The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1916-06-14
BAYS CITY
TWILL KEEP
III GROWING
fedicts Million Mark
Will Be Reached
Soon
REALTY BOOM
WILL CONTINUE
i. "A. Jones Tells Sales
y Agents They're In
4 Professional Class


I41.
Nothing VIII impede Detroit
< rowth. and in a few months time
10 population will have reached z
|nojllion says C. NJ. Burton, city his
Merriam. who spoke on THE growth
g(E the city and what il means 10 the
F<onl estate dealer" before the sales
Gorts Of II. A Jones CO.. in the
q u1Ier roof garden, Wednesday noon
1T was not long ago that the real
6tate dealer lived by his wits, and
4hen not engaged in trying 10 en-
ompass a real estate 'dicker' was
Imposed to be engaged in soble 9th
t sort OF swindle. This. say, was
~ Eenerally conceived idea Of a
I'll estate agen, in the long ago.
sTbere has grown up in this city
great class OF men and women who
- experts in selling real estate.
<nd The business has almost chang
y from a vocation &c profession.
~sOniy once ir the history OF De-
oi4 was there a time when the
hnsus did not show a marked in
koase over the preceding one. That
~ after the war of 1872, when
my people we're driven out, and
rved TO the eastern states. The
nslish captured the city, and dur
- the period of depression many
oeed away.
sDopressicns also occurred after
- imitation OF 1886, 1857. 1873. 1892
" 1907. After the war OF 1912, the
Gulation gained Immediately. and
le3z reached 2,222. In 1884. IL
Sounted to 4,973, and 10 1886, 6.927.
Affairs are bringing about great
1nnge In the city and The state at
-
11R. Burton delvcd deeply into
- of the recent estates values,
living how property prices have
Vonced In a measure commensur-
~ WIN the increase in population
tcld Of one prediction not many
80 ago that Detroit would have
ooo.o geo people in the year 1000
boreas that figure has practically
- reached today.
Untll 1885," he said, most OF the
- business was transacted on
1870 below Jefferson-ave. That same
6nr CadiIIac-sq. was selected for
~ city hall and market. II was
- far out Of the business district,
VI probably was chosen for econ
xt's sake.
The city gradually grew north
nen. and. In 1886. the National ho-
vas erected on the present site
~ Pontchartrain. In 1882. the
rHv limits were extended east TO
>o)nds Brush. Beaubien. Moran.
16ord and Mullett-sts., and the city
o1ually extended in that direction.
IA 1856. that land south Of Lar
LIT, near the Cass farm was
~11ed IN, and the tract was divided
S fAr g Michigan.ave. in 1886.
Then followed period Of de-
goosion that lasted several years
3Lhoro were many failures, among
kom being that Of Antoine Dequin
-. His farm went to his creditors
s II because of delay in the distribu
+ III Of his assets. all creditors were
tiofod by the sale Of parts or the
Nm from time to time and there
nj remained q substantial estate
De his children.
sDuring all these periods Of de
Dssicn real estate held its own.
And despite the depression o
70 and the succeeding years. tn
Dulation grew enormously. II wa
I'm 1910 TO 1914 that real har'
$3.50 were felt. The fire OF 1S4
es3ed away nearly all Of the bus
1900 section east OF woodward
- The town was quickly bull
ana years Of prosperity followed
r. was accomplished during tn
- q the Civil war. but after 1870
fneos Increased rapidly. Their
- m abundance OF paper none,
"a IN over-production Of II. II pre-
mated the panic Of 1878. Jay
6bke OF the Northern Pacific failed
II year. Real estate fell with
FER commodities.
AFTER 1879 conditions grew worse
- worse In real estate. and Il was
LIZ 10 years before there was a
6c11ed revival"
Il II. Burton reviewed building oper
11ons from the early years TO the
pooent time. Buildings cut MP II
Ne totsled ss7t. 900, and during the
Rowing year. sl,i22,ooo. Building
1914 amounted 20 s2s,477,0o h
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