El Paso herald. (El Paso, Tex.) 1901-1931, 1920-12-15
TOWN WITHOUT AREAL ESTATE
MAN OR A JEW is A DEAD ONE,
SAYS COLES: ASSAIL S GAMBLING

Of the national real estate board. was
guest Of honor at the dinner and
made arrangements for the visit here
on Jan 6 Of Fred =. Taylor Of Port
land, Ore, national president.
Rousts Juare1 Gambling
II FL Paso was once a suburb OF
Juarez the situation is now reversed
in the opinion Of A. P Coles, one of
the city's oldest real estate men in
point OF service "Juarez." Nr. Coles
declared. lis not much Of an advan-
tage TO FL Paso.'
.sThfs city does not vunt n den
Of robbers and pic<pOchets for n
ueiEhhor. hope the new govern
ment viii clean the place up and
have confidence there will be i'm
proFement-
I'VE cant afford TO have people
come 20 this city and get robbed all
the time as happens so frequently
across the river"
Then Mr.. Coles turned on his own
profession. He said that dishonest
real estate men hurt the business and
the city Il have been in cities said
the realtor, where / was warned 10
keep away from real estate men
have never heard that warning given
here There has been a change here.
ct takes n real estate man and
n Jew to build any town show
me n town that has no real estate
men and no Jews and III show
you n dead town.
Mr.. Coles cited the instance OF A.
Schwartz, president Of the Popular,
and quoted the story in TUESDAYS
Herald about Mr. Schwartz as show
ing what a man who was honest and
Industrious could do
Success For Any HIan.
"A man can succeed. IN any busi-
ness in Ell Paso." the realtor went on
But IL you viii examine the facts
will r|HunnIH-nH HnrH of #nn
men who have made their fortunes
here have done IL in real estate. Real
estate does not fluctuate here. Its
value goes on up with the growth in
population. It also takes manufactur-
ing TO make a city.
This Is an ideal location for new
Industrial center, because Of its dis
lance from other centers and its re-
lation 20 Mexico. But We have got 20
help infant industries grow. I re-
how hard il was once TO
raise a few thousand dollars to get
2 few OF our now profitable indus
tries started Now the best invest
ments many Of us have are right in
these same industries.
Own a Home
NO man has a right 10 live IN El
Paso 10 years and say he does not
own his own home II he doesn't
something is wrong He hasn't saved
as he should And no real estate man
has any business selling other people /
property here il he doesn't demon /
strate his faith in the city by owning f.
some himself
Property values have increased
in 10 or - years by at Ienst 100 J.
percent. Buying real estate now
isn't n gambler it's an Investment.
II e. the man who bought IN the
early day and helped build the
town who was the chance taker.
III tell you we owe lot Of credit /
70 some Of these old fellows who I
adhered the city
Take J. Fisher Satterthwaite. for
There is one OF the grand /
I'd men OF FL Paso. am in favor Of ]
recting a monument 10 him"
Figure on the Future.
Mr. Coles told the real estate men j
hat any realtor who merely chased /
he nimble dollar made a mistake.
We have got to figure on the future
nd make our customers satisfied IL I
re expect TO prosper and make the
own really 60" he said and an
Their thing, we have got TO help the
armers in this valley. II they doa't
lake a profit we are not going 10.
1T Is a crime to take man
down this valley and put him on
n piece OF land II ne can't make
anything out Of it. 4 am in favor
Of getting the taxes OF these farm
ers reduced BY n half or At least
n third.
''The burden Is too great for them
ow- More, I am in favor Of getting
heir water rates reduced If we can
hope the president viii name a com
iittee TO look into that
President George r. LeBaron said a
would be named TO work 10
nat end.
How Values Have Grown.
W F. Payne was another speaker
no told OF what Vhe possibilities
ere here by citing examples OF what
ley had been He said that about 80
ears ago when he was IN the grain
1siness a man owed him $500 and
luld not pay IT, The man owned a
Il Of land in what IS now the Alex
ldria addition
Ike offered me 100 lots OF this land
SO a lot, his account to be credited
r the sum due me out OF the sale.
T. Payne said. Il refused It. I had a
lance once to buy the corner where I
le Elite confectionery IS now for
800 and could not see IL. Not long
.e First National bank 10 pay $780,
10 for the same property Il
Predicts Big Population.
h 3. Stevens predicted that in 1888 &
Paso would have 10000 population s
ID that in 1870 the city's population
ouId be 900, 700. This, Mr.. Saevens
i'd, he based on figures for the past :
years. which had increased at an !
varying ratio. Real estate values
III keep pace with this growth, in Z
e realtors opinion. AS a sample Of
atty value Increases, At Stevens
I'd the Elliott corner at Texas AM q
-egon. which recently sold for Sl40,- 3
Ell O,,t With PoncilZl