Hammond Times, Volume 6, Number 279, Hammond, Lake County, 15 May 1912 — Page 16

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THE TIMES. Wednesday. Mar 15, 1912-

CALHET REGION FOR RHUS

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Scope of Real Estate Activity in Lake County Presents Immense Diversity.

dncttTO area along the shore, ef Lake

Michigan that from Its location at the j

oath end of Lake Michigan, where river and harbor -waterways are ao easily developed, territory that has become the pathway for eastern transcontinental railroad lines and ideal location for manufacturing plants; and

j then reserved, a few miles to the

southward a rich farming community where the produce that is to fill the thousands of mouths in that new cen-

i i ter of population can be raised. 1 WtI.(ll7R1VliraQ VAT T A V WT

It is strange that the sandy wastes that the early pioneers regarded as a wildemes has become the most valuable land of all. Even the low marshy lakes and the shifting sand dunes have a value undreamed of by the hunter and trapper who invaded this territory 75 years ago. And so Lake County, because of its

A MCE I

THE

Ill OF LIE

When the Population of the District Potentially Now 500,000. It Will Be a Wonder.

There is probably no locality in the of his acreage, to the railroad repre-

west, excepting only the city of Chi - J sentatlves regarding locations for cago, in which so many phases of the yards and shops, to the manufacturer

real estate business are developed 11 about the availability of sites wtth ,M"a ue" anu ,ls ""nm wn, Because j

jin the Calumet region. reference to boiler water and shipping;0' its rivers, harbors, lakes and inland it v, . , 'sea, because of its geographical locaThe Calumet region raal eatate dealer facilities, to the home seeker with ref offer, in addition to the usual line offence o the accessibility of the lots "on has become tne most varied field residential and business properties.! desire, to sell and to th. wholesale , ' act,vt r the dal" " dirt that ' .... .. -.-.-.ii-- a w ...,-, r j t, i th world hns ever knowr . .with their improvements, the following mn regarding the future of dockage

gjggg I Aim i fdi r c i a ir mull ui LUUy IB UNI

a pioneer in the business. He is only

real estate: Industrial sites with railroad facilities, dockage sites with railroad facilities, farm lands, residential ; acreage, sand lands, ice farms, truck farms, urban and suburban property. He will show the investor where a

sand dune is worth a fortune, " where l which has resulted in the creation

land under water Is actually worth I some splendid subdivisions. i $100 an acre, where swamp lands have The city of Gary, which represents j a certain future and where the bottom 1 the accumulated experience of th-s j of Lake Michigan has actually been ! world up to this date in matters -if

purchased from the state. And he will municipal architecture, is the ideal tabe on the square at that. j wards which all of the cities of thj o fees SOLD. Calumet region are progressing. About the only kind of real estate' Broadway, the most beautiful huslactivity that has never been attempted nesB "treet in the state of Indiana. Is in this locality is the sale of a lonsr the molel after which other Important term lease on valuable business prop- ! business thoroughfares are to be built, erty. a thing which is a common pra--jThe Plan of Pitting the public utilities tlce in the large cities. And it will nt j ,n the le Instead of the streets has

be long before leases or "fees", it they proven the wisdom of that course in

Gary.

Th successful rejil estate dealer of

'laying the foundation for the man who the Calumet region has got to be an i will come tomorrow and when the all around man or he will be nassed In I

combined cities of the Calumet region

luo viiuuiv, nnu l 11 n it-ouii , i u a 111)115 . attain a population of a million the ling of ideas is a composite intelligence

man 01 tomorrow win nave given

call them In Chicago, will be sold In the larger cities of the region. The ideas of the world have been applied in its various subdividing pro

jects. The best real estate brains of cItv building that are offered

the country have Journeved to this loft cality where many fortunes have be.i made and few lost in the cold goldless sands of the great northern manufacturing district of Indiana, and Illinois.

place to the man who will deal in ninety-nine year leases, dockage at $26,000 an acre and subdivisions five miles from the present business centers. This is not mere surmise, wild prophesy, effervescent optimism. It is the result of cold calculations based on the number of men who wll be employed in the manufacturtes which have already located and in the other plans which must come to supply the accesories for the manufacture of steel and steel products. And In the whole country there are

