The Atlanta Georgian. (Atlanta, GA.) 1906-1907, July 07, 1906, Image 4

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The Atlanta Georgian., July 07, 1906, Image 4

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Newspaper Page TextTHE ATLANTA GEORGIAN. SATURDAY, JULY REALTYMEN EXPRESS CONFIDENCE IN ATLANTA PROPERTY AND RECITE EXPERIENCES TO SUBSTANTIATE OPINIONS Magnificent Growth of Past Indicates Continued Pros perity for Future and For tune Making Opportuni ties for the Judicious In vestor. Building Records Show Ac tivity in Home Purchas ing and Increase in Popu lation, While Suburban Property Is Becoming More Desirable for Home Sites—Towering Office Buildings House sands. Thou T HE ml Mtita dealers In Atlanta an rotting ml busy. Soma of thorn havo a great deal to ear about what they hare to offer In the way Of building sites, homo altea and investments. They havo eel acted tha oolumna of The Georgian In which to ezpreea an opinion of Atlanta real ee tale. Like all true and loyal cltlsens, they aro convinced that the public can not go far aatray. Three opinion! an Invaluable, oe they are the expressions '••■lag from men of yean of expo rli-nce, wide obeerratlon and careful buelncae methode, Atlanta realty hae enjoyed a eteady * healthy Increase, which hae been chledly encouraging to the moat pee ~ realty dee nlmleuc. The realty deolere have had in "re, perhaps, to do with tbla than any oilier clear of cltleene. They have made It their buelneee to "bull" the market, eo to apeak, and while they have not Inflated values, they have Keen to It that a atrong, luety and healthy condition did not droop and become alckly tor want of attention. Mon real relate traneactlone have been recorded In the laet twelve mnntha than In any time In the his. tory of the city. Thta la due largely to advertlelng. The name of the aver age real relate dealer le a houoehold word. There la one dealer In Atlanta advertising ao extenelvety that when a letter addreased “We Sell Lola," Atlan ta, Gee wan mailed by a cltlxen In III! mile. It waa delivered to Forreat A George Adair. Other dealen have had n elmllar experience. It la hut natural that a prospective purchaeer ehould turn to it nun who haa a reputation when he deckles to make a purchaae. In order that the Inveator inny ap preciate Juat exactly the opinion enter tained by the varlnua dealera, The clteenahlp nation le that which come* from own era of homes, howevar humble they may be. Our opinion It that there waa never more opportune time for our people Georgian haa Invited the dlt-uaalon of > dealera and takea pleaaure In aub- Oy GEORGE ADAIR, Of Forreet A George Adair. The activity In Atlanta ml eatate Juat now la aomethlng unprecedented. The year IMS waa a very aucceaeful one with ue In the point of volume of sales, aa we broke all recordi and paaaed well over the million mark. But our aalea for the drat alx monthe of the preeent year amounted to more than did the total for the entire year of 1*0*. Thla activity le not conflntd to any one cloee of purchaaera or to any one kind of ml eatate; it ta general; trana- fera are made In all parte of tha city and improvement! are under way In every section of Atlanta. However, the moat remarkable fea ture about tha real etaata market here at present la that wa have not even the slightest semblance of a boom In Atlanta. Wa venture to a ay that (0 ' per cent of tho purchases of real aitate are made for actual use, or aa an actual Invastment of surplus capital. Of course. In every halthy real eatata mar ket there la a certain amount of spec ulation and some tendency among aoma people to take qhancea on buying prop erty on tlmo In tho hope of celling It before the notes fall due However, there le very little of this tendency In Atlanta right now; and practically actual uae as a home, or wish to make aa Investment of some spare cash. For several years past In our adver tisements In all the Atlanta papers and In occasional Interviews wa hava rec ommended the purchase of that class of property known aa “aeml-centraL n par people who aro able to buy thla class of real eatata It la about aa good an Invastment as one can put money Into. Those who hava kept track of real eatata matters will remember that three or four years ago we stated re peatedly that there waa a tendency ann-ng business concerns to abandon the ugh rente of the congested die- trie* and to purchase locations for trtet and to purchaae lncatlona themselves on tip edges ot the bualn- ci nter. Look around now, and you will see some of the effects of thla. You will notice on Whitehall street, let ween Trinity and Garnett, brick ilata are being converted Into stores On Oarnett street L W. Rogers, the