There can no longer be any doubt as to the future development of the city of Phoenix. That question is as firmly settled as it will be five years hence when blocks seven and eight stories high pierce the azure blue of the balmy sky.
Within the last sixty days a quarter of a million dollars worth of city real estate has changed hands at advanced figures. The town is full of conservative businessmen eager to invest in real estate and embark in business pursuits. Within the last six months at least a million dollars of capital has found its way into Phoenix, and the representatives of not less than a million more are now on the ground ready to bring their money here at once.
A number of the most prominent business corners, not only on Washingto but on Adams street, have been sold within a few weeks and not less than $300,000 worth of buildings are now in course of erection or ready to begin immediately. And yet there is no boom. This is a steady, quiet growth, the result of a healthy demand for every building now being erected.
Phoenix is the natural supply point for the entire southwest, and the railroads are not slow in discovering this fact. The Santa Fe will be in Phoenix during the present year, the Southern Pacific will come and the Rock Island and Denver & Rio Grande are both headed this way.
Two electric lines of street railway are being constructed, stone sidewalks are being laid on the principal streets, and all of the advantages of a metropolitian city will soon be enjoyed.
It is predicted by people acquainted with the history and growth of Denver and Los Angeles that in five years Phoenix will be larger than either. And why not? We have more advantages than both of those cities combined.
Without question now is the time to invest in Phoenix,. The city is attracting the attention of the whole country, and during the year thousands of people and millions of dollars will come into Phoenix, the peerless princess of the great Salt River valley.
– The Arizona Republican, 1893-01-18, p.4