MUST BE V EitS ATI LB. The Calumet region real estate deader must be prepared to talk to the farmer regarding the value and producltivlty of his lands; to the owner of a sand ridge regarding the speculative value

not a keener lot of wide awake men

BCII.D MANY CITIES. j than are found In the Calumet region. , And no religion in the entire world It was the real estate men of the region offers the splendid opportunities for 'which entered into competition with

in the the whole middle west for the Baldwin

Calumet region. These streets are Locomotive works which will employ scooped out of the wilderness and Ave 1J.000 skilled artisans and who tore the or six years serves to put a city on the prize away from even the city of Chimap. Indiana Harbor was founded cago its nearby neighbor, about twelve year, ago and Gary about , And in the days of feverish activity six years ago. The foundations of which followed this great acompllshCalumet have been laid and a city will ment it was the real estate men of the rise on the site in another five years. region who reaped the benefit. It Is a strange freak of nature that The Calumet region real estate man presented for the .development of the Is the master of the game. It Is he pioneers of this region a sandy unpro- who is able to see an opportunity and

Lake county now has a potential population of 500,000. That Is. It has the industries which, if running full force: and it has located industries which when built will result In the assembling of half a million people in this, the greatest industrial region in the middle west, excepting only Chicago. This remarkable fact has been brought out as a result .f an exhaustive investigation which has been carried on by Tm Times for the purpose, of this edition. It is based on figures which have ben procured from a hundred sources and are absolutely reliable. No Intangible quantities have been taken Into consideration. Only those factors that are computable with reasonable exactness are the basis of this article. Tun TiMXfl Is able to present for the consideration of Its readers facts of stupendous consequence to the whole region. It Is believed that their presentation will result In real estate and building activity that will be felt the, length and breadth of the entire region. More or less vague and indefinite statements are daily made regarding grasp it while the outsider Is making up his mind. It is he who Is able to make the entire middle west the market for h'.a lots and lands and who playa fair while he Is doing it. The scope of the real estate business in the Calumet region is broader than any in any other part of the country. It is developing big, broad, wealthy men. Men who take a pride in the region and do not overlook the matter of civic pride while they are doing It.

the future of the region. They are j based en rumor, speculation, a certain 1 amount of real information and on the '

whole optimism that is generally prevalent in this locaMty. , But Ths Times has got down to cold

facts. It presents its estimates for the' inspection and analysis of the man ' 'who knows all of the facts about the particular industry with which he is

connected. The source of this information being the builders of these Industries, or the men who are operating them, Ths Time, believes that they should be accepted as authentic. The actual figures show that Gary

j has the largest potential population in

the region. This Is due not only to its great expanse of territory, but also to the fact that larger industries htn selected sites In Gary than In any other section of the region. There are now 11,405 men working in the Industries which are in operation In Gary. When these same industries are working to their maximum capacity they will be employing 2S.7S0 men, and when the subsidiary concerns which have purchased sites In Gary, or for whom sites have been reserved, build their plants, there will be an additional 42.090 men employed, which will bring the total up to Tt,7S0. And. conservatively, with 70,760 men employed in the plants in the magic city its population should reach 190,0410. East Chicago comes next with a potential population of 130.000. The tremendous strides that East Chicago baa made in the past year have placed it s.cona in the list of the cities ten years hence. East Chicago's industrial progress may be measured by the fact thavt It now employs 9,69 men in Its mill, and

factories. These same industries, running full force, will employ 14.247 men, and when the new plants which have been located in that city are built, 18,10 more men will be employed, making a total of IS. 417 men. " This warrant, the above estimate of Its population. Hammond has made comparatively slow progress in the matter of locating Industries In th. last year or two. It stands third In the list with a potential population ef 66,000. But Hammond's strength Is in Its great diversity of manufactures. It has scores of small Industries, many of which are growing larger and which give the city a stability that is exceedingly to be desired. In number the Industries of Hammond far exceed those of the other cities of the region, but they are, with two or three exceptions, very small concerns In comparison with the Indiana Steel company and the Baldwin Locomotive Works.

