Los Angeles herald., 1907-04-07
INVESTORS GROW
MORE CONFIDENT
ASSURANCE OF WATER SUPPLY
BIG BOOST
Outlook Never Brighter for Los An.
eeIes-Heavy Sums Already In-
vested In Tract Property
Deals Pending

The postponement of the auction sale
of the state normal school property
until Saturday, April 20, in order that
all interests may be represented, caused
some disappointment to parties who
had been figuring on getting busy with
other propositions in the realty line
Immediately after the SALE low pend
ing negotiations will have to be bottled
up for at least two weeks. In the
meantime the wise ones will quietly
annex as many options as possible
confident of rounding up good balances
on the right side of tile ledger.
Progress in building operations dur
ing the past week has been rapid, as
shown chiefly by the addition to the
forest of steel on the site of the Great
Ell Hamburg department. store, in the
practical finish Of the exterior of the
ten-story Security building at the cor
ner of Fifth and Spring streets, in the
building of the ten-story international
and Exchange Savings bank at the
corner of Temple and Spring streets
and in many other building enterprises
in the city. The weather has been
much more favorable for the advance
ment of improvements both in the busi-
ness and the suburban districts and
contractors have been making the most
of the sunshine.
Investors from all parts of the coun-
try have unlimited faith in the future
growth and prosperity of Los Angeles,
and they have demonstrated their con-
fidence. substantially by placing vast
sums in tract and other property. All
Los Angeles, and strangers as well,
should give the Owens river PROPOSE
ton enthusiastic support, for the as
surance by q practically unanimous
vote of the people that funds will be
provided to carry through the plans for
the water supply will result In instant
benefit to Los Angeles and Southern
California. Water in abundance for
Los Angeles is what will do more for
the city than any other one thing 1t
will be a big advertisement Of itself
OF incalculable benefit, and will bring
people from the east to the southland
in droves. Engineers figure that the
water and the power that will be pro-
Vided by the Owens river supply will
pay for the outlay in feN' years.
o. T. Davis, who had two big de-
partment stores in San Francisco be-
fore the quake and the fire, and was
cleaning UP a profit of $125,000 year,
lost $350,O00 by the disaster. The loss
didn't break him, though it may have
cramped him bit. He did not give
up, but came direct to Los Angeles to
look around. He has resumed business
in the Bay city, but he has resolved to
make Los Angeles his home and here
he will invest large sums of money.
He has already bought leo acres of
tract property on Vermont avenue,
known as Vermont Avenue park, and
Is making high class Improvements,
setting the pace for some of the vet
Grams in the business. He has also
invested in acreage near Pasadena.
He is in love with Los Angeles and
will give enthusiastic support to the
owens river proposition. Mr.. Davis is
an ideal booster. 1t would do you good
to listen to him awhile, as he pictures
in glowing terms the beauties and
bright future of Los Angeles.