The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1915-12-28
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HONOLULU SHOWS
ALL INDICATIONS
Of GREAT GROWTH
Realty Expert Returns After Ab-
Sence of Four Years To
See Improvement
MANY CHANGES SHOW
ENTIRELY NEW LIFE
Property Values Are Bound. To
Increase As City Grows In
Importance

Charles A. Stanton, president of the
American APpraisement Association Of
California and formerly Of the Kaimuki
Land Company of this city, Is in Homo
lulu after an absence Of more than four
years on the mainland, where he has
been actively engaged in colonization
work and real estate development gen
orally. He is stopping at the Young
Hotel and in the course of q eonversa-
ton yesterday he spoke of the notice,
able development of this city since his
absence
what thought of Honolulu as soon as
| landed, as 40 many of the tourists
are,' said Stanton. "I have had
chance TO look around the city now
and observe the many changes that
have taken place during my -four years.
absence. 1t seems to me as IL Homo
lulu has taken on an entirely new life.
] have never seen such wonderful
change come over a city in such a short
time.
Traflc Amazes Visitor
"Standing at the corner of Fort and
King street Saturday afternoon, watch
ing your traffic officers handle the
crowd, | was reminded of the corner Of
kearney and Market in San Francisco
during some of our biggest exposition
days last summer As / watched the
automobiles go by | recalled that your
registration number was more than
twentythree hundred, when only four
years ago you were struggling 10 reach
the one thousand mark also noticed
that out Of every ten cars that passed
there was only one Ford. Had I been
standing at the corner of Fifth and
Spring in Los Angeles I would have
seen about seven Fords out of every
ten cars that passed. mention this
without reflection on the Ford ear but
because l believe the presence of so
many high priced cars in Honolulu Is
some indication of your present wealth
and prosperity. -..' .. .".--ss''
Optimistic About Honolulu +r
eyes, am still optimistic about
Honolulu and the future in fact moro
so than ever. Just as certain as l am
breathing today, am l certain that this
city will have more than 100000 ia
population within the next ten years
and I still contend that every foot OF
residence property in Honolulu is a
valuable asset. ! say this notwith.
standing any difficulty you may have
had in the past or may have in the
future in trying to realize on your
property. You must remember that
real estate is an asset and the basis OF
all credit.
| "When you buy it with the intention
of not improving it for the income 1t
will produce you should regard it as
an asset Clear it of incumbrance and
set it aside to increase in value with
the development and growth Of the city.
Whenever there is a slack in real as
tate and you find that you cannot sell
wOur property ms readily as you expect
e', do not get discouraged and begin TO
think that your property has lost its
value.
Realty Has Permanent Value
"What the other ma will not paw
toes not affect the intrinsic value OF
land. There is no asset in the world
that has a more permanent value than
real estate Here in Honolulu your in.
creasing population and limited area
speak for themselves. The day
soon win come when your 'kaamai,
mas will wake up to the real value OF
a Honolulu bungalow In my opinion
Honolulu real estate is selling for about
twenty-five per cent of the price it will
bring ten years from now. When =
man tells you that real estate in this
city is not q good investment laugh at
him and tell him to look just little
beyond a quick turnover.
John Jacob Aston was laughed Mt
by his friends when about one hun
bred years ago he began buying the
property of the Murray Hill farms. The
land was way out of sight of the city
hut today il is located between Herald
Square and Forty second street. The
latter street is the main artery OF
crOsstown traffic in the metropolis al
present, OF course | don = say that
Honolulu is going TO build up like New
York did but in proportional growth
and me reaso of real estate value
think she will 10 as wei This is par
ticularlv on account of the limited area
New Life For Territory
1.-THE new life that Honolulu, and
in fact the whole of Hawaii, has IL
store for it is coming on the eve Of
: America greatest PROSPERITY. The
geographical position of Honolulu al
ways will make this city an important
t factor in the trade of the Pacific, tn,
development Of which is going to be 81
great and so full of surprises ia tn,
near future that | am afraid some o.
YOUR oldest settlers are going to di
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