The Washington times., 1906-02-25

Realty Broker Predicts
Population of a Million.

Jesse L HeiskeU. OF the firm Of
Heiskell & McLeran. the real estate
brokers who negotiated the deal by
which the Firtk-Sterling Steel Company.
of Pittsburg, acquired about 40 ceres
of land at Giesboro Point as location
for its plant. believes that the gate has
been opened TO the District OF Columbia
as a location for industrial enterprises
Looking at the situation as Il is now
unfolding in the business world of tne
Capital. Mr.. HeIskeu does not hesitate
10 predict great things for the n ar
future Of Washington.
in an interview yesterday le said:
The purchase of the land at Gies-
boro Point by the Firth-SteTling Com
pany marks the beginning Of the de-
velopment Of manufactures in the Dis
trict Of Columbia. II must be borne in
mind that Washington is the Capital of
the wealthiest nation on earth, yet II is
the smallest in population Of any cap
itaI. and its future development must
be in keeping with the progress Of
this vast country. It follows as
matter of course that the manufactur-
ing industry will keep pace with its
increase in population, which far ex-
ceeds the realization Of our home
population,
Evidence of Growth.
The purchase of land by the cleo
tric light companies upon the Eastern
Branch, as also the other properties
acquired. evidences the enormous growth
which appears. however, 10 but few Of
our permanent might say, native
residents. All Of the land on the Mary
land side of the Eastern Branch, from
Bladensburg to Giesboro Point, is ad-
rnirablv adapted for the establishment
Of factories. in the manufacture OF
almost every kind of wares.
1T Is difficult for some TO comprehend
the great advancement and develop
ment of the District Of Columbia. yet
if the most pessimistic would look back
only FIVE years they will find that
Washington has grown more In that
period of time than it did in the pre-
vious ten years, and the previous ten
mark a greater development than the
twenty years beyond that time.
In the twenty years that ] have been
actively engaged in the real estate busi-
ness / have found that the progress of
the city was beyond my CGHtempla
ton. Property on the Eastern Branch
and south of Washington has in my
judgment increased In availability for
all kinds of factories. especially those
engaged in the manufacture of sup
plies for the Government.
The District of Columbia. limited
as it is in area, control, or government
by the National Congress, offers a pro
lection far greater than can be had in
any of cur States. This fact alone Of
fers he best opportunities for capital
to invest here and the low price OF
land along the borders of the Eastern
Branch within the shadow of the Ma
tional Capital Is an additional induce
ment and must in the nature of events
draw capital to washington.
Looks for Million People.
Il feel that l am within the bounds
Of conservatism when l predict that
within the next twenty years the popu-
iation of Washington will be close to a
million inhabitants. am confident that
the present population will be doubled
This increased population will not only
mean an increased demand for real e.s-
tate. but all business must benefit there
by.
II am somewhat surprised that those
engaged in the management of ou.
street railroads, electric lighting. and
with the business of furnishing power
10 run the factories of our city have not
acquired property on the upper Poto-
mac. At the Little Falls there Is s,,f;f-
cient water power rct only to light the
city of Washington, but to operate
every street railroad within the city
and furnish power to all of our factor
.es at d cost much less than il is ros-
sible for il to be produced otherwise.
THE District OF Columbia Is not only
fortunate as to location. but is favored
in many respects and as the country at
iarge grows III appreciation Of its Capi-
tai City We Will have fewer men in
Congress who would. if possible. retard
the development of the National Capt.
tai"