Savannah morning news. [volume] (Savannah) 1868-1887, 1886-09-07
WHAT THE BUILDERS SAY.

All the builders in the city agree that
Savannah is making a sound, healthy
growth. Messrs. Chaplin, Smith, Ward,
Eason, OConnell, Mattair & Harris and
Fall0n and other builders all say that
while there has not been a mushroom
growth, there has been a large invest
mentot capital in building. Mr.. Fallon,
a builder who came down here from At
lanta about the 6rst OF the year, says that
his experience here ls proof to him that
Savannah lie growing steadily. Nothing
shows it better than the number of COM
Portable homes that have been erected
and are now being erected. While there
has been good increase in the way OF
tenements the number OF su bstantial resi-
dences is even more noticeable, and the
residences indicate the prosperity of the
city. The tenements that have been put
up this year, too, are OF a better class
than heretofore.
Savannah has never been able to sup
ply the demand for comfortable houses
of the style that rent for from $40
to $50 q month. The most Of
the houses rented under $50 or over S75
a month, with few at figures in between.
The moderately high-priced houses,
neatly finished and conveniently ar
ranged, have been comparatively scarce.
Men with good salaries, but who were
| thing better than there was on the mar.
ket. Citizens who had money to put In
| buildings were slow In attempting TO fill
that demand, fearing that the houses once
! built would be Idle too much of the time.
The experiments thus far made are
| proving good Investments, and the out
look for continued investments in that
style OF houses Is excellent.
Mr.. NJ. O'Connell saws that he can
h.. 11tr Of In hui
as boom, but he considers the outlook
| good and regards the work going on at
present as strong, healthy business
| movement.
"rhe contractors are all busy, sup
posew remarked the NEWS reporter.
YES" was the reply. "We all have
our hands full. There is plenty of work
and good pay for all competent workmen.
In fact, good carpenters have been scarce
tor a time. l have just succeeded in get
ting as many men as | wanted this morn
ing, and / understand that some OF the
contractors are still on the lookout for
good men"
''lf everybody Is 80 busy then why is II
that you don't regard the present move
meut in the light of "A boomy"
"Well, you see, our business always
picks up during the spring, that is IN
April aud May, aud we keep busy for sew
efdl nOntuo lnens our uull Time is In
the winter. People are all too much &C.
cupied then to give any time to thinking
about building. Our business opened
lively last spring and there has been
enough since then to keep us all busy.
Another reason why regard the present
movement as just n healthy business one
10 that eight out Of ten OF the houses that
are going up now are being built by peo-
pie who are going TO live In them. There
are not many tenement houses being
built. What ! would call a building boom
ID when il is made more OF a business,
that is when men put their money into
houses as a business venture aud not
when they build them to live in them.
selves"
"what part Of the city is being built up
the fastest"
The southern and southwestern sec
TONS"
what style of houses are mostly being
bulltr
Good houses, ranging IN cost from
So, 600 to SIS 600.
THE SOUTHERN BANK.
The Southern Bank Of the State OF Ge0r-
gia Is one of the most prosperous and
successful banking institutions in the
country. Its capital is $500, 900 and lts
reserve fund $500. 900, and the undivided
profits are So, 600. file bank has Just
completed new building at cost Of
! about $50 900. IL is built of pressed brick.