The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1907-08-25
SHOULD INVEST
IN SALT LAKE
Capital Is Assured Interest on
Money Placed in Renting
Property.
REAL ESTATE MEN APPEAL
SAY SOMETHING MUST BE DONE,
AND AT ONCE.
REAL ESTATE MEN APPEAL

The demand for homes in Salt Lake is
urgent. Families are living in hotels be
cause there are no houses to be had
Real estate is an investment and cannot
blow away: the stock market can. The
srI~yested remedy is that men of means
invest their money IN Salt Lake residence
property, instead of toying with the
problematical.
This. in effect is the gist Of what the
Salt Lake Real Estate Mems association
nroposed ct its meeting last evening in
the chamber Of commerce, with reference
TO the existing shortage Of houses. MI
n,erous speakersscaIled attention TO the
fact that there is so desperate scarcity
Of houses and apartments that it Is al
most impossible for one to secure a place
>, live in. in spite of the fact that he
1.a,-s his rental months IN advance. Nd!ttI-
iug lists are longer than an elephant
trunk, say the real estate men,
"Enlarging the Place"
Aside from discussion OF the shortage
oC bouses the matter of the apphcat!On
0f the Butchers and Grocers aSsOCia t tion
and the Retail Merchants a s7izations
s...eIr membership in the chamber OF COIL
merce, which is now c0thpVsSu VI J.,o
Manufacturers and Merchants dSsO -
81 estate Mems association. Inc mat
ter was referred to a committee, Whlch
will confer next Tuesday with tne o'Llei
organizations. There Is oPP 3JS, Sav tfat
count of the fact that some say t!idl
there NAV be a tendency 10 turn the
chamber of commerce into collection
Appeal to the People.
The following address was issued after
ths, meeting last night: ...,.,.
Colt oil y
and 10 the investing public SeneIaHS
your attention IS called 10 me ~ ~
traordinary fact that the demand LoI
homes in this city far exceeds the supPlsll
salt Lake has taken on an increased
nopulation of 10000 within a year. Bulid-
ing operations, great as they haNe a 80 en-
are wholly unequal 10 the Heeu lOa
bc,,As The offices of our members are
tbronred daily with applications LOT
houses by people who VIII pay soou rsIS
ais and whose wants cannot be supplied,
There are hundreds of instances WheTe
vvaT-to-do families are living in hotels
and rooms for want of houses which they
would gladly rent at profitable moh'iily
reGIrns- ,a tho
situation has become so acute that TINS
association has unanimously decided 10
appeal to the investing public for reneI.
Something Must Be Done.
..sornetbing must be done. and at once.
The merchant lays in goods to supply
his growing trade. A city shOul9 90 hh a5
wise, After all is said, there IS no IN
vestment so safe as real estate Inc
world grows larger every year, but Inere
are millions more every year TO use us
surface The country grows steadlly IN
certain we'll defined lines ana real estate
Steadily advances with this growth more
and more Population gravitates TO the
centers and Salt Lake, because OF tills
and because of her marvellous dlVersity
of developing resources: spredus NlueI
and wider over the earth
Real Estate as an investment.
Contrast for moment various invest
ments Stocks rise and ran ana pass
away at manipulators' will. Notes that
are good today go to protest toIlloIIe Nv
Individual and corporate fortunes ne
Dendent upon the vagaries OF the mar
kets. melt in the heat of speculation
But real estate remains. Tomatoes ana
cyclones cannot blow II away, pdiicS Gan
only temporarily affect il, ana while they |
100 II is the most stable of all property.
II is a savings bank that never Galls-a
harbor of financial refuge Nheh the
wrecks of the ships Of stock and other
speculation are streWn Dy thouSdIus
along the business shores
You Cannot Keep a Good Town Down
salt Lake is founded on the. rocks. |
1t will endure despite everything, II
has grown steadily from the day OF its /
birth and it will continue to grow TO the !
very last tick of time. Is there any thlng |
better or safer to buy than Salt Lake !
real estate? Prices are low, far lower |
than i'm any other western city. Improve !
ments will pay good interest upon their |
cost and the cost Of the land and the |
improvements will double in value With
in fine next five years. You cannot stop |
Salt Lake. As well might you hope to |
stop a tidal wave from mid-ocean- The /
civ is going on her merits and her /
merits are only in their infancy.
Remedy for Existing Conditions.
we call upon the capital at home and |
abroad to come to the relief of Salt |
lake. We ask you to build homes to !
rent TO the people who are crying Tor |
them at good rental prices. We will I'M
dertake to rent houses at profitable rent /
ais as fast as they are offered, and Will |
guarantee a steady demand.
I'VE call especially upon the owners OF /
home money-milions of dollars of which /
are in the banks, to come to the rescue /
and help supply houses for the occupancy /
of the thousands that, though prOvident /
are homeless within our gates, the thou /
sands that are coming here to help make /
this one of the greatest cities in the /
whole west.
SALT LAKE REAL
ESTATE ASSOCIATION.