The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1888-12-08

fE1z- kl< assessment baQas turned
9Ter BY Assessor QHGter 70 city Treasurer
Barker, there is soena To- BE a. Increase Of
syes 1905 so IL the total assessed vsls.a.
ton % sae city 81 sesitie gTer last rear.
TIE fee2pi ssslation ~ the assessment rg.lls
for The city thlis year Is.
Real esfzse xsaa1 ca
I'm PROM FseafS fst4-S7
Personal property . 80 -
GRAD Total SD, SILT
We're tie actual cash xalsafgoa II seattle
% - estimated uron fhs Assis an s ratio
used il iarge Eas:a-u ciffes Iike Ckisaso.
New YORK. sFsoklyn. Pal sd. suEia. s.
Louis, - Paul and Minneapolis. Kansas
City ana Omaha. where the assessment
Ia only about one-thiri ~ the actual cash
vaiEaiIous the actual cash ga.ugian of this
city would be pHi at nearly a. co. Go. OF
ar increase u about slstao,0o over last
year
TAe asures Of the assessed valuations for
last year were
Real estate ssHss s15
improvements LOCI 10
Personal property Z.04e 40
Grand total q, ~. IS
IF rAe people who have money could
b. Induced 70 do a lltfle figuring. the
amount of building that woaid now he
going on IA seattle would be something
astonishing, remarked a prominent bust
ness man and close shsergsr OF the real
estate market yesterday. Many Of those
who come here With none. aud others
who are here. are dlscou -aged by the hign
prices 81 lots in accessible business loea-
tons, and declined 10 purchase Ensf invest
their money IN the erection OF ne@ build
ings. These people are not es far-Seeiug rs
they should be. Take for instance
building lot on Front street
about seven blocks from Mil / know az
one building three stories high, With two
storerSoms. and twenty upper rooms put
up last summer, that brings in a total
rental OF $50 per month, an Investment Of
f@o0. uf course the cost Of the land Is
not considered, but add $4,000 or s 5 coo
for that and what per centage on your in
vestment have you still lefft AID then
II substantial bricks are put up ia place Of
wooden buildings, all the more perrna-
neut the Investment. aud al the more val
liable viii II become ss time goes on, bust
ness increases, aud property appreciates in
value.
If yoa win Just make the rounds of the
owners of property Ia seattle aud End ont
how much rental they receive monthly
from their buildings, and bow much
money they have invested. you viii be
amazed To end what incomes they are re-
eeiviug There Is every business reason to
believe that all new inyestned5s Of this
nature will pay as well. or nearly as. and
! can't understand why more are not
made.
There is man now in Seattle. lately
from Chicago. who is going Ia erect a
structure, but IL IS Of somewhat different
kind from the big brick blocks that are 50
ruffah fatkaA of - nafa Tn
and dryg0ods. and be sometime since
ordered 8 big stock from the East without;
drSt securing a room 10 place Is in The
consequences is that the goods are about 10
arrive and there viii be no
place to store them. The dealer
was at his wits end TO know what to do
with his goods. but the other day he was
struck with an idea. He went 70 Council
man Durie, chairman OF the fire aud water
committee, and obtained permission to pat
Up big tent within tha Ere iimits and
then he secured the privilege OF placing II
on the vacant lot on the southwest co-aer
of Jackson and Commercial streets. Now
when The goods come they viii be stored
away under canvas. g somewhat primitive
style OF business building 10 be located ia
the very heart of the city.
The new three. story brick OF Governor
Watson G. squire. at the corner Of south
Second and Main streets, VIII DC finished
some time next month. The experience of
Mr.. n :. Jaslia, the agent. with seekers
after suitable business locations. has been
much the same rs that % others who are
putting up nev buildings. The block CON
taius o. lower floor FIVE store rooms,
and OF these three have already been
leased Offers have beea made for thu
other two bat Ir Jaslin has not vet let
them go. pTeirrring 10 pick out what he
considers tFstclAss renters. The upstairs
Is ali engaged. The buildings in that 81
clnity have not been loose ed upon as the
very choicest for q firsi class business. but
the erection OF few buildings ike Cover
nor squire's viii make the location as eli
gible as any in the ei'y.
Atksrs. levin 4 Hammock Yesterday
completed plans for their new three story
block on Commercial street. on the site
now occupied By the Saddle Rock restau-
rant, the Boca saloon, aud Mr. tewin's
cigar store The building viii contain two
rooms on the drst floor, aud % Office rooms
upstairs. The store rooms are already
spoken fdr. The structure will be finished
In foHr months
The Seattle improvement Company is
Just finishing the last one or two Of - cot
fages ON It's property on Grant street, The
company viii in the spring begin the con-
struciiou of 20 more all for rental