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Show tmiIMrv(WA. ...... .' - " BRING INDUSTRIES TO CITY Wideawake Communities Realize the Value of Having the Beat of Civic Institutions. ' i "Industry has come to recognize the commercial value of good schools, good housing, good planting, good churches and good health," B. Letcher Lambuth told fellow realtors at an Industrial In-dustrial property conference at the national real estate convention In San Francisco. . ; "All of these," Mr. Lambuth said, "are safeguarded In the model Indus-, trial city. Gary schools are not only model educational Institutions ; they are a profitable Investment, as far as the steel corporation contributes, directly di-rectly or Indirectly, to their construction construc-tion and maintenance. I "Cities of this character are sometimes some-times built to house the labor of a great Industrial corporation, as In thr case of Gary and Granite City; some times to develop business for a rail road, as In Ktngsport, Tenn. Equal G greater, perhaps, In magnitude, at though differing In scope, are the central cen-tral Industrial district and the clearing clear-ing Industrial district in Chicago and North Kansas City, Mo. "Each of these, and many others with which I am not familiar, are major real estate operations which, in the end when properly designed and administered, will rlvnl In Interest and sometime In profit the original operation opera-tion which they were designed to supplement sup-plement and serve. "Their great Interest lies In the fact that they Isolate and demon strafe the factors which make for the success of commercial and Industrial cities. "Permanent and productive Industry is a combination of capital, labor and management Management selects a location where raw materials may be assembled, manufactured and marketed mar-keted most conveniently and profitably. profit-ably. Commerce and business serve Industry. "Cities are trade centers, points where raw materials may be assem bled, manufactured and marketed wltt the greatest convenience and economy There capital an! labor and manage meut congregate. "The prosperity and growth or cities depend upon their ability to attract at-tract and sustain business, commerce and industry." |