The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-12-29
CITY OF ANACONDA
Amazing Rapid Increase in the Value
Of Real Estate.
NO FICTITIOUS BOOM HERE
Progress Has Been Sure and Swift
Some remarkable Instances or
How Lots Have Gone Up With
In a Very Short Time.

1883. What was then a Tahch VI e
certain productive properties Is now
the most thriving and enterprising city
in the state of Montana. The narrow
valley of Warm Springs creek, then Oh
small intrinsic worth, now rustles
through the city of Anaconda, with It's
property value of many millions OF ooi-
lars 1t is but a decade from the set
tiers cabin to the substantial plies Vi
brick, stone and iron.
In the summer of 1888 William l..
Hoge stood in the grass up 10 MS Waist
and sold lots to the first adventurous
purchasers. and he will doubtless tel
YOU to-day that he took their money,
at the rate of from s75 to $500 per lot,
with some misgivings. The projectors
of the town were men of broad busl-
ness views and keen insight, with faith
in the future of Montana, and conn
dence in the truism that other Things
being equal, men build towns.
The narrow mountain stream OF ex-
cellently pure water which threads It's
way down the valley alone recommend
ed the location so soon to become the
reduction point for one Of the largest
commercial and industrial corporations
in the United States, an enduring mon
ument to the energy and sagacity OF
its chief promoter.
That Anaconda has passed beyond
the experimental stage of her develop
ment and progress is strongly evidenc-
of this issue. The question of her per-
manence and stability Is no longer de-
batable. Her future is assured beyond
peradventure. The preceding state
ments will find ready echo in the minds
of all who stop to give the subject an
intelligent consideration. and the prop
osition that real estate forms the ulti-
mate basis of all property values COM
pels an equally ready assent from all
who have profited by the experience or
-. w.~4sw
pay TO invest in real estate? The an
swer depends upon where and when
you buy. "A pound OF mans flesh
taken from a man, Is not so estimable,
valuable neither, as flesh or muttons,
beeves or goats" Your real estate pur-
chases must be accompanied by the
conditions and surroundings which
transmit the energy of men into prop
erty value. Buy when times are inn
proving. Buy on an upward market,
while prices are low and when all legit-
innate improvements yield a handsome
return in rentals. Does Anaconda meet
these conditions? What is the expe-
rience of your neighbors who have put
their savings and capital into real es-
tate?
Lots and s in block 25. now occupied
by the Montana Dressed Meat compa-
ny, were sold in 1883 for $1,000. Ask
the Meat company what they paid for
those lots in 1896. The lots occupied by
the new banking house OF Hoge, DAILY
Co. were sold In 1859 at a price which
gave the purchaser handsome return
on his investment when purchased by
Hoge, DAILY & Co. in 1895 for $4,000. In
1888 the ground occupied by the Shields
block sold for 81 900, and Mr.. Shields
paid $4,000 for the same ground in the
spring of 1895. The six lots on which
the Commercial hotel stands were sold
by the Townsite company in 1885 Tor
81, 600, and are to-day easily worth $751;
900 or $4,000. The site of the new city
hall cost the city $500. The same lots
were sold by the company In 1888 and
1884 for 1925.
Lot 8 in block 81, at the corner OF
Sixth and Locust streets. was sold In
September, 1894, by the company for
$500, and was recently conveyed Tor
s1.150. A lot at the corner of Park av-
enue and Alder street sold in 1888 for
500. and was recently purchased by
conservative business men for $500
Lots / and ., block ia, at the corner OF
Main and Seventh streets. sold in lSS!
for $500. Lot sold in the fall of 1885,
for $1,000 You can buy lot now fol
s1,4o0. But, why multiply instances OF
this kind? Find a man who ever lost
money on real estate in Anaconda, and
we will demonstrate that he has MOI
lived up to his opportunities.
The Industrial pay rolls are constant
ly increasing; there Is not a vacant
mouse OF Store room IN lOWns one nun
dred additional houses would find i'm
mediate tenants at profitable rental
and the resident people of Anaconda
own the entire property of the city
There are no evictions for non-paymen
of rent; no mortgages are being fore
closed, and the ratio OF those who owl
their own homes is larger here than II
any similarly situated city in the coun
try. our people are not borrowers, ant
the amount of socalled Eastern none.
loaned on real estate is not sufficient L
pay the annual taxes.
For the outside investor Anaconda
a virgin field. Prices are lower thal
those of any other city in the Yves
with equal prospects The area o
available building ground within
reasonable distance of the bushes
center is limited, and values must ma
terially advance.
To meet the demands OF our own pee
pie. the Townsite company found
necessary to plat and place on sale a
addition TO the city. and this durin
the period of hard times following upo
the heels of the panic which was rea
lied here only through communicate
with other parts of the country. TT
profits accruing through the increasin
values in real estate have been mao
by purchases from the company, who,
policy has been to sell at prices whiC
give the purchaser a share in the gel
eral increase and prosperity.
Its terms enable the small investor
increase his savings and the laborir
man to secure a home without sacrifii
or embarrassment.
Not a single lot has ever reverted
the company during its twelve years
active business.
During the past ninety days the cor
pany has sold one hundred and twent
i've lots for actual improvements
record unequalled by all other towns
Montana combined.
The ONCE OF the company has recen
" been removed TO the new bal
building, where maps. prices and ge
eral information TO investors will
cheerfully furnished
Strangers are cordially invited
make headquarters with the compai
during their stay in town. and eve
EFFORT will be made TO make them I