The morning call., 1890-11-23

have only two avenues for invest
ing, first, depositing in the savings
banks on call at low rate of interest
or to invest in real estate. The invest
ments for the masses throughout the East
ern States are more in the way of bonds and
mortgages, local securities, railroad shares
or mortgage bonds on western farms and in
those lines of securities that are very mater
tally affected by any revolutions that may
take place in The financial world, while San
Francisco seems particularly to be IN a
most independent position in this respect.
We have our own investments near home
and each depositor or landowner is wage
Garner to q greater or lesser degree and to
very great extent is the master of his own
finances.
1.-The great movement in land that took
place in Southern California during the past
five years was the direct cause of the influx
of large number of people from the East
ern seaboard, attracted in the first place by
low rate of fare to what had been to them
for many years terror incognitO on this
extreme Western shore. These new people
on arriving in California were people en-
raptured with the beautiful territory open
to them, and cOmprehended. by compari-
son with their own section of the country,
what grand field we bad for investment
based upon the earning capacity OF our land :
while our local people stood and gazed
at the people who were willing to pay and
permitted these newcomers to realize
large profits before the local people became
convinced that these people knew more
than we did concerning it. | am of the
opinion that something of this same element
is now before US with reference TO San
Francisco property, ard 1t is quite likely
that with the opening Of spring we will see
continued line of investments made by
these newcomers, important capitalists who
will understand the value Of real estate
holdings in the city Of San Francisco and
estimate on lands at their true worth. L am
inclined to the opinion that all this new ele-
meDt turning in our direction with the
strong finan cial condition of the people gen.
orally throughout the State, and in addition
to this the specially strong incli-
nation throughout the interior of
people who have accumulati0ns to
to invest in the great metropolis that we are
quite likely to see strong market for prop
erty. For the masses of people moderate
priced property, of course, is their most
natural investment. and while our inside
property will attract people who are de-
sirous of a steady income, still strong
speculative element enters in with all
classes of buyers. To some people large
piece of unoccupied property adjacent to
great city is specially very attractive. and |
am of the opinion that our vacant land
lying to the west of the city on both sides of
the park will be the property in great de-
mand early next spring, and this section
field for real estate for the next five
years, an investment which is apt to
fluctuate more or less. but will make con-
tinual and steady increase in value The
present Board of Supervisors are only too
Jealous in granting franchises and no doubt
many irregular transactions will pass
through, but several matters of direct in
terest TO property will no doubt be granted
by the board which will have direct result
on real estate. Ore important factor that
is apt TO have some effect on real-rstate
owners is the management of municipal
affairs and the great revolution that has
taken place. | am inclined TO believe that
restored confidence will ensue with
reference to our business affairs OF the
city. which will, / think, have good
effect on our people locally. We have GER
tainly at the head OF our government, In the
person of Mr.. George Sanderson, level
headed representative business man, with a
clean record and with matured experience
in business affairs, and eminently qualified
as the executive officer for the next two
years. think We may congratulate our
selves on having elected such strong line
of city officers. Without d ubt we are lead
ing on TO point when improvements will
stare US in the face and we can no longer de-
lay the issue, and it is extremely desirable
in this turning point OF our ciiy's growth
that we should have the government in the
hands of the right people"
LADY INVESTORS.
While in theoffice OF the Carnal.-FltZhugh-
Hopkins Company a few days ago, The
CALLS real estate representative noticed
that every other person who came in or
went out was a lady, and from their de-
meanor it was apparent that they had busi-
ness with some department of the office,
either in the buying or selling, or with the
cashier or book-keeper. He was led to ask
If all of these ladies were actual investors
and in reply one Of the firm stated the
following: "Yes; there are probably
more real estate investors among the