Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1891-12-19
FORTUNES IN CHICAGO LAND.
Astonis hing Rise In Value of Property 4
the Windy city.

Without taking into account the an
nexation of outlying districts the city
has fairly jumped with leaps and
bounds" Like all rapidly growing
cities. its people are fond of pointing
out the humble beginnings of its sturdy
pioneers who started the pace Ia the
bewildering strides for business
supremacy. How Potter Palmer sold
calico prints" at 20 cents which were
bought just previous to the war at 8 1-2
cents. and thereby "hived" SIS. 0O0,-
600; how Marshall Field knew when to
take occasion by the hand" and
reaped thereby profits which would
make A. Il. Stewart green with envy;
how Letter. his Hebrew partner. came
to select twenty -four OF the best busi-
ness corners in Chicago are scraps OF
history ,.dwelt on with pardonable
pride. The history of these men is
tho history OF Chicago. Pluck aud
foresight tell the story.
This great city is not stopping to
stone the prophets OF disaster. but has
gone right ahead and its enterprising
burghers have laid out enough "sites"
outside the corporate limits TO accom-
modate two or three municipal en-
pres the size OF London. The city il
growing perpendicularly as we'll rs
horizontally. Imagine a city with an
area twelve times as large AS New
York so congested that eighteen and
nineteen story buildings have become q
necessity.
The Tacoma Building. thirteen
stories high. has 2 400 tenants. The
Chamber Of Commerce. same number
of stories, has about three thousand
tenants. Double these for callers and
you have G,000 souls per hour empty
ing on sidewalk space of 100 feet or
so. There are more tenants in these
few feet than in five blocks in New
York or fifty in Pittsburg. Land is so
high priced that "sky-scrapers" seem
TO he necessity. You can buy some
of the choicest parts of Broadway,
New York, for Sc 600 foot. aud 81 600
foot will buy the Splane Post-office
corner probably the most valuable
angle in Pittsburg and yet YOU can
not get choice Of Dearborn street
frontage south OF the river here for
IS. 600 foot. which only ten years ago
sold for 800 foot front. Chicago
has doubled in population every ten
years since the first census in 1854.
and why should not values jump also?
Within live years land around Calumet
Lake, Thirty-third Ward. fourteen
miles out. has increased in value ten
tines! On the other hand there are
parts of the Thirteenth Ward that
have not increased 81 in value in ten
years. j. Il. Walsh. the newspaper
capitalist. made 81. 800, 600 last year in
real estate here. and j. X. Tradc. tho
lawyer cleared 81 800. 600 in three
years in dirt" Mike Mcdonald can
count Isl pieces of rent-producing
property which pays better than any
game ever played by the outcasts OF
Poker Flat While was here
Henry w. Snyder sold the northeast
corner Of Michigan and Eda street for
$8S 900. he bought 1t just one week be-
fore for $7S. GOO. The ground on
which the Mallcrs building stands was
bought from John v. Farwell two
years ago for $3i6. 900. It's rental
now pays per cent on 100000. The
front foot value Is now 5000 per foot.
One year ago plenty of it could have
been bought for $1,000. The Oak Hill
addition to Hammond was sold re-
Gently to an Iowa syndicate for $780,
600. NJ. nj. Fowler purchased the
same property about one year ago for
07O, 600. = Chicago Cor. httsburg Dig.
patch.