The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1909-04-20
GOLDEN FUTURE is
HUBBARD THEME
Well-KnOwn Real Estate Man
Discusses Outlook for
Salt Lake.
POPULATION OF 100000
IN SIX YEARS. PREDICTED
Reason for Rapid Growth Also
Discussed in a Logical
Manner.

Real estate men all over the city
are discussing the effect on business
here of the number of big propositions
which have been started within the
past few days. Attention is called to
the fact that two investors here, j. 2.
Megeath and Albert Fisher had deter.
mined to erect one-story buildings IN
different sections Of the city for bust
ness purposes, and that Immediately on
the announcement by Samuel Newhouse
that his new hotel building would be
started, Mr. Megeath decided TO in
crease the height of his building to six
stories and Mr.. Fisher decided TO erect
a four or fVe-story building.
w. L. Hubbard, manager of the Hub
bard Investment company, commenting
upon the business situation here Mon
day, said that the showing here in
building especially. was remarkable.
"Think of it, said Mr.. Hubbard, 'thc
value of building permits within the
past SIX weeks has been Sl,350,000,
with the prospect that within the next
month this amount Will be increased
by about 81 10000 more. What other
city of its size in the entire country
can present a showing equal to this?
Real estate men and others who have
Just returned from Los Angeles say
that Salt Lake City is actually doing
more business than that city, in spite
of the fact that Los Angeles claims
at least three times the population of
Salt Lake City. Many people from
that city own property here, and in
vestors from there are constantly look
ing for more property here. Instead of
selling their property they are improv-
ing it.
Newhouse Takes Lead.
''Samuel Newhouse has taken the
lead in Transforming the business dis
trict and by his action in erecting new
buildings has already established con
fidence In the future OF the city, as "A
profitable and safe field for the in
vestment of large sums Of money from
all over the world Impetus has also
been given to the movement by other
very wealthy mining men and stock
brokers. Mrs. Judge has done much
for the city, w. s. Mccormick. W. H.
Mcintyre. Thomas Kearns, the Sails
bury brothers, G. S. Holmes, the Auer-
bachs, j. 2. Megeath, Albert Fisher,
the Simon brothers and even the Nor
mon church are erecting new business
blocks. The Salt Lake Hardware com
pany is erecting n wholesale warehouse
that would be credit 10 any city, and
especially SO 10 a city of the size Of
Cdlt Lake. MT. hartman Is spending
millions of dollars in the city on the
improvement Of his railroad systems.
and the Denver & Rio Grande railroad.
the Western Pacific, and finally the
Moffat road, will also put large sums
of money into extensive improvements
here. Think of the tremendous sums
of money being devoted by the city
administration TO the improvement of
public works.
Golden Opportunity.
We feel that the coming summer will
be time Of golden opportunity for
this city. Thousands OF visitors TO the
Alaska YukonPacitic exposition will
pass through here during the coming
season. 1t is expected that fully 10000
Elks will be here in July on the way
10 the great convention at Los Ange-
les. Probably 10000 people win be
here during the great forty-third ma
tional encampment, Every one should
join in a great effort during these times
to see that the city receives the dis
tinction 10 which it is rightfully en-
titled
Certainly, there is nothing that can
keep the city back. The opportunities
are too great The advantages Of the
mines, smelters, the mills and the agri-
cultural opportunities arc rapidly be.
coming known and are attracting thou
sands of newcomers who settle here.
There is, l firmly believe, no city in
the country with double the population
that can show resources anywhere near
the equal of those here / think that
the population should reach 100000
within the next six years.