The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1908-04-28
REAL ESTATE QUIET
At GARY NOW
Depression, Which is Gener-
al Throughout Country,
is Felt Here.
.FURE|CNERS GETTING NEXT
Expose Made in THE TIMES HAS
Effect of Putting Quietus on
Sharks Deals.

Real estate has been very quiet in
the past few days. the bad weather be-
ing in part responsible and but few
sales of any Importance have been re-
ported. All of the real estate men are
biding. their time. however, as the con
fidence in the opening up of activities
in the near future is mistaken. Gary,
which was the last of the commercial
centers of the country to be affected by
the money stringency together with
the usual depression on presidential
year, is now beginning to feel the pres
ent state of affairs
Business, however, is not at stand
still. 1t never will be, because of the
reliability of those who are responsible
for the existence of the city, and their
position in the financial world, and the
| confidence which the smaller investors
have in the project which they are
backing.
March Has Been Onward.
| While the majority of the cities of
| the country have been at a standstill
Gary has progressed steadily. 1t has
! been constructed with marvellous rap
| idity and tireless energy. Those who
have already established themselves in
Gary have invested every available dol
lar in the steel city and will continue
to do so, but the recent slack in bust
ness is due to the fact that the out
siders are not flooding the city with
money to invest because of the fact
that they have been so universally
affected by the hard times.
The recent exposure of the methods
of several of the real estate dealers
made in THE TIMES has undoubtedly af
fected that class of men, some of whom
are bound to be attracted to this city
by the glazing prospects of making
money in wholesale lots. The stable
substantial dealers, however, who are
in the great majority here, are not
only affected by the unearthing of the
undesirable methods but will be ulti-
mately greatly benefited and business
will be diverted in the future entirely
to them.
Foreigners Are Getting Next.
Foreigners throughout the country
; are learning the methods of their
/ countrymen who are largely responsible
in this city for fleeing them, and are
diverting the business to the Ameri-
cans, most of whom they have learned
to trust because of having been given
a square deal A letter written to a
prospective purchaser by Robert Orotx
& Company, states that there are now
/ forty thousand men employed in Gary
f and that there will soon be a demand
for seventy five thousand more. The
: writer also states among other things
a few words concerning Walter S.
Ross, who was attempting to sell the
man property, which were as false as
they were uncomplimentary. This let
ter was used as exhibit "A" at the
meeting of the Commercial club Of
fcers when they had this matter under
consideration
VIII Force Them to Quit.
Drastic action will probably be taken
at once to force these dealers to
abandon this practice. The real estate
board will probably take it up at their
meeting May 4, and If the dealers are
\ found guilty they may be expelled from
the organization.
Attorney Bretsch. who received
claims yesterday from fifty three
victims from Bridgeport, O., alone
stated he may decide to ask grand
jury investigation and prefer crimina
charges.
: In the summer when portions of the
mills begin to open up and more mer
come to town, all of the activity Of las
fall and winter will resume. Warn
weather and the opening up of part.
|. of the mills is what the dealers ar,
looking forward to, and by that tim,
1t Gary will again enjoy the same ac
tivity in all lines of business tina
she has previously been accustomed to