Newspaper Page Text
THE OMAHA SUNDAY BEE: FEBRUARY 20. 1011.
c FORTUNES OPEN TO WORKERS Utah Offers Vast Opportunities for Progressives. mrsTj:iyr3 ncsr raorrrABLE ttmm4rrdm at Rianiplra Wkfrt a mall Oaflar Haa nrnkl Woxlerfat Rrtaraa In rrat W rut era Mat. ALT LAKK CITY. Frb. r-8nwlal Corrmpon denes of'Thn I!.)-The lntr mountain west, fmm on hill t- the other and from the Canadian line to the Orand ranyon "f (he Colorado, la filled with examjil. a of the nild-wrst boy who came out here yrars ao nd haa made Rood. Fortunes havo been made by men vlth darlnK enoiiKh to come to I'tah and to rnsoKe In business. Other fortunes have beon made out of the mines; others out of real estate; others out of Investments. In nearly every Instance tha mid-west yolir.c? man came has pros pered enormously ; far Ixyond his wlldiyit boyish dreams. W. E. Hnbhard, a native of Illinois, born at Nora. In the northern part of the state, la another of the many examples which bave occurred wllhln niy knosvledne since I have been In I'lali for The Uee, Mr. Hubbard came to I'tah twenty-one years ago. He had spend time and money In vestigating the whole of the jrreat west. He bad nent tltne end money looking over California, the const country, and lived In I .os Angeles for three and a half years. He saw Benttle ftnd Tacorua and nent much time In Iienver. Finally he decided on Salt Lake Clly as offerlnf? the greatest opportuntiea of any city of the west. "Bait Lake City Is the bet place I ever saw for making money,'- said Mr. Hub bard. "And if a man keers t after he gets It there Is no trouble amassing a compet ence here in the Inler-mountRln west. The rewards of labor and investment are greater than anywhere else In nil this coun try. And the development has Just be run. When I came twenty-one years ago, the country was In a row and undeveloped state with a sparse population of semi foreign extraction. Now, with the thle of Immigration swelling to the proportions which It has assumed within the last few years, the values of lands, buildings and of businesses are growing over night Called an Ideal Finer. "My wn Judgment has been Justified many, many times since I first came here. From now on It is hardly possible for any man to make a mistake In I'tah property or In Utah Investments. This Is particu larly true of Salt Lake City. Tills place la to be the sole metropolis In a great area, of country 1.000 miles wide, east, west, north and south. It is not possible to build another city like It in all this sec tion. Within th last few years it has be come a wholly American city. And by that I mean the ldeuln which have taken root here and which are expanding into the clvlo life of the city, are those- of Omaha, Pes Moines, Lincoln and of the other mi wrt towns from which so many of our settlers. Investors . and new blood come. Mr. E. II. liarriman, - when he was the head of the great system of railroads which was known oy his name, said that there were tq be three great cities In the west. These were to be Chicago, Halt Lake City and Kan Francisco. He backed this Judgment with money. And now, carry ing out some of the plana laid down by himself, . the railroads of which he was the master, are to spend 15O.ono,C0O between the Missouri river and the Pacific coast. For at least 600 miles In each direction from Bait Lake City every dollar of that , vast sum to be expended within the 1.000 ' mile radius, will corao to Salt Lake City; will pass through our banks and con tribute to our prosperity. The Hill lines, under the astute direction of Mr. J. J. Hill, are building Into Salt Lake City from Castle Gate, Colo. The Moffatt road Is coming from Denver and of that road 50 miles of It ate In operation and the Colo rado legislature has bi-bre It a bill at this time to grant state aid to Its financing. Tho Moffat road Is an assured hope of the almost Immediate present. The North western lines are to build In here and the Rock Island lines have declared their In tention of building Into this city at tho earliest practicable date. With these rail roads Salt Lake City becomes the greatest hipping and distributing point between Chicago and the Pacific coast. This rail road activity will give to this city nine great railway systems and the roads will radiate from here much the same as spokes from a hub. Important Crater Now. 'This city will also become one of the most Important manufacturing centers of the continent. We have great deposits of coal all over this state and nearby Wyoming. Iron lies In Southern Utah In uch abundance that much of it haa never been located aad our oil fields aro among the mot valuable snd productive In thi world. Four of these1 fields hae been de-1 wlnpeil and grr.it activity Is being dls-1 played over the whole of the oil-bearing' strata. NVvt to Untie. Hlni,hatn Is thej greatest copper rural In the world and. possesses the crentest copper mine in all the world, silver, lead, sine are among the I'tah metals, while we have moun tains of gypsum and great hills of pure rock salt and unlimited deposits of asphaltum. In fact I'tah-la the richest stste In the union in every sort of metal and our gem ind Jewel deposits are un equalled In all the world. Ulrh In Opportunities. "The state is the richest In opportunities, also. The enlarged homestead act. allows settlers on Utah lands to take up V acres each. And of this land there are several million acres yet to be filed on by the fel lows with sense enough to take advantage of the