Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1909-11-08
TACOMA TIDE LANDS
OFFER OPPORTUNITY
FOR INVESTORS
Albuquerque Man interested
IN Real Estate Proposition in
Pacific Northwest.

II l. not often that Albuquerque
people have a chance To get IN on the
ground floor on an Investment prop
osition In which there is absolutely no
element Of chance.
II Is true thai hardly a day passes
without some sort of n proposition be-
ing brought up but the really safe
and profitable Investments that have
been brought here from the outside
are not many,
The northwest today vs. undues-
ttonably first In the public eye. The
development there liz unique in that
1t has surpassed all previous records
and there II nothing TO compare with
1t. Money IL flowing into Washing
ton ana oregon In q continuous
stream m real estate is passing from
hand TO hand with phenomenal rapid
ity and ever vt an advanced price,
The cities " Portland, Spokane,
seattle ana Tacoma are building up
with a steady. sane and wonderful
growth, but 1t II taking outside capt.
tai to develop the entire country.
Probably the most remarkable In
stance OF real estate appreciation is
ia the Tacoma Tide Lands. Last year
Tacoma had but one railroad, the
Northern Pacific. This year she has
the Northern Pacific. Great Northern,
Union Pacific. Chicago, Milwaukee, A.
IT Paul, the North Coast. which IT.
presu mably the Canadian Pacific, and
the o.. X. a. N coming fast Tn
five railroads that are already there
hold immense acreage on the Ttdo
Lands and the water front and are
%plnnning the expenditure Of over
s11,000, 900 In the construction Of
docks. warehouses, shops, round
houses and trackage.
These railways tap the inland em-
pIrc Of Washington and the whea
belt Of the northwest and they are
manning 20 handle through Tacoma
the great bulk of the export trade.
The natural result Of this tremendous
activity among the transcontinenthl
railways has been that the Tide Lands
surrounding the properties 81 these
railways have appreciated IN value rs
soon ms il became known that the
railways were buying property, the
ride Lands Immediately adjacent
we're held at n higher figure, Some
Of this land has already been plated
and nut on the market ana the nddi-
tons aold out other additions are
now on the market and other large
districts are being held by the owners
for y further advance.
The Eugene Church Company has
been fortunate enough TO secure an
option on 20 acres situated on the
Marshall Road, the principal ROAD
ACROSS the Tide Flats, between Taco
mn and Seattle, at a very reasonable
uYirc. In fact. about $1,000 an acre
legs than the present market value.
This land lies IN the most enViahlc
district ~ the new manufacturins
center of the city OF Tacoma. about q
mile and three-fourths from the CEN
tor Of the city, on the main Travelled
road, which IN another year win have
"A street ear line and, In the opinion
of well Informed real estate men OF
Tacoma, IL the most advantageous
buy,
The land Is perfectly flat and needs
no filling In or grading. In fact, II
IL an ready To build factories on at thls
tilne. Property Immediately adjacent
10 IL in almost every direction has
heen matted ana ~ on the market ana
the lots are selling rapidly.
IL In the idcn OF tho eugene Church
Conpnny 10 buy his 20 acres, plat II
into 500 lots 2bx100 feet each and
place the lots upcn the market AZ
reasonable prices for a quick turn
They figure on from six To eighteen
months 10 consummate the resale of
the property, and that those who are
fortunate enough to be stockholders
IN the enterprise viii receive two doll
FOR one
The Eugene church COMPANY "
well regarded Ia Tacoma and the
northwest and Is an entirely reliable
housc. They suggcs the formation
Of a stock company 10 handle this
project shares selling at sloo per
share. Fifty per cen viii be called
tor at once. tho balance In six, twelve
and twenty-four months, II called for
1T once. hut the supuosition Is hat
the subsequent instailments viii not
be called for as oug land viii be
sold TO take caro of the deferred pay
IN the purchase price.
This proposition has been brought
90 Albuquerque by JohnsLce clarke,
examined everything with con-
siderable -thorouRhncss while In the
Northwest. lie has since then re
many letters from real estate
and ann In seattle and
Tacoma. endorsing the proposition
Mr.. Clarke has talked with Albu-
Iuurquo business men In regard Go this
and has been successful in
interesting quite u number. h OPP
ton. which was 20 expire November
eth has been renewed until NoVcm-