The Birmingham age-herald., 1906-12-09


 Systematic Expenditure in the
 Reconstruction of Existing
 Plants and Plan for the Work
 Ing of the Product into Fin
 ished Material.
 MT. Gates says that the directors of the Tennessee company are expending money as fast as they can do so intelligently and systematically in the reconstruction of eX- isting plants so as to further reduce the cost of production and that the plans in- clude mills for the working of the prod uct into finished goods
 These facts are more impressive the longer we dwell upon them. They under write the future of Birmingham. near and remote, under all possible changes of con ditions
 In Naming Birmingham the
 Largest Inland City MT. Gates
 Overlooked the Possibility of
 SlnckWater Navigation.
 Finally, MT. Gates prediction that Bir- mingham is to become the most important inland city in the United States with a population of q million twenty years i hence, is entitled to respectful consid- eration, to say the least. A great finan- cier of New York who is familiar alike with Pittsburg and Birmingham, and who Is careful of his utterances, Is even more optimistic than Mir Gates He has repeatedly said that Birmingham ten years from now will be as large as Pitts burg-and Pittsburg today has popula- tion of a million. The growth of Chi cago is covered by about SO years, and things will move more rapidly, especially in the south, in the next twenty years than they did in 75 years of the nine- teenth century. And in rating Birming- ham as an 'inland' city MT. Gates lost sight of the fact that slack-water navi- gation from Birmingham to the Warrior n p1f1f baz feasible by army engineers who went thoroughly into the problem.
 The shadow of This Bright Pic
 ture Is that Many People Are
 Sleeping on Their Opportunities. In the light of these facts is there a city in the United States which has brighter promise than Birmingham? Is there one in which investments in real estate are more inviting or more certain to yield large returnsf But there is a shadow to the dazzling picture. It is the fact that many people of Birmingham are sleeping upon the opportunity to ac- quire homes in the city limits while prices of residence property are still within their reach. We have made these prices, and we know them to be reason able and just, for they are based upon our knowledge of the city and district. If they were lower we would be doing wrong to our stockholders. On the other ildHuf II we auNduCeu llleIH SHdTply dL present we would retard the growth of the city. We want to see q plump and well-rounded Birmingham, compactly | built up within it's limits and surrounded | by smiling suburbs.
 | If we were nothing but a land com l pany we might shut our doors and wait 1 for the time when people would thunder | upon them and clamor for our property 1 on the North and South Highlands at whatever price we chose to ask. But we ! regard ourselves as an institution and l have planned for the perpetuaton of our I existence. We believe that as long as Birmingham stands. the Birmingham 1 Realty Company will stand with it. Our 1 history is entwined with the eity's his | tory from the beginning, and we hope | it will be thus in the generations to ] come. So our advice to buy residence property NOW is not altogether selfish. ! We are looking at the interest of the people as well as our own. How long | the prices of today will continue. we nor l anyone else can say, but we do know | that the law of demand is memorable and | will be obeyed. And if that law is not | moving to assert itself with unusual em- | phasis within a short time. we are un- l able to read the signs of the times and l our experience Of years goes for naught. EALTY COMPANY Avenue.