opportunity. It Is a settled and known fact that this land will grow from thirty to sixty bushels of wheat to the acre without Irrigation. And there are several hundred thousand acres of choice fruit lands now being put under Irrigation which, when set to apples and peaches, will pay big Interest revenue on a valua tion of 11,000 per acre. At a recent land' sale conducted by the state of Utah at Ilichfield, on the line of the Denver & Ulo Grande railway, there were 10.000 acres of land to be told under the provisions of the state of Utah reclamation act. This land lies under tiie Tiute reservoir and canal project. And the entire body of land was Hold in one and one-half hours. It tonk Just ninety minutes to sell the whole body of Irrigated lands. There was not an easterner among the bidders and In Inntances the land and water sold for as high as $l(P ier acre. This land Is still In the sf ge brush, ha never been broken. has never been under cultivation, and yet it sold to our own people; who know what ruch land will bring In actual profits, at a price higher than muoh of the bst land in all of tiie middle west. It Is practi cally Impossible to foresee the values to ' which this land will rise when it is under intensive cultivation. And the same thing In land values Is occurring right here in Utah and rlsht now, that happened in the middle west fifty years ago. The young men of that earlier day" who had the strength and courago to seile the oppor tunitles In Nebraska. Iowa and Kansas are now rich. And the yountf men who come to Utah and seise some of theBe opportunities , here will become rich. Many Sales Made. Mr. Hubbard during the time he his ben In Salt Lake City has placed en the market and sold thirty-five subdivisions and Is rojv preparing to n.avk.'t a thirty Fixth. This latter will be known as Doug- Ins Tark and will be one of tha sightllest portions of this section. Thus It is that when ho speaks of the opportunity for In vestment, either speculative or otherwise, his opinion Is "by the card." "One of the examples which shows how remarkably profitable Palt Lake City, in vestments may become Is afforded by rur experience with Oakley 1'ark," said Mr. Hubbard. "We put that addition on the market three years ago, selling the lots for as low as $75 each. They are all soli1, now, but In the resales 1 noticed by the trans fers a few days ago that those ,iwi lots now are selling to other buyers at IW, or a net profit of over 100 per cent in three years, or 33V4 per cent per year. This la occasioned by the growth of the city ard the fact that values are constantly en the rise. "Another example Is afforded by the curious experience of Mr. Claude Richards of Klmhall & Richards, another realty and investment firm here. That company put on the markot Highland Park, con sisting of over 3,000 lots. In eleven months the addition Is practically sold out, or a near average of ten lota per day. The total amount of money involved will, approach two-thlrd3 of a million dollars, and I un derstand that every lot has been Bold to a resident of Salt Lake City or of Utah. Mr. Richards a few weeks ago wanted to build his own home in Highland Park and was somewhat astonished to find that Ultra were not enough lots lying together In the whole tract to make what he thought a sightly site for his home. He had to buy from former purchasers, with the result that he paid an advance of over 10 I er cent for those lots which he had to buy back from his own customers. Demand for Money. "Another opportunity Is the lending of money. Our people gathered from every station of the country come here with limited means and are compelled to use their available funds for the purchase of the home and to get a start. Therefore, there la ait Incessant demand for money at what Is a reasonable rate of interest here, but which is twice as much as the same money will bring In the east. In many instance the mid-west banks send their surplus out here to be loaned at these higher rates of Interest, thus mak ing a greater profit than would be possible In any other way. LEONARD FOWLER, " ' ' -V a. c W. K. HUUHAUK, &UuiLger of tUe Hubbard Invcaioieot Company. ' T Cd7 aV 4"V 4m " talkk I 1 CCD 0 s 9 5 0. E. Norton end H. 0. Norris, two Los Angeles specu lators, invested $15,000 as a first payment on a piece of lower Main Street property in Salt Lake City, Utah. The Hubbard Investment Company sold the property to the two men and took the $15,003 first payment. In less than six months later this same investment company rc-sold the property for the Loi Armeies men and netted them a profit of THIRTY THOUSAND DOLLARS. On an investment of $15,000 these men made OVER AND ABOVE ALL EX PENSES THE S.UM Or $5,000 per month for six months. TO MAKE IT PLAIN; they PUT IN FIFTEEN THOUS AND DOLLARS AND TOOK OUT FORTY-FIVE THOUS AND DOLLARS. And there .wasn't a minute of the time that this investment company was not "on the job." We planned and put through this profit making deal. And this is not such an unusual instance of the profits to be made in western Investments. Utah, is just beginning to awake. Sam Newhouse, the multi-millionaire mining man, who made every dollar of his vast fortune in Utah mines has just completed the erection of his two great sky-scrapers; the great Newhouse theater and the 12-story Newhouse Hotel are under construction; the steel is in place. J. R. Walker and Chas. A. Walker, of the Walker Eros. Bank, also made great sums of money operating in the steadily