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Show I!! The Future o f Salt Lake Heal Estate. I predict that the sales of real estate in Salt Lake City, between this day and January 1, 1908, H will reach fifty millions of dollars. EDWARD F. COLBORN. B This prediction is without revelation or reser- There are many in these parts who will scoff at the prediction and jeer the predictor; but the prediction will be justified by time, and the pre-' pre-' dictor will take care of himself. B, The fact is that two real estate booms are 'c headed for Salt Lake. These booms will meet here in the early spring and organize a "twister'' B that will shake this old town to its foundations, B and change business and residence geography so B radically that some of the boys now off on mis- B sions will need guides when they are recalled and B return home. B Anomalous as it may appear, these two booms, B while traveling towards us, are quite independent B of each other. They will not be headed off; to B undertake it would be as absurd as to try with one B human hand to ward away from Japan the tidal B waves that sometimes sweep over portions of that B fighting little island. Hj One of these booms is coming in response to B the mighty things going on here and hereabouts B to the sixty-seven millions that the Denver News fl; says will be poured out here within three years, for B1 new railroads, passenger stations and terminals, B new smelters, mills, and so forth and so forth. B1 This, for purposes of identification, we will call B! "the locally produced boom." Does anyone doubt B;j its coming? Is there anyone here with soul so dead who never to himself has said, "It is coming com-ing in 1906?" If such there be, go mark him well; he has no real estate to sell. The other of these booms, we will call "the national boom." That is coming as a repetition of history. It will riot over this land from ocean to ocean and be greater than any the world ever saw. Of this boom we shall receive our proper proportion. I wonder that the coming of this boom is not widely conceded in Salt Lake. It is, everywhere else, and I suppose it wold be here, if we were not so busy chasing droves of wild hierarchs and their young through the jungles of the Salt Lake valley. No gift of "second sight" is needed to forecast this boom; any jack-leg prophet can do it; all he needs to do is to read a few pages of ever-repeating history. Real estate booms and financial panics have always al-ways been close together first the boom, and right after it the panic. In 1834-35-36, there was a great real estate boom; in 1837 there was a panic; in 1854-55-56 there was a great real estate boom; in 1857 there was a panic; in 1870-71-72, there was a great real estate boom; in 1873 there was a panic; from 1888 to 1893 there was a great real estate boom in the United States; in 1893 there was a panic. I call upon many of my readers to witness that the one was a drunken revelry of speculation from land's end to land's end, which caused villages to spring into cities and to almost double in a night; and that the other was the most sobering, sad and devastating stringency that ever made paupers of millionaires and suicides of the heart-broken. We only stepped on the tail of that boom here, be cause we were too darned sleepy to discover it in time, but still our sales reached about fifty millions mil-lions and a whole lot of clever strangers came here, and squeezed out three or four profits and then handed the bag to the newly awakened Salt Lakers to hold. But we got all of the succeeding panic, and it stayed with us for several years. Ah, me! that was nearly thirteen years ago thirteen years of waiting and grief. According to the panic time table established by history, the next panic will be due about 1910, and if history is to repeat itself, it will be preceded pre-ceded by another real estate boom, which, as a matter of fact, is already well started. Farm lands in Kansas, Nebraska, the Dako-tas, Dako-tas, Idaho, and in act all over the middle states and the middle west, are selling rapidly and have doubled in value. The cities on the Pacific coast are all aboom; and in Los Angeles they are almost al-most selling dirt by the pound. The boom now is only crouching, but in 1906 it will spring and fasten itself upon every city and town and hamlet in the land. In the west it will rage with the wildest fury. Did I say in the west? Yes, I did; but -there is no west except the vanished west for the east, as we commonly understand it, is pouring pour-ing its treasures into our mines and smelters and laying down railroads over our mountains and deserts, and that farther east China and Japan under the spell of the American commercial spirit, is sending us tribute over the Pacific. What will these united booms do for Salt Lake? Well, since I have parted the veil that hangs ever the future, I'll tear it entirely away and tell you. It will begin the decadence of Main street, and the growth of State, East Second South-and South-and East Third South as retail thoroughfares. It will improve West South Temple and West Third South all the way to the two great passenger stations sta-tions they will lead to. It will put viaducts on the west side and fill the trans-Jordan country with IS ; the homes of workmen and the sounds of fac- I ' tories. It will build moderate priced homes off I to the southeast for miles. It will bring about the f ; paving of many residence streets and the laying l down universally of walks. It will cover the benches with beautiful homes, and on the ashes of : our hopes, in dear old, sightly, smokeless, health- ! ful, sun-kissed, unappreciated Popperton, it will ' build the stately homes of millionaires. It will do " more it will put a modern street railroad in the place of the relic of antiquity now rebuilding; it will erect twentieth century buildings to frown down upon the "doby" and saleratus structures now maintained for rent-reaping rewards in our Vighest price business section. It will do many other things and, best of all, it will sound the deathknell of the nerve destroying, soul sickening . "Utah fight," which has fed like a vampire on this ; fair state for two generations. I say, let them come the booms the sooner, the better for us |