The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1884-04-03
THE cIry,s ADVANCEMENT.

not" now rapinIy ~ ~ improving IN inc
way Of new buildings going up. Ia the bus
mess part OF tho city, Colonel w. Il.
Hughes IL building Of stone, an addition
20 the Grand Windsor hotel. This add.
ton covers bslfa biloxi, will be four stories
high aud contain 200 rooms for guests,
which make the Grand Windsor the hand.
spnes.. most ornate ami commodious no.
tel In the south. This addition IL being
rapidly butt and viii soon DO compleled.
This Merchants exchange, on the corner 81
Lamar and Commerce streets, IL rapidly
approaching completion. II will be hrto
stories high and built OF bhck with HAND.
some stone fscngs aud oapings.
i, will be tho most ornate,
slylsh and beautiful bulldog In Texas.
Mr.. w. @ Randall Is building three
story brick business house ON Main nny by
ono hundred feet, which will be handsome
la it's architectural style and finish. Sanger
Bros' IRE pu' log uoa double three-story
building on Elm, IN connection with Their
present store, which will make their dry.
goods establishment quite 40 lsrge M that
o. A. T. Stewart In New York. Colonel
w. W. LeAke Is building two large stores
on Elm street OF brick and three store
1 h gh, and next 10 him, Hon. w J. Gavin
OF Marshall, member from Harrison county
OF tho legislature, Is erecting three.atory
brick store house ii ty by Two hundred feet.
~. Pnsfie ia raising his building on
Main ttreet 10 two stories high. Mr.. Pat
Wikerson is building three.
story brick on the corner OF Main and Muir
ply streets fiity by one hundred feet, aud
the 81. James hotel, corner Murphy end
Main s,reets. has just bsen raised 20 three
stories making II one OF the LGndtomest
and best hotels in the city. Mejor w. O..
Sickles il Just finishing handsome, CON-
modious and convenient brick livery stable
on Main street. Mr.. ii. @. CLARK Ia bulls
Ing four two.story business houses on Elm
street. Hiram Morrison 10 ilst completing
two two story brick business buildings on
Elm street. These are among the number
OF new business buildings now going up
and under contract. In tho residence por-
Ion Of thr city II is impossible to
enumerate the many buildings being
erected, but there are not less
than from 800 to 400 large and small dwell
| ings now In course of construction. The
value Of buildings IN the city proper Ia over
SO OOO 600 from April 1st, 1888 to April lst,
1884. The HrRALp would ~ glad indeed
TO see the corporate limits extended 30 az
TO take in the surrounding suburbs. If
our city had the same territorial extent
San Antonio-six miles square-
cur population would exceed S..
IS 600. II 1t had the samc territory rs Fort
Worth and Houston--iodr miles square.
our population would exceed so 600. Orr
corporate limits are only one and one.half
miles square, and still wo have popula-
too exceeding 20, 600.
The price of real estate goes to
show the rapid increase in values
within the corporate limit Of the
city, and there Is very extensive demand
for suburban property for reJldences
Land In the suburbs that two years ago
sold BY the acre at the rate Of $3.50 to $500,
now 10 readily selling at from 81, 600 to ST.
800, cut up into building lots; and lands
that year ago sold at from $500 to $3.50 per
acre, IL quickly purchased ut from $500 to
$500 per acre.
It 10 almost impossible to rent yelling
house IN Dallas now that is At to live in,
and it ia frequently the case that real estate
agents have orders for months ahead to
save places suitable for large families.
There Is no better opening for capital any.
where than in investment in real estate and
tse building of cottages for rent. The per
centage from rents would be handsome
in the money invested and the increase
in the valus of the property
itself would BIO large each year.
Not only is Dallas increasing and advanc-
ing In tho way OF new buildings and in
the values Of re lily, but she has become
the crest money center ~ the state. Erg-
lish, Scottish and other foreign loan oom.
) panies having established agencies here.
where money can BIO obtained at low rates
in sums from $500 to 81 OO0. COO II is also
absorbing the banks and principal capital
of m any other oithe smaller towns. There
are now in the city three national and four
private banks, with the prospect Of the
opening shortly Of one other national and
two more private banks. Our city can al.
so boast OF several business men who are
worth a 81 coo, 900 or more, each.
The clpss OF people who have
made Investments in Dallas
are generally from other ststes
aud brought means with them, on which
they made such handsome profits that
Others Of their neighbors aud friends are
induced to come here to settle. as we'll az a
horde Of prospectors.
With the now certainty Of three new rail-
roads, which are 10 be commenced very
ehortly, the prospects Of the city were
never better Her debt IL small and her few
bonds out are bringing sl.10. In the mat.
ter OF street railway, the city IL slrea dy
well provided, but the Belt Stree. railway
company will he in operation shortly, ard
add an additional three m lies TO the eight
miles already in operation. There il also
another street railway company preparing
10 ,et the rieht-ofwsy TO come down from
East Dallas. either Bryan, Live Oak or
Swiss streets, to point near
the public building 10 be erected
At the corner OF Main and Ervsy streets.
The people OF East Dallas are demanding
that such q street railway be constructed
that they may have better facilities for
reaching the heart Of the city. Dallas al.
ready having eight miles OF street railway.
when these new lines are built she viii tsen
have fifteen miles.
Our gas-works have expended some S23.-
600 In sx,cncing their capacity and fsciii-
t;.s and the electric light company 10 also