Newark evening star and Newark advertiser., 1912-07-06

idea and claimed it was a mere
scheme to boom the country.
AS everybody knows, vast fortunes
were made by many of the pioneers
of those days, which proves that there
are times when enthusiasm may be
rated at par. So with Newark. Real
estate men are enthusiastic over
Newarks development and they have
reason to be. They claim that unim-
proved properties can be bought pro
portionately lower here than else
where, with the possibilities of future
increase in values infinitely greater.
An impartial estimate of the situa-
ton bears out their views. Safe and
sane investments can always be made
in Newark property. This will ap-
peal to the man who never under any
circumstances buys anything for
speculation. There are others again
who, while they do not speculate in
the common acceptation of the term,
believe it a good thing to buy prop
erty and turn it over for a profit at
every favorable opportunity. Even
the small investor can secure good
returns by buying judiciously and
holding for a profit.
1t is difficult to conceive of any in
vestment safer than Newark real
estate under present prices and pres
ent conditions The future cannot
fail to furnish a ready market for
Newark real estate, and no sounder
security has ever been found than
real estate. 1t cannot be stolen nor
dissipated, and as each new individual
is added to the community the value
grows.
Another factor, and an important
one, in the real estate development
of Newark is the personal initiative
of enterprising business men. 1t is
true that q good article at a fair
price once placed on the market will
commend itself to those who can use
it and in time may become very
popular without adventitious aid. At
is also true that Newark real estate
would at all times be in fair demand |
without any sort of exploitation.
On the other hand, a good article,
properly placed before the great buy
ing public through the medium of |
advertising, may be made to sell SO
fast as to amaze its own sponsors, |
and by the same token the publicity |
given Newark real estate by the |
leaders in the business here has had |
much to do with the sustained in
terest taken by investors in the realty |
development of the city.
The motto of the far seeing real es-
tate men of Newark has been 1--WE
have something good to sell and we
+O a hnI1t it ~ Thorp |
have been many of these men, some
working in one way and some in an
other, but all focusing upon one CEN
trail point, the general real estate de-
velopment of the city.
Prominent among the leaders in
this effort have been the four gentle
men at the head of the Clinton Park
South Land and Improvement Com
pany. with offices at 800 Broad street.
This company was formed a few
years ago by former Sheriff George
Virtue and S. B. Harrison, of the
well-known Market street furniture
firm of e. A. Kirch & Co. Later Ed
win A Kirch and Joseph T. Harrison,
brother of S. B. Harrison, entered the
who, with George Virtue,
now comprise the board of governors
of Clinton Park South, being also the
sole owners of the property.
Tracing the antecedents of these
four business men it is found that
of a project that almost
from it's inception placed upon the
market in the Weequahic section be-
tween 700 and 800 of the choicest lots
in Newark.
George Virtue, the president of the
needs no introduction to
the people of Newark. He has pc
culiarly tenacious grip in matters of |
principle, and his uncompromising |
stand at all times for what he be-
lieves to be right has created for him
many fast friends, and perhaps some
enemies. He comes naturally by his |
learnings towards real estate devel. |
opment on a large scale, for his
father before him saw the possibili- |
ties of Newark and as rapidly as
may be placed his savings in real |
estate. The elder Virtue was prom
inent in his day, being one of the |
founders of the Fourteenth Ward and |
a large factor in It's development. |
He was noted for his public spirit, a |
trait bequeathed to the sheriff, but |
never held public office of any kind. |
Stephen B. Harrison, the treasurer |
of the company, is a business man of |
many years standing and success. |
Mr.. Harrison was in the retail grocery |
business with his brother many years |
ago in Bloomfield. He was an inde- |
fatigable worker, very painstaking |
and always progressive. Eighteen or
twenty years ago he allied himself |
with the firm of Edwin A. Kirch e. |
Co., then established, since which |
time he has become leading spirit |
in whatever pertains to the welfare of |
Newark. His constant study is to
add to the renown of the city. Be-
sides being a valued and active mem
ber Of the Board of Trade, ne is prom
inently identified with church work,
his counsel being highly considered
by those in association with him His
whole career has eminently fitted him
to cooperate successfully with others
whose object is the general better
ment of civic conditions and the ex-
tension of Newark's development.
Edwin A. Kirch, the third member
of the board of governors of Clinton
Park South, has been established in
the furniture business nearly a quar-
ter of a century, enjoying a clientele
that has made the firm of p. A. Kirch
& Co. one of the most prosperous in
its line in this city He is a di-
rector in the Clinton Trust Company
and takes pardonable pride in point
ing to the success of the Annexed
District Building and Loan Associa-