Butte semi-weekly miner. [volume] (Butte, Mont.) 1886-1890, 1889-06-29
NJ BOOM BUTTE DIRT.
Estate MEN TO ORGANIZE
an EXCHANGE And WILL SOON
BOOM BUTTE.

r,. Cable Car Company Meets with oppo-
,,.,ou to Its Proposed Additional
ou,tcb-Annual Meetings of Various
Mining Companies-News of the City
p,ssented in Its Briefest and Most Con-
else Form.
meeting OF real estate men was held
,,nrday evening at the Office OF Mantle &
Tro,ren. The meeting vas intended as o
",sSuinary step towards organising q real
rrass exchange, and every prominent real
late firm in the city wss represented. G.
Warren was elected chairman and F. &.
Catting OF T. H. Mackin & Co., secretary.
The matter Of organizing q real estate
hoard was thoroughly discussed and it was
decided to form a board, permanent organ
iration Of which will be completed Friday
evening, when a meeting for that purpose
will be held.
The exchange will work in conjunction
with the board OF trade and a systematic
effort will be made to thoroughly and in
diligently place before the world of capital
hhN CpUNAl"tAOh ~ puPOAAOA
held out by Butte as q place Of investment,
The city will be ADVERTISED and its advant-
ages shown to the world in a light never be-
fore attempted. A regular office will be es.
tablished and facilities arranged for to
show investors about the city and acquaint
them with the resources, present and pros
~pective, of the place. A list will also be
kept OF all property on the market, so that
no matter what class Of real estate may
lo;rad hu ipvoot0ro 81 Non ho ah0vp
them and advantages afforded for investi-
CATION.
In speaking to a MINER reporter about
the matter yesterday, q prominent real
estate man said: Butte 10 perhaps the only
city Of it's size in the United States which
It has never been attempted to boom,
and don't know OF any other place in
the country which could be doomed 80
easily were a systematic effort made in
that direction. We have everything here
to make a large and prosperous city, and
all that is required to make it such is a
little push and enc. gy. Towns with not q
sources have been doomed into good and
thriving cities, and know OF no reason why
Butte could not be made ever better than
they are. We have the advantage OF To-
cation, good railroad facilities and more
coming, We are in the center Of the richest
mining region in the world, and what goes
a great ways, we ave q start such as no
other city in the west has. The fame OF
Butte is not limited to a small area OF
country, as is attested by the fact that in
the last few weeks capitalists from almost
every section OF the country, extending as
far south as Texas, have been here looking
over the ground with q view OF investing,
and they were not mining men, either, but
men anxious to secure real estate in just
such a town rs Butte is.
There is n thing, however, which mill.
tates against Butte, and which we have to
explain to every man who comes here to
buy real estate, and that is the class OF
buildings which the city now boasts. After
looking over the place the first question
which such men invariably ask US Ia, How
is it that, notwithstanding, Butte's excel
lent prospects your capitalists and prop
erty holders put up such poor buildings.
Are they afraid that the town will not last
and that it will die?' To such questions
we nave but one answer We tell them
that all OF u wealthy men are engaged in
mining or some other like business in which
they grow rich fast and pay n 10 attention
to real estate, considering that out OF their
line, and many who own property, acquired
it primarily by locating it as mining claims.
This answer generally proves satisfactory,
in a measure, still these men fail to see why
our capitalists do % invest more in large
and handsome buildings which could be
rented at such figures al to materially |
swell their incomes derived from other
sources. You see the men I'm speaking OF
know nothing about mines or mining and
made their money by iudicious and timely
investments in some OF the growing cities
Swinging I'D all over the west, and in which to
hold good property is equivalent to own
ing q fortune. OF course, all this will
change in time, and Butte, like Helena, will
have as good and costly business blocks
and residences as any city in the west.
But it's buildings that help a town. Had
we a hotel here like that nov being com
pleted at Anaconda and q few of Helena's
four and five story business blocks, the
town would soon be enjoying a boom that
would surprise everybody. Such buildings,
owned by local capitalists, would show the
world that the people of Butte were pos.
sessed OF confidence in the permanency' OF
their city, and this confidence would beget
confidence in outsiders who would rush in
here and put up just as good and even better
buildings and plenty OF them, and the
grand result would be, what we are all
and hoping fora big, prosperous
and growing city. Property OF all descrip.
tons would advance in value and people
who are o comparatively poor would,
in a year or two, be wealthy and independ-
emit.
Another thing l want to say is this,
real estate in Butte to-day, is cheaper than
any place / know OF, and l have visited
every place OF any note from the Missis-
sippi to the Pacific Coast"