Ogden Evening Standard | 1910-11-01 | Page 4 | Money for the City's Growth

MONEY FOR THE CITY'S GROWTH. The large insurance companies hare decided that Ogden is an inviting field of investment. This is an important decision for this city with its wonderful natural resources, a great part of which is yet to be developed. With half a million of outside money put into buildings on Hudson avenue, and the local money that would have gone to build up tho avenue placed in modern cottages in the residence district, Ogden would begin to assume the position of importance its natural advantages have marked out. i By virtue of the fact that Ogden is self-contained and finan-daily finan-daily independent, but little outside money has entered into the growth of the city. There were large outside holdings in Ogden' prior to the panic period of 1893, when the whole country went into liquidation. Since then local investors and the people generally have been buying back every foot of land of the absentee landlords until today there is less foreign money invested in Ogden than any city its size in the United States. This is an expression of the faith which the people of Ogden have in their community and should prove one of the most inviting conditions as viewed by prospective investors from elsewhere. The city is growing so rapidly as to demand some outside money and the time is opportune for that assistance which is about to be given by the big lenders, the insurance companies.