The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-05-31
The populatiou Of ca.tle in April. lspo. wns

The population Of Castle In April, 1850. WINS
an. Now fully 1900 people are gathered
within tho limits Of the town, while tho
tributary population IL fully 2,600. The
latter is scuttered through the Rulch in
Hobinsdn and Smiths camp and among tho
surrounding hills. Castle, however, ~ the
central point ana the trading center. When
tho .railrond reaches the town 1t Ia predicted
with good reason that the town will fairly
jump.
There IN not n building In tho Town for
rent and all now rented pay handsome re-
turns for tho investment.
heal estate dealers md mining
brokers are crowded into single room
Offices, while the incoming merchants
to open business. Tho work of building ~
gong ahead ns fast AZ possible. Fifty
buildings erected this spring were rented
before the foundations were laid, and rents
pav. from 10 to 60 per cent on Investments .
IAN street is assuming tho appearance OF n
Drihk business t~hOronghfale. The log
buildings constructed in tho early days OF
the camp, though the present is early, are
BONG replaced by handsome brick and
stone buildings. One OF the latest and
best II tho fine new Hensley d Khoads
building, constructed by two of the wealth
iest and most public spirited citizens of
Caatle. Other citizens are investing their
money IN the town where they have fonnd
fortunes and have decided TO live. Last
year q Boston capitalist erected a bnilding
which cost $500. lie drew an income of
40 per cent from the building and this year
VIII construct two brick buildings. This
work can be done At . very reasonable cost
a. there ia a good brick yard in the
city. A new three story brick business
block will DO erecsed this year on the ad-
joining lot. Other buildings are now under
contemplation and the close of the season
WIN see a very marked change in the bust
ness streets of Castle. Many Of tho build
ings are cheap and were hur riedly con
structed. in order to supply the fast ~increas-
ing needs. One good sign of faith in the
future is the change from this class to more
permanent structures of brick and stone.
The rise in tho values of Castle real es-
tate has been wonderful during the past
year. This ia no fictitious booming, be-
cause the resources are there, though they
have never been properly advertised to the
public. When sound %hnanciers and bust
ness men like e1-Gov. Hauser. President
Edgerton, OF the Second National bank of
Helena; Fl. M. Parchen. the we'll known
and others invest in Castle real estate they
are quite sure of sound resources behind,
for Castle is in no sense a boom town. She
is built OF a solid foundation of vast de-
posits of carbonate ore, which mean untold
wealth to her population.
Here is q lot on Main street which sold
a year ago for $625 and could not be pur-
chased for 5000 now. Another instance
OF the rise in values is a lot on the corner of
Main and Castle streets. One year ago it
sold for $3.50. Last September it was again
sold for $1,75O and now is valued at $3, GOO.
Property on Main street valued at $500 a
year ago is now placed at $4,000. Properties
all over the town have increased in like
measure.
The only addition now plated is the
King, a beautiful piece of ground off Main
probable that the railway depot on the L:v-
ingston line will be located in this neigh
borhood. Among the investors in this real
estate are nan of the leading stage artists
like Frederick Warde, Lolita. Corinne,
Frank Daniels and others who in travelling
about through western towns find no more
promising field for investment than Castle,