The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-01-11
WOULD NOT SELL
Offer of $4,000 for Noble
Block Is Declined.
Is OWNED IN ILLINOIS
What the WiChitanS ACCredit
the Rise in Values to.

One Of the biggest sales on tapis in
Wichita for years failed yesterday be-
cause the owner Of the building desired
would not accept the big sum offered.
Those who knew about the offer have
been watching for the result with in
terest and were Jared by the easy man
ner in which the owner who received the
offer declined it.
The oher was made on the Noble
block, corner Of Douglas and Topeka
avenues. and the price offered was
$4,000 4 gentleman who has not figured
much in the real estate deld put that
offer IN the hands Of George X. Spencer.
and asked him 10 secure the building
1T is owned by Mrs. r. C. Noble of Ur-
bana, Illinois. and she answered yester-
uay by return mail. "The building is not
for sale for SIS 000."
The handlers Of realty are figuring
very closely on the future just at pres
ent with the basis for their judgment on
the experience Of the past year in Wich-
sta in rise Of values All conclusions
they come upon are based upon the con-
didon and position of Wichita at the
present time. When Wichita, because OF
a superior location, ia 1855 mounted to
the chief place I'm this section, she had
around her the population of southern
Kansas, possibly 100000, and that was by
no means all the territory then tributary
TO Wichita. Today there is added TO this
Oklahoma. with her half million. 50 that
Wichita has about her today nearly one
million people Wichita, fourteen years
ago O. prospective center. is now an act
ual and proved one. She stands in a
territory as rich as it ever was and Of
twice its former population. and without
q rival For four years the population Of
Wichita has not only been growing, but
the rate of increase has become higher
day by day. So severe had been the
Drostraton Of values that long after the
city showed every evidence Of proving
itself anew the metropolis OF the south
west values were sluggish. and there was
one time when one citizen, y. r. Mead,
was almost the sole buyer on the mar
ket and the bargains he secured are
things Of local marvel today.
That is one. and the basic. reason as
signed for WIchita's splendid showing at
this date, this process of showing to
the Missouuans" that Wichita was what
had always been claimed for her-the
center Of the southwest
Among the best investments in the
world today are rentals IN Wichita East
eru money which is clamoring at every
agent in Wichita to place it at per cent,
loanable at that. is learning that the
MORTGAGE business has passed. that that
era is closed, and that another. Offering
investments in other channels i'm the
west. greater revenues. has opened.
1r. Stewart. OF Stewart q Burns. said
yesterday: "The loan business here is
practically gone When YOU think that
government bonds yielding per cent are
selling at a premium of 105, you can ar
rive at some idea Of the amount Of
money I'm the land, and why it is seeking
other than the revenue OF loans. There
VIII come in Wichita an era az con-
euuctlon of business blocks soon, fol-
lowing the building of our big wholesale
and implement blocks"
While attention has been mostly dir
s-cted TO the sales OF the large and
prominent properties I'm the downtown
district. for the last six months people
with foresight have been picking I'D land
I'm the residence portions of the city lit
tie mention of which has been made.
For instance take the old Peel Syndicate
land property. now owned by Messrs.
Stride and Touch New York City. ana
controlled by George k Spencer OF this