Los Angeles herald., 1907-07-07
Millions to Go Into
Circulation for
the People
Aqueduct, Railway and
Other Enterprises
Projected
Bankers, Merchants and Realty Deal
ers Optimistic and Confident of
Prosperous Seasons-MlIIon
Population In 1920

Keep tab on Los Angeles.
Money to be expended within the next
few years:
s23,OOO,OOO for the Owens river aque-
duct.
$15,OOO,OOO to S25,OOO,OOO for business
$2O,OOO,OOO to S25,OOO,OOO for the bet
terment and extension of the street car
systems
s1,2OO,OOO for new federal building.
Watch us grow!
Comparatively few large transactions
in the real estate field were closed dur
ing the first week in July, mainly be-
cause of the midsummer settlements, to
say nothing of the depression due to
the heat and the interruption caused by
the patriotic celebration of the glori-
Gus Fourth. Realty dealers feel dispos-
ed to improve the present period in
planning summer outings and many
have gone to the coast and mountain
resorts with their families for needed
rest after the winter and spring seasons
of great activity in their line of work.
Officials of the savings and other
banks report conditions greatly i'm
proved since the people voted almost
unanimously for the issue of the Owens
river water bonds, and they look for
ward to seasons of still greater pros
perity for Los Angeles and Southern
California. Money is steadily accumu-
lating in the various banks, the mer-
chants of the city. are enjoying In
many of them have been compelled to
enlarge their floor space or move into
modern buildings of gigantic size.
Throughout the country bankers are
optimistic as glowing reports as to crop
conditions are compiled and studied. In
the east crops were about two weeks
late In planting on account of the
severity of the winter weather but re-
anF oil \, IT,. L.
highly favorable and bumper crops in
all agricultural districts are confidently
expected Present conditions promise
well for the future
Locally the outlook is all that could
be desired. While business may be dull
in other parts of the country, in Los An
geles there is no apparent cessation in
business activity. The city continues
to grow in every direction as will be
noted by consulting the tabulated
statement of permanent improvements
for the past six months to be found in
this section fI Of The The Herald ,,T5 Large &c
favorably with the most pretentious
planned for New York are rapidly ap-
preaching completion, and many others
of equally imposing character are being
planned by syndicates and individuals
for early erection, while in every sec
tion of the city many new and beauti-
full homes are being erected at an aver
age of about 400 month Many lots
have been sold during the past few
years, but at the rate of about 5000
year they are being taken out of the
market as sites for home that are at
once occupied by families of five to six
in number.
Real estate dealers say that they look
for an exceptionally lively fall season
in their special domain. There has
been no decline in values either for
hlGineSS tract n
directions values have steadily ad-
vanced particularly in the close in
business sections, and with the extern
sion of the electric railway lines new
frontage will come into the market to
attract the attention of investors and
those wishing to engage in business en-
terprises.
Work on the building of the tunnel
from the Sunset boulevard side for the
Hartman subway enterprise for the
FILL street line toward Hollywood has
commenced, and soon the work for the
new route direct to the Santa Monica
bay section will be started. These ex-
pensive improvements will give lucra
tive employment to a large force of
men, some at fancy salaries. and the
money will go into general circulation
In the channels of trade.
Work On the extension of the Hunt
ing street railway line on Seventh street
river has been resumed and beyond the
RIVER tne road will extend in the Eu-
cha tielghts district of the Ninth ward,
running east on Seventh to Boyle ave-
nue., thence south to Hollenbeck avenue
TO APPOINT beyond the city limits. This
new line will be equipped with the third
rail to ,,s accommodate the traction cars
that VIII be run over the route to Whit
tier, thus relieving the Main and Ninth
street lines that are now congested by
Long Beach. San Pedro, Hun tington and
Newport Beach, Santa Ana and NanIes
cars. The new Seventh street track
will also connect with the Stephenson
avenue double track line about 1OO0 feet
north of the intersection of Seventh
street and Boyle avenue. This new line
VIII open up large. area of country
for industrial and residential purposes.
and the cars will bring the peorIa ~
the east side quickly to the fast grow
ing business district. which is steadily
expanding southwark with the marvel
Gus growth Of the city.
And then there are several millions Of
dollars to be expended in the near
future in the construction of the Owens
river aqueduct. This important enter
prise which means so much for the
general development of Southern Cali
Angeles, is one that has already at
tracted the. attention of the people in
all parts of the country, and its early
completion will serve to bring hundreds
OF thousands of dollars to the Angel
city for profitable investment while
supply of pure mountain water for
power domestic and irrigation pur-
poses the resident population of the city
VIII rapidly increase until by the time
lSzV is recorded Los Angeles will be