Los Angeles herald., 1906-04-16
RUMORSAT VENICE
UNITE THE PEOPLE
SPECULATION ON ACTION OF
ABBOTT KINNEY
Property Owners of Santa Monica
Bay Banded Together for Elab-
crate Development of the
Popular Section

TOPuldT SOULFUL
A leading resident of the coast section
is quoted as saying that the atmosphere
around Venice has been full of rumors
of various types One in which people
were more interested than any other
was relating to the sale of the Abbot
Kinney company's interest. Many of
those who are in position to know
persist in the belief that he has sold
and that the papers have been made
ready for the transfer. Others seem to
remain in doubt, and on account of
these various rumors pro and con many
holders of property have been some
what uncertain and such has been the
position of prospective buyers The
majority of both hold to the view that
If Mr.. Kinney has sold conditions will
materially improve on all sides and
values will readily respond. Those
holding to this belief in some instances
have advanced the prices of their prop
erty and some have withdrawn holdings
from the market entirely. On the part
of purchasers many options have been
taken on valuable corners with view,
no doubt. of completing the transfer Of
the property in case the Kinney inter-
u.
this one thing apparent to the close
observer who does not care to indulge
in rumors of sale or not that the Abbot
Kinney company is not only inactive
with developments which should now
be going forward at a rapid rate, but
seem to be restricting their operations
to a minimum.
No Confirmation of Sale
all
active in the upbuilding of the Venice
enterprise out of the Kinney COM
panys interest as employees and unwill-
ing to corroborate any of the positions
taken by those who are firm in their
opinions that the sale has been con-
summated or that it has not been,
those who take the broader and more
substantial view of things are free in
the statement that it matters but little
whether the sale is effected or not; that
If Mr.. Kinney should retain his hold
ings he will be found ever ready,
anxious and willing to complete his
plans with reference to the future Of
Venice, and that If any association of
interests has seen fit to place the
amount of money in the purchase of
the Kinney interest, they would do so
with the expectation of not only con-
tinuing the developments, but would
greatly augment them, adding new in
terest which would be of material ad-
vantage to the entire enterprise; that
certainly no wise investor would think
of placing that amount of money in so
important an enterprise without due
consideration to it's future develop
nents and would have his plans well
matured before assuming control.
Progressive Workers
"This class of believers and buyers
are going ahead with their business
with the utmost confidence and with an
air of determined tion that not only Ven
ice but the Santa Monica bay district
Is to become what is and will be its
natural position as relates to beaches
and resorts. not only the most import
ant one on the Pacific coast, but in the
United States, if not in the world.
They put forth the argument that
nowhere in the civilized world is there
a. location so well and naturally favored
with such a diversity of advantageous
conditions, and that 1t only remains FOR
the people to take advantage OF these
and mold them into form to place TINS
reach where 1t rightfully belongs, at
the head of the list.
"a very encouraging attitude has
been taken by the great mass OF the
citizens OF not only Venice but of the
tbe future welfare of this locality is in
their hands, and it only remains for
them to act, and they appreciate the
fact that the time has now arrived
when all should cooperate for the up
building of the entire locality. For this
purpose they are organizing pay
chamber of commerce to take cnarge OF
the general interests of this community
and for the purpose of eliminating
Ill lines
aginary differences which in large
measure have materially prevented
that cooperation necessary to give
the strength and to lay the proper
foundation for their future Weliare'
Those who have been sectional in their
views and claiming that their only m
terest was in certain tract or locaiity
and endeavoring to pull down other
individual interests that entertained
like view have at last come to the
realization that what is to the interest
of one section Is for the betterment OF
the whole. and they freely admit that
no other condition has done so much tor
the entire bay as the building of Venice.
Plan Amusement Center
"They are likewise conceding the fact
that it is better to have one ereu,,
mammoth amusement center rather
than two or three small ones, and that
with the great diversity Of conditions
properly developed they will be In
position to care for all fancies, require
ments or conditions of our modern CIVIL
ization, and as one well informed party
who has been interviewed upon the
subject ably declares the footnills OH
the northern end of the bay are pos
sessed of certain surroundings and en-
vironments which will in short time
attract attention of mammoth builders
of palaces; that within few years u
will not be an uncommon thing to see
homes costing as much as quarter
of a million dollars occupied by dukes
kings and millionaires, and that the
beautiful converging country south OF
the mountain and foothill district Will
be one of the most magnificent home
places of the state; place of high
social, intellectual and moral standing,
known and appreciated on account OF
it's magnificent streets, palaces, homes.
churches and schools, all of which will
be positive proof of not only their in
telligence, but that they are a God
fearing and a God-loving people. While