Hammond Times, Volume 3, Number 171, Hammond, Lake County, 8 January 1909 — Page 14

Y4

THE TIMES. Friday, January 8, 1909.

ammond Realty Booming

reals In Acreage and Lot Property Twice as Large as They Were Last Year at This Time

The real estate men of Lake county are the most optimistic of its business men. And the real estate men of Hammond are not a whit behind them. They already realize that the Industrial depression is a thing of the past. They have been forced to this realization by the fact that there has been almost an abnormal activity for this time of the year. In the cases where possible buyers were frightened out of the market they have come, back with their savings and are now anxious to make purchases this winter before the prices rise with the spirits of the property owners in the spring. In some cases whole additions have been purchased and there is considerable speculation in acreage east of Hammond. In the minds of the people of Hammond the development of the territory between Hammond and Indiana Harbor and Gary is as certain as though it was actually a fact. There have ben many deals consummated in the past few weeks involving twenty, forty and eighty acre tracts in this territory and it is understood many other deals of the kind are pending. In Hammond there seems to be a great deal of attention being paid to subdivisions. The most notable deal of the year along this line was the trade A. M. Turner made with the Chicago and Erie railroad by which he secured a large amount of frontage on Calumet avenue. This he has subdivided into lots and the numerous sales which have been made are an Indication that the public has been waiting for an opportunity to make purchases in this viclnlnty. Many people who have watched the growth of Hammond prophesy that Calumet avenu will be one of the principal residential streets of the city and that all of the lots on the side streets off firom this splendid thoroughfare will be built up Just as they have been in Homewood. In fact the success of Mr. Turner In securing this Calumet avenue frontage will mean a great deal to the city Of Hammond and will insure the development of the city to a degree that has never before been possible. The purchase of the South Homewood addition by Koscoe E. Woods, who formed a syndicate and negotiated the deal with F. S. Betz, was one of the Important deals of the past year. So ft

, y 111 II

L. SONNENSCHEIN, CHAS. H. MAYER, President V-President GEORGE M. EDER, Sec. &'Treas.

THE ammond iompany

West Hammond, Indiana

CAPITAL, $200,0C0

Incorporated under the Laws of the State of Illinois

DIRECTORS L. SONNENSCHEIN -CHAS. H. MATER -GEORGE M. EDER AUGUST MAYER - -TVM. ROSIAN ... MARTIN H. FINNERAN, E. A. KINKADE -

- - Chicago, 111. W. Hammond, Ind. Hammond, Ind. W. Hammond, Ind. W. Hammond, Ind. W. Hammond, Ind. W. Hammond, Ind.

WE ARE OFFERING OUR UNSOLD CAPITAL STOCK IN LOTS OF FROM ONE TO TEN SHARES AT PAR. NO INVESTMENT OF THE.YEAR COULD BE SAFER OR BRING BETTER RETURNS ON YOUR MONEY. FOR FULL INFORMATION PHONE OR WRITE TO

Phone Hammond

great has ben the demand for property In an established neighborhood like Homewood that the firm of Hammond, Schaaf and Ebert, who have had charge of the sale of the property, have had no trouble in disposing of a large amount of it. In fact fifty of the eighty lots have been Bold. The work of Gus. Jacobson In promoting North side real estate as well as handling numerous properties in other parts of Hammond is notable. Mr. Jacobson has always had faith in the North side and he has seen it come up to his expectations. The North side is now booming as it never boomed before and a large amount of the credit is due Mr. Jacobson. E. A. Kinkade, the discoverer of "West Hammond, has also seen this locality come unto its own. West Hammond has seen considerable industrial development in the past year, the most notable thing being the locating of the Hammond Brewing Company at the corner of State street arid Fields avenue. The sale of lots and acreage in West Hammond has been brisk and Mr. Kinkade's idea that the state line ought not to be a barrier when a city is crowded up against it like Hammond is, has been borne out by the disappearance of this prejudice. Gostlin, Meyn & Co. continue to be among the largest sellers of real estate in Hammond. The firm is public spirited and have done a great deal for the advancement of the city. To sum up the whole industrial situation: Hammond is prosperous. Its business men are contended and the new year has such rich promises of an increase of the prosperity already In evidence that its real estate men have an abiding faith In the future.

