The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1892-01-03

II. II. BOyee, President Of the San Fran
cisco Real Estate Exchange aud member Of
the firm OF BOvee, Toy IL Co., speaking of
tie situation said:
l see no reason Why we should not look for
ward o a healthy and quiet advance 10 real
estate ID tie coming year Money certainly is
very abundant ana constantly aCcuDuidtlng,
see no new avenues opening for tbs Use OF IL.
HE present apathy iH general affairs throughout
the State seems uHdccUuutdble. The prevailing
impression that real estate Is held too high 10
THIS ely Is, ] think, erroneous Most people
uraw theli conclusions solely upon values pre-
ValliBg 4 lew years V3ck, when 1t was nUtOTl-
UUs.y known that the relative values OF real
e-tlte was very low. The people gradually real
lZing IEat tact commenced 10 invest, aud tor the
pasl lew years real estate has Certainly very ma
IeTialiy advanced, bUt looking ahead d few years,
Il ibis city Is 10 be what is predicted by men of
large affairs, and whe are qualified 10 Judge one
o. lie prominent cities Of lie world there IS left
vel a large margin for advancement.
1t is Well known That few years ago outside
lands. is hey call those around the park, mad
little of 20 FdlAe, ana were Ye'y cAneuit TO dis.
pose OF at most any lTice, but gradually they
Lave apprecIa ed by The purchase Of The more
SPACIOUS OF our citizens, and lie prices now OBJ
famed compared with the comparatively value
less lisl Of tie past few years looks ike a boom
IN HAT property, but such IS not really the case.
Looking Into lie future ten, fifteen or twenty
years The lEices at which that class OF property
Is now held Is very low; there beng but TWO
WAYS that This ely can extend west and soullO,
and,whrn its population Is doubled, these OUT
SIDE lots VIII he regarded as quite conveniently
near The center. aud viii appreciate many hun
q ed per cent SO much for outside lands.
NOW as 10 our inside business property there
are several reasons why this class OF property
has been 10 Ger ain extent doomed up IN price,
and l see DO reason for any favorable advance
uOi DO ! appTehend any depreciation in values.
Inc outlook for general business, l Think is
Qune favorable. / OON for much good from the
Q gauiZati0n OF tie Traffic Association. Our
merchants and business men are now moving on
% Tie right line, aud have fallen in with the spirit
OF the tim {, which Is Capitalization and cOmbi-
nation OF capital and efforts Had our capitalists
and business men eyinced the ordinary sa-
PaciIy That one might expect from them,
this movement should lave been carried out
years ago, but IL Is yet too late 10 redeem The
Iostptestlge aud advantages OF tie city. The
mel Giants now IN this movement seem 10 be In
earnest, aud if persistent viii largely tend TO
relieve themselves Of That fearful incubus that is
weighing them down. Ii viii be a hard, uphill
IghT, and a somewhat pfoUFacted one, but If
pursued 10 the right manner must win in the
end. There is an Old saying that you must fight
the devil with ire, and ii does seem thatwe have
tie devil 10 fight.
To be brief, my belief in general prosperity
for tie next year. and in fact several years TO
cOufe- Is based upon The conviction that we VIII
lave one or more competing tfanscOntiDental
RAILROADS. The moral certainty Of the compile.
ton II the Nicaragua Canal In The near future,
tlr accumulation OF money from the net earn
ings OF the people, etc., must necessarily make
Us prosperous people.