The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-04-11
UNP PRECEDENTED
Topeka is Certain of a Perma-
nent Building Boom.
In Fact It Is Already Under
Way.
MORE GOOD HOUSES.
Improvement Noticed in Glass
of Residences.
Dealers Say That Rental Prop
erty is Very Scarce.
MANY PERMITS ISSUED.
There Have Been 81 Since First
of the Year.
Work Has Been Commenced For
New Blocks.
Dealers Say That Rental Prop
erty is Very Scarce.
MANY PERMITS ISSUED.
There Have Been 81 Since First
of the Year.
Work Has Been Commenced For
New Blocks.

NEW DlOChSs
THAT the city of Topeka is enjoying a
phenomenal growth said Geo. M. NO
bic Of the real estate firm of George NJ
Noble & Co, to a State Journal reporter
this morning, .none can deny.
And the best part of it is" he said.
that it is a steady, healthy growth. The
city is gradually overcoming the effects
Of the panic and the business depression
of ten years ago and the effects of the
temporary boom experienced many years
ago. It is surprising to one who has
not been thoroughly in touch with the
growth of the city during the past few
years when they learn of the changes
that have taken place during the past
year. The changes and improvements of
the last year too, are only the begin
ming Of an era of prosperity that is now
sweeping over the country. The extern
sion Of the Santa Fe shops in this city
viii give an impulse to the general pros
perity of Topeka that Will be felt for the
next IS years.
THE movement of real estate between
residents of the city as well as to OUT
siders coming here is very brisk. There
Is large per cent of people buying OF
building homes now, either outright or
in the installment plan, who have hereto
are making large numbers of loans
which show that a great deal of buying
and building is going on.
The houses which are being erected
are now beginning to be of a better
quality and a great deal higher priced
than formerly. This is an indication of
growth. The man who began business
here with almost nothing is now estao-
lished in good business and has ac-
cumulated a sum of money and is now
the residences were built on an average
cost of not over $500 but as the city has
been growing this average has been in
creastng until at present the majority OF
residences are built al a cost Of from 81
900 UP. Just at present there are a num-
Der of residences, being constructed or
will be during the coming summer at a
cost Of from $4,000 to $4,000.
"A great many suburban tracts OF
from three to five acres are being taken
up by the better class of working peo-
pie. Nearly all those who are working
on salaries from 81, 200 per year and up
wards are now buying homes"
A prominent real estate man and
capitalist said that in his opinion the
next two years would see the erection II
several six or seven story Office blocks
within a few squares Of the state house
These would of course" he said, "be
entirely modern buildings and the first
floors would be occupied by store rooms
and the remainder for office rooms
1t is almost impossible to rent a store
room in the business district of the city
at this time 1t is also just as difficult
to secure q desirab residence The real
estate men who are renting residences
have very small lists Of houses this
spring and most of the largest of tire
houses for rent contain not more than
six rooms.
permits have been issued by Fire Mar
shall Wilmarth.
The building season has scarcely op-
ened and if this indication may be taken
for anything it may be said that there
will be more residences built this year
than in several years before. Contractors
and dealers all prophesy a larger per
cent Of new buildings this summer than
has been experienced for a long time.
One of the notable things that shows
which way the wind is blowing is the
fact that within the past six months the
bank clearings have increased to almost
double what they were The past few
weeks have been showing clearings to
over a million dollars per week With
this record Topeka leads all other cities
of her class
P. I. Bonebrake. Of the Central Ma
tional bank said today: 1.-THE increase
in the bank clearings should most en-
phaicalIy be looked upon as an indica-
tion OF business growth"
In this connection the following items
Of the growth Of the city both Of the
past year and in contemplation may be
of interest.
New Santa Fe shops to be built this
year at a cost Of nearly a million dol
lars
Location of the branch house of t;.e
Mccormick Reaper company on Quincy
street.
Location of the Townsend and DooIsy
X-Ray and lightning rod plant on South
Kansas avenue. Plant worth $4,000
Contemplated plant for the erection of
automobiles by the Smith concern on
Quincy street
Work has begun on the $50 900 whole
sale house for Parkhurst-Davis corI-
pany at First and Kansas avenues.
The German Catholic church nearly
completed at cost Of $4,000, at Second
and Van Buren,
The United Brethren church at
Twelfth and Quincy, completed at cost
of 1900
Part OF the z. p. church on Fillmore.
completed at cost Of $500.
First Cumberland Presbyterian church
in Potwin completed at cost Of So 500
Completion Of four story addition to
the Knights and Ladies of Security
bguilding on Seventh street at cost OF
SIS. 600.
Addition to the w A L. Thompson
wholesale hardware house on jackson
street at cost OF about $50, ,000
Proposed two story cold storage plant