The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-01-03
How Wendell Easton Views 1t.
Wendell Eastou of Easton, Eldridge 81

Co. in giving his opinion said:
From present appearances realty values in the
Sia,e OF lfOtnia VIII be very largely under the
control OF cur own people. as there is certainly
10 gleat promise Of any amount Of immigration;
BOr can we fairly expect any under the present
circumstances OF lack II cooperation on The
part Of transportation companies. While there aGe
local causes that may have their effect. stl be-
lleYe there are most important elements IA favor
OF continuance OF the stability OF prices OF land
Throughout Tile State Of California, and a nee
essay result therefrOm strengthening Of values
viii be main aimed 10 our principal centrTs aud IN
our larger Giles. An especially strong local
basis upon which am sue really values VIII be
maintained is The fact Of The immense amount Of
money accumulated in the bands of the people
We must build up our STATE on her resources.
Win iegal0 10 he ger Towns, important cen
tiers and cites OF the Stat', | am sure their
growth is Yefy largely determined by the people
themselves. who must show faitu ia their own
towns, create confidence M Others and | believe
their "kPy-uOte" Is "iOcAi improvements In
tins san Francisco Is certainly behind the STATE
and behind all tile large cities OF the Coast.
We can hardly over estimate tie value OF the
proposed eXtcusl on OF Tie important STREETS, the
WOIk Of winch Is now In prog ess, Including the
extension of Van Ness avenue through the La
connecting avenue TO the west aud 10 lie
FTesldIO An important work Is the extension
OF Howard street and also POiTefO ayenu-,
which VIII make very material change In the
values ana the general aspect OF the country 10
the south aud along the PENN uld toward the
mainland one of the most important works,
however, with reference 10 the extension OF
streets is the proposed continuation of Market
street 10 The ocean, connecting win the bOuie-
ward in the vicinity Of the old Ocean House.
With regard to local values generally during
the past year, they have been well main aiued,
although Tie great bulk Of The business was done
IN the first hall Of the year. strong advance
has been made ~ values IN The ely OF san Fran
cisco ia the las three years. being, ! believe, a
direct result of tie growth OF lie entire State,
and a natural reflex action IS caused by the
growth of other centers, which was felt IN The
metropolis last, and strongly indOrSes my
opinion that the growth OF any portion
OF The stale is felt by important CEN
tiers ana larger cities, aud l am OF the opinion
that The growth OF these important centers and
ger Towns CT the State acts Oh san Francisco.
This result came so directly toward that IL
produced Strengthening OF values for the last
few years, and, think. during the past season
reached a maximum, which has row disappeared
to an extent as owners are finding out lhat here
Is a maximum 10 be reached, and, although peO-
pie are inclined toward property, that investors
generally are shrewd, aud have care ia making
their purchases.
Tie outlook for the coming season is certainly
very encouraging; farming property will be sold
Oh lis meTlls, and values viii be based upon the
earning capacity Of he land, her in lis vacant
condition or as a result of lis improvements and
! believe be natural advantages Which California
possesses VIII be fully developed when hat mOny
exists between the city ana country, standing
shoulder to shoulder as an entire State and fully
cooperating ia any movement that means the
greatest good for the greatest number"