The San Francisco call., 1909-10-02
CITY'S GROWTHWILL
RAISE LAND VALUES
Development of State and Civic
improvements Tend to
Profit Buyers
Division of Holdings and Rail-
road Extensions Bring
Wealth to Metropolis
Bv E. 1. HoAG


Ever since the great disaster san
Francisco has presented to the world at
large an interesting study for the
hnancier or capitalist.
The great fire. wiping out, as il did,
several square miles OF territory COW
cred with residences. apartment houses,
hotels and the entire business section,
necessitated the construction of a new
city.
II was at once apparent to all think
ing men that the city must be rebuilt
The location Of San Francisco is such
that there will always be a city here.
In its rebuilding must necessarily come
unusual opportunities for the invest
ment Of capital New business blocks
had to be built and every established
business firm was TO be housed. Then
began Z study Of location, a readjust-
ulent OF prices, etc, which presented at
once q fascination and profitable study
Looking back over the past. it is
interesting to note the manner in
which SO much has been accomplished
At frst there was q pronounced de-
sire on the part Of men engaged in
certain lines Of business TO cooperate.
Men engaged in the wholesale business
formed an organization and endeavored
20 move from their old locations and
huild I'D a new district The real
estate men talked of putting up a
building and gathering together all the
firms in that line. The down town
property owners formed an organiza-
ton and numerous other combinations
were made. But in the end, the city
moved back TO the old locations. This
I take il. was for the best and proves
that one may now invest without fear
Of radical changes in location
The real results. however, were OBJ
tsfned by individual efforts. The in
dividual who improved his own lot has
done his share in the upbuilding Of
the new city, and. collectively, the in
dividuals Of San Francisco have really
worked together and accomplished
work in city building that has never
been eQusled in the history OF the
world.
an asked TO give my opinion, not
Of the past but Of the future prospects
for the growth Of San Francisco and
the chances for present and future in
vestment
want 10 say at the start that as
far as I am able TO see, the outlook is
most favorable. The growth of San
reasons for so thinking are in part as
follows
Among the factors that will make a
large metropolis Of san Francisco is
the development of the state of Cali
fornis which has just commenced.
Among the recent signs of develop
ment are the cutting up into smaller
farms The large holdings of the state,
which have been but partly cultivated
or improved.
We read Of capitalists coming from
Pittsburg and investing s7.000,oo0 in
land for colonizing scheme I'm the
Sacrament valley. The price of the
land is but a starter as il is to be made
an ideal colony by the investment of a
still larger sum in canals, roads, the
planting Of orchard etc. Another
large sale has been made near Sacra-
uento Of the Haggin ranch. Still an
other sale has been made of 107, 900
acres or land near Merced-
During a recent trip through the
Sacramento and san Joaquin valleys 1
found IN almost every town parties
looking for farming lands either as
farmers or as colonizers. The higher
development Of the farming lands OF
this state means increased products
and population.
The Western Pacific WIN soon be in
operation opening up new territory and
further advertising California. A new
railroad is about 10 be built up the
coast TO Eureka and probably beyond
There is some talk of the Hill roads
coming in from the northwest. The
Panama canal will be a very important
factor
When we take into consideration the
climatic advantages enjoyed by Cali
fornia as well as the vast area OF land
rich in soil at present unframed or only
partially so, together with the vast
mineral resources Of the state, az well
as timberlapds. etc, no sane man can
doubt that the state of California will
develop rapidly from the present time
on.
This viii make metropolis of San
Francisco and insure steady growth
which will not only maintain land val
ues. but viii increase them.
The growth Of the city is bound to
take place and those who are wise
enough TO see il are bound 10 make
money by investing in San Francisco
property
We. as citizens. however, could not
rely on the growth that is sure TO come
but should put forth our best individual
efforts TO make it come faster.
Many new projects for the adorn-
rnent OF San Francisco have been put
forth Many new subjects have been
discussed. but really little has been
accomplished so far by united effort.
II we could get together and take up
one profect at a time and carry il TO
= successful completion. and when It
is finished take up another, we would
accomplish much more than by discus
sing 2 great number Of projects with
out really doing any one of them
f<fo lrcc Do f,s