Omaha daily bee., 1889-04-15
SEVEN MILLIONS OF DOLLARS
On the Way to Investment in oma-
ha Realty.
ALeRleHT's WESTERN TRAVELS.
The Overlooked Pacific siope-How
the .western Meccas Compare
with Omaha--An Interesting
Trip Graphically Described.
To the Pacific.

In speaking Of his recent trip MIR. w. o.
Albright said;
In Denver the people are crazy on the sub
iect of real estate. There is no acreage suit
able for subdividing near the city and lots
are all 25xl25 feet. Transfers on the 18th of
February by warranty deed were s152, 900;
the 10Th, sl36, 600; Goth. si99,050; 21st, $685.
600, and on the 23d, $4,000. Eighty acres
were sold while was there TOR $4,000, sew
eral miles from the business center, and the
nearest means of transportation being within
two and half miles, and that circle road,
similar to our belt line
One hundred and sixty acres eight miles
out sold for s50, GOO; 10S acres for $l0s,000.
Among recent transfers were eight blocks
in west Colfax addition, 25x125. three miles
from the business center across the river
through the bottoms, about as near the
horse car line as West Albright $4,000.
Acreage is being plated and sold into lots
fourteen miles out / consider that they
have reached the extreme of their boom, and
that and early reaction will be the inevita-
BILE result.
BY comparing these prices with Omaha,
you see that we have never had real estate
boom.
They have no manufactures to speak of in
Denver. They claim that the opening of the
Gulf road has been of benefit to the stock,
in bringing it in. | showed them clipping
from one Of their own papers where the
Omaha Packing company, who have retail
business house in Denver, were selling por-
terhouse steaks for 1915 cents pound; and
that cattle they are bringing in are shipped
direct to Omaha and are here slaughtered.
The wealthy citizens of Denver discourage
manufacturers, claiming that they do not
wish to be bothered with the smoke After
q careful investigation, the more 1 compare
Denver with Omaha, the more l am con-
vinced that values are thoroughly estab
licha in laft md hat mt
eve of great activity IN realty.
Pueblo is a city of probably ~, 600 to &c, 600
population. The boom is far in advance of
public improvements. All choice acreage
about the town is controlled by Denver peo-
pie. 1t is typical mining town and there is
no chance to make money there at present
Good acreage is selling at 1000 per acre, and
business property from $3.50 to $3.50 per front
foot unimproved.
Salt Lake City has an estimated population
of 10000. No sidewalks or public improve
ments of any kind. Business property ranges
from $1,000 to 81, 600 per front foot; residence
lots from 800 to $3.50 per front foot. Three
miles from the center lots are selling from
$500 to $500; acreage from $500 to 81, 500.
Ogden has population of 5000. I was Of
fered six and one-quarter acres one and one
half miles from the business center for $1,000.
Forty acres were recently sold at about the
same distance for SAC, 900. There is nothing
there, however, to Justify the belief that
town lots can become valuable.
At Ogden l met representative Of an
eastern syndicate that has 81 600 900 to in.
vest He says they have invested largely in
Omaha, Kansas City, Sioux City, Sioux Falls,
Minneapolis ST. Paul and Duluth, but have
closed all their investments outside of Omaha.
He has made the entire tour of the west
Denver, Pueblo, Trinidad, Leadville, Salt
Lake, Ogden, Seattle, Tacoma and Spokane
F'alls-but has not invested a dollar. He will
be in Omaha soon, and am satisfied he will
do business here.
One thing that strikes a stranger as pecu-
la. to hat t1n rn,t ff fr,rtt
growing country the more expensive the
fruit becomes and the poorer the quality.
Fresno has a population of 10000; business
property is valued at from $500 to 81 900 per
The principal crop that has been raised in
California for the past eighteen months IS
mortgages. Eastern people have become
tired Of paying 81, 600 to So, 900 per front foot
for climate. Business property in Los An
geles has sold as high as ~, 700 per front foot,
virtually unimproved. San Diego has pop
ulation of 10000. Lots four miles from the
business.center. twenty-five feet 'front.' were
sold ut S400
The Omaha BEE is the only Omaha paper
had chance to buy on the coast. AT the
Palace hotel newsstand it sells at 10 cents six
days old l found it also at Los Angeles, San
Diego and Portland, Ore, but they are gob-
blcd up as soon as they arrive.
San Francisco proper has no suburban
property; when you leave the business dis
tricts you run into barren sand hills. In the
county of which San Jose is the county seat
seat the delinquent tax list was only 500, the
actual foreclosures s97, while in Los .t Angeles
umns of the Herald. 1t contains about
twenty Thousand pieces of property and rep
resents about $250,000 of delinquent taxes.
The San Diego county list fills 1873 columns
Of delinquent taxes. San Jose,
consider one of the most beautiful
cities have ever visited. The thcr
mometer doesn't change to exceed 800 in
ha w are
30 Objectionable in San Francisco are
thoroughly mellowed after coming down the
valleys when they strike San Jose. During
The day from 10 to 12 it gets quite warm but
Il is always comfortable in the shade, and
every night during the year you can sleep
quite comfortably under pair OF blankets.
II is the county seat of Santa Clara county,
md has a poplution Of 10000 people. -Four
lines of railroad run nine trains day to and
from San Francisco, ranging in time from
pne hour and ton minutes TO TWO hours. 1,
ered the most substantial fruit valley in the
state of California. Unlike Riverside it is
not entirely dependent upon one crop, as
their fruits are Of staple character.
pssea pss A''s, cost v1saS%s ssS feSsa Tssy
fine schools and several state institutions
There is quicksilver nine about five miles
from the city employing 800 men; the citi
Money is worth 8 PEI cent per annum, ant
the market easy, whereas in Los Angeles il
Ii worth per cent n month or Is per cent {
year for three years, hrstmortgago rea
estate ut one-thrd valuation. Mount Ham
nton ia situated near there, upon the summi
Of which is located the celebrated Lick OBJ
servatory with the largest telescope in the
world. There is line of stages running Il
and from there daily. 1t is only two hours
ride by rail to Monterey, the finest seaside
resort in the state of California
Good bathing, fine beach, seventeen
mile drive and one of the finest and bes
equipped seaside hotels in the world. Th!
grounds are all laid out with beautiful tropi
cal plants blooming at all seasons Of thu
year The service at the hotel is strictl,
frstolass. San Francisco has never had
boom and property is comparatively cheap
It has population of 100000 people, and
harbor 10 accommodate the commerce o
the world-easy Of access, perfectly safe
After leaving San Francisco we went b.
vessel to Portland, struck rough weather ant
were most delightfully."- seaslck. Were oil
the ocean sixty hours. In the future w
will confine our travels strictly to land
Reached Astoria early in the morning
and had great difficulty in cross
ing the Columbia river ban
k.k a.. al n