Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1902-08-14
REAL ESTATE WAY UP
But not too High to Prove
Good Investment.
Hon. GeOrge G. Sturgiss Talks on
Prices Being Obtained for Real Es-
tate Morgant0Wn has no "Artifi.
cial Boom" but Permanent, Steady
Growth.

The New DOMINION has some
thing to say almost every day in re
gard to the unriyalled resources of
Morgantown, which are resulting in
steady, permanent growth, the
effect of which will put the town in
a few years among the first if not
make it the first town of this won
derfully rich valley.
The fact of these resources becom
ing known has already caused the
town to treble its size in very few
/ years and this without "hoard of
trade" "a chamber of commerce. or
any other regularly osg&nized body
to push the claims of the town to
the front.
Other towns in the valley have
enjoyed to a more or less extent. this
same prosperity but none have en-
joyed it to so great an extent or with
so little an effort as Morgantown.
Fairmont and Clarksburg have
regularly organized bodies whose
| sole aim is to attract manufacturers
to those towns. Advertisements OF
different natures and pamphlets have
been showered on the concerns that
were on the lookout tor new loca-
tions. Special illustrated editions
of two of Fairmont's leading news
| papers have been mailed to every
address that could be obtained, with
in the last few years. Clarksburg
Is now getting out special edi
ton" of the same nature.
While Morgantown has enjoyed
remarkable growth without resort
ing to these methods it does not
prove that such movements are un-
necessary. In fact, had the town
organized board of trade three or
four years ago, it is more than likely
that the growth would have been
still more rapid than it has been.
The fact is that the ordinary means
of advertising the advantages of the
town have been sadly neglected and
Morgantown people have been lit
tie slow in many respects in pro
noting the growth of the city.
While this is true Morgantown
has many enterprising citizens who
have devoted both time and money
to booming the town and to these
good citizens all credit is due. These
men have taken every occasion to
mention the wonderful resources of
fered here and the growth of the
town has forced it to the front In
| fact Morgantown has crowded itself
before the investor and capitalist to
such an extent that they are coming
from every direction to investigate
the resources of which the town is
fortunate in possessing many.
This steady growth widely differs
from an artificial BOOM aud results
in gradual increase in the value of
property, 1t has not been a growth
which has enhanced the value Of
property temporarily, by which the
buyer took "chance" of getting his
money out again.
In every town there are a few
"croakers Morgantown is not en-
tirely free from them. These men
stand on the street corner and pro
claim their clears" that real estate
prices are going too high and that they
'wont hold up
When the old bank corner was sold
for $4,000 these same "fears" were ex-
pressed, Now the property is worth
three times that amount at least.
There are dozen other instances of
the same nature; indeed hardly case
can be recalled where the .tcfoaker''
did hit it. The fact is that prices
are gradually climbing higher and
higher as the city grows until one is
sometimes led to feel that it is impos-
sible to pay too high price for well
located property
The best business men of the town
concur with the New DOMINION in
regard to prices. Hon. George c.
Sturgiss for instance, who has great
deal of money invested in real estate
in Morgantown and its suburbs, and
who is interested 10 many of the en-
terpriseS that are helping To build no
the city, when questioned made the
following statement:
line business property IN the Ihird
ward is not too high when all the con-
ditionS are considered. Deeker's
creek and the river SO surround that
part of the town that it is NJ mar
row peninsula, and, while tire bridges
built and contemplated will open up
attractive suburbs we'll adtplld 70
residence purposes, they cauua add
to the area which will always te he
business part OF the city. Business
houses will encroach more and more
upon the residences of this central
section, and ultimately drive them TO
the suburbs, or farther away from
noise and hustle and the high priced
lois of that part of the city. Cheaper
lots easily accessible by bridges and
the trolley lines, will maks more at
tractive homes, and can be bought at
very reasonable prices. Nc city In
the state offers more residence lots in
such variety, and so easily reached
and at such low prices as Morgan
town."
Mr.. Sturgiss wasslthen asked as
to Morgantown's future.
"The future of the city is assured, /"
he said. ''The enterprise and ener
gy displayed by those in charge of
our industrial interests. the spien
did resources OF the river and Deck