The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1907-03-22
BUILDING PROGRESS
AS SEEN BY NEW MAN
More Than Two Hundred Houses
Now in Course Of Con-
structiOn.
THOMAS E. ROWAN on
THE CITY'S FUTURE
Good Spirit Being Manifested
by the Dealers in Real
= Estate.

=,
Los Angeles about two months ago and
who has since allied himself with the
business men Of Salt Lake, is one OF
the many new arrivals who have be
come entbused over the promise which
the city holds forth to the energetic.
During his two months residence in
the city he has familiarized himself
with local conditions and when asked
yesterday TO express his opinion as 10
the outlook he said:
''f have noticed that there is an un-
usual amount Of building in progress
in the city. In driving and riding
about the city ] have seen more than
200 buildings in course of construction
and these arc not shacks. but of a
cass that will he credit 10 Salt Lake,
On the north bench ] saw nine within
one block and these will range in cost
from $4,000 to $4,000 While riding on
the East Fourth South car between tho
Joint building and Fourteenth East
street | counted twenty seven houses in
course Of construction
Only the Beginning.
"Tn speaking with many OF your
business men and merchants have
found them more than confident that
this is only the beginning Of the best
times ever seen in Salt Lake These
men. feeling rs they do, viii naturally
invest and improve When local cap
ital shows its confidence in the city
then and only then does the outside
investor become interested
"'Upon completion of the improve
ments by Mr.. Hartman both in the
street railway system and his RAILWAYS
and when the Western Pacific and 9th
er railroads have carried out their
plans thousands Of good, reliable riti-
Zens wlll Join our ranks. This increase
IN our population will naturally demand
that the confines of the city he extend
ed. ] can see nothing that could pos.
sibly prevent the approach Of the best
times ever witnessed in Salt Lake
Suppose, for instance. that there
should he a recurrence in the East of
the panic Of %, which would be prac
tically impossible, believe that Salt
Lake would be benefited in the long
run. In the panic of '93 Los Angeles
received hundreds Of the best Eastern
business men who were so unfortunate
as to lose the greater part il not all Of
their fortunes. In Tins way Los An
geles received the benefit Of having
added 10 her population some of the
branlest men in the United States I
hope that Salt Lake will get
her share or the same class of citizens
during the time of prosperity which is
near at hand
New Blood Coming.
New blood and energy is coming
INTO Salt Lake in quantities not real
zed by the average citizen If the
people Of the city extend the right hand
IF fellowship to all newcomers as they
did TO me there is no doubt that in a
few years we shall be able to write
our population at a quarter of 2 mil
non. he real estate men are working
hand In hand more. I am told, than
ever before. What is more, | have no
tlced in some of the transactions that
have taken place lately that both the
buyer and seller are ready to give and
take, whereas it is said that few
months ago no such thing existed. This
shows the proper spirit and eventually
It viii bring results.
We don Z want a boom. All that
we want is healthy. steady growth
=, thing which is now taking place.
There is one danger which must not
Dc overlooked, The owner Of land must
not ask fictitious price for something
hat is to be, but is not. The propertY !
'wner should give others a chance 10
make a small profit or they will not
'ome here 10 invest. The values are
however, as general rule, couserva
I've | base my opinion on what is
BENG done in Los Angeles and San
Diego, for [ know that Salt Lake is !
gong TO be second Los Angeles.
Los Angeles investors have every
confidence in Salt Lake. To verify this |
assertion ] may say that certain Los |
angeles men have authorized me TO /
'eIl their Salt Lake holdings at an adj. 7
'anee OF 100 per cent over the pur.
,hase price Of eighteen months aoo
The fact that these investors are hold. !
ng their properties at this great nd.
iance shows their absolute faith in Salt |
lake. If the property advances at this
alto and can, with the nominal i'm.
orovements. pay a good rate of inter. /
'st surely there is no city in the West
hat offers such returns to the in.
ynetor - ''N III