Los Angeles herald., 1907-02-10
MEN OF MILLIONS
LIKE ANGEL CITY
CoL0NISTS COME FROM THE.
FRlGID EAST
Newcomers Buy Acreage and Lots for
Homes-Comne Year Promises
Greater Results for
Los Angeles

tStdlc ildTheI are ABOUT ull InHI COulu
be desired, and the active embers of
the fraternity who produce results are
optimistic and confident Cf making rec
ord deals In both central business prop
erty and outlying frontage during the
present year. In many quarters big
negotiations are pending that promise
to be closed in the near. future-deals
that will give further evidence of abd-
ing faith i'm the value of frontage in the
growing metropolis of Southern Cali
fornla.
one feature of the market during the
past week is the presence of eastern
investors who have not made large pur-
chases. They come from the far east
and the middle west, to get out of the
freezing weather and the killing heat
of summer, and have decided to locate
near Los Angeles. Several parties have
purchased orange groves and acreage
for development.
The other day In the chamber of COM
merce building several hundred people
from all parts of the country bought
land in tract of 90 acres, and in a
short time the tolonists who come from
all parts of the east and California will
move on to the land an establish a
new md prosperous community. This
deal was put through on large scale,
but there are countless smaller propo-
sitions being closed every week, the
newcomers buying anywhere from one
to twenty acres for the purpose of cul-
tivation and for the building of homes.
These people will soon be added to the
valued army of producers They are
among the best class &C people who
come to the coast They are more nu
merous than the individuals and linn
tied syndicates that buy up high-priced
frontage either Tor speculation or de-
velopment, and they are the people that
more effectively Increase the population
of Los Angeles, and bring into higher
value the fertile soil adjacent to the
principal city of the coast section.
Nevada MIlionaires Coming
Other factors contributing to the SUBJ
stantial expansion of Los Angeles are
the milionaires created by the gold
mines of Nevada during the past two
years. One man who a little over a
year ago did not have a dollar of his
own when he struck Goldfield can now
write his check Cor $4,000, 900 and have
it honored by ary 1ank. i nat man Is
Al Myers. late of Goldfield, who recent
ly came to Los Angeles with his fam
lily. He has invested in .ots at Naples
and has purchased acreage at Long
Beach, where he will soon erect a mag
nificent residence. other gold kings
from the mountains are constantly
coming to Los Angeles > add to the
wealth of the community. their capital
being available for producing results
that will add to the commercial i'm
portance of the community.
Streets to Be Made Wider
Evidences of the growth the Angel
City is shown in many ways. The
streets have become too narrow. Main
street, from Broadway to Thirty-sev-
enth street, a distance of twenty-seven
blocks, has been ordered widened from
80 to 100 feet. 1t is admitted that this
most important improvement will result
in the widening f ether business thor
oughfares so that teams and equipages
of every character may move along
speedily without interrupting traffic.
Scores of miles of asphalt paving have
been competed du-fng the past year,
and more work Of this needed character
has been planned for the present year.
First street is % be paved from the
river east 20 the cemetery.
Other work of vast importance, in
Guiding the building of the railway sub
ways, the spanning of the river at
Seventh street with a combination steel
bridge for the extension of the Seventh
street railway into the Ninth ward, the
erection of factories and towering bus
mess blocks, and the inauguration of
the work for the construction of the
$25OO0,0 900 conduit from the peaks of
the Sierra Madre range - convey the
waters of the owens river to Los An
geles, and scores of other important
enterprises indicate in a striking man
ner that Los Angeles leads the world in
doing big things on a grand scale, and
that the city will continue to grow as
the chief center of intellis ence and COM
mercial Importance, waving the banner
of welcome to the people of all sections
and all lands to come within our gates
and abide in the chosen legion of sun
shine and flowers.
Leading Realty Deals
Among the more important transac-
tions in the realty Tield during the past
week may be mentioned the following:
r. A. Rowan & Co. and II. l.. Cor
nish company have sold the C. II.
Bush property on West Seventh street,
opposite BiXel street; also a part of
the Fulton property adjoining, to a
syndicate of Los Angeles men for
$4,000. The entire lot measures 260
feet front on Seventh street, 425 feet
on the east side, 264 feet front on
Eighth street and 470 feet on the west
side. The purchasers will cut Bixel
street through from Seventh to Eighth
60 feet wide and will grade, pave and
gutter the street at an expense of
$4,000 to $4,000. The lots will be sold
for the erection of high class apart
ment houses.
Rose L. Burchan has purchased from
e. r. Brainerd, through the agency of
Colson. Bryan & Donnell, magnificent
home place at the corner of Pasadena
avenue and Avenue 49, The price paid
was $1,000. The lot has frontage
of 40 feet on Pasadena avenue and
runs back 175 feet. 1t is improved
with two-story frame 16-room resi-
dence, which was built about four years
ago and is one of the show places of
that part of the city There also Is a
large barn and garage i'm the rear.
John j. Maxey has sold to the Wright
q Calender company tract of twenty
acres on Alameda street extending
from Twenty-fourth to Twenty-ninth
street, for consideration approximate
ing 100000. The property fronts 1850
fet on Alameda street and has an aver
age depth of 500 feet, with Adams
street running along the west line.
The Wright & Calender company in
tends to subdiYide this tract immedi-
ately into thirty-four manufacturing