Cayton's weekly. [volume] (Seattle, Wash.) 1916-1921, 1919-12-27

to have done so then as now and the
spirit to get the dirt abided with them
until now, it is safe to say they would
have by this time owned in and about
Seattle not less than ten million dollars
worth of real estate. You doubtless think
this an exaggeration, but the reason YOU
think so, if think so you do, is because yo,
have no idea how many colored persons ac
quired titles to parcels of real estate in
Seattle last year.
The colored man, as rule is not com.
mercially inclined unless he has large num-
bers Of colored citizens to draw upon for
trade and this seems especially true of
those living in Seattle. They however,
have kept a watchful eye on the JAPAN
csc of the city and after comparing the
Japanese with themselves they were not
favOrably impressed with the commercial and
financial progress they had made and this
seems to have been the moving spirit that
drove them into the real estate market. for
be it remembered, they have purchased as
much real estate as a business investment
as they have for actual homes. Even
much of the resident property that have come
into their possession is now rented and
will continue indefinite so far as they now
know. Real estate, in Seattle is more val
liable to one Of moderate means than Like
amount of money invested in bank stock
For an example colored man purchased
a business corner and paid $4,000 for the
same. tie is receiving about 800 per
month rentals for the place, which is poor
~ improved, and at the expiration Of the
present lease hold the same property will
bring a monthly rental of $780, No bank
stock would give like dividend on the
actual cash invested. It stands to reason
that the colored person Of limited means
will do better to invest his or her money
in real estate than in even high class Sc
curities. Buy the dirt and you wont get
hurt nor break the locket that's in your
pocket.
Speaking about colored persons buying
real estate in Seattle I talked with P.
Frazier, Seattle realty dealer and he
said Il, perhaps, have sold to about one
third of the colored persons who have
purchased real estate in Seattle within the
past twelve months and I have sold to
forty-seven different persons, the whole
amounting to $360,125.OO, averaging about
$3.50 per tract. In addition to the sales
he has made to colored folks he has made
many sales to Jews and Japanese and on
the whole he has enjoyed a very prosperous
year.
According to the omens Hugh M. Cald.
we'll is about to announce himself a con-
didate for the nomination Of Mayor OF
Seattle and in this he is exercising his
great American privilege, but his move in
that direction had no soner been made,
when many politicians looked wise and de-
cared he was dead sure winner because he
had been over there in the service The en-
service man is deserving Of a great deal Of
consideration. when they are really deserv,
ing, but they are deserving Of no con-
sideration from that view point when they
use it as a club to knock some other fell
low out of the road that their personal am"
billions may be attained. Mr.. Caldwell is
a practicing attorney and, I understand is
doing well in his profession, which takes
him out of the dependent class In plain
English Mr.. Caldwell should not be given
more consideration than Mr.. Fitzgerald be.
cause the former has been to war and the
latter has not been T believe Mr.. FitZ-