the next ten yfars the bualneea canter will expand wonderfully, pushing out tha boarding house and close-in resi dence section, resulting In the enhance ment of all real eatata In tha different tflos _ will come Tnto activity, and enhance ment Is felt oil along the line. The advantage about Atlanta la thla; All lie business concerns which are . _ are prosperous and happy; Its Industries are running on full tlma; Ita wage earners are making good pay and are buying homea. With such con ditions aa thaaa, tha Increaea In value of real estate la Inevitable. By M. L. THROWER. In dlacualng tha real estate condi tions of Atlanta It would ba wall to taka a retrospective view, for a com parison with tho present and future conditions. There have been times when the city waa said to be on a groat "boom.” Excitement In real es tate circles ran Ugh, a great many people were putting all the funds they could oommand In what Seemed to them at tho time to bo the finest prospects for big profits—real eatata. The fu ture seemed to ba lurid with tha rain bow of promise of great fortunes for them, but aa tha pendulum of pros perity never swings In tbs same di rection always, there comas to reac tion; tho pendulum swings backward, and with it ibars comas a slump, waa unimproved, likewise tha lot Juat back of It. Naturally tha lot sit uated on tha corner waa more desir able and valuable than tha one Juat back of It. One year from tha tlma the first lot waa purchased tha owner decided that he would buy the adjoin ing lot. which waa reluctantly priced to him for flT per front foot I could effe you any number of Instances of thla nature, but I merely use thla as Illustrative of my above statement. Thera la no safer Inveatmont Juat now Jhan to invest your money In At lanta dirt Its valua Is gradually en value, but has steadily Increased with-* In tha past fsw years. By O. M.- M'KINNON. You ask for my opinion of real ea tata In Atlanta. From my standpoint then can be but one, and that Is that It Is the best and safest Investment that can be made with money. I have lived here for twenty-six years snd seen Atlanta real estate Increase from 1100 per acre to lit,000 and |S0,000 per acre, and twenty-five yean ago the cry —— . . - and was. “Real estate- 1s too high,’ that same cry Is still hsard today, fry to be conservative In my opinion and actions, but I cannot see how real aetata can ba too high now when In nearly all aoctlone of tbe city It la lower today than It was fifteen years ago and wa have almost doubled our population, and are growing at a pace that every twelve months wa ora add ing to our population enough to make also of MUladgevtlla and a city tha fast that tha real eatata agents, business It Is to keep up with the real eatate movements, can scarcely com- latlon we are getting now does not comes empty-handed, but comes with money to help keep the ball moving. Tho volume of business dona In real estate In Atlanta for three years past haa b*en more than for any ten years In Its history, and most marked of all has been tha Industrial development. aro not only growing In population, but furnishing a means of support for our cltlsena and a live city with not a — dead bone In her body and with aa healthy a location as any spot on earth and every living soul In It Imbued with Che Idea that he le living In the best city In the United States and willing to go tho limit to help along Ita growth, who can doubt that we won't soon havo 300,004 live, pushing Americana settled on theso granite hills? Will present prices be too high for real es tate then? As to'the stability of real eatate Investments, It Is tbe only In vestment on esrth that you can't lose all of It. Nothing but another Noah's flood can wipe It all out; then. If At lanta la the best place In tbe United States to live, Invest It here. the city. You can not go Into any part of Atlanta where you will not be surprised at the number of new homes being constructed. and the progress Is not confinad to nomaa but bustnass structures are going up In all parts of tha city. How many citizens of Atlanta are wealthy today who jnirrhsaafl prop erty years ago and held it until now? By W. E. 8AUNDERS Of W. E. Saunders A Co. Referring to Atlanta real estate, I do not think that any one can explain In writing the advantages and profits that are obtained through dealing In Atlanta property. One of the most convincing arguments In behalf of the resl value of Atlantn real estate Is ■ take a ride over the city, and note progress being made In all portions erty Is something wonderful, but limit has not been reached, and I do not see any chance of It being reached In the near future. If It Is ever reached. No man can make