The San Francisco call., 1910-02-19
EASTERN CAPITAL
READY TO INVEST
California Appeals to Men Inter-
ested in Development of
Farming Enterprises

Frank w Hazen, a prominent capi-
talist and realty owner living in the
vicinity of Kansas City, recently Wis
tied San Francisco to consult with
Baldwin & Howell in regard to a land
and irrigation scheme now under way
Hazen spent several days in San Fran
cisco investigating the situation from
the standpoint of the buyer with the
intention of ultimately investing very
large sum of money in California farm
lands. He is at the head of a number
of important development propositions
and is in position to direct the ex-
penditure of something like $500, 1000
He is one of the best informed farm
land men in the United States. He
said that Californias possibilities were
even greater than his most sanguine
expectations. This was his first visit
to the state and in verification of the
California stories he had heard he
found his greatest surprises.
CALIFORNIA MAKES GOOD
Il must own up" he said, that CAL
ifornia made good with me. I've heard
stories about reaping six or seven crops
of alfalfa year and about strawber-
ries 10 months out of the year and
about rose vines and geraniums that
cover houses. but never believed them.
-NOW i NC 5Ol " 80 DdCh HOtlt ana tel
them myself.
California has won me completely
You have a wonderful state and thou
sands of acres Of land capable of irri-
cation or subdivision. l propose upon
my return to take up the matter of de-
veloping operations in this state with
my associates and to advise seriously
for them TO invest their capital in Cal
ifornia lands. However, when we do
enter into this far western field it
must be understood that we will pay no
fancy prices for lands We can not af-
ford to pay land holders big prices
simply because by our work and with
our money we make that land valua-
BILE. Our success in other states is to
be attributed to the fact that the big
land owners co-operated with us by
turning their acreage over to us for
development at a very low price
think, however, that most of the ranch
ers of California appreciate this fact,
and when we come down to business
will do everything they can to help
any worthy project"
SAN FRANCISCO REALTY
When asked what he thought of the
realty situation In San Francisco, Hazen
said that in his opinion some of the
best investments in the country would
be found in San Francisco from now
on
II believe that San Francisco bust
ness property at the price it is listed
with the responsible realty offices in
San Francisco is as safe a buy as a
government bond. Furthermore, it is
bound to increase in value because this
city can not help but grow, and as it
grows realty values will increase in
equal proportion to the increase in
population. A man buying business
property in San Francisco can turn it
into cash any time he needs the
money. Howell of Baldwin & Howell
tells me that their greatest difficulty is
to get property listed at the right
price, for as soon as it is somebody
snaps it up. 1t is true that there is
considerable property for sale, but the
owners have either paid too much or
expect too much, in which case they
naturally have to wait until values go
up to the price they ask. As an exam
pie, l was shown a so vara lot listed at
$4,000 This lot is now worth about
$4,000. When it was first listed it
was not worth over $4,000. 1t is in
creasing in value at the rate of $1,000
year and in another two years some
one will come along and buy it. The
owner thinks the market is dull, but
he is mistaken, as he would soon find
out if he relisted at its real present
valuation.
There are a number of properties.
however, that are listed right and any
man who snaps them up will make big
money If he is willing to hold them
few years. The thing to do is to get
hold of the right pieces and not bite at
something with a price tag on it two
years in advance of the market r.
have bought and sold a good deal of
real estate in my life and it's always
been my experience that it pays to keep
in close touch with some good real es-
tate broker and when he gets some
thing good buy it quickly before some
other fellow beats you TO it,