The daily sentinel., 1899-09-23
$69,55S
Payable in 1905 and 1908.

$69,55S
Payable in 1905 and 1908.
assessment of the city is $619,OUU, with
u tax levy of 70 mills. The city debt
is $2U,UUU for outstanding warrants,
and S65,0OO incurred in building
water plant, bearing u per cent. inter-
est and payable in fifteen years. 1t
will be seen that both the county and
city are financially in good shape, with
assets and revenues sufficiently large
10 promptly meet the obligations as
they tall due.
The city is situated In an extensive
und fertile valley at the junction of the
Grand and Gunnison rivers, at an al
utude of 4,5OO feet above sea level, and
las the advantage of five railways. 1t
425 miles west of Denver. The city
is somewhat scattered in the residen-
tial portions, but the business part is
as compactly built as almost any 9th
er town of its size in the state. The
streets are wide and level, and gener-
ally well shaded. Many charming
homes. There are two daily and four
weekly newspapers, nine church edi-
ices, TWO large school buildings, two
banks with about $350,00O deposits,
one electric light and water plant, two
hospitals, four lumber yards, one flour
and two planning mills, street railway,
one packing house, three hotels, one
town hall, one opera house, one public
library, the Teller Institute, and beet
sugar factory, the estimated cost Of
which is $4500OO. This plant will be
completed the LIST of October next. and
will surpass in cost and equipment
anything of the kind in the West. This
means much to Grand Junction, be-
cause it is Il prophetic beginning Of the
establishment Of other enterprises; 1t
means much to the farmer, for 1000
men will be required in the beet fields,
and all the beets that are annually
grown on 1000 acres will be consumed
and at good price; it means much to
the wage Garner, for the services of
more than 100 men will be required at
the factory. The business men say
that trade for this time of the year is
fairly good. The bankers say that de-
posits are steadily on the increase, and
that interest on large sums of money
is scaling down. A few buildings are
going up in both the business and res
idential portions of the city. The busi-
ness houses are all occupied, and the
desirable residences are all full; and
at least fifty three and four-room cot
tages could be let at once and at a
fair rental.
The social, educational and religious
advantages are good. The climate and
health are good. Some Of the sum-
mer days may be warm, but the nights
are generally comfortable. The win
ters are mild, usually, permitting of
outdoor labor. The town needs a ho-
tel Those that are here are as good
as are generally found in places of its
size. But a plucky, pushing, growing
city, which is already known as a rail
road center, and as the gateway to
Utah and the Pacific slope, should
have splendid hotel, the fame of
which should be commensurate with
the fame of the city.
Considering it's geographical posi-
ton, its distance from other important
commercial centers, the unsurpassed
advantages of the surrounding coun-
try as fruit, agricultural and stock
raising region, and the genial climate,
we know of no more inviting field for
the capitalist than Grand Junction. 1t
may require little patience to await
future developments, but that these
developments will occur, there can be
no question of a doubt.
We have produced here only such
facts and figures as are verified and
borne out by the record. Other state
ments are simply the impressions of
the writer, who has, However, by pa
tient and diligent inquiry and person
al observation satisfied himself that
they are true.