The San Francisco call., 1895-11-25
Causes Influencing the Shifting
of the City'S Business
Center.
RECORDS OF THE PAST WEEK.
Building and Loan Association Plan
Criticized by Joseph A.
Leonard.

ened by the large sales during the
present month. When rich men who
have travelled and made comparisons
of the opportunities of this with other big
cities put small fortunes into downtown
realty, in the face of existing conditions, it
certainly does not look as if person OF
moderate means should hesitate in max
ing similar investments. 1t is from such
purchases, on such a market, by such
men, that one may draw correct concIu-
sions upon San Francisco investments.
1t is significant too that most OF these
sales have been on or near Market street,
which forces one to a new realization OF
the fact that the shifting OF the business
center has been going on tor years. IN
most commercial cities OF importance Dusl-
ness has not remained where the original
proprietors designed but has been re-
moved by various causes to other localities.
San Francisco has been subject TO TINS
change, and north Grant avenue, hearny
and Montgomery streets, which were at
one time the center of the CltY's business
life, are now comparatively deserted, ana
the vicinity given over to the Chlnese, ana
to the abode of business men to whom
cheap rent is a necessary prerequisite.
There has been q constant movement to
and out Market street, which was at one
time residence section. While the last
decade has witnessed wonderful changes
IN this broad thoroughfare, the next is
destined to give it new lame the world over.
The history of the waning retail business
thoroughfares is q demonstration OF the
fact that property will not take care OF it
self, but on the contrary owners must erect
modern buildings III order to hold business.
In endeavoring to make the property yield
exorbitant rents without providing COM
pensating accomm odations they KILLED
the goose that laid the golden egg"
As soon as business began to flow to
Market street the enterprising owners on
that thoroughfare saw their opportunity,
and by the construction of modern build
ings entirely changed the character of that
thoroughfare. In the meantime costly
and modern improvements have been
made on California and Montgomery
streets, which have greatly improved
their appearance and influenced property
values, notably the Mills, Mutual Life,
San Francisco Savings Union, Pacific
Mutual and German Bank buildings.
With all the changes the rule has been
that those who have invested in San Fran
cisco real estate have made money; and
they will doubtless do so. again, the best
evidence of which is the quiet scrambi
among rich men to get hold of City
realty in good localities. This should be an
example to small investors who affect
timidity in putting their money into City
property, which will sooner or later in
crease greatly in value and pay handsome
interest on the amount invested.
TRANSCRIPT OF RECORDS.
There were ninety-one real estate loans
made last week, amounting in the aggre-
gate to 1890, ,034. The following abstract
from the records shows the principal sums
and the security accepted;
Pv tho uihernia SAVINGS and Loan Society
$4,000 TO James T. Boyd for one year at 612
per cent, on property on the northwest line OF
100, ON the undivided one-half of the property
on the southwest line OF Park avenue, $50
northeast Of City Hall avenue, 25x100, on the
undivided one-half OF the property on
cry streets. 137 :6X137 IS, and on the undivided
one-half OF the property on the northeast line
of Hyde and California streets, n :6xS0; $1S,-
600 TO Mary I. E. Redmond for one year at o12
per cent, on property at the southeast corner
OF Battery and California streets, south 1919,
east 76 :6A, south 2 2615, ETC.; $15 900 TO John
erty at the southeast corner OF Mission and Six
teenth streets, 55x95; $4,000 to Herbert n.
Tilden for one year at 612 per cent, on
property on the west line of Mason, 27:6 south
OF Ellis, 27 :6xS2 :6; and $4,000 TO Burchard II.
Schunhoff for one year at Gig per cent on prop
erty on the east line of Guerrero, 1879 south
OF Twenty-fourth, 23x110; by w. F. Goad and
A. W. Foster, trustees OF Annie A. and Hazel
G. Montgomery (minorsl, $4,000 TO II. 6. W1tz'
man for two years at ~ per cent on property
at the northeast corner of Jackson and Drumm
Streets east 72, north 40 west 20, etc.; by the
German Savings and Loan Society, $11 900 to
Gerhard and Elizabeth NJ. Muller for ono year
at per cent on property at the southeast cor
ner of Mission and Eleventh streets, 81 6X90; ;
by F. Refs, $40, 900 to the California Chinese
Free Mason Society for two years at 10 per cent
on property on the east line OF Spofford, ITO
English feet, or 12O Spanish feet south of
Washington, 1S:4x47 :siin English, or 20x52
Spanish measure; by the California Title In
NJ. Parkinson for one year at IA per
cent on property at the southwest cor
ner of Third and Hunt streets, 22x40;
property on the southeast line OF Hunt,
80 northwest of Third, 41x55; property on the
northwest line of Howard street, 100 north
east of Third, 55x20; property on the north
east liue of Third street, 20 northwest OF How
ard, northwest Is, northeast 40, northwest %,
etc, and a leasehold at 666 Howard street; by
the Mutual Savings Bank, $4,000 TO Jane Cal
laghan for one year at z per cent on property
at the southeast corner of Capp and Nineteenth
streets, 122 :6x125, and property on the west
line OF Front street, 66:8 south of California,
25x82:6; by the Hlbernia Savings and Loan
Society, $4,000 to Clancy j. and Mary E. r.
Dempster for one year at 61a per cent on prop
erty on the west line OF Glen Park avenue
in Mission block Is; by the German Savings
and Loan Society, $12, $50 TO S. Z. MeZes for
one year at per cent on property on the
south line of Broadway, 1913 :6 west of Leaven-
worth, west SIG, south. 137 Is, etc., and by the
Mutual Savings Bank, 900 TO John, James
and F. J. Treadwell for one year at z per cent,
on property at the southwest corner OF Mer-
chant and Battery streets, SO :3X87 IS.
The releases placed on record the past
week numbered forty-ive and represented
$143,28 The largest granted were the
following:
By the Home Mutual Building and Loan
Association $15 900 to Monroe Greenwood on
property at the northwest corner OF Fell and
Baker streets, 50x100; by the Hibernia Say
ings and Loan Society $1,000 to Robert Broth
erton property on the south line of Vallejo
street, 220 :6 west of Franklin, west &C. south
east to point south 106 6 east 46:l0 etc: by
the Occidental Loan Association Sl1 900 to
Joseph and Bertha Greenberg on property on
the west line of Franklin street. 103 IS south of
Broadway, 33 :95zx zx120; by the Hibernia Say
ings and Loan Society $4,000 to Viola and
Selma Goodman, by guardians Henry Good
man and Maurice Frank, the undivided two
twelfths of the property at the northwest cor
ner of Harrison and Spear streets, 275x276,
and $4,000 to Henry Oscar and Hannah
Goodman and Bertha G. Loupe, on the undi-
vided four-twelfths of the northwest corner of
Harrison and Spear streets, 275x276.
Deeds were recorded the past week to
the number OF 12S, and fifteen builders
contracts were filed representing pledged
outlay of $64, 191.
AUCTION NOTES.
Easton, Eldridge & Go. hold their regu-
lar auction tomorrow at noon. Included
in the list of property to be offered are