| Show CITY OF HOMES This Best Evidence of Stability and Solid Prosperity Says F E jVIGurrin Old fogylsh Is the term usually applied ap-plied to Salt Lake City in regard to real estate matters Circumstances which In any other city would cause a boom scarcely cause a ripple here With two new railroads under actual construction construc-tion one connecting the city with the Pacific ocean and the other with Denver Den-ver it would be but natural to expect a lively real estate market Such however how-ever has not been the case in Salt Lake City There has been very little speculative buying of real estate here during the past year Real estate has been bought only for actual use and as needed for homes or business pur poses Tills old fogyishness however distasteful dis-tasteful to the real estate speculator and boomer Is the best thing for the average man who wants to get a home I prevents feverish activity with its consequent reaction It means a constant con-stant steady growth and Improvement with prices regulated by the only correct cor-rect standard what It is worth monthly month-ly for actual use I enables a buyer to get a home for what It Is reasonably worth to borrow a part of the money and repay it gradually and all the time have the satisfaction of seeing the property steadily increasing In value Threefourths of all the transactions or the year have been In the getting of moderate of homes by peaoplc moeIerntc means mostly on the installment plan Money has been easily obtained on such security as lenders have learned by experience that such properties afford af-ford the very best security In this way men of moderate means have been enabled to get new modern homes and by l setting aside what they would otherwise pay as rent and improving the lot by the growth of trees and shrubs gradually but surely become independent In this way Salt Luke City is rapidly becoming a city of homes which is the best evidence of the stability and solid prosperity of any city F J3 MGUKRIN feels of the collapse of this boom did great harm still it also had its good effects I was the means of starting the city toward modern Improvement t and gave to Salt Lake metropolitan pretensions The first paving was started the waterworks system greatly Improved and extended and an electric street railway rail-way system commenced which today I compares favorably with that of other cities During the boom real estate values became greatly Inflated and altogether fictitious and values in a short time after the collapse of the boom foil in many cases fully 75 per cent However Salt Luke City came through the hard times following In much belletr shape than most cities of the country there being no bank failures and very few mercantile failures of any account The growth of the city up to within three year ago was slow and real estate values remained about the same as they were right after the boom After this lime the city started on anew 1 a-new and substantial growth and from a sold and substantial basis With the wonderful growth of the city during the last five I six years values of the better class of real property prop-erty have gradually increased and Continued on Paso 30 WHAT REAL TV f1EN SiY Continued from Page 2S surely will continue to increase with the present rapid growth and improve I nent everywhere observed Surely the future of Salt Lake looks bright and prosperous The center of n wonderful and immense mineral country coun-try which Is becoming the greatest melting center of the West immense deposits of coal and Iron within easy distance a grand farming and stock rang country tributary and subject to Salt Lake which with Government aid to irrigation means more than double dou-ble Its present area new railroads now buIlding more hound to follow new depots and new shops to be built at once and last but not least Salt Lake Is the best educational center of the Vest Surely here Is a combination bound l to win I All that Is necessary to Insure fu ure greatness and prosperity Is harmonious har-monious work for the good of Salt jake City Let us keep our troubles to ourselves ny much as possible and dvertlse continuously to the outside vorld only the brighter side This should keep us busy and we will get the right results and make of Salt Lake the greatest city between Chi ago and the Western coast E J WILLS |
