The sun., 1910-10-09
HOME or DIR 81 I. H. PERsHING AT wooDMERE.

dav Il "a. 'r" there was a scramble for
Na-n.f sfr'-.' sites ga IA" IgT' It up-
iiiuI-' 90 hu-,-"s- mon. who had every
ruuNu.ur" that the city would i've down
fh- 'tr.i y4.t.." and rs" agaiU letter
than hatDTs. = IN. ,f them took ad-
I'D. 't." e N, 'f" q SECURE better sites
H.n' VAS san Francisco = gr"a'-s' thor
...-Aiarr and Dusln' - -Lrr-'. upun which
H.sturs IN, catastrophe ~ was almost
iUrD< <sibi- e. buy real 'stAtc. once NOR
thrown INTO N" market. and Staggered
and -tuT- fed a. they were Nv tn" de
~trrlJ'iDu around them the business men
ut Nau FranCisCr Jumped az n" chanN"
fDr harEalu- WIKI th" result that what
httl" depreciation thor w,-s eepreciati"n
Il from ~ tu a. t"r cent quickly ulsaI-
ueared To-day this d"pr"ciai ion has
.r'iraiy Disappeared in many PLACES
Al.ng that thOroughiarr. Top prices
generally icing taken - indiCaiIpn OF
q. al estate values, Mr.. Mage gives an
iustanC. of "a recent sale "n Market street
" here the prIce was Sl2O square foot
~ compared with sIOl paid before the hre
Du. tD--un 10 b" drawn from such n
cuuHagrafi'n a. IN" San Francisco one
is that fh" dvpnrCiatIpn ot proper1y
.alvcS will not hs, evenly dist ributed. but
will var, greatly with lpcaiiiles. In re
buIiiIng nlJy new sections are some
times ri.A.i on for certain kinds of
trade and 'hr busIn"~S map considerably
changed \ -.rfIuu Cpnsidered good
yoluped h'fur- such = fire ~ perhapS
4 .-..rt"d for an entirely different locality
IN IN. rebuIf CIV All This results IA a
rradiusi meu' 81 land yalIes This 70
some extent has occurred IN 'he rebuilt
san FraHcisc0. bat ia he man business
ha- -s-l"C' ed The ~ rect upon which lt was
located bsfor' the fire.
The fact that the new san Francisco -
a better cify than th" Old - due chiefly
20 the wonderful optimism - - J-"ple
Ih"y were Hut dI-h-ari enpd bv he fact
ma. their city had been dest royrd and
th.y DID not share the ba-h"f expressed
lO -,ma quarters that the supremacy "t
Ice ,Dast which San Franoi-cp Had al
way held. would pass 80 IT, ambitions
rivals o. 'h" noiTh a. "A result ~ IN" Ca
lauI'v The t"s=on 10 h. drawn IA San
ITar.l-.u'- cas-. apparently II thai gwen
such opt lmiS,n. such local pride and gen
oral business confidence and rlIoh AT"
a ,ify beet fDyrd II bound To- be TebtltH ana
t. rI-' quickly from it, ashes 10 IN" piao"
D. furfuefly held The fire insurance
companies and the banks poured int % San
Fran,i-ou money that went quickly To- her
r"buiIiIua money wB~ borrowed In largo
a'r. Iu'- ~ fairly Easy rates. and while
aII 'li- went "a 'h" owner ~ real "rtAi"
held uu 20 nl- and FOr months after no
ire be- could not have sold II perhaps
b.rau-o there Was nobody 20 bay, but
.,.r.n u ther" had been the thou ght of
act ually i"tiing 20 his property seldom
occurred 30 him The idea upUarInOss
boo M" mind 81 M" man holding San Fran
rt-cY UrOperry. ~ -""nS. was to pat up "A
b.fteABulldlug than the on" deSt rOyed.
n Waznf long ~ tha hgpira- Of ran
Franci-sU land values show, before values
hognn - ris.. from the ios figures follow
ms tho fire IN" confidence and on
ttui-m 81 tho owners Df land had kept
h.-.' values from going 80 almost moth
.trg when he City was "A pile % ashes and
fu-dav this confidence ~ being justified.
4 .ity built iH tine last four years has
-Drrrthing 20 recommend u over it, rivals.
over the older cities NJ the country. Prac-
ttra,Iv "vcryth ing in II j. new All the
engineering inventions ~ the last few
,i.Cnd,s can be- utilized Concrete, = ma
'Drial not known when its rivals we're
ItIiIt. can h.. used generally instead of
-roridcally This ~ what has happened
II fh.. new san Francisco and IL has helped
land values mount upward again. Uncle