a better Investment than to Invest In Atlantn property. It Intakes no difference If his Investment Is small or large, and sometimes tl)p smaller Investment turns out to bo the best- I l find .a great many people who aro now renting, but who desire to buy a the SAYS TAGGART FILED SECRET SUITS TO BE . USED IF TROUBLE AROSE panic, a financial crash, and many who prepared for the unlook- were totally uni od for condition of things with tha craah In financial disaster, apd a loss of all tholr savings for years. Others who were more discreet mak ing mors Judicious Investments, togeth er with a keen foresight to dlscom afar off o possibility Of a return of tho pen dulum, weathered the financial crash and long ago have forgotten. In thla unprecedented erg of prosperity, thosa perilous tlraaa. Today wo hear of no “boom," "" 1 no fictitious values, but ws art enjoying a strong, stsady growth of real prosperity hitherto unknc _ own to our people. Perhaps there waa never a time In the hlatory of Atlanta whan wa had such a demand for homes, and proba bly never a tlmo when It was aa sasy for our people to procure thorn. Prop erty owners seem willing, for the most part, to soil at a reasonable profit on tholr holdings—they- aro wilting to make almost any reasonable terms to T so, believing as they do that the best of any community, section or we have Intimated, the Abol Is In the midst of the greatest era of prosperity known to our people, and while It le true that breadstuff! and food toy man and beast are bringing big prime, the salaried man and the wage earner are receiving correspond ingly high prices, and find It much eaaler now to lay aside soma ot their earnings than whan prices for thesa necessaries were far below the present scale. Atlanta la differentiated from way of the South. Ita altitude the eea level makes cllraatlo 1 condi tions unequaled—tho network of rail roads centering here, permsting os they do with their numerous ramifications through all aectloni of the most fa vored country of the Union—empytlng the great and varied products Into the city, and carrying throughout the length and breadth of this Southland of ours the various and numerous quantities of manufactured goods and merchandise, giving employment to thousands of the people—all of which contribute much toward making It a ealrable home center. Perhaps no other city haa such an Immense territory upon which to draw for a continual enlargement of Its borders and the extension of Its limits As evidence of what capitalists from other sections think of tho future of Atlanta property, we Instance one of the many Incidents that come under our observation. A few monthe ago we made the acquaintance ot a gen- we mads the acquaintance or a gen tleman of varied experience In real estate values and large Investments throughout the country, snd having traveled from Maine to California and from Niagara to the gulf, looking for good Investments and having pul sums In different sections of tha ctmn- try, hs came to Atlanta for the first time. He looked over the situation very carefully: he finally resolved to cast his lot here for Ilfs making con siderable Investments. He has determined to withdraw aa ipoedlly aa circumstances will allow .us various holdings from all other sec tions and put them In Atlanta proper ties. This wt think. Is a compliment to our city, but one at which we »fe not surprised. We might remark In Attorney General of In diana Hopes to Close Gambling Rooms. By Private Leased Wire. Paoll, Ind., July ?.—Discussing the statement made by Thomas Taggart, ot tho French Lick Springs Hotel Com pany, to tho effect that the casinos were not a part of tho hotel properties, but were under lease to other persons, snd that suits were pending‘to cancel theso leases because the hotel compa nies had learned that gambling waa be ing conducted at the casinos, Attorney General Miller, of Indiana, makes a sensational charge. Mr. Miller le conducting the litiga tion on behalf ot tha state against the French Lick Springe and West Baden Hotel Companies which haa grown out of charges that gambling has been con ducted openly at these places. "IVh, M h* —v- -W.M th, On the upper left Is raph showing tho inti Taggart's gambling _ jam i asms place and on the right Is a snapshot of Nations! Democratic Chairman Thomas Taggart. “Why,” he says, “were they brought 'the peace court at ' charge that the lessees are uelng the casinos for gambling purposes. Here we In a Justice of . __ . o'clock at night and tried with great secrecy and then as quickly appealed have the admission of gambling.' 