El Paso herald. (El Paso, Tex.) 1901-1931, 1919-01-25

, improvements viii again be under
way. A large amount Of street paving
VIII be done and new sections OF the
[ city viii be developed Undoubtedly
a great growth may be looked for in
the northeastern sections or FL PasO,
which were in the height OF rapid de-
velopment at the beginning Of 1917
when the war suddenly brought things
TO standstill
Now Is the Time to Buy.
TEL Paso real estate is a good buy
right now. Prices are at a low ebb-
lower probably than they win ever be
again. and the man with money and
nerve, who dares to play the game at
this time viii be certain TO be re-
1varded- This city has a future that
l. certzin. It is Just now recovering
from a period OF what amounted al
most to depression. and values are
most certainly going TO move upward
steadily from this time forward"
valley Lands at Good Prices.
Notwithstanding the war and the
conditions Il Imposed mere were
many who had faith IN Fl Paso and
the courage TO put their money into
Fl Paso property" said ". +. Payne.
Ny sales for the year aggregated
more than 100000. One OF the pieces
OF property sold through ny office in
cluded a tract Of 1000 acres OF valley
land TO the Ivey-I9ale company, in the
vicinity OF that concerns big cotton
plantation, near I'ornillo, In the lower
end Of the irrigated valley This land
sold for $40 an acre, which. consider
ing that the land was IN a raw state
and distant from the city. was a good
price. Another tract OF 400 acres OF
raw valley sold at $4,000.
Cotton the Crop OF the Future.
The fact that the Ivey-Dale COM
pany has demonstrated that cotton
may be grown with profit in this val
ley viii have the effect OF stimulat-
ing the growing Of that staple, now
that gins have been built and I look
for 8 steady demand for valley lands
from men who know how 70 grow cot
ton and from others who viii be will
ing TO learn and break away from the
fruit and alfalfa to which they used
20 be welded. and which made 90
many OF them fail
Looking for a Good Year.
y am looking for a good year IN real
" OF all kinds I know Of several large
sales already about 10 be brought TO
a close. MOny inquiries regarding city
property are coming to me by mail
from out OF town people. who are look I
ing this way for an opportunity to in
vest for profit though some Of the in /
quiries are from men and women look |
ing for pleasant place in which to I
establish new homes. There Is every /
indication that money viii be much {
easier than IL was last year and that 1
VIII help W e SlQul1 90 All possible 70 i
secure manufacturing plants for the
city and thus make a market for the 0
products OF our small farms. The 4
opening Of Mexico cannot be long de-
layed and that viii give Us an Impetus
which should soon land Us in the pros
perity class"
Outside Money Coming In.
At the office Of the Mckee brothers,
IL was said that they have received
Inquiries from outside people for build
ing sites for warehouses and factories.
which indicates a tendency on the part
Of outside capital to get q foothold
here in anticipation OF the restoration
OF trade with Mexico.
Some Of the best deals handled
by US last year" said 1Ir. Mckee, in
volved the bringing in OF outside
money. We intend, during the coming
year. 70 pay special attention to at
tracing men with money in the north
and east 10 what Fl Paso and vicinity
have to offer in the way Of oppor-
tunitE. II all realty men and the
chamber Of commerce would pull to-
gather IN the matter Of giving the
chances Of the city the right
kind OF publicity, where il would at
tract the eyes Of the people Of the
sections OF the country where the
money Is. FL Paso would be the largest
city OF the southwest within five
years"