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THE COURIER
V.
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Muttding Boom
..is Still On
Ileal estate men are happy; buyers
are happy; owners are joyful; builders
are plentiful; and all are busy. '
Not even In boom days was city
property selling at higher figures than
now. And the virtue of the present
values is that they are solid. In those
far days they were inflated.
The peculiar feature of the situation
is that notwithstanding the fact that
carpenters and masons are busy all
over the city and houses are daily
coming to completion the demand for
rental property is none the less strong.
The reason is that people are throng
ing to town from other parts of the
state and also from other states. Some
of these are building; renters, too, are
building. Together they strike a bal
ance of activity and houses are scarce.
This Is the time of year when real
estate transactions reach the ebbing
point. The lull has prevailed several
weeks and will continue several more.
Things are in the hands of workmen
now, rather than with the agents. It is
just the common summer dullness to be
found existing in all lines of business
to more or less extent. People are out
of town. They are off to the resorts
that guarantee the least perspiration
and depression. Those who are pass
ing the time In the shade of their own
cool trees are not busy buying land for
houses, but building on what they have
already 1ourM. When the other folks
come back again and fall weather of
some degree of coolness arrives the
trade will revive, leal estate men pre
dict that it will continue strong all
winter.
People have faith In Lincoln prop
erty. The owners show it by keeping
shy of the market. Others 'show It by
searching them out. There was a time
and it was only a short number of
years ago, when It was boasted by the
enemies of Lincoln that the whole town
was for sale. It wasn't hard either for
a real estate man to step out of his
office and in a little while And a piece
of property of any description for any
body who wanted either to buy or to
rent. Now nine men out of ten refuse
to set any price on their property. They
don't want to sell. They are contented
to stay where they are. And what lots
and houses are for sale at all have
easy command of big prices. Lots
which found a hard market at $300 less
than seven years ago now bring $800 or
$1,000 like finding it.
No part of the city is devoid of new
buildings in course of construction, but
the most of them are in southeast Lin
coln. It is there, too, that lots are the
highest and the buildings that are go
ing up represent the heaviest invest
ments. There are several good rea
sons why home builders are hungering
for possessions out this direction.
First, there is no other direction that
may be called of gilt edged desirability.
On the west and southwest the town
is bounded by the bottoms and the
humbler classes. There is good land
U. G. POWELL.
Good bread rules the world or comes pretty near doing it. It is the
work of making good materials that enter into goad bread that we write
about Mr. U. G. Powell, the subject of this sketch. He graduated from
the high school of Dayton, Ohio, his native state, and afterwards took
a commercial or business course in one of the excellent colleges of that
city.
In 1SS2 he came to Nebraska City with his parents. He soon found
employment with one of the largest grain companies In that portion of
the state. He went to Brown ville and became a telegraph operator and
In 1885 he -was employed by the Western Union Telegraph company at
Nebraska City. In 188G he accepted the position of stenographer and
operator for Fitzgerald, Lloyd & Co. of West Lincoln.
The next year he entered the employ of the B. & M. telegraph depart
ment and worked for that company eleven years. He became convinced
from observation and experience that he no longer desired to work for a
corporation and In 189S he opened a small feed mill at 420 North Ninth
street in this city and became his own boss.
For a long time it was prebumed that good wheat flour and milling
products could not be made to advantage in this city, but the enterprise
and ability of Mr. Powell have proven It otherwise as may be evinced
by the big local trade this mill enjoys. In January, ls00, Mr. Powell
was one of the organizers of the Lincoln Mill company, which purchased
the plant operated by Seeley & Son on North Ninth street.
Mr. Powell was elected secretary-treasurer and general manager of
the new company, which has given to this city a flouring mill second to
none In this part of the state. Its success has shown that a mill can
be successfully operated here as the products of the Lincoln Mill com
pany go Into the competitive markets of the world to sell its output. It
is a fact that ought to be appreciated by the people of this part of the
state that this mill has shipped over 1,000,000 pounds of flour within the
past year to Liverpool, London, Glassgow and Rotterdam, the principal
markets of Europe. The leading brands of flour made by this company"
are the "Capital" and "Honest Abe," which are well known to every
housewife In Lincoln and contiguous territory.