advancing values of this city. A. Fred Wey, of the Wilson Hotel of this city, has aho made a fortune in a few years. If you have a connection in Salt Lake City to give YOU the benefit of local knowledge of local conditions YOU can do as well. This opportunity here in Salt Lake City and in Utah is the last of the great opportunities to beafforded by the growth of the West. Write to me for full, free information today. You are under no obligations to us if you do. Le 4T Money deposited for savings in Mid-West and Eastern banks will yield an interest rate of from three and one-half to four per cent. There are fewer opportunities for the rapid increase of an investment in the older sections and thus money is worth less because it yields less. In the West this is not true. Investments made here grow with almost incredible swiftness so that the silver dollar of today has become the five dollar bill tomorrow. The fact that many people with small sums of money think they can do nothing with it, is due to their ignorance of conditions here as com pared with those of which they are well informed. IF YOU DON'T -KNOW ABOUT A THING YOU CAN NOT AVAIL YOURSELF OF ITS OPPORTUNITIES, NO MATTER HOW GREAT THEY ARE. Those persons who have been unfortunate with Western investments are those who at tempted to judge for themselves. WITHOUT ANY PRE VIOUS KNOWLEDGE OF CONDITIONS, VALUES, and with no manner of judging the possibilities and the proba bilities, they sought to do that which requires years of train ing, if it is to be done successfully. This company has placed on the market a number of additions and sub-divisions of this city. Of these Oakley is the most recent. There were 1,200 lots in this addition to the city. There were 130 acres of land in the addition. We purchased it for about $40,000 and sold the 1,200 lots at an average price of $100 each, thus making gross receipts from the sale of the lots of $120,000. The $80,000 was NOT ALL profit but we had a good comfortable margin to work on. We tell this fact to show you how profits may be mado in Western investments. The other side of the story is that there is not ona single owner of an Oakley lot today who can not sell his lot for fifty dollars more than he paid for it and some of the lots WinCH WE SOLD FOR 100 DOLLARS ARE NOW BEING RE-SOLD FOR $350.00. So you see, whether you have a large sum or a small sum the opportunity is here for you to more than 'double your money. Write to us today for full, free information." We will send you absolutely free of cost a beautifully printed booklet, with n'map, and we will send also prints.of the city almoBt fit to frame. Write to us today for this full, free information. ' Write to us now for, the FREE maps and literature. Tho mines of Utah are among the richest in the world, Bingham, Utah, is on of the rieheat eoppor camps In ths world, being surpassed only by Butto, Montana, Write to mo for free mir.infj Information. Thero has baan more money, made in Utah mines than ia thoao ef uny other Bi&te, -JLly free booklets and reaps toll how SHOW YOU HOW, Wrlta today for complete information absolutely free. Bend the coupon. MONEY CAN HE LOANED THROUGHOUT UTAH and it will yield an average of l'f, net to you. This is true of nil of the Inter-Mountain West. And the reason that SAFE loans may be made at this rate is most easily ex plained and you will understand the moment you give it .-i little thought. We will be very glad to explain to you how we can guar antee 7 net on loans and investments as safe us the safest national bank you ever saw. The security is gaining in value every day. The ability of the. borrower to pay is increasing every day ho stays in the country. Let us explain how we can lend from $o00 to $5,000 for you and net you 7. Our information, plats, maps and booklets are all FREE. Salt Lake City increased its population 74 during the last ten years. Figure the present value of a dollar invested in Salt Lake City ten years ago. Yoi can double your money in Salt Lake City. Loans made here on city property are absolutely safe. Salt Lake City is the center of the greatest mining and smelting industries of the world. The railrojlds entering here recognize this fact and the liarriman system, alone, i expending $150,000,000 in betterments to its roads and in extensions of new lines. Salt Lake City is certain to be one of the important manufacturing cities of the country and is certain to have a very rapid growth. And money invested here in Salt Lake City real estate, Utah mines or Utah farm lands is certain to yield a very great profit. Write to us for full, free information concerning oppor tunities fitted to YOUR purse. We are glad to inform you. Douglas Park Offers a Sure Form of Safe Investment. We are just placing on the market our thirty-sixth sub division. It is the sightliest portion of Salt Lake City. Streets will be graded, with cement sidewalks and ce ment curbing. These lots are to be sold for a cash paymont of $25 and installments of $7.50 per month. We firmly believe that these lots, now soiling at from $325 to $500, will be re-selling at $1,000 before the end of the first year. The REWARD that Norris and Norton enjoyed, in a big way, is YOURS in a smaller way proportioned to the money you invest. Write for the rrr booklets, plats, map" that we wnd fro of cost. Write today. 6 Send ths coupon. 9 Ct 0' 2 Hubbard la vesta W. f. HUBS AH D, fSdaegsr. Salt Lako City, Utah gilt Co 4. 0 0 AT ,V .V" v C' 0v crsr r ... 4 u r 10