Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1912-02-15

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<Copyright. 1910. by the Kew York Herald Coz
Copyright. 1910. by the Macmillan Company
establishing ferry system with mod
-ern up-to-date boats? Why, folks will
want to live over on this side. Very
good. They'll need land on which to
build. SO, first | buy up the land.
But the lands cheap now. Why? Be-
cause it's in the country, no electric
roads, no quick communication, no
body guessing that the electric roads
are coming. I'll build the roads. That
will make the land jump up. Then
Ill sell the land as fast as the folks
will want to buy because of the i'm
proved ferry system and transporta-
ton facilities.
"You see, I give the value to the
land by building the roads. Then
sell the land and get that value back,
and after that, there's the roads, all
carrying folks back and forth and
earning big money. Can't lose. And
there's all sorts of millions in it. Pm
going to get my hands on some of that
water front and the tide-lands. Take
between where I'm going to build my
pier and the old pier. It's shallow wa
ter. / can fill and dredge and put in
a system of docks that will handle
hundreds of ships. San Francisco's
water front is congested. No more
room for ships. With hundreds of
ships loading and unloading on this
rio MT 40 of
three big railroads, factories will
start up over here instead of crossing
TO San Francisco. That means factory
sites. That means me buying in the
factory sites before anybody guesses
the cat is going to jump, much less,
which way Factories mean tens of
thousands of workingmen and their
families. That means more houses
and more land, and that means me,
for I'll be there to sell them the land.
Then there's the water. I'll come
pretty close to owning the watershed.
Why not the waterworks too? There's
Two water companies in Oakland now,
lighting like cats and dogs and both
about broke. WHAT a metropolis needs
is q good water system They can't
give it. They're stick-in-the-muds. I'll
gobble them up and deliver the right
article TO the city There's money
there, too-money everywhere. Every
thing works in with everything else.
Each Improvement makes the value of
everything else jump up. It's people
that are behind the value. The big
ger the crowd that herds in one place,
the more valuable is the real estate.
And this is the very place for crowd
to herd. Look at it. Just look at it!
You could never find finer site for
great city. All it needs is the herd,
and I'll stampede couple of hundred
thousand people in here inside two
years. And what's more, it won't be
one of these wildcat land booms. 1t
will be legitimate. Twenty years
from now therell be a million people
on this side the bay Another thing
is hotels. There isn't decent one in
the town. I'll build a couple of up-to-
date ones that'll make them sit up and
take notice. / won't care If they don't
pay for years. Their effect will more
than give me my money back out of
the other holdings. And, oh, yes, I'm
going to plant eucalyptus, millions OF
them, on these hills"
But how are you going to do it?"
Dede asked. you haven't enough
money for all that you've planned"
1--WE thirty million, and if need
more l can borrow on the land and
other things. Interest on mortgages
won't anywhere near eat up the in
crease in land values, and I'll be sell
7ing land right along"
In the weeks that followed, Day
light was busy man. 1t meant quick
work on a colossal scale, for Oakland
and the adjacent country was not
slow to feel the tremendous buying
But Daylight had the ready cash and
1T had always been his policy to
strike quickly. Before the others
could get the warning of the boom, he
quietly accomplished many things. At
the same time that his agents were
purchasing corner lots and entire
blocks in the heart of the business
section and the waste lands for fac
tory sites, Daylight was rushing fran
chises through the city council, cap
turing the two exhausted water COM
panies and the eight or nine indie
pendent street railways, and getting
his grip on the Oakland Creek and
the bay tide-lands for his dock system.
The tide-lands had been in litigation
for years, and he took the bull by the
horns-buying out the private owners
and at the same time leasing from the
city fathers. BY the time that Oak
land was aroused by this unprecedent'
ed activity in every direction and was
questioning excitedly the meaning OF
st, Daylight secretly bought the chief
Republican newspaper and the chief
Democratic organ, and moved boldly
into his new offices. OF necessity, they
were on a large scale, occupying foul
floors of the only modern Office build
ing in the town-the only building
that wouldn't be torn down later on
as Daylight put it. There was de
partment after department, a score o.
them, and hundreds of clerks ant
Stenographers. AS he told Dede:-