The Detroit times., 1913-05-06
Thousands OF Happy and Con-
tented Families Occupy Homes
he Has Constructed
MORE THAN 500 ARE ON
FISCHER ANDCRANE-AVES.
Development Of This District
Has Been Remarkable in
Past Five Years

deavor on the parl OF DetrOits build
ers and real estate men one OF them
Is Henry s. Koppin. head OF the firm
OF H. 5. koppin 4 Co. with Offices in
the Breitmeyer building Broadway
and Gratiot-ave. He put his faith
energetically in the city when he cast
ais lot IN the field OF activity in which
ne Is now engaged. having lived in
Detroit all his life. tie began build
ing modest houses while he was con
nected with Il manufacturing concern
and today he can view hundreds OF
homes which lac has constructed and
which Is convincing al once that the
confidence he has had in the city =
future has been well placed. He is
ittingly called "Michigans greatest
home builder
Mr.. koppin made Il possible for
workingmen TO own their own homes
on the easy payment plan. years ago,
and he points TO the fact that every
home he has sold can be disposed of
today al comfortable profits. With
the rapid growth OF Detroit. after the
automobile industry became a fixture
in the city's business life, there was
great demand for medium-price
homes Thousands OF workingmen
were fiocking here from all sections
OF the country TO become part OF the
great wheel OF commerce Mr. Kop-
pin. equipped with a wide experience
in the building line. worked energeti-
cally. He constructed homes AS fast
as possible and today every house
that he has completed is occupied and
families are waiting for others to be
finished. The price of these homes
ranges from 81 500 10 $1,000. The
lower price ruled when materials and
labor were not as high as they are
now. About $500 would be added TO
this type OF house II II were con.
strncted today.
A Times writer visited Fischer and
Crane-aves.. where the Koppin firm
has built houses as far as the eye can
see from Gratiot-ave. There are up
wards OF 500 homes on these streets.
which years ago were wilderness OH,
the outskirts OF the city OF Detroit
proper Long lines or houses. occu-
pied by happy and contented families.
and many others in course OF con-
struction. many OF them occupied be
fore the finishing touches have been
put Oh, are striking indication Of
Mr.. Koppin's operations In this sec
ton. The reporter inspected the In
terror OF several OF these houses,
which are typical OF the general style
Of koppin home building. and found
them furnished tastily and represent
ing everything thar is essential to the
happiness OF the occupants.
The Times writer next visited
Field and Sheridan-aves.. where Mr..
koppin has built and sold two solid
blocks OF homes. These. tSo. are Of
the medium price type and are all CO.
cupied by people OF the middle sub
stantial class Lawns that are cspeci-
ally attractive, streets that appeal TO
The most critical and general APP
pearanee OF well-being are essential
. features of the Koppn homes on the
great east side, where he has won
and held the confidence OF thousands
OF clients. His operations have eX-
tended not only on Fischer, Crane,
Field and Sheridan-aves, but in many
other districts on TIE east side. lie
IL now building 60 houses on Fischer
and Crane.aves.. well over toward
Mack and where the Forest-ave car
line will pass when extended and has
houses In course OF construction In
many other sections OF the east side.
Conducted as II has been the Kop.
pin business would continue TO grow
and the net earnings to increase, but
Mr.. Koppin sees a chance TO do more
and has launched a plan which Will
make many OF his patrons who have
bought homes from him his partners
In the future.
Henry s. koppin, as said else
where, Is Young man. He is full RI
energy and has the ability TO go with
IT, Individually and as a member and
manager OF the company bearing his
name. he has made almost $500 900
In nine years. In the same period he
has had TO make a great deal for
others, and he proposes to keep ii all
In the corporation.
In building operations as extensive
as his have been the need. OF ready
money has been great. To secure 1t
he has sold the contracts at dis
count or traded them in on the price
OF lots.
This has been an expensive thing
said Mr.. Koppin, when discussing his
plans for the future. and ] have
thought out plan whereby others
viii share with me. II have the
ready money TO carry on the building
| do not need TO sacrifice on the con
tracts. Also, | can buy materials and
real estate at better figure. When
| turn In a contract on lot. as
sometimes do. | am paying the full
value of the lot IL went To the man
with the cash would secure il for.
much lower figures
Our company was incorporated on
Jan. | last, with a capital OF $500 900.
and now we propose TO place 100000
of the treasury stock on the market,
the balance OF the issue 10 represent
the real estate holdings leases and
contracts which ] now have. This
stock we intend to sell at $40 share,
so that anybody can buy 1t. and at
the-rate the business has been going
1t VIII earn 20 per cent. and upwards
for the stockhoider and also accumTi-
hte a liberal surplus.
u know this sounds like a get-rich-
quick echo, but II is perfectly logical.
and the books OF the company-show
that We now are making more than
20 per cent. With the added capital.
which will allow us to save discounts
and buy for cash. we can do still bet
ter. Anybody who buys stock and is
not satisfied can have par value back.
which Is fair enough.
L.