The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1901-10-16
Hoods CGrSa0Qriil0

can be built and rented more reasonably
/ than cottage OF equal coaveniences.
I -Four fats OF six rooms each can be built
/ on thirty feet Of ground or practically
on as much ground as would be required
4 for ore six room cottage. The economy
+ Of valuable ground IS something that
must soon challenge the attention Of
+ Wichita property holders and believe the
( day is not far distant when few people
VIII have more than one residence lot.
. A wide frontage is a nice thing, bur il IS
a burden, especially when public improve
meuts such as paving IS done"
3Ir Robertson was asked why. with the
present demand for houses. the Wichita
people who have 50 much money IN the
banks are not pulling Up residence build
ings for investment.
He IS inclined TO think that the big
permanent deposits in the Wichita banks
do not belong 10 Wichita people. He
thinks they belong 70 the farmers. He
SAYS that nearly everybody who has lived
IN Wiehita for soE,e time own their own
houses and are paying for them. They
got the houses when they were cheap and
are improving them. Ne also called at
tention % the fact that a great many OF
the employees Of wholesale houses are
investing their savings in the stock Of the
company they are working Tor Every
man working for Charles E Potts are
continually planting their money in the
stock Of the Potts Drug company. The
same system IS n vogue IN the HOckadsy
wholesale hardware company and in other
firms. The men who work with these
firms know the value Of their stock and
they also are more sure OF steady en- I
ployment with the firms when they are
thus identified with them.
Dean Gordan says that residence prop /
erty is now the best investment q man I
can make. Money thus placed can earn /
from twelve 10 twenty per cent net He /
thinks that money invested IN neat six 4
room c0ttag es IS capable OF safely earn /
ing fifteen per cent. He sold property 70 /
one man some time ago for $500 that is I
earning $500 per year This property +
consists Of several small houses, the 4
most costly one being bought for S6o0
The building and loan association is do I
ing an immense business, but this does .
rot relieve the demand for houses appre- Z
ciably The buildings for which the as
s0ciati0n furnishes money are not renta-
bic property They are for private use
and can only relieve the demand BY those .
who are building their own houses vacat-
ing houses they have lived II as renters.
The accommodation Of people who are
coming In and seeking houses IS q prob
len that must be solved
The real estate market is IN prime con-
dition. The pulse Of values never beat
more uniformly and certain The price
OF property has Increased about 200 per
cent in two years. but the best posted
real estate men say that values have uos
begun TO increase yet. The Indications
are that within six months the present
value Of the average piece Of property viii
increase from 3 10 100 per cent The
values in Wichita are lower on the av-
erage than in any Of the big cities OF the
state. while the prospects Of Wichita are
becoming a great city are ten times great
er than any ether city IN the state.
The business property zone in Wichita
is expanding The property On side
streets from Douglas avenue and Main
Is steadily increasing In demand and val
ne Main street from Douglas avenue
south two blocks has become an estab-
Ished business street and so has Market
from Douglas avenue 70 Williams street
There is feeling and Il cannot be sup
pressed that Williams street from the city
building To the santa Fe depot wiz he
made business street during the next
FIVE years X wiz be one o. the first
phases Of Wichita greater development
The real result OF this feeling is that
property On William street without regard
TO location. is increasing fl value and
81 -f-lr-
owners there.
With ali wichita splendid suguries for
the future The fact Is important that The
people have never been better united.
There ism Q q sign az Giscord. Al The pao-
pie are willing % make everything SUI
borLlrate q their ambition 70 make
All the people honestly feel thac they
VIII accomplish their ambition. There
are TO factions They are working under
a system az progression that IS under
stood and satisfactory 20 all They are
,aaEusS together fcE a greater wichita
And the outside weird seems 90 be Iaae-
led with them. Two railroads were never
81 friendly 90 the citE CT we-s never more
fair immense interests are making ar
rarrsue-ts u ce-ter here. Tire men
who have The greatest fsith IN the uIti-
uata success ~ the city are men who
can help III accomplishing its destiny.
TIE ren At the head of the railroads that
are row il wichita as was SIS The oaes
thar are coming are most enthusiastic
boomers ~ the town s. are the men
who are GO the head OF the packirE hors-
IS ard ether large interests. The whels-
sale houses ere doing a vcluue ~ husi-
-ess be-or5 rhsfr dreams The business
men everywhere II the southwest have e
=---ed ou- thac wichita is destined q
BE- their big market ana commercial cen
.er
CASE WAS CONTINUED
Peter s.aree, sens 10 3. Perfectly {