Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-01-25
DEAN OF CHICAGO REALTY MEN
TALKS OF NEW TOWN AFTER
TRIP OF INSPECTION.
IDEAL PLACE FOR RAILWAYS
PACIFIC COAST TERMINALS
Sees Great Future in New City on
Sunny Coast-Has Deep Water Navi.
sation-visws Embody Judgment OF
Man Who Knows What coquitlam Is
and Will Necessarily Be.

VI
sometimes been referred to as the dean
Of the Chicago real estate profession,
also ex-president of the Chicago real
estate board, and who is known all over
the continent as judge of real estate
valuations and conditions, and espe-
cially such in regard to railway prop
critics and properties affected by rail-
ways, has recently spent some days
studying conditions in the Vancouver
metropolitan district. One day was de-
voted to an inspection Of the Canadian
Pacific coast terminals at Coquitlam,
and incidentally the surrounding prop
critics.
In regard to the railway company's
choice of Coquitlam for the location
Of it's Pacific coast terminals and
shops, Mr. Getchell says: In the first
place a glance at the map, and a few
hours study of the topography of the
country tributary to Vancouver along
the main line of the Canadian Pacific
railway shows that the engineering de-
partment Of the railway. if competent,
could not have hestitated moment in
the choice of the location of these
terminals They had logically to be
at Coquitiam and nowhere else, and |
might say in passing, If I can do so
without offense, that the Vancouver
real estate brethren overlooked a good
bet when they did not corral this prop
erty seven or eight years ago because
it was as certain as night follows day
that the railway company as soon as
business had expanded sufficiently,
would have to go to Coquitlam.
The railway company was especial
ly fortunate in being able to locate it's
terminals at about the right distance
from Vancouver proper at place that
has the facilities of deep water naviga-
ton This enables it, II it chooses to
do so in the future to make its termi-
nails even more efficient than it other
wise would be by using them as the
basis Of DETECTION Of a great deal OF
traffic trans-Pacific bound that would
otherwise have to crowd into the small
terminals in the city. What mean is
the possibilities afforded by the mag
nificent fresh water harbor Of the Pitt
and Fraser rivers for shipping. There
is no reason in the world why all the
grain and all the other bulk commodi
ties handled by the C. P. r. for export
should not be loaded directly into the
ocean going vessels al Coquitlam.
have ascertained that there is no i'm
pediment to navigation on either the
Pitt or Fraser rivers amounting to
anything when confronted by conlpe-
nd nj n
observe that the government has al
ready taken care Of the channel In
these two magnificent streams.
In my experience I have found it
almost an invariable rule that where a
railway company locates it's terminals
and shops, that is. 70 umight say its
own private factories. factories in
tended to supply the general public,
! generally follow its example and estab-
lish themselves in the same neighbor-
| hood. In the case of Coquitlam,
might say that the precedent Of the
railway company will be followed be-
cause there is no question that the in
ducements which brought the railway
| company are even stronger with re-
| spect to general manufacturing COM
| panies You have both rail and water
! transportation, a large extent Of level
! land-which is an almost absolute re-
quisite for industrial locations, and
that land is being ha1dled for the in
! terests Of the factories instead of the
| interests of real estate men. So far as
| I have been able to inform myself. CO.
| quitlam is the only portion of the Van
couver district where ideal sites for in
dustries are being sold by the present
owners at nominal costs that have no
relation to market value, for the pur-
| pose Of insuring industrial sites at Co
uuitlam at reasonable prices. I am
| told that water frontage at Coquitlam,
which according to the speculative
market is easily worth $4,000 an acre
is being delivered to actual enterprises
at one quarter of that price"
THE abundance of cheap hydro-elec-
! trio power provided by two great cleo
trio companies, and the fact that one
of these is the Western Canada Power
| which has stated that it regards Co
quitlam as it's own particular pet, is a
/! factor CT great importance in the
! growth OF the new town. The Western
| Canada Power Company asserts that
they are now delivering and will con-
| tinue to deliver electric energy at Co
uuitlam at price as low as lit can be
obtained anywhere else on the conti-
nent. For industries requiring coal the
town is advantageously situated as i.
| has direct water transportation with
the great coal mines of Vancouver
Island
There is another advantage at CO.
uuitlam which altho not much talked
Of now, will amount to a great deal in
the future in my opinion. When bet
| ter means of transportation is provided
between Vancouver and Coquitlam,
believe that the st. Mary's hill district
| in Coquitlam with its access to the
waters of two rivers and the magnifi-
cent Pitt Lake, with its commanding
view up and down the Fraser river
valley, and its cheap homesites, viii
become the center Of a suburban com
munity whose business will be largely
in Vancouver rather than,in aCoQuitlan
itself. ~
Jan. Is, 1913. -
The above conclusively shows thai
Coauitlam is meritorious proposition
in every respect-shows that 1t is moi
in a class with the ordinary townsitei
used by unscrupulous promoters t.
mulct the ptau;sS. 5-g-7s
Three to five years from now art