In number Hammond and the Immediate neighborhood in Illinois, which Is really a part of commercial Hammond, have fifty Industries. East Chicago comes next with twenty-six con

cerns In operation and eight either

building or In possession of sites. Gary comes third with eight Industries in operation and with seven that have either purchased sites or had the Gary Land company reserve them for future use. The fact should be pointed out that the Universal Portland Cement Work, with its 1,000 men employed now and its immediate prospect of employing twice that number, is listed as an East Chicago Industry. This was dene arbitrarily for the reason that thl. plant Is located so near the Indiana Harbor boundary line that all of It. employe, live la Indiana Harbor and, except In the matter of taxation. It I. an Indiana Harbor plant. But to compensate Gary ha. been given the benefit ef the potential population that may be said to be a tangfble quantity as a result of the fact that the National Tube Works, which Is expected to employ 10,00 men, and the American Steel and Wire company, which will employ 4.000 men, have only reserved srt.a in Gary and have not purchased them. No xme doubt, that they will do as other subsidiaries of the United State. Steel company have done, but until they have actually purchased their sites they are on the questionable lilt But nevertheless Gary's potential population la tt.,000. and no one doubt, that it will have that number of peo

ple within it. boundaries in the nex? ten or fifteen years. , The city of Whiting, through the activities of its commercial club, has secured a fine new Industry In the Beekton .Chemical company, which now ha. the plans for It. western plant ready and in waiting only for the frost to be out of the ground before operations will commence. In Whiting there are now 1,185 men employed in plant, which will employ 3,110 men when they are operated to their full capacity, and with the 00 extra men who are to be employed by the Beckton Chemical company, the city will have close to 4,000 men employed In the next year or two. This means a potential population of 14.009 people for Whiting. The fact should be mentioned that part of the men who are employed In the plant of the American Malse Product, company, which i. credited to Hammond, live in Whiting. Many of them, probably half of them, live in Hammond, to that It is rated a Hammond plant. Burn ham and Hegewisch, which are only two mile, from Hammond, have employed in their plants 2,600 men. This number will be Increased to 1,750

when th. plants get te running full force. This gives these towns a potential population of 11.000. ' . One Important fact should be noted about the figures that are presented In Ths Times, and that 1. that the Industrie, which are now In operation in the region are either running, so slack or are contemplating enlargements and extensions which, make their present force, of men employed only about half of what will be employed when they are again running to full capacity, or have completed extensions that are now under way. Hammond, for Instance, has the) Standard Steel Car company, which la employing only 1,200 men at the present time and yet which 1. built to employ not less than 6,500 men. This 1. a factor that should make for Increased confldenoe In the business situation In that city. The great works ef city building that are In progress In the Calumet regies are only beginning to' be appreciated. Something ef an Idee, ef th tremendous increases In realty values and of the enormous amount of building that will have to be done In the next year or two may be had from the fact that the population of the region will double In the next five years. If those who will seek homes here are aocemme-dated.

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COMING TO HAMMOND 1 5,000 MEN WILL BE EMPLOYED AS SOON AS PLANT CAN BE BUILT The Plant Will Locate East of Calumet Ave nue, North of 143d Street, West of White Oak Avenue and South of West Branch of Canal. This Assures the Building of a Splendid New Business District Along Calumet Avenue, in the Vicinity of Sibley and State Streets The small dealer has a chance to make a fortune in High Grade Business Property. No Business District at the gates of a plant was ever a success.! The real Business District of the Great East Side in Hammond will be in a similar location as the corners of State and Hohman Streets are now on the West Side. I have the exclusive option on five splendid business lots in Martin H. Finnernan's Resubdivision of Lots 56, 57 and 58 in Fogg & Hammond's Addition to Hammond. They are located between State and Sibley Streets, between the car lines, in a district ia which five splendid business blocks will be erected this spring.

It has a Greater Speculative Value. It Increases in Value Faster. It Is a Cleaner Cut Investment, See Me Right Away or Your Opportunity Will Be Lost.

ROSCOE E. WOODS

Care Lake County Times Hammond Bldg. Phone 111

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