adds largely to il
trade and to the demands it must max
-S..:, upon its great center of business.
.ea Toledo is already one of the most III
.G-s, portant railroad ceHters in the west-b
aides the great advantages ofits sitnatio
- at the head of navigation on Lake Eri'
and as the terminus of over tour bundre
miles of canals running through IL
- richest portions of Ohio and Indians
- The country now tributary to it is NJ
surpassed in richness and all natur
advantages by any of equal extent in tt
q United States. But it is still new, an
~ its development may be said to hay
e scarcely commenced. The population
g the wealth and all the business of tt
immense territory must continue to il
crease for many years to come, and q
of that increase must add TO the busine
of Toledo. Then with the new rost
a1E now in course OF construction, and Whit
will be completed within twelve month
= new territory win be opened to us Wi
So, an amount of business greater, we b
lieve, than is anticipated by even Il
most sanguine of our people
These facts, therefore, warrant the g
a sertion that Toledo, instead of beil
overgrown IS in reality behind the
mands Of the county whose business
tributary to it, and instead OF there
r. ing aay cessation in its growth, it mu
I in the future be more rapid than ever