The weekly Ottumwa courier. [volume] (Ottumwa, Iowa) 1857-1872, 1863-09-24
EFFECT OF THE WAR ON
.1.4.p REAL EsTATE.N vssS1
Investments Of Capitai-Finan-
$500 cial ImpOrtamce Of the y
's.., Lnke Cities. .s1

NJ II z tsF
ss cial Importance Of the u
Z e. sg ,e. *, Lnke Cities. n
" $3.50 From the N. Y. Evening Post, 18Th rl1
Taken altogether, the real property Of
the free States Is held at about the same
prices As ruled in 1853, ten years ago. The
wealth Of the country, in the meantime, has
more than dorbled. The last census shows
an increase in wealth. between 1850 and
1850, in all the States and territories of
1913 per, cent, the increase in population
b.ing 35A per cent. Will real estate soon
take an Upward movement! Many and
various reasons seem to favor the expecta.
ton Of speedy and great advance In that
direction. The fact ef its having remained
stationary, or nearly 81, since 1858, and the
habit il has, in this country. of going upby
great leaps, may well lead US the. expect an
active upward movement, very soon, inde-
pendent Of additional sccsierating CAUSES.
Some Of these causes will be briefly sng-
sested.
The change from long peace to % great
war, calling for ini,rsnse additional public
expenditures. and the feeiin, natural TO the
holders Of the capital, in this condition Of
affairs, Of insecurity in most kinds Of per-
sonal property. naturally lead to investments
Ia real estate, the inost stable Of human
possessions. Up to this tim c, however, tho
temptation to'usc money in the purchase Of
personal property. which. in the ,shaps Of
hond>, stocks. &C., has been readily appre-.
cia,ing under theh stimulous of q large aug 1
mentstion of the circulating medium. has
drawn the capital 2not needed for sbhsihsas
purposes into the. vortex. The operations
in thus direction have carried up paper .sscu-.
rites nearly, it not quito. to the highest
point as which they can be rproatably AiS-
Itainsl |. The Govsrnnent, siacs' tho var.
has added more than, one thoussad millions
to the fmtiny capital. Tho uss Of this.
with other cooperating causes, has added
not less than two thousand millions 10 the
estimated value of available securities-Aof
railroads, canals, mines, manufacturing es-
tablishments, and other stock institutions.
1t is probably not an over estimate that the
availsbie circulating capital Of the country
has been augmented by three thousand
millions during IN. past two years. and that
two thousand millions have been aided
Outing the past year 4 z liN8 p9R
To suppose that the effectof t'.is swelling
tide Of currency will not, be felt in large
measure on well placed real estate rrq'sires
a degree Of crrdulity in favor Of tho statu
quo ante betluns possessed by f. who allow
themselves the luxury of drawing cepclu-
sions from new facts That it will cause
activ. Investments speculation--cye, spec
ulati,n rampant and wild-appears insvita-
ble. There Is now a chance for wise invest.
inent In real estate. There has, probably,
never before been 40 favorable time for
good permanent investIaents in the realty.
That speculation therein, both reasonable
and wild, is imminent, is no reason why
the occasion. should not be availed Of By
men Of capital, to place their money where
it viii be most safe and remunerative. There
is always tho strongest tendency to overact
in the most profitable direction, and to
counterfeit that which is most valuable.
In what kinds Of real estate and where
situatedf il IS pertinent to inquire. before
deciding on this kind Of investment! The
kind should be ground in or near q growing
ciry. Whyi Because the tendency Of
population and wealth, in this country. to
congregate and concentrate in and near cities,
IL exhibited more and more conspicuously
BY every succeeding decsnnial census. The
whole country, from 1850 to 1850, inereas-
ed in population 35S per cent. The ten
largest seaport cities increased Rfty-thrss
(5S) per cent; the ten largest interior cities
incseased 70 per cent; the ten largest ints-
rior river cities 65 per cent, snd our ten
largest lake cities. 1873 per cent. OF these
lake cities. the increase per cent. Of Chicsgo
was 265; Of Toledo, 26O; OF Milwaukee.
1876; Of Detroit, III, and Of Cleveland, 100.
If these figures give fair representation of
the law Of their future growth, Of which
tho reader must juigs for hilnself, they
afford reasonably safe basis for personS
desirioas Of making tl,e best investment ii
or near cities. IS y. 81. teasl q SIS. q, f..
Impartial investigation win probably re-
suls in the conviction that the leading citiss
Of the great interior plain are likely to have
In the future, A. they have ia the. past, :
more rapid growth than those on the Allan
tic border, and that the leading cities on the
great lakes will continue to exhibit more
npid growth tnan The leading cities on the
great interior rivers. The commerce of the
great plain rnors and more seeks the lake
ports in preference to the river cities. OF
this fact any ono can get proof by examin.
ing the commercial reports daring the last
ten years Of the citiss Of St Louis aud
Chicago. and Of Cincinnati and Toledo. An
between the old and new States the balance
Of population is already slightly In favor Of
the new. 1sr 7pa 1e3,s slsh ~ = !,
At the same rate Of increase, - from 1850
to 1850, these sections win contain in 1870
The Atlantic States, l0,25s,5l2, and the !
new States, ss4,l7o.os4. At present the
urban and suburbaa population Of the old
free States constitutes about enc third
Of the whole number; while in tho new
free States. about Ave. ixths are engaged. |