Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1889-01-01

| tanned in a progressive manner para
/ mount with her rapid development;
/ Estimated population ..-.............. SO, 900
Number OF railways entering city,. II
| Number of miles street railway 70
Number of miles graded Streets "A
Number OF miles in course Of construc-
| Number of miles sewerage MAINS. Il
| Number OF miles water mains. q
Number OF arresian wells IA
| Number of churches. ...--...-....-..... -
! Number OF free school buildings. Ii
| Number OF national banks. ........-....
| Number of city wards.
REAL ESTATE VALUES.
As has been heretofore stated in this
article, the present real estate values Of
| Fort Worth are low compared with the
! prospects for future growth. Without
referring to the causes which may have
produced this condition. The Republican
| is warranted in asserting that better OPP
| portunities never existed in any city for
making wise and safe investments than
are to be found in Fort Worth to-day.
Be it said to her credit, she has never
experienced a fictitious boom and values
have never been inflated by reckless
| speculation. The property, both inside
and outside, is held for what it is worth
| to-day There may be some held
higher, but the amount is small
and the instances are confined to
| tracts which have been purchased for
| personal use, and to business locations
which have been secured for the purposes
and business needs of the present own
ers. In such cases it is but natural that
the said properties are held higher than
the present value.
A GLIMPSE OF BUSINESS VALUES
Business property upon the two mann
business streets can be bought now at a
rate that must yield a revenue to the
purchaser within six months and there is
every indication that 1t viii be worth
twice as much as the present
price within eighteen months. These
streets are Main and Houston, leading
from the union depot north to point at
which they are terminated by the bluff.
The street-car system has been organized
so that these thoroughfares will ever be
the foundation heads of the business
center of the city They are well built
up with substantial buildings and the
traffic of the wholesalers and retailers is
done upon them.
Accurate quotations CLEANED from va
rious sources by the Republican CORE
spondent give present prices of such prop
erty upon these streets as follows: Best
corners, per front foot, 5000 400; inside
lots ,.S200@250 per front foot In many
instances property held at these prices
contain good buildings, and in other
cases they do not, but the above quota
lions serve very good purpose in illus
trating the idea which is sought to be
conveyed.
FUTURE BUSINESS PROPERTY.
To the east and west Of Main and
Houston streets are two parallel streets
which promise to receive attention as fu-
ture business property, as the spread of
fr9H q m Ti1U nyfnv1 RI them
They are principally occupied now by
residences, but to the eye OF one expert
enced in witnessing the development of |
other cities the fact of their future state
is apparent. In fact the retailers must |
eventually extend along thir borders, as
the limit to all the business streets is |
bounded on the north by the abrupt bluffs |
of the Trinity river bank.
Notwithstanding this fact and the IA |
vorable conditions for the rapid rise OF |
property on these streets, the rates are |
quoted low, being on an average $60@75 |
per front foot, with corners proportion
ately higher
Business lots are chiefly 25x100 in di- |
mansions
OUTSIDE PROPERTY VALUES. 80
AS bit of information to those inter
tesested III purchasing outside residence |
property in Fort Worth, the Republican
will state that there are some valuable |
bargains in much of it for speculative |
purposes. There are numerous additions |
TO the original plat, as in all similar /
growing Western cities, many of which |
are finely located and which must event
ually become popular among the future
residents.
THE INCREASE IN VALUES.
AS an instance of the growth in real |
estate values it may be cited that the |
Texas Pacific land grant through the city,
which was considered worth $40 an acre
i'll 1876, is now appraised by the officials
of that road at 81 ,240 600. The tract is
400 yards wide and about two and one
half miles long, containing $50 acres, the
value of which in 1876 was 1920. Other
property has increased proportonately in
a manner both legitimate and healthy.
This condition is as noticeable in acre
property surrounding the city, but i'm
proved farm property lying near it can
yet be purchased at a price sufficiently
moderate to prove a paying investment
within five years There is much of it
that win be brought into use as addi-
tons within that time
The Chicago Tribune of recent date
says:
Few people of the North who have
never visited Texas have any conception
of this, one of the most beautiful, fertile
and productive states of the Union.
Texas possesses a climate and soil suited
to the most abundant growth of all kinds
of grain and vegetation. The soil is appar-
emily inexhaustible and produces from
three-fourths to bale of the best grade
of cotton, from twenty to thirty-five
bushels of wheat, and from forty TO sew
enty-five bushels of corn per acre. Rye,
oats, barley, sweet and Irish potatoes,
and vegetables of all kinds are grown III
abundance, with less care and work than
are required to produce the same
in the soil of any other
state. There is probably no other state
in the Southwest that is receiving more
attention from capitalists and farmers at
the present time than Texas and few |