El Paso herald. (El Paso, Tex.) 1901-1931, 1919-08-23

lA--LOog A4A- SOS9ASAD W wv
: first class office room vacant In the
[ city
These are conditions I have never
seen in FL Paso before and they speak
/ exceedingly wei for the city.
There Is also 2 great demand for
1 the purchase OF small cottages. A
| great many people however. have not
7 yet realized that Il costs at least one
I third more to build any kind Of a
I house than It did two or three years
/ ago This Is caused by the high price
/ OF all kinds OF materials and labor.
Rents VIII naturally have 10 increase
/ buildings II the owners are TO re-
ceive the same percentages OF their
I investments that they have received
Z heretofore
Prices sure TO Advance.
/ Just now there are not many large
I real estate transactions, such as there
7 have been heretofore, but prices do
not seem to have reduced on any class
I OF property. IN fact. Indications All
tend 70 the belief that prices are &C.
ing up.
People who are buying. are buying
[ for the purpose Of improving and US
I ing the property The moneyed Deo-
/ pie OF the town have put practically
all their spare cash into Liberty bonds
and stamps. and consequently there IS
very little II any speculation in real
estate The war having Just ended,
! these are reconstruction times. and II
[ IS not hurting FL Paso at al for real
[ estate 70 stand still"
\ In the opinion OF Mr.. Coles the ad-
/ vance in rents Il justified by gen
eral business conditions IN FL Paso.
I ana Is not disprOp0rIo1ats 10 the
I incomes % renters. OF 10 the volume
OF business done by business con-
Germs He said
Practically all our tenants and
/ clients report that business Is good.
We find rent collections better
? than ever before, and a great many
working people are buying homes
making reasonable cash payments
and arranging deferred payments 70
suit their convenisnce- Our valley
also vas never SO flourtshinE. Crops
OF all kinds are excellent.
No Room for Complaint.
There Is no room for complaint in
any line OF business IN FL Paso. The
banks and all lines OF business are
doing exceedingly we'll IN fact. I
have never known conditions in gen
eral to be much better than they are
row in FL Paso There IS very little
demand for money We have a great
deal of money that we are trying to
loan on good. inside security. and We
hear OF others In the same condition
But people do not seem 70 be borrow
tent
-EI Paso Is certainly prosperous.
and ] look for It to grow steadily
more prosperous, provided taxes and
other expenses can be held down SO
that Investments, not only in real es-
tate, but in all lines OF business and
manufacturing, viii pay as large OF a
larger percent than the amount OF
money invested would bring in y
loaned out at interest
- p hrrfHH
IN Fl Paso to supply the demand
Quite a number OF cottages are being
erected at present. but not enough BY
any means TO meet the Increase in
population We expect 70 ouiic
number OF cottages IN Cotton add
ton. either on Grant avenue or Boule-
ward. for sale, II we can get them
built at = price 50 We can figure on o
percent profit
7 feel that Fl Paso r. offering
every inducement possible for outside
people to invest their money here,
either by establishing business con-
Germs In the way OF manufacturing, or
otherwise
Prohibition Big Factor.
Z believe prohibition has done more
towards making FL Paso prosperous.
and to enable poor people TO pay their
debts promptly. than anything that
has happened for 20 years The im-
provement In the way people are pay
obligations Is very perceptitle- 7
know o. some poor people, who never
saved a dollar before the town went
dry. and since that time have been
able 70 save up enough to buy them
selves homes
THE people OF Fl Paso are under
lasting obligations to the county com
missioners for growing shade trees
along our beautiful boulevard run
ming through the valley to the east.
a. -
beautiful drive in the state OF Texas,
and when the trees have fully ma
tured from one end OF the drive 70 the
other. Il will make FL Paso county
famous. and VIII be known In al
parts OF the country.
There should be no delay In put
ting trees on both sides OF the road
from El Paso to Anthony n the north
valley Nothing can help a city ana
county. especially IN a country ike
shis. as much as oeautifing y WITH
growing trees along the course OF
the high roads It Is thoroughly
demonstrated that We can have me
most beautiful trees along our roads
Of any place In the state, and In 10
years from now, even California VIII
not have a more beautiful drive tnan
the one down our valley
Ell Paso Lead In PAVING.
Not another city In the state. and
probably not IN the United states Tor
a city OF the size has as much good
paved streets and roads as Fl Paso-
While this has been rather expensive
to the property owners, tt VIII prove
profitable IN the long run"
p F. Sherman. OF Leavell & Sher-
man. expressed himself upon the real
estate and building outlook Is fol-
lows:
real estate has been active here
all this present year. starting with
the beginning OF the year Even as
far back as the close G 1918, after the
armistice was signed. we had an ac-
tive demand for houses
al Paso has had steady growth
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