The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-23
City Is Most Advantageously Sit
uated to Command the Trade Of
a Vast and Rich Territory in
State of Texas.
IS GROWING NOW WITH
MARVELLOUS RAPIDITY
Offers an Alluring Field to Manu-
features Of ALI Kinds, While It's
Terms for Land and Taxes Are
of the Most Reasonable.
BY HERBERT vANDERHooF.

It has been said by some Of the bright
est financiers in the world that land Is the
safest item for man to invest in, for, I'M
like other things, it can be destroyed only
by the Almighty, while, on the other
hand, bonds, gilt or silver edged; banks;
and all that sort of thing can easily be
wrecked by man. Not long ago party
Of fnanciers were talking in the rotunda
of the Auditorium hotel Chicago, and
one Of them, turning to his companions,
asked: .sz- -
Nov, what do you fellows call land,
from the standpoint OF an Investment"
To which one Of the two replied:
Land is the source Of production, for
It is the basis of wealth"
If you build a house, there must be
something for that house forrest upon
land. If you do not have the land, you
cannot construct the house. II you rest
it upon pillars, they in turn must rest
upon the land. II you construct your
home In the form Of a houseboat, 1t must
rest upon the water, but that water must
rest upon the land. Land is the funda-
mental source Of mans riches.
With these little expressions OF opinion.
I viii now endeavor to show to the reader
the value Of investing in real estate IN
the beautiful and charming city Of Dallas.
Texas.
wish In the arid deserts or in the wooded
wilds, but If you have no population: no
one to make use of that real estate, IL IL
practically Of little value. In the city OF
Dallas Texas, there are today house lotS
| which, If purchased and properly man.
aged would render to man 10 per cent
| at least Of his investment the first year.
and within five years 100 per cent, or, IN
other words, pay for the price Of the
land and the cost of building house.
! The Value Of Manufactures.
One OF the richest assets of any city
| is its naanufa ctures. If you do not have
the manufactory you cannot nave the
There must be rich and poor alike. The
rich control the money that moves the
machinery in the factory, but the poor
man with the aid Of that money moves ess
turn paid for his labor. He must live;
he must sleep, hence he must occupy a
place Of abode. and he must pay to i've
the dome of heaven. And SO, with the
presence of the factory will be the man.
and where the man is will be the house
The City Of Dallas. Texas. is one of the
| growing towns Of the South: 1t has big
| growing population of thrifty, live, good
hearted, and well balanced souls. 1t is
1 portation facilities, which enable the
I Visitors to reach the city or to depart:
The railroads furnish the medium OF
| TRANSFORMATION for the manufacturer, and
In turn, plenty Of material finds a ready
market in other sections OF the United
! States. ---
In the first place, taxation in the city OF
| Dallas Is within reasonable limits. New
factories are exempt from taxation Tor
a. certain period of years, stimulus be-
ing given to draw to Dallas big factories
and to encourage those who have any
20 o$N 10 a
supply is good; the fire department ade-
quate for the needs Of the city; the I'M
derwriters look upon Dallas real estate as
a good risk-in word, the building pos
sibilities Of Dallas are bright.
The population Of Dallas county, in
| which the city Of Dallas Is located, is
real estate and farm lanes, is $a9, Ooo.o 900.
The manufacturing products of Dallas IN
q 1905 represented $15,ooo,oo0.
Growth Of Manufacturing Possibilities.
There could be no better investment
. for any man in the country than to In
!: vest in real estate in Dallas. The fact
Is that Dallas Is coming to the front
manufacturers are building rapidly, for
the city, being well supplied with railroad
facilities and easy access. to the Gulf OF
Mexico, enables the manufacturer easily
| to find a foreign market for his goods.
Help can be procured at a reasonable
|, price; mechanics are to be found at Dali
, las in abundance, and there is plenty Of
cheap labor.
The greatest harness and saddlery fac
tories in the world are situated at Dallas.
) There are cotton mills containing 500
i looms and over 10000 spindles; two big
packing plants, with another in course q
{ Construction; a big Portland cement plant.
? two large cotton GIN manufactures, and
: here also 1t may be. stated Dallas has
large factories, which turn out cotton
gins. Dallas takes especial pride in her
; printing, binding, book and stationery
> houses, and there are some excellent
newspapers, metropolitan in tone. pub.
! the people are, indeed, aware Of the POI
5 sition they hold in the country's oom-
t mereial field and the bright prospects fol
t houses, Dallas boasts of her breweries
bank buildings. municipal and county
buildings. while there has just been com.
pleted structure which will be used
partly. for an office building, which cost
over s400 900.
Building lots can be purchased at .
5 most reasonable figure In the city d
they will have doubled In value. The cits
, Of Dallas is coming to the front witt
. formidable strides. as has been shown
i during the past two or three years, and
/ before another decade has passed she
S will be among the leading municipalities
e of the Texas country.
An Example of Success
8 Eight years ago young man of some
!; Is or rs years of age, living in a Northern
}: city and possessing about $500, decided
to move south for his health At flrsi
. he was undecided as to settling in New
Mexico or Dallas, but finally decided upor
Dallas. He purchased a plot Of ground
few thousands Of dollars and, not havirs
: sufficient funds with which to begin the
| construction Of a house OF building Of any
kind, decided to bide his time. This he
4 did. Finally, when he had become known
q to some Of the business men of Dallas
n began the construction of building 70,
{ store and office purposes.
z Within two years the land had doubled
n in value and today that building and
g land, which cost $40, 900 combined canno
be purchased for SEE, 900. In fact, It d
Is assessed for $4,000. This is but sam.
r pie of the building possibilities of Dallas
IS Texas.
y Another good thing to be considered
L ties Of Texas is this: The city official.
e have not loaded down the city ordinances
with a lot of foolish, nonsensical mani.
feStoS that man must do this that
), that he must pay an extra fee for one
thing, but all prospective purchasers Of
real estate are treated alike. The build
ing laws require man to use the bes'
that the building be safely constructed
and be in accordance with the state county,
= and city laws, and those of the fire under.
writers, and hence there is no unjust
discrimination. In fact, this is very
Q noticeable thing in connection with build.
: In the end that the city Of Dallas mus
: come to the front; it cannot be hell
:, down, and it time 1t will probably be- q.
8 tn citizens claim, the metropolis OF TIL