The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1858-12-01
Advance Unreal Estate.

The increasing abundance of money, and
the growing distrust in corporate Stocks AID
bonds, and the difficulty of finding safe and
profitable investments in the old channels Of
trade, are directing increased attention to
real estate. In all parts of the country
except in few localities where towns have
had premature growth-we notice steady
and rapid advance in the prices of real es-
tate. This advance is even larger at the
South than at the North. Within the cot
ton region, the high price of the staple for
the last three years, and the general prosper
. ity of the Planters has had an important in
fuence upon the price of lands, and in no
section of the country has the increase in
value been in a greater ratio than in the
country below the cotton line. In Arkan-
sas, Mississippi, Alabama, Louisiana, and
Texas, the prices of lands have gone up from
fifty to one hundred per cent in four years.
Town and city property at the South, have
also been enhanced by the influence of rail-
roads, and the general improvements of the
country, in an equal or greater ratio.
In the middle Western States - Ten
nessee, Missouri, and Kentucky, and in
Indiana and Ohio, in all but the ez-
IRENE Northwest, where prices were
extremely inflated before the panic, the
rise in the prices of land for the last two
years, notwithstanding the financial and
commercial arrangements of the country,
has been steady and quiet, and is likely to
continue with increased acceleration.-
Lands having fixed quantity-the increase
of both population and money is operating
as a compound lever 10 raise their value.
All the great fortunes in the country have
grown up from investment in real estate
But those yet to be made by the great land
monopolists will be of mammoth proper
tons to those which have been accumulat,
ed. The increase in the price Of lands from
one year to another, may seem slow to The
impatient seeker of fortune but com
the West and South for periods of ten years
and the annual per cent. of increase will b'
found to be greater than the dividends OF
the most profitable stocks. To those WHIT
do not need the annual interest on the
capital for their support, the purchase o
good lands at present values, must be thu
safest and most profitable investment to b.
made.
The abundance of idle money at the Eas
is stimulating operations in real estate, ant
property in town and country is advanc
ing The sales and transfers of building
and lots in New York and Philadelphia
have, of late, been unusually numerous, ant
the papers of those cities refer to thes
movement as showing q greatly increases
activity in the real estate market. TIL
sales realize prices in advance of previou
sales, and indicate brisk competition
among purchasers. 1t is thought that til
disposition to invest in this kind OF prop
erty was never SO marked as it is now. l
Cincinnati and st. Louis there are tn
same indication OF growth in prices. TIL
same may be said of nearly every town o
the lower Ohio, while the lands upon i
banks never advanced more rapidly
prices than the recent sales show them TO !
now advancing in value.