REAL ESTAJElRAflSFERS NDIANA HARBOR. Lot 33, block 17, in second addition, Harmon A. Smith to Lettisha McKenna 175 Lot 18. block 55, Carl H. Hansen to William Blumenthal 1 Lot 18, block 55, William Blumenthal to Wesley L. Wiseman 450 Lot 10, block 69. Otto Miller to George Walcls 8,500 HAMMOND. Lots 15 and 16, block 3, Sohl's second addition, Charles TausValue of Value of Value of -Value of Value of Value of Value of

1 lj) 11

Brewing

!iWI!Hfl Pi iWliig,

Temporary Offices, No. 30 152d

152 W.

chek to John Gartner 600 GRIFFITH. Lots 26 to 29, block 1. Manufac

turers second adaltion, Frank W. Love to Louis A. Southworth GARY. Lots 95 to 97, block 6, Lincoln Park addition. United States Land Co. to John Smodesch.... Lots 9 Sand 99, block 6, Lincoln 120 475 faric addition, united States Land Co. to John Smodesch 300 Section 36-37-8 W Undivided W. E Fr. 36-37-9. Henrietta J. Randall to Sissilla A. Davis 1 Section 36-37-9 W -Undivided E Fr. 36-37-8, Henrietta J. Randall to Fred E. Lee ." i The Magic Button. If Inventions of office machinery increase during the next ten years as rapidly as they have increased during the last decade, the time will soon come when an up-to-date office will consist merely of the master and an array of mechanical devices for doing his work hy the pressure of buttons. System. Perspective Is Needed. In our own time details overpower us; men's badges and buttons seem to grow larger and larger as in a horrible dream. To study humanity in the present is like studying a mountain with a magnifying glass; to study it in the past is like studying it through a telescope. Gilbert K. ChestertonSpoils for Fashion's Followers. At auctions in London during the last half of 1907 there were ostalcyued for sale 19,742 skins of birds of paradise, nearly 115,000 white heron plumes and a vast number of the skins and plumes of many other birds of beautiful plumage, including albatross quills and the tails of the lyre bird. The Truth Hurt. A prominent lawyer of Vicksburg, Misi., who, after two months cf widowerhood, took unto himself another spouse, was very indignant when he read in one of the local papers the following notice of his maritge: "The wedding was very quiet, owig to a recent bereavement in the bridegroom's family." The Weaker Sex. Women are called the weaker sex, but you have noticed that the wife whose word is law never has to call in the militia to enforce it Dallas News. fr-.

THE Hammond Brewing Company - Incorporated under the Laws of the State of Illinois. November 27, 1908 CAPITALIZATION, $200,000 No Preferred Stock Par Value of each share $100.00 Total amount stock sold to date. . . .150,OOo!oO Total amount Stock paid in to date. 125,000.00 Total amount Stock to be sold 50,000.00

EQUIPMENT Buildings (Main Plant) 60,000.00 Site 10,000.00 Machinery 40,000.00 Chicago Branch 6o!ooo.OO North Judson Branch 10,000.00 Saloon Fixtures 45,00o!oo Signs, etc 5,000.00

OUTPUT Present Sales annually 35,000 bbls. Present Sales annually (Chicago) 20,000 bbls. Present Sales annually (outside of Chicago) 15,000 bbls. Cost of getting this trade $150,000.00 Cost of this trade to the new company, NOTHING

Street HAMMOND, IND.