1 ‘ — ns Lake quotes A dispatch from Winona f 10 the circuit court, whsre they have remained unknown? They were brought to meet exactly such a contingency as this and to be dragged out and used as a defense when needed. The hotel peo ple admit ownership of property and lleves the suits Mod by the attorney general are well founded. “Last Sep tember, In a public address,” he said, I promlaed tye people of Indiana that polling that while purchasing values hava at advanced, rents have advanced also, but as a rule tenants never had fort and convenience, and there are a better class of tenants, taken as a whole, than ever before. It le true that while home seekers and Inveilree may feel that In some Instances prices are unreasonably high, yet ourwonten- tlon ta that on# can always afford. In buying a home, to pay all It Is worth: especially la this true when we take Into accopnt the fact that there le a eteady Increase and material advance ment going on all the time. We believe the part of wisdom to advlee the Monte Carlos at French Lick and West Baden should ba closed If It could be done lawfully." CHARGES SON-IN-LAW WITH ABDUCTION SHE SWALLOWS OEM AND GETS FIVE YEARS By Prints teased Wire, Omaha, Nebr., July 7.—Mae Thomas, the girl who stole and swallowed a IJt.0 diamond here a month ago, was yes terday sentenced to five years In state prison. When sentence was pronounced the girl broke down and cried. "I did not steal ths diamond,” she sobbed, “nor do I know anything about It; if I swallowed It I don't know It." This wbs the case In which the X-ray was used In the hope of locating the diamond. * peels! to The Georgian. Asheville, N. C„ July 7.-Charged with abducflnk Pearl Mosseller, the 11- year-old daughter of Mr. and Mrs. John 8. Mosseller, of Asheville, George Sha ver, of thla city, was arrested In Spar tanburg, Wednesday, and Is now In Jail ). Tbs warrant was sworn out by here. the fatber ot the girt, who followed the lburg, where they had The shipyards of Nagasaki, Japan 7,W0 workmen all the year round. n. employ the buying of homes (snd making In- ments) whtnever It Is within ths ed throe-story. uuikiiiia cm n»gu* quarters for hla enterprises. Almost and Mbdlson, the Bowden Llthla people aro putting up a block of brick On East Mitchell etreet Nunnsllv Bros. A McCrea have Invaded the resi dence section with a mill constructed t ilck building for their overall factory. Just around the corner, on Central ave nue, 8. P. Richards' Sons are laying the foundation for a large brick building tor handling their printing and atatlon- l group c that have clustered around In the neighborhood of Ivy etreet. Auburn avenue and Edgewood avenue. There - the two big candy factories of Nun- rtally and John D. Wlng.Jbe J. K. Orr ••shoe Company, Frank iln Printing Com pany, tha Pure Food and Milk Com pany. and a little farther out on Edge- \, . ,',i avenue you will notice tbe build- pany, the Pure and Milk Com- tnxfl of the Atlanta Art Olasa Com pany, Southern Light and Power Com-' pany, Woodstde'e storage warehouse. As you go out Whitehall etreet you see residences being torn down on .the I allroad side, nuking way for the ware- housee and factories. Krlegsbaber Is • xcsvattng now for bis building, being the lint one to break loto the residence prvoinecs of Whitehall street. We mention these as Illustrating ths t. nJency predicted by jis several years a 2 . , and ws venture to say that within vestments. _ _ hounds of a reasonable probability to pay for them, values, terms, etc, being satisfactory. We are la possession of numerous facts to prove the foregoing etateinente as to Increase In values— making It an eaay matter for one to dispose of property In a short time for e. alee profit. Within the last few months ws havs soli some properties ths second time for a good profit to the owner, and In quite n number ot Instances had them Immediately after purchasing. Ws confidently look forward to tbe contin ued prosperity of the city and the whole country. While It may be true that this wave of prosperity may have a temporary check for a time, as times of depression have come In all the world's history (we know not how nor why), yet with discreet Investments, Judicious man agement, there need be no fear of any great financial craah. By THOMAS W. JACKSON. “We can only Judge the future by the past" In doing this, I can safely say that within the next three years Atlan ta suburban and acreage will more than double In value. In fact, the manner In which It has been enhanc ing In value for the past few months would Indicate that It wilt more than treble' within the nest few years. The writer oi this article has In view a suburban lot which Is located on the corner of two streets, which sold one Tenth Annual Excursion City Salesmen’s Association To Georgia’s Celebrated Coast