The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913, 1896-01-13
What Must Be Done to Create
an Active Real Estate
Market.
IMPROVEMENT COMPANY SALE.
City Property and Golden Gate Ave
nue. Residences Ordered to
Be Sold.

cause of the low rate OF dividends TO de-
positors in the savings banks. That there
should be in the face of this reduced IN
come a greater num- Der of accounts
opened than closed in the savings banks
when the reverse is usually true at this
time of the year is a matter of great
surprise.
In the present age of the world the
banks are the natural custodians of money,
and unless circulating medium disappears
the bank will have the money of commu-
nifty, whether it belongs TO one person or
another, and let there be ever so much &C
tivity in real estate the amount of the
banks deposits will not be affected. If the
purchaser withdraws the seller will deposit
the same amount.
Money nominally in a savings bank is
really in active circulation, because no
bank actually keeps any more money on
hand than is necessary for safety. Money
withdrawn from a savings bank, unless
deposited in a commercial bank, goes out
OF circulation, its use being lost to the
community. Neither business men nor
non-business men bury their money in the
ground and relatively few deposit with
safe deposit companies, hence it follows
that the money must be in the banks of
one class or another. 1T is not cause for
regret, as the mission of banks Is TO en-
ploy the money under their control. Banks
OF this coast are never hoarders OF money.
Whatever is done in this way Is done by
individuals. The money deposited in a
savings bank IS put 10 a variety of uses
and not confined to real estate, as some
may suppose. Money is borrowed on real
estate security for investment in business
enterprises of different natures.
The idea that the accumulation OF money
in the banks IS a cause OF inaction in the
real estate market is not true. real
estate market is created by a demand FOR
places OF business and residences in addi-
ton to those existing, and there can be no
active market unless business revives and
expands so as TO demand extra accommo-
dations.
WHAT THIS CITY MUST DO.
Under this caption Thomas Magee in
the last issue OF his Real Estate Circular
says:
OF one thing this City may be sure: It will
have to put its shoulder 70 the wheel, invest
much more money, and exhibit much more en-
terprlse than it has hitherto done. All honor
IS due 10 it for the san joaquin Valley and
corral Hollow roads, put those roads, when
finished, viii almost at once emphasize the
need Of other collateral DEVELOPMENT projects.
Why in the name Of common sense should
Los Angeles, Portland, Tacoma and Seattle, all
small towns, greatly Surpass this City proper
uOnately IN local enterprise? The loss result
ing from vacancies and reduced rents of whole
SAFE stores, factories and warehouses in this
City during the past year alone, would,
II saved, have put at least half q dozen
productive enterprises on their feet.
Real estate generally will not improve in
rents or values until We earn the advance. In
past times, when we had no real competition
before railroads let the whole world in TO
snatch our trade away; when San Francisco
was the only city on the coast and before it
became the profit and the spiteful policy OF
the Southern Pacific 10 form all its cCmbina-
tons the l0lurV OF this CITY m oh
q lot anywhere with the certainty that, with
out effort on the owners part, it would GER
tainly increase rapidly in value. Then we
could, and did, sleep and grow rich. But now
II city grows IL must be awake-wide awake
TIgllant and be lncessant in its efforts at each
of its doOrWays 10 secure new trade and in
crease its commerce. Push, work and Wiling
ness TO spend money must take the place of
the old sleepy ways OF the past. We have no
other choice II we are TO go ahead
REVIEW OF THE WEEKS RECORDS.
There were 103 real estate loans made
last week, amounting in the aggregate to
S456, ASS. The following abstract from the
records shows the principal sums and the
security accepted:
BY the Hibernia Savings and Loan Society.
Tor one year at 81 per cent. So, 900 TO Z. NJ
Richter on property on the north line of Geary
street, 137 10 west of Jones, 81 :6xI37 IS; $4,000
10 Patrick Brady on the northeast corner of
Ellis and Broderick, 1877 :6X137 IS; $4,000 to
Patrick Lynch on property the south line
OF McAllister, 1872 IS west OF Lsrkin, 81 SKI 20;
$4,000 to Mary 7. Spence on property on the
southwest line OF First, so southeast of Howard
4OXSO, property on the north line of Golden
Gate avenue, 125 west OF Devisadero street,
46:1O12xl37:6, and property on the south line
OF sacramento, 100 east of Drumm, 81 :6x45 10;
$50 900 to Fitel Phillips on property
on the southwest corner of Ellis and
Mason, south q 10, west 1916. etc, property
on the east line OF Stockton, 1876 north of SUIT
ter, 34X137 %, and property on the north line
of Bush, 90 east Of Dupont, east so, north
@ = n 7 he HOY ord IBroe
rlan Society on property at the southwest cor
ner or Oak and Baker, 125x100; $S0OO A. H
rev 11 on proper on the south line OF O'Far-
reI l31 IS, west OF Jones 45:10x137 IS; SIO,-
$50 to William Fl. Norton on 50-vara at the
southeast corner Of Broderick and OFarrelI:
81 900 to Martha S Woodward on property et
the northwest corner of Thirtieth and Mis-
sion, north 294 IL, west 100, etc, and S27, 900
TO Jennie e., Charles II. and Jennie II. Stanvan
on property on the south line of Sacramento,
155 west OF Polk, 81 6x127 :S14, and 50-vara
at the northwest corner OF Bush and Bu-
chanau. By the German Savings and Losn
Society-S12, 900 to Samuel ". Cowles for one
year at 612 per cent, on property on the north
east line Of Eighth avenue and D street, north
122:756, east 40, etc; property OF irregular
shape on the north line OF D street, 40 ~
east OF Eighth avenue, and property
on the north line of Golden Gate
avenue, 1919 west of Pierce street
43:9X137 %; by the Germania Building and
Loan Association, 'S12 900 TO John F. Bruins
for nine years. at per cent, on the northwest
corner OF Pacific and Sansome, "a :415x67 IS;
$50 200 TO John w. Mcdonald for one wear, at
90 cent on property on the northwest corner
OF Devisadero and Eddy, 81 :6xIOO. property
on the north line of Vallejo, 125 west of Van
Ness, 25x13I %, the southeast corner of Cough
and Green, 2Sx100, property on the west line
OF Devisadero, 6S g north of Ellis "a :41%xl25,
property on the south line of Vallejo, Us east
OF Cough, 30:12x37 IS, property on the south
line OF o'Farrel, 125 west OF Devisadero, 5Ox
137 20, property on the north line of Sacra-
mento, 100 west Of Ssnsome, 16:Sx59:9, the
southeast corner OF Post and Devissdero COX
112 %, and the southwest corner OF Deyisadero
and o'Farrell, west 125, south 1877 :6, east %,
etc.
The releases recorded the past week
numbered ffty-Seven and represented
$191, 336. The following were the largest
granted:
BY Eugene Meyer, $1,000 to C. NJ. and B. NJ.
Richter, on property on the north line of
Geary street, 1877 IS west of Jones, 81 :6xI37 Is:
by Nellie Kenna, $15 900 to Mary T. and K. b
Spence. on the southwest corner of Minna and
Russ, southwest Al, south go etc; southeast
corner OF Minna and Russ, 120xS0: property
on the southeast line of Mission / 50 northeast
of Seventh, northeast 365, southeast 100. etc !:
northwest corner of Sixth and Mission
S0x90; lot on the north line of Mis-.
sion, so southwest OF Sixth, 50xS0;. property
on the south line of Sacramento 100 east of
Drumm 37:6X45;10 the northeast corner of
Davis and Commercial 5Ox51. q lot on fba