CHUNK

FAT SINK lid If Lake County Farmer Pleased With the Prospect and Many Factors Are at Work to Enhance .Value of Lake County Soil. ACREAGE PRICES Of! THE INCREASE Prominent Chicago Editors Invest in Farm Land During the Year and Other Chicagoans Come Out to the County for Sites on Which to Build Summer Homes. Turning to that page in last year's history, which contains the facts about the Lake county farm vnlues, the mind's eye Is struck by the pleasing type, which spells "Increase," In large gold letters. The page Is further embellish, ed with appropriate pictures, which in retrospect, outline rich fields, which are richer at the end of 1908 for the drainage and Irrigation, big barns, which are bulging with the crops of last year, corn cribs sagging out of shape for the grain they contain, rows of sleek. well-fed cattle standing In their stalls munching away at the sun and saltcured hay, and there in the lower corner a drove of those much-abused and ridiculed animals, which provide the poor city chap with the "ham and bacon" and supplies. Farmers Unaffected by Depression. The last' year may not have witnessed that great day in the home of some of the Lake county farmers when the mortgage on the farm was canceled and the paper filed away with other valuables ones in the lower bureau drawer, but another year Hke the last, e? a few at the most, will bring around that day, too. The average farmer' in Indiana awaited this day, and your turn is coming, too, Mr. Lake County Farmer. Whether he is lord of all your sur veys (provided he does not get on his windmill, for Lake county land is quiet level) or whether he has delayed in buying that new binder until the mortgage is lifted, Mr. Lake County Farmer you were richer on Dec. 31, 1908, than ever before. Values Continue to Grow. The pessimist farmer may wail about the last year having been a bad one, owing to the panic. The visitors from the cities kept "dinging" this into his ears until ho finally thought himself suffering from the industrial depres sion. Even if fewer orders for rail road rolling stock and the close of many a factory could have affected him directly, the value of his land was increased nevertheless. Lake county farm values will con tinue to grow until the purchase prices will be the top notchers in the mid dle west. This may not result through the intrinsic value of the land as a crop producer, but rather on account of the location which Lake county real estate holds in relation to the center of population. Other Factors at Work. The population of Lake county is on the steady increase and with it will come the increase in farm values. There are other factors which are at work on the increase, but working from a different angle. Not the least of these is the fact that the county will be traversed by interurban lines. The pro moters of civilization are doing more throughout the state to make it the desirable commonwealth than is ordinarily given credit for. Lake county was slow in getting its share, but they are coming. One, the Chicago, Lake Shore & South Bend, already is in operation through the northern part of the county. The interurban from Crown Point, the county seat, to Gary is assured. It will practically put the heart of the county in direct touch with Chicago. Drainage Was Helpful. Then there is the proposed Valparaiso, Hobart and Gary interurban for which ground has already been broken. In addition to these, the man who has his ear on the ground can hear the rumblings of other lines coming from practically every direction. But it Is a waste of time to speak about them when it is possible to speak on what has already been accomplished. This, however, does not mean that the prospective buyer or seller should overlook these reports entirely. Drainage has been an important factor in the last year in enhancing the farm values. The last decade has found the Lake county farmer very active in that lines of Improvement. The last year has found him doing more in this line than ever before. Railroad Helps Much. In the south end of the county especially, much of this work has been going on. Ditches have been opened and miles of tile have been laid in the ground. Other Improvements In the way of buildings would bring the figures high Into the thousands. The Chicago, Indiana and Southern railroad, traversing the county from the north to the south end, has raised the land value of the neighborhood through which H passes materially. Its completion has resulted In a direct

benefit for, Hessvllle and Highlands, in North township, to St. John, In St. John township; Hanover Center and Cedar Lake, In Hanover township, and to Hayden and Sch'nelder in West Creek township. The latter two townships have been especially railroad poor and aside from the taxes that the road pays into the township fund, additional shipping and transportation facilities have been supplied. A Place for Country Homes. Not the least consideration in the increase in the farm values of Lake county, Is the fact that this well-developed region is becoming a desirable territory for country homes for rich Chicagoans. Will J. Davis, whose beautiful stock farm is situated northwest of Crown Point, was the pioneer in this movement. Already others have followed in his steps, principal among them being James Keeley, editor of the Chicago Tribune, and John C. Eastman, editor of the Chicago Journal. Mr. Keeley's farm is located near Black Oak and will be made one of the finest country homes in the county In course of time. Mr. Eastman has the same intentions regarding his farm, which is located near Schererville.

The splendid reservations of George I Ade in Jasper county, although in a neighboring county, add to the stimu- I lus, but the unsurpassed macadamized roads of Lake county appeal to the Chicagoan who has money. Other influences are at work in the same direction, all tending to make Lake county farms more desirable. Schools Improve Values. The increasing wealth of the county affords better schools, more accessible and modern in every way. The little country school by the roadside Is fast disappearing and the children now await the arrival of the "school bus" which takes them to some town school. The oat crop may not have been as productive as the farmer expected, but when he takes into consideration that his children had better school accommodations than ever before, he feels amply repaid. Another feature which works out to the advantage of the farmer is the fact that his county is divided. He lives in the southern half, undisturbed by the life in the cities, while in the northern half he has all the advantages of a city. He has his markets there for everything he produces and has his big stores where he can buy as cheaply as In Chicago. The Lake county farmer is like the property owner in the north end of the county; hl3 values will not depreciate, but rather appreciate, whether through his own activities or through the developments that time will bring. WE ARE LUCKY Because we were able to purchase the entire Reed Estate at a low price YOU ARE LUCKY Because we are closing , out this choice property at less than actual value.

