El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-11-03
Will Mark the Most Pros
porous Year in the His
tory of Ell Paso.
VERY ACTIVE ENTERPRISE
Is Everywhere Manifest and it Has
All Been of Immense Advantage
to the Laborers and Mechanics
A Great Evil With Property
Holders Which Hurts the Citys'
Advancement.

At no time in Ell Psso history has
she made such enormous strides in the
matter of building as during the
past year, and never before has the
city seer such prosperous days as
those of the closing year of the present
century.
Active enterprise is everywhere
manifest. In the central portion of
the city the building improvements are
particularly noticeable. Old land
marks are giving way to new aud
substantial baildings for business pur-
poses. In the outlying portions of the
city, in whatever direction one may
look, the clear signs of prosperity
are evident.
Handsome and commodious resi-
dences are being built and the mater
ials that are being put into these
buildings are of the most costly and
durable character. The styles of ar
chitecture of these new buildings show
that the march of improvement has
cometo stay. The city will be very beau
tfful to look at from the outside, if it is
maintained during the next ten years.
Naturally all this activity has been
and is of immense advantage to the
laborers and mechanics of the whole
district. Steady employment is now
the rule among all classes OF mechanics
and mechanical laborers, which means
general prosperity and comfort for the
families of these classes.
The only draw back in the way of
buildings which detracts from the
beauty of the city is the number of
small shacks which permits are grant
ed for, and which are allowed to creep
in on the principal streets. It is
glaring fault of the city council In
allowing buildings of the kind. to be
erected.
And it is the impression among a i
great many citizens and number of
prominent real estate men that too
many rooming houses are being built.
them now, with the advent
Of the new year that demand |
will have been suspended. More at
IGNITION should be given to the building |
IF business houses, when there is such |
1ecided demand for them. If during |
he next five years business houses
we're erected with the same degree of
chants and new enterprises which are
lsily started up, would be well provid
ID for. And then there is no Hkeli-
hood of there being an OverproductiOn
If residences, for as soon as new houses
ire erected, there is a call for them.
Large desirable stores and rooms
IAN be gotten now at reasonable fig
Ire, OUT WQdt QurCS GQ0 prospects OF
he town more than anything else is
he amount asked by property holders
or uEimproved ground. For instance,
/ valuable piece of property 25xl2O it,
ID Ell Paso street, improved by large
tore building, can be rented for $3.50
DER month. Now. property owners
With holdings in San Antonio street,
rom the court house down to Stanton
treet, realize $40 per month from
ma tract of land not over 20x20 it,,
md the person renting the property
rects his own shack. In this way 25
,er cent is realized in the in
'estment, and as long as
UGH large revenue can be derived
rom the property they will not i'm
rove it by the erection of large mod
I'm store building. AS long as they
,et these prices they will not
'uild, q discourging condition what
5 it's for the man who owns an ad
dining piece of property and who
sishes to erect new building and
ind competition is too keen.
'urther more they seem satis-
ed to rent their places
t high price of rental, running the
hauces from month to month, rather
han to take long term lease at a low
r rental.
But with a real estate association all
f these things could be adjusted, and
ntil then the same condition of affairs