Mr. Powell Is serving his first term as councilman from the Third
ward and resides at 1234 T street- He is chairman of the finance commit
tee of the council and so far has proved to be the right man in the right
place. Mr. Powell Is also a member of several secret and fraternal so
cieties and is a strong promoter of education.
south but a prejudice exists against it.
Several years ago the titles to it be
came entangled. Considerable litiga
tion resulted. Though they have en
joyed the removal of all kinks since,
the courts did not fit their rulings to
include prejudice also.
North of O street beyond the line of
the university come the railroad tracks.
They act as a bar to the fashionable
element In that direction. In east Lin
coln there are good properties, but to
get to them the Keck Island tracks
must be crossed. A great many would
go any direction to dodge railroad
tracks. Southeast Is the handiest.
That part of town Is young and high
and handsome. The pavement of Sev
enteenth street penetrates It admirably.
South of F street the trees may not
be as large as elsewhere In the city,
but that fact is not such an objection
as to lessen the value of holdings there.
In fact to go west from Seventeenth
street, keeping a reasonable distance
south of F street, one will encounter
property worth much less than that
east of Seventeenth street and north of
F. Not that this southern belt is in
expensive. Far from It. Ask anybody
who has burrowed into his bank ac
count to build there. But It Is not so
costly as that on the east side.
When the university students begin
to come back rents are likely to stiffen
again appreciably. Room for a couple
of thousand students must be found
somewhere. The consequent crowding
gives rise to a certain increase in ren
tals. Real estate men like to have the
students here. They do not believe for
a minute that the university is a detri
ment to the town. More food must be
bought, more clothing must be handled,
nearly every line of business feels the
good of the presence of students In
greater or less degree. As for rents
nobody knows better than the renter
himself that all this new construction
has not lowered them In the least. No
desirable house in town can be had for
less than $8 or $10. It is difficult to
get them at any price.
Values were never at a more whole
some pitch. No better evidence could
be asked than the fact that so few are
willing to set any price on their prop
erty. It is a condition of which the
real estate men are proud.
Rounder There are two kinds of
girls a fellow should never flirt with.
Saphead Ta-as?
Rounder Girls who are so young
they don't know any better and girls
who are so old they mean business.
4
European Faugh! Your American
girls lack grace. They ' don't know
what to do with their hands.
American It certainly looks that
way, when they bestow them upon
foreigners.
-x
Chauferon Percy Perker is having
awfully tough luck with his new auto.
"Sudden Death" ran down another
child yesterday.
Carr Jove! That Is tough! Why
he hasn't got a single adult to his
credit, has he?
Medicine Cabinets
Ever get up away in
the night and sort
over a lot of bottles
on the top buttery
shelf to find a remedy
you wanted real bad?
lip
mm
Then you know the
value of a Medicine
Cabinet a place for
every medicine and
every medicine in its
place.
They are made to hang in corners, or on the wall; with or without mirror
doors, and in combination Bathroom Cabinets.
$2 25 TO $10.00 EACH
SPECIAL CATALOGUES FREE
REFRIGERATORS PORCH FURNITURE ELASTIC BOOKCASES
RUDGE & GUENZEL CO.
1118-1128 N Street.
GREEN GABLES.
HrAiK T B.SSSSSSrSSBSJSSBSSB -I SBX
The Dr. Benj. F. Bailey Sanatorium
Is not a hospital, not a hotel, but a home. The building is located on a sightly hill at Normal,
and fa reached by the oars of the Lincoln street railway, being only 28 minutes' ride from the
business center of the city. It is thoroughly equipped and beautifully furnished. Erery
electric current useful In the treatment of the sick Is used, and Ideal Turkish, Russian, and
Medicated Baths are green. In conditions where the kidneys and lirer are affected, and In
cases of rheumatism, our Hot Air Treatment has been- remarkably snocessful. For full in
formation addreess ThoM. r. MsHmy Bmnmtorhim, Lincoln, Mmm.
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