Resort aiul the South’s most splendid Sea Shore, Tybee Island. They will nin two special trains from Atlanta, Ga., MONDAY NIGHT, JULY 16,8 P.M. This excursion will reach Savannah at 7 a. m., the morning of the 17th. ^ Re turning, the trains will leave Savannah noon, July 21st, arriving Atlanta at 10 o’clock Saturday night. The Tybee Hotel and Pulaski House have made a special concession by giv ing visitors the very low rates of $2.00 per day. The rate will be $5.00 TO SAVANNAH AND TYBEE AND RETURN. Tickets and sleeping car diagrams can be secured at the Central of Geor gia Railway ticket office, Fourth National Bank Building, or New Terminal Station, or write to members of the committee: J. II. Owen, chairman, with F. E. Block Co., J. J. Barnes, Jr., with National Biscuit Co., TV. G. McNair, with E. M. Yow Co., J. TV. Rankin, with Oglesby Grocery Co. high at ths pro-ant, atn watt until It gets cheaper. Atlanta property will never be any cheaper than It ts today, and those that are waiting for It to get cheaper before they buy, will find nut sooner or later that they made a mistake In not buy ing, and the amount they hnve paid out for rent would have paid for a home! Property In' Ihe city of Atlanta Is In creasing In price dally, and ns the city property Increases, eo doen tho subur ban prop ■■■^M m property. I am n resident of Klrk- ■ood, arid have watched with Interest (he great advance In property of this beautiful suburb. It has not been far distant since you could have bought property In Kirkwood for almost your own price, but since the town has beei Incorporated and a magnificent new school building Is nearing completion. which will give to the people a free school. It Is a very difficult thing to „ , , dlfflcul „ buy any property In Kirkwood at all, unless you pay a very handsome price for It. Property In Kirkwood has advanced about 20 per cent In the last twelve months and Is steadily on the Increase. The same rule that applies to tho •a applies to advancement of Klrkwoo^HPV H tho other suburban towns near Atlanta. A great many people think when they go to purchaee property In the suburbs that they are going to get It very cheap, but when they learn the price Ithey seem very much surprised, but the suburban property Is holding pace with the city property, and will never If any one Is thinking of buying a home or making an Investment In or near At lanta, now Is the time to set, for the opportunity that Is offered today will never be offered again. m mi By QLORE A JUSTIN. Atlanta Is on no special "boom," but the healthful climate, the many rail roads. the splendid electric car serv ice. the mnny churches, schools and great city for business, and pleasant for homes, and keeps up a steady growth In population,' also In values of real esate In and near “our city;" there Is a good demand for renting property ' Ianta and any property In or near At! Is sure to Increase In value. By J. C. BALDWIN Of J. C. Baldwin A Co. Replying to yours of July 3 regard ing real estato developments In Atlanta beg to say the valueB have gradually Increased for the past several months, and real estato dealera have all had a steady trade and sales havo keen good. When tho 1310 exposition becomes a certainty tbe real estate values will be enhanced 21 to 30 per cent We are having Inqulriee from all sections of tbe country and proepectlve buyers are numerous. Subdivisions are being sold In and-around Atlanta, realising band- some profits to speculators. When we get a bargain all we have to do Is to let It be known through our papers, and we have no trouble In finding a buyer, we are looking forward to an un usually good fall trade and bargains are hard to find. Scarcely any cen tral property on the market at any reasonable figure. Suburban proper ties are looking up, and many satls- fsetory sales are being made. Real estate men are In good spirits, and I believe the most or them are making money. By A. J. MAYFIELD. Ten years' application with dose ob servation places me where I can sny something about Atlanta rrdl estate. A few figures In small denis which I have made will show that It Is not nec essary to rent till you are rich before you buy a home. Here are the facta and figures: Six-room house bought In 1301 on monthly payments, price 31,330; occupied as a home for three years, sold for 32,300 cast* Eight-room house, bought for 31,430, occupied three years, refused 32,350. Four-room house nnd two vaennt lots for 31.150, refused 32,200. Six-room house fur 31,450, occupied four years; refused 53,100. W(th such facts as these before you; why not own a home which ought to be the highest ambition of every man. If you hnve that ambition, why not own one In the .best place, Atlanta, with nil her railroad centers, her street car fa cilities, her electric power nnd light privileges, with the latest and most modern water works and a complete sewer system, having 'a high elevation which gives us a great advantage for sanitary cleanliness. Statistics show that Atlanta Is much mor* healthy feet home city,- It Is one of tho places In the world to Invest your of Interest. If you want -to Da more thoroughly convinced, come And spend a while. Visit our parks and drink the puro water that flows out of the hill side, and breathe the fragrant air from the beautiful flowers and the natural forests. By CHARLES A. OAVI3, Of ths Copenhill Land Company. Atlanta. Ga. July 7, 130(. The real estate Interests of Atlanta and suburbs are solid. We are found ed upon a rock physically and finan cially. llama property, both Improved and unlnmproved, waa naver In better de mand or advancing more rapidly. This is especially true, perhape, of property In the northeastern'section. Including nihil! and adjoining districts. e now have at Copenhill city wa ter, sewers, electric lights, paved streets and these Improvements aro gradually extending further to the northeast. Houses and lota, vacant lots and manufacturing sites In this section aro In great and over-growing demand. Houses there will rent or sell almost before they are completed. The rea sons for this special demand Is that this section lies high and beautiful, overlooking tho whole city, tho air Is cool and healthful, there are plenty of forost trees, the electric cars penetrate It at frequent Intervals; there Is quick access to tho city; the people are high- toned and neighborly; the prices, though advancing, nr® yet quite reas onable and the usual terms are very easy. The people of Georgia, of the South finding out what a great place Atft I is; they are earning here by thousands and many are settling at Copenhill nnd cllf. : not nearly one-half has yet TIS FOR J, C, CAVENDISH Special to The Georglso. New lberta. La. July 7.—A warrant for the arrest of John C. Cavendish, also known as Lord Douglas, has been sent to the chief of police of an Eastern city. The name ot the city Is with held. Cavendish, who Is alleged to be a bigamist, married Mias Josephine Hood, of Asheville, last December and since then, although the state department of Washington has searched far them through consular officers and the gov ernors of Texas, Virginia and North Carolina have offered rewards for Cavendish's capture,'neither he nor his wife have been found. ERA OF BOSSES PASSED, HARMON SAYS HE TRUSTS i Georgian da., July 7.—The Alabama Ion, which mot here, was Ight by Hon. Judson Her- Innati, who was attorney r President Cleveland, t of Mr. Harmon's ad- ndependence of the Judl- 14,000 Tiekete Taken In. Special to Tbe Georgian Decatur, Ala. July 7.—Over 14,000 fDecaturs July 4. This Is ths biggest day's business ever done by the North Alabama Traction Company, AMUSEMENTS CASINO TONIGHT—Matinee Today. MAX HOFFMAN'S OWN COMPANY, 30 PEOPLE 30 • Including “SOvera” Oakley, Toney Hart, Gertrude Hoffman, Otto Brothers, Twin 81sters Dolly. Next Week—VAUDEVILLE. SAI.E AT GRAND BOX OFFICE. a claimed ” he said, “that 1 Judges by popular Vote Ir their Independence, but ; to. The electors hava elect. They can only re- when displeased, and. cl __ rare Instances, such rt- ■ually been Juat when not olltlcal causes. When ths iver, act through political In choosing Judges, there especially when those or- re allowed to fall under ! a few men or a single urpoeee generally are or •elfish or corrupt. These Mass the Judges as well as officials, and naturally ■d them all alike as tub- t the era of ‘bones' has But, even to, I hope the oe when Judges will be t the Intervention of par- cease must frequently kim from which It ia Im- nlnate political cotulder- l effect of theke, while It tlrely escaped, must cer tainly be leae when tbe Judges aro not nominated as party candidates. RIFLES WILL DISBAND AND REORGANIZE Special to Tke Georgias. St. Augustine. Fla, July 7.—Tho St. Augustine Rifles will disband In a few days and reorganise under the same name. Thla action la deemed advisable as a number of tha members are unx- loua for their discharge and display no Interest In ths c :npeny. . pONCE DELpj^ DIRECTION JAKE WELLS, PrnldtlL THE CARDEN SPOT 7 Of Atlanta. BAND CONCERTS TWICE OAILY. See OSTRICH Farm NEXT WEEK, Matinees Tuesday, Thursday and Sab day. • MODERN VAUDEVILLE. APDALE’S FAMOUS TROUPE OF TRAINED BEARS. THE COMEDY JUGGLER, SAM ELTON. The Man Who Made the Shah Lsugh ( LAWRENCE CRANE. MAGICIAN, GARY OWEN & CO. CAMERAGRAPH, NEW PICTURES. • Special Added Attraction GREENE & WERNER “Babes in the Jungle.” —mm MML