, 1863-09-14

1nvestE1cnt Of EapItal-FiuapcIaI I'm.
.,, portance OF The t. AXE Cities.

Taken altogether, the real property of fh
trec states L bel at about the same price
q !pled IT. In 1858, ten years ago. The WeaiS
'tl'an doubled. The last censns shnws @ ~ m.J1 y
'feresse u wealth. between 1850 and 1860, !,
ell the Sfates und territories, Of rs uer rent
IT. 'uclSa.e In population being IS lie pe
cart VIII rea1 estate econ take ,au uowarr
n. :ement? Many ndyarious reasons seen
70 iavor The expectation Of q speedy and grsa
advance In that direction The fact ef II
having remained stationary: or nearly So
since 1858. and the habit it ras, in this conn
try, nt goitg up by great leaps, may vel
lead us to Expect an active upward move
nent very sooa, independent Of additional
aeceleraftrg causes. Some of these causes
will be briefly suggested.
The change ffon, . lory pe:ce to n preat
war, calling for immense additional pablic
expenditure, and the ftelsnr- natural 10 the
holdels CT The capital, in this condition: If
atlairE, OF fneecurity In moet kiuds Of per
soLal property, naturally lead TO inycgtmenfs
In reut estate, the most stsblc Of human pos
eess.ens; un to this time, however, the
personal property, vlich, in the shape Of
ponds, etccks, Nc has been radidly appre-
clat1ns under the etnmilous Of a large auc.
| msh1at1on ol the circulating medium. h9s
drawn the capital not needed for business
| purposes INTO the vortex. The operations
IN in1s d1leeilcn haye carried up paper Sect
3e,es nearly, not quite, to the highest
point at which they can ba profiablT aus
taisel Inc government, since the war, has
aooed more than one thousand millions to the
noanng capitol. Tbs use of this, with other
coope1atttg causes. has added not less than
s~o .nonsand millions to the estimated value
q available securitfce-of railroads, can1ls.
mines, manufacturing ostabli: :hl1ents and
olIer etecE institutions It Is probably mol
IN ore1skatemcnt t1at the ayailahla cirrn-
Iatng capital Of the country has been .nrr,
.nented u three thousand millions durinp
'ns past tWo Jears, and that two tlounand
year: 41'A17 'n0 pas'
:, io EurFote that ths effect OF this swelling
uoe o1 currency will not be felt In large mea.
eu1c On well placed real estate requires az.
gree cl ctedulity in Elvor Of the status guo
oaE offfnm Possessed BY few who allow them
1--WE feases ~ ne Luxury Of drawing conclusions
vcstmenis, speculation-ay speculation ram. NJ
rant on4 wild-appears Inevitable. There i.
LOW chance for wise Investment IN real a.
tate. There bas probably, neyer before been
70 laFo1able si1c z1r Eocd .pc.mauent ia
the1ee hath u The realty That speculation
ntnt n1de' u :" ne,a reasonable and Wild is imni
not De aFailed Of by men ct capital to place
shear money where 1t will be most safa and
iennnerativc. There is always this strouaest
!,endeney to overact in tho most profitable
tl eneetlon. a1d to counterfeit that which is
In what kinds Of real estate aud where attn.
a1ed: 1t ls pertinent to inquire, before decid-
,9g on this kind Of Investment. The Kind |
snonld be ground In or near growing cftv- |
n9y: becauae the tendency Or Population
and wealth, In this country, to coasreeate
n5o concentrate In and near cities, Is exhibit |
ca more ard more ronspicuously by every
Euceeed1ng deccnnial census. Tia whole
from 1850 to 1860, increased In DOM
[aticn IS 1-2 per cent. The ten largest eea-
post cities increased fifty three (53) per cent:
ne zen hfsest lnterl r cities Increased 10 pei
per cent, and our ten largest lake cities 13S
per cent. O these lake cities the increase
'er e: cent. Of Chicsgo was 2G5; Of Toledo. so:
aliwanFee, a 12G; Detroit III, aud ClayeIand
~. II these figuIee give q fair representa-
ion O. tne Law OF their future growth, or
tiord reasonably safe basis for pSrsons ~.
irons Of making the best Investment in or
Impartial Investigation will probably ro
ui9 : \. IN NE conviction that the leading eitios
ne great interior plain are likely 70 lave
7n1a a1e ,and iniple, Is lhey hare had in tha past
le border, and TINT the leading cities On lt the
real lakes viii continue to exhibit a ~ IA
Ap1d growth tllan the leading clties or the
tca tcat i9.enor rivers. The commerce Of The
seaI plaa more and more seeks the lake 6
Etts ~ = ~ Pie!eenee TO the river cities. Of
US lact any one can gat proof By examintnr
le commercial reports during liza last ~
eara the cities Of st, LonIs AMI c;,ia, - 4
ID q Cincdnnati and Toledo, As hetwSc1,,
~ o!a ano new States the balance nj nnnn.
t,oa ~. Is already alightly in favor Of thc new
1ssn M +baan Sauo slss OF increase, as from 1850
ne nc Atantie m States, l0, a53, ,51a, and the naT 4
Fates, "a, 1O.08I. At present fhe nrbo1 n9s aas
lburhan population Of the old free stafae !.
aooat cne-third Of tho whole
1inGeI; while In the new free statec about
.be entiTatiog dTo ee destly 95
y tion Is in nprocess Of rapid reduction. Tne p
ercase Of capital engaged In mannfscsnres q,
om 1850 to1SG0 was: In the New Fnp',ni Is
ates, sixty four Per cent? IN the Middle L
ates, nnety-seYsn; ard in the Western ?
atss, one hundred and 'tlfty-two. The l, l,
'rcentage of increase Of hands en-. Z
eyed IN manufactures was In New q
,gland, forty-live miles and acver. l.
en fe1ralss; In The Middle States. fiftv-
rec males and thirty two females and in tie IT
este1n States. Gfty. five males and ninety six !"
1aiss. II manufactures under $500 had II
en- lnclnded, the gain OF the Western States Us
'uld have been Ii! still greater proportion. n
'e laEe cities drawing commerce most b,
Eeiy IRON the great river valley are Chica- 81
tlcir names. ~'o3' II
T above i1disputable facts plsin1y indi- "
. tneeE clt!es as the centres Of the best ar
ds for profitable investment In real estate at
'rogided anticipated values have not NJ a1
cy made the price too high. There are
nts IN Or near all rapidly growing cities. vi
ere wlse forecast may be used In mr.. nj
sing at prices much above the a9pareut IN IN
ue, that II to say, the value for present or 'fc