The Sunday herald and weekly national intelligencer., 1891-05-03
A NEW FIRM.
Messrs. Spear & Videtto Open Well
EQUIPPED Real Estate Office.

Messrs. Spear & videtto Open a Well
EQUIPPED Real Estate Office.
Messrs. Spear q videtto 610 street north
west, have opened one of the best equipped
real estate offices in Washington. Talking
with HERALD "eporter, Mr.. Videtto said that.
he was Of the opinion that although Wash ,
ington was well supplied with real estate
brokers, there seemed, with the necessary
push, plenty of room for their new firm.
Washington had merits and trade forces Of
vast intrinsic value, exceptional to that of any
city in this country. AS the seat of Govern
ment OF this great Republic, as political
centre, as natural destined educational
centre, and charming spot for resident
houses-such are the resources Of Washington
and the direct causes of the wonderful ad-
vance made in all channels of trade and
realty. Such causes for advancement are
materially different from those of our cities of
commerce and manufacturing enterprises.
The laws of trade that reverse the channels of
commerce In our commercial cities have no
effect on the resources and volume OF trade
and rising values In realty In Washington.
Real estate is high, as result of speculation
to great extent, but the home-seeker may
do as well to invest now as he ever expects to-.
1t is becoming popular among our citizens of
moderate means to own little home, and the
desire is rapidly being put into force, as will
be seen by the building OF hundreds of
medium-sized houses In the city, nearly all
being occupied as soon as completed. We
shall make this class of property specially.
Our list of property for sale is varied. both In
the city and suburbs.
sour trade, however, is not limited to Wash
ington. We have an Office full of business in
that great trade centre, Duluth, Minn., Nos.
100 and ITO Chamber of Commerce, over
which Mr.. l.. w. Spear presides, and who en-
joys wide acquaintance and extensive bust
ness in those twin cities, Duluth-Superior.
We have an extensive list Of property there
under our contract, and have Invested large
sums OF money for Eastern people seeking
safe and profitable Investments We have for
sale 100000 Of z and 8 per cent. mortgages
based on 40 per cent. valuation on improved
and unimproyed city property. These mort
cages run one and two years, interest payable
semi-annually, and are secured by first-class
property, certified titles, and reliable tndors-
ers. The marvellous progress made by the
twin city, Duluth Superior, owes its present
activity and prominence to that geographical
fact, than which there Is no greater on the
continent, that they are the last possible great
marine city in the interior of North America.
The map of the United States itself showed
long ago that as soon as the Northwestern
prairies were titled and the rich iron mines of
the Vermillion range opened, the millions OF
acres of virgin forests leveled, their surplus
products would seek the markets of the world
by the great water route of the Great Lakes
The same laws of trade that created Chicago
at the head of Lake Michigan are creating
these new cities, Duluth and Superior, at the
headwaters of Lake Superior In 1889, ac-
cording to Gen. Poe's report, the.relative cost
of transportation on rail and water stood in
proportion as 1873 is to 81 in favor of water
"Over $1O2, 600, 900 value of commerce passed
the gates of the 500 Canal, the outlet of Lake
Superior, in 1891, greater amount by mil
| canal, the Suez. These items go to make up
| the elements of a commercial city, in the same
| OF which Duluth and Superior are rich. We
solicit a share of the public's patronage, and
| promise In return careful consideration OF the
interests of our clients and prompt transaction
of business"