Estate

Our Property is 700 Feet from the Hammond Court House New Modern Homes Now Ready For You

TERMS EASY AS YOU COULD ASK

E. A. KINKADE & CO. " No. 30 152nd Street, (West Rim bach Avenue) Phone Hammond 152 'Hammond Indiana

Conditions Indianapolis and State at Large Can

As one Indianapolis banker phrased it: "Indianapolis and Indiana are to be heartily congratulated upon the showing made in all business lines in 190S." This epitomizes the general business situation within the city's gates and within the environs of Hoosierism. The city and state are to be congratulated. Cold facts and prosaic figures tell an intereting story. The sory is well worth while as an example of optimism and sanity, despite the recent panfcky times and the ravages of drought, which left imprints nation wide, says the Indianapolis Star. It is a feeling of elation that the average business man, farmer or manufacturer experiences when he scans the horizon of the coming year or looks back, even, in retrospect of 1908. Heads of financial institutions, mercantile and manufacturing concerns are a unit in saying that Indianapolis and Indiana could have done much worse than the year-end showing indicates. During the worst of the financial storm this city and state were in a condition of calm conservatism. We did not feel the pinch of depression as did the east. As one financial sage observed: "here was a lack, and is now, of speculation of the precarious kind that tears the commercial community asunder In times of business stress. Indianapolis people, as well as the people of the state, bought local securities as sound and solid investments, leaving their money in local channels, and now that Ihe sun of prosperity is beginning to shine, these same Investors are quietly taking the profits they helped to make. It is a good sign for the future welfare of the state and city." Indianapolis securities the last year have been In great favor. Although the times were ra6ped by a heated campaign and a rainless- season, the local securities market was not fainting. Values depreciated some, but this situation finally whetted the investment appetite and these eame values increased to a percentage that made the investments a good thing. Local stocks on the whole showed an ' advancing tendency, and the character of the market broadened almost with each week. The real merits of local securities are becoming better known, and were made so by the recent depression In prices, as Investigation showed their purchase

11 l

Points

The

In Indiana Feel Elated at the Growirg Prospect

at the then lower values would in the end show handsome results. , Wholesale mercantile busines, among otfter lines, shows sharp expansion for the year. In many instances trade was even better than during l3(J". Collections have been promptly met. as a usual thing, and men who had gone in heavily during the zenith of the prosperity wave and later found themselves incumbered, grew conservative and have discharged the greater part of their obligations, if not all, and are doing business on a more solid footing. Failures in Indianapolis and Indiana have been inconsequential during the year Just ended and not enough to cause more than a rip'pie on ' the surface of the commercial community. While Indiana was in the clutches of the drought for many days during last summer and fall, the crop returns were not 'disappointing. Farmers enJoyed good prices for their products. Likewise they marketed their livestock at quotations that netted them good returns, as a general thing. The report of business done at the local stock yards shows 'that It has exceeded former years in both quality and quantity of offerings and prices received. t The real estate business of the city shows enormous gains over those of previous years, with values enhancing all the time. The city has made strides in its improvements, municipally and otherwise. The people as a whole have enjoyed reasonable prosperity, and the old year goes out leaving us the knowledge that the coming months promise prosperity as material as any the city and state have ever enJoyed. Bank clearings for the year 1908 total $380,372,084, which is slightly less than the total for 1907. However, proof that business in all lines is growing better is shown by the December clearings, which aggregate $37,171,871, as again $25,224,323 for the same month a year ago. That the figures of 1909, when all is done, will show an increasa over past years is predicted by financiers who know the drift of things. Might Organize a Society. We have in this country the material for a strong organization to be composed exclusively of the grandfathers of future dukes. 1 era In 1906 We sold 30Nft. lots at $270. In 1908 These same lots sold at $450. In 1909 Every street improvemen t will be completed In 1910 Every lot will be worth $900

way