, 1869-02-25
SUBSCRIPTION TERMS :
PAYABLE IN ADyANCI


Address. TRIBUNE CnArASf.,
STAND FROM UNDER!
To say that operations in real es-
ta,e in this city are jus: now unprece-
dcntci is to tell no secret to anybody
here, for the fever has spread to all
classes. Those having tens OF thousands,
those having tens OF hundreds, and those
only with tens OF tens are "goIng their
pile"-so to speak-on rise in lots.
How far CT they msy be, OF how deep
down, does not In the least matter, pro-
vided they are within any mentionable
distance OF the city limits. They are. all
on railroad, CT piankroao, or near
station, OF fronting park, or OF boule-
Tard, or have lake front So many
minutes from the Court House, at so many
dollars the front foo. to-day, st two dol
lars adv ance tomorrow, with iarthcr
rise Of i've dollsrs the next day, are the
current operations OF ffthe land is SO tar
of that the distance is measured in miles
and not in minutes, and is bought by the
acre ard not the front loot, the first step
is to " subciytde'' and bring it down into
1o!sand up into fool-prices. Buy 10 sell,
not buy to hold, is th c rule, ard SO rapid
~ does enc advance follow another that
transactions are constantly occurring
wh.re the purchase Of the morning is 70,
I'D OF before snn.down a. profit. The
more sangulne hold on FOR the fortune
they see In prospective, and havs tho
comfortable teeling,ot men rich in tit}e-
deeds and to be rich, few months hence,
In money. Some money is made In fact;
an immecse amount made-in expccta-
tion. To help this stale Of afiAirs
Eastern capital lie ent1ced here
by the glowing representations
otorcra'ors and the actual gain in first
transactipne. The ten thousand dollars
that has grown into fifteen in thirty
days is followed By ten times ten in the
confident hope Of pro rata profit. The
largest number 81 TIT nsnctions, however,
nrc, undoubtedly, in the hands Of men Of
limited muans whose operations sre car
ricd On on two.thi1ds credit, though
properly worth from sf .500 TO $4,000 the
front loot. to handle which .rgc osp-
f.nl III necessary, Is by no means inactive.
Uq1dly anything can be offered for shlc
o. any rTlcc TINT will not find pur-
chaser. Thope holding los or lands arc
almost a'fnid to unmc price, ho tasttcr
huw cxtravsgant, ltB, tnulchnjy should
get ihc advantage of them by taking
them IN. AMI alI this, Il ia ins!sse'', Ia
not II speculation, but II lair ta.!nsle ot
vnln, II predicate Il IN thc wonderful growth
&! (.A'cnEn within tho InH: ten yvRrt.
o. tsEnr, W. hope that everybody II
nbont IL make l'rsunr, FIR tnrluncA nrN
gncd things 10 have, Notwithstanding thu
MorAlista. But IL Ia Atycg,llnlcss Il nota-
bic fact That all over tho country tiers
Is, and has bctn tor mnns|la fur more
donc in Speculation than In what Ia called
lcg.s,ms,e bus,ness. Il showed itself
first in Ini'rohd stocks In New York, and
reached there magnitude Of rascasi'y
hitherto thought unattainable, even IN
Wall street, enguldne, at lust that ins.i-
tuition known in the past as, and still
called, by pcetic license, "The Halls Of
Justice From stocks 1t spread to
Thes., 10 corn, TO beef, to pork,
to lard, to whatever else could be bought
or srld for money or tor credit, bought
CT sold H. an article having an existence
CT that could be presumed to have one
1lesc exhausted, OF The bottom knocked
cut oa them, and speculation comes dowI
to tic solid ear.h to corner lots, TO from
lots, TO pa1k lots, 10 water lois, to lake
front los, TO boulevard lots, to farms IN.
diviued, TO tsrns subdivldej, aud farm
capable OF division, rcdlvis,on and sub
division to the m.nutest nnss,ble detre
in the third rule ct arithmetic. In Net
York they are sure that the growth {
tre Conn c1cial Capital ot the countr
Ha,r,nts tht isbnlous prices paid #
xtal estate; in Chicago We are equal
certain th.t tho Metropolis OF the Norsl
wcs. jus:if1es similar movement; and
uei'her place does anybody hint tht
thee is any possibility Of dlscountiu
The future.
But possibly there may be some fac
OF the time worthy ot moments seriol
1cflecticr. Our commerce has been tc
IiblY crippled uy 1uiuous tariff and q
irredccmab'e paper currency, and lceiti
mate ra1e errcn1 6" s~r as ia uecessar
10 supply the immt diate wants OF II
comuuclty, has come to a siaud-stil
This alore would e1ci'e speculation, eve
if morty wire not abundant, for cvt
Congressional stupidity cannot repre-
the activity Of the people. But mon'
or what passes for it-being abunda1
The incittment is intensified, first, bccau
there Is no legitimate use for capital, ar
sccord, btcsuse there is so much oi VIII
is ca1Itd caoital lying idle. N.arly
thousand millions OF pane mons
ftek5 employment; its price
cheap, Tor it can be III
slmos' fer The asking, and bsnks eli ov,
the country are anxious 10 lend the
c1edtt'-wh'ch IN bills or exchange pa
fo1 80 much more mohty-to tho fit
ccmef with aby reasarnblc chow Of s
curly. This Stimulus of q paper Gu
Icncy-B rrJHaise to pay which Il
rromisnr hopes he may not bG call
urun 10 fcIcem-is lenu'ng Rn nctivi
speculation which sctss selirl In eve
uireti tr, ard gives fictitious value
vla'cref 1t trucheE. Az Il was true
ratlt"stJ H'nrss anti n rfWf1ea ri, as
tuit Ut nhf essh r. III r,tttse. thr ttAy
r1ch"tifg ttt'st rvtne ~ FfitHctua]
ttlnuth. u c"ufsr. tsttyhn'iy rhpp'
ttht lt IN tot Vt Il snhtt,m3y. Hut 4
tr'ti' ttt,isH,n tha! nh Al h!htM I,
tsr1tn' htIh ut