Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1916-04-02
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While the movement of real estate
mas been steady, from year to year
with gratifying increase In values
in every part Of the city, the activity
OF the past few months las exccllcd
any previous record OF a like period
in the history OF Albuquerque.
SIN, there is no accommodating APP
nroXlmating a boom The purchases
made have been by people or corpo-
ratlons wanting the ground Tor build
Ing purposes, Every available resi-
donoe- certainly every desirable resi-
denee--in this city Is occupied or is
only temporarily vacant What we
mean To convey IS that the residences
Of the city are filled and there is a
demand for more houses in which
people can live with comfort
There has been an astonishing
amount of building during the past
year. Residences of the better sort
have gone up in every section Of the
city Far more than the usual num-
Der Of small farms and trucking and
fruit places have been bought in the
rich. irrigated valley adjacent to the
city.
Il is safe to say that Albuquerque
has had more than 25 per cent
growth since the last federal census,
and the growth Is now far more rapid
than at any time during the past five
years.
New business buildings have been
erected or are in process Of erection,
and ground has been bought, at an
average Of $1,000 per front foot. for
other buildings. Nothing is being
built in the city that is not demanded
for immediate use
Albuquerque is now the commercial
metropolis Of the state Of New Mex
leo. and this state, long retarded is
now coming into its own. Not only
is the state one Of the greatest Of the
stock growing areas, but il Is taking
high rank in the production of coal,
copper and gold. Water power, in
addition TO that used for irrigation.
soon Is 10 he developed and railroad
building is practically sure to feature
the development Of the state IN the
near future.
Whatever is done in these lines, di-
rectly or indirectly, benefits Albu-
querQue.
But one of the most important
sources of development is because this
city is recognized as probably the fin
est health resort in the world.
lktHi estate nus UftH NUt UbStS VI
the great and permanent wealth OF
the world from the time of Abraham
to the present. With the constant
increase Of population, the opportun-
ity for men 30 own and eall their own
any piece Of Gods footstool has be-
come more difficult and correspond
ingly expensive.
New Mexico is the last west. 1t is
orderly and peaceful. What 1t lacks
in cultivahle lands is more than made
up in the excellence of its climate and
in the untold stores of minerals under
the ground In the course of time,
and that time is not far distant, this
part Of the United states is destined
TO become a great hive of industry not
unlike PENNSYLVANIA. Where there is
fuel and water, manufacturing is
bound 70 come. sooner or later.
or the latest development in the
whole Of the United States, when the ,
d0tural resources Of other sections Of
the country have become depleted. !
IS hen she Pacific coast cities and coun-
Try side have been densely populated.
then the wonderful stores Of New ,
Mexico will be requisitioned for the
Of mankind, and the time
II that reQuisiuoning is not far dis
Iant.
The grandfethers-nay the fathers I
of men now living saw this country
when there WAS only "a settlement
4iong the Atlantic coast aud in New
Mexico. and the entire white popula-
ion Of what was then the United
states numbered not more than 2. 600 }
700 The population of the United !
states exclusive Of tho territory 81 I
Alaska. the Philippines and Porto !
Rico. now is estimated at I0S, GOO. 600, )
These facts tell their own story.