El Paso herald. (El Paso, Tex.) 1901-1931, 1917-03-10
OFFERS SEVEN
PERCENT MONEY
Pan American Life May
Lend Half Million For
Bldg Tnnprovements

On all sides can be seen arrange
ments being made for an extensive
building campaign in FL PasO this
spring and summer One OF the larg-
est new buildings planned will not be
started until October.
The Pan-American Life Insurance
company has notified its local repre-
sentatives, James L Mari & company.
that the company is in the field to
loan FL Paso seven per cent money for
building improvements on business
property.
The Pan-American company. recog-
MIXING FL Paso realty as a stable Sc
curity. placed 100000 here last week
for building and expects to loan a half
million more this year. The company.
J. l. Mari says, wants to loan for i'm
proving business property only
Permits Don't Include Many Homes.
For the week ending March 9. y. A.
Comstock. city building inspector, is
sued permits calling for s1S1, 065 worth
Of building improvements. and this
does not include improvements in add
tons lying just outside the city limits.
which aggregate over S75.0c0 worth OF
new residences upon which construc-
ton work began during the past ten
days If the ratio Of $751;. 065 per week
should be maintained for the next u
600 worth of building for the year.
Booker Building to Cost s35,O0O.
L. f Booker is erecting a three
story brick building on the corner OF
to cost $4,000. The first floor will
be for stores and the second and third
floors for a hotel
\ permit has been taken out for add
ing TWO stories 70 the C2ples building
on the southeast corner of San An
tonic and San Jacinto streets. The
addition will cost s3S.0o0. according TO
the permit issued KrOeger, Mayfield
& Shaw are the contractors
A permit was issued Thursday for a
residence to be erected by J. F. Neff
on the corner Of Campbell and Cliff
streets The building will cost $500
Morgan Builds Bray Warehouse.
J. F. Morgan has been awarded the
contract for erecting warehouse on
the corner of B1rst and Ochoa streets
for Bray & company. The building
will cost S24.0
During the past week permits were
taken out for about "a bungalows and
cottages. TO cost from $500 to $4,000
each. and contractors say that 80 per
cent more homes will he built in Fl
Paso this year than were built any
previous year.
Kind of Building Determines Lease.
Owing to the fact that present leases
on the Juan s Hart property on the
corner Of FL PasO and Overland streets,
will not expire until next October,
work on the new building for that
corner cannot begin until then. The
longtime lease given by Capt Hart
provides that in case the lessee erects
q two-story the2ter building, the lease
is for 30 years; but IL the lessee erects
an eight or ten-story hotel budding the
lease will be for 80 years.
It is understood the lessee will build
two stories this year and add the hotel
building in two years.
Two Bungalows in Grand View.
The Bretz-Funk Realty company VIII
next week begin the construction OF
two bungalows in Grand View and one
in Highland Park in addition to the
residences the company now has IN
der construction 4 five room bunga-
low TO be located on lots % and "a.
block So. Grand View. will cost $500
and Will have the Los Angeles Cooler
system in it. This cooler is an ar
rangement by which the circulation OF
air is utilized. by the aid Of burlap
and Of water, to keep the refrigerator
cool
On lots and s. block 81. Grand
View, the Bretz-Funk Co, is erecting
a bungalow to cost $500
The same firm has bought lots
and s. block 80. Highland PAX. from
?. NJ Rigdon. and will erect thereon
four room bungalow TO cost $500.