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Show BOOSTING BUSINESS ON FINANCIAL BASIS Los AngeloB citizens who are interested inter-ested in a proposition to revive tho old business district of their city on the north sido organized an association for that purpose a few mouths ago, capitalized capi-talized at $1 a month for each member. mem-ber. The idea grew to such an extont that within tho last few days it has been virtually reincorporated with a capital slock of $500,000, under the name of tho North Los Angeles Development De-velopment company. Tn describing the work of this association, its president says: "We expect to make our organization organiza-tion one of the strongest boosting clubs in Los Angeles. This will be one of the features of the corporation. However, How-ever, our chief work will bo tho upbuilding up-building of north-end territory. We buy property, erect buildings of all descriptions, "build bridges and do everything every-thing possible to enhanco tho value of real estate in tho north cud of the city." The field of operations is so extensive and the possibilities of profitable investment in-vestment so great' that it is confidently hoped to increase the capital stock to $5,000,000 within the next year. Man of the stockholders in the Los Angeles compan' aro large property owners in other parts of the city also, but they realize the necessity of redeeming re-deeming the long-neglected "north end" from its lethargic condition: also the expediency of grouping together all city, county "and federal buildings as a necessary convenience io residents of I Greater Los Angeles, soon to extend from the mountains to tho sea. |