Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-08-19
REALTY AND BUILDING.
The Assessed Values of Fort Worth Will
Reach Over S22, 100000.
The Fort Worth Iron W orks to Double Ita
Capital ut once-Public Improve
ments-The Grand Hotel.

| Several good sized real estate deaf
| were made yesterday which will prObabl7
| go on record to-day. Among the sales
made were two lots on Main street anu
two lots on Houston street at good
| figures. The real estate market will
probably be somewhat quiet during the
balance of August, but in September
| promises to be very active. There Is
good inquiry even now for building sites
and large number OF residences are to
be built during the next three months.
THE GRAND HOTEL.
Mr.. Il. c. Caswel said yesterday that
there were slrong probabilities that
something definite would be done about
the grand $500 900 hotel within the UeNt
| forty-five days. The gentlemen stu
stood ready TO build the hotel when
suitable site could be obtained, anu he
| thought this could be done when num-
Der of citizens now absent bad returned.
1t is recognized by all that Fort Worth is
suffering for the lack OF a grand hotel
that will leave nothing to be desired 10
that line, but whenever this city has
made up its mind that it must have
thing it gets it, ana so it will be with the
hotel.
A SPLENDID INSTITUTION.
Many people know of the history of the
Fort Worth iron works, and how it was
founded by Oscar Lynch and three asso
oiates, whose combined capital amounted
to about 1920. The concern soon grew
to be such an important enterprise Tor
the city that a stock company with a
| capital of $50 900 was formed and fine
plant was put In. Since then the bust
ness has grown under the management
of Mr.. Lynch until it has assumed
mammoth proportions. A dividend Of
10 per cent. has been declared
annually and the stock is now worth 8
for 81. Lately work has been pouring ia
from Fort Worth and other cities
until it has been found necessary to iu-
crease the force from So to l25 men,
and even this is not sufficient TO keep up
with orders. 1t has been determined
now to increase the capital TO 500, 00J
and greatly enlarge the plant. This
will be done at once and
in short time there will
be no iron works south of St. Louis that
will equal the Fort Worth iron works
All honor is due President Lynch for the
success achieved. Such institutions as
this build up great city.
ASsEsSABLE VALUES.
The board of equalization is still hard
at work, and from what can be learned,
it is known that the assessed values
of all property in the four square
miles of Fort Worth territory will amount
TO go, 500 ZOO an increase over 1889 OF
nearly 81 200, 900. This is remarkable
increase, and shows that Fort Worth is
increasing IN wealth more rapidly than
any city in Texas, and added to
that pleasant fact is the further
knowledge that the tax rate in
Fort Worth, 81 on the 500
is the lowest tax rate of any city in
Texas. If Fort Worth property were
assessed at its true value the assessment
would reach $50, 200, 900 to $50 900 600.
THE GAZETTE has information that under
the leadership of Peter Smith the work
of public improvements will be pushed
from this time on. The alder
men have decided that the fame
house period has gone, and from this
time on brick and stone only will be
used. Alderman James Ryan, coun-
Gilman devoted TO his city and one al all
times favoring solid and substantial pub
lie improvements, said Yesterday that he
believed the next school house to be
built which will be the one in Seventh
ward would be of brick. He also said
the Sixth ward would have good brick
fire station, and that a first-class central
fire station and hall would be built. Mr..
Ryan is also warmly in favor of building
fine city hall. He thinks
the body corporate should by
its acts show the people that they have
every confidence in Fort Worth d pro-
coed at once to give this city needed pub
lie buildings. These views are shared by
a number OF other aldermen. This
course il carried out will meet the
hearty approval OF the taxpayers who
want permanent improvement sand no
other kind.
NOTES OF PROGRESS.
Capt. NJ. b. Lloyd has bought 50xI0O
feet near Thirteenth and Burnet streets,
and Will build $500 two story residence
on it in short time.
The contract for the erection of the
brewery buildings will be let this week.
Then rs to 100 more skilled mechanics
will be at work in Fort Worth.
Fine rains are reported in Oklahoma
and crops there will be good. This
means that Fort Worth wholesale mer-
chants will have q chance to extend their
trade.
Mr.. Goodson, of the telephone ex-
change, reports twelve new telephones
added to the list last month. This shows
the way business houses are increasing in
number.
The Yost stone works, soon to be es-
tablished in this city, will employ sixty
five men.
The flow of water from the superb ar
tesian well being drilled on fuckers hill
By the city increases daily.