, 1863-09-13
-EEECT OF THE WAR ON
REAL ESTATE.

tFrom lie n. T. Evening Tost, 19th.7

Nc 4A%A ~ A1s$o} kEA 3CAFa kuE wealth
Of the country, 10 the meantime, has nlora
than souhltd. The last CELSIUS shows au in
crease in Nealth. between 1850 and 1860. In
al the Etatcs sLd ter,itor1rt Of l25 per cent.
the incrsake In population being IS . per
cent. VIII real estate coon take IN upward
Moteneft! Many and various reasups seem
to farcr the e1pectatlon ofa speedy and ereat
advance in tLAt direction. The fact Of i,a
having rtmained Stationary, or nearly 60,
since 1e''3, ons the hsbtt 1t tas, in this coun.
try J. # going up bJ great leaps, may well
ltad us 10 expect m active upward move.
acc&lcratirE causes. sonc If t4cso causes
wDl te briefly suggested.
The change from loDg peace to great
w0r, calllCE for immense additional public
expenditures, and tho fee lug natHgal to the
hslters q the capital, In this condition OF
.datts, OF tnEccurity IN most kinds of per
IL real esiate. the mostetablc Of hu man sos.
ssat'ons ur to this time, however, the
enpfation In use mpnty in the purchase Of
Ir1S6nal property, which, In the shape Of
bonds. stocks, &c has been faaidly appre.
c!atlLg .uater. the ttumilous Of q large aug.
drawn the capital not pceded for business
rurrofes INTO the vortex. The operations
In this direction hare carried up paper secu.
5ettss tNar'y, IT hot quite, to the highest
point at wlich they can lie rro0tably sua.
tained. Ihe government, flrca the war, has
aescd mole than one thousaId millions to the
Heating caItlfal The use Of tilis, with other
cHorers'lpg causes. has added not leas than
TWO thousand millions to the estimated ya(uc
If available tecnr't!eA-4Gf rAilroad., can1ts.
n.lref. manufacturing establishments and
osher stock inHtitutionb. It IA probably not
~ oyeIstatement that tho available clrcu-
n.enitd s" fhfses rs ySS2@n:!s ias aeen aug.
the pas. Two years, and that two tn5ass..n.R
nilllous hare been added during the pAat
yeur.
TO euproec that the effect Of this swelling
tidc oi cu'Teucy will not he felt iu fnrgs luea-
tuic on we'll placed real estute rtnuirca de-
GREE pf crctlultty In favor Of the stasas quo
ante tsnans rofstssed W few who ALLOW them.
from new facts That It will cause nctlve lu.
rest1nenta, kpcculatlon-aye, speculation ram
| {n1t and wi1d-npprars Inevitable. Tllore Ii
LOW chancc Tor wise investment in real e.
| tate. There has. probably. rcvcr tcforc been
| 70 favorable n time Tor yr.d permanent In
therein, both reasonable and wild, IL itntni
| n.nt, Is no 1caaon why the occasion should
| OF be ayai}cd Of by men et capital to plact
their money where It will be most safe atlG
remurcrative. There is always the strongest
tendency to oycract In the mos. profitable
direction. and to counterfeit that Which Il
most vnlnable.
In wlnt kinds Of real estate and where stu
ated7 1t Is pertinent to inquire, before decid
irg OH this kind Of investment.- The kint
should be ground In OF near growing city
Wbye Hecau1e the tendency Of population
and wealth, in thia country, to cougrcEat'
ard concentrate in aud near cities, ts exhibit
cd more aud more consplcuously By ever
succeeding deceunIl censns. The Who'll
country, fIom 1850 to 1850, increased in popu
lation s - per ctnt Tha ten t.se largest s ss.
Lort cities Increased hffy three l5S) pes e cent
cent the ten largest Interior river cities 6
per cent, aud ouf ten largest lake cities Ii
per cent. or these Lake cities the tpcreas
per cent Of Chicsgn WIS ::Ai5; Of Toledo, .6l
Milwaukee, 126; Detroit III. and Cleyelan
100. II these figure. give . fair reprssentf
} which the reader must judge for HIMSELF the
offord reasonably safe baels for persons d.
elrous Of making the best Investment In {
Impartial Investigation will probably 7,
, suit In the cGnvicllon that thu leading cltis
, IL the future. rs theT hare had in the past,
: more rarld glowth tbau those on the Atla'
7 tic border, and that the leading cities On Il
9 great lakes Will continue TO exhibit q N !,
? Tapid growth than the leading cities on Il
!. great Interior rivers. The commerce OF t
!, great plain more ard moro seeks the lxl
;. ports In preference to the river cities.
: ihIs fact any one can get proof By c1amiutu
;. the commercial reports during the last II
# wears !, + the cities Of St. Louis aud ChicaE
+ md Of Cincinnati and Toledo. As bet#et
r the old and new States the balance OF pop
c lation is already slightIy In favor Of the ne,
: At the eame rate OF increase, as from Is.
. to 1870, these sections will contain In 1871
u The Atlantic States, lo,o53 .5l9, and the ne
States, q, Ito. .0S4. At present the urban n
r suburban population Of Tho old frce Stat
6 constitutes about onc.third OF the who
; number; while In the new free Statee abo
IS fivesi1ths are engaged, directly Or indirectl
l. In the cultivation Of the soil. This dfspr
4. portion is In process Of rapid reduction T
u incfeaxe Of capital engaged In nanufacsnt
% from 1850 to 1861 WAS: In the New Engla
2 States, ninety-Eeyen; and Ia the Weste
j! States, one hundred and ffty-tHo. 7
ID percentage Ct increase of h1nd5 e
n: r1oyed In manufactures Wal: In NJ
Of England, forty-fve males and Eeye
e teen fcma1,s; In the Middle States, IF
\, three males and thirty two females and Ia t
Is Western States, tiff. .tlye males and ninsty
4 feu. ales. II manuflctures uudsr- 500 b
b. been included. the gain ot the Western Sta
Is would haEe been In sill greater proporti.
:, The like cities drawing Commerce n
y GO, Toledo AID 3Uwaukec, and In the or
y, 4. tf tEeir nsuce.
III Tie above i1ditpotable facts plaia1y In
f. cate these cities as the centres Of the
T. ts]ds for profitable investment In real est
y. provided Anticipated values have not
readg Made the price too high. There
N points in or near all rapidly. growing cit
a. where wise FORECAST may be used in y
ls chasing, st prices much aboye the appa.
= value, thst is to SAT. the value for p1esea:
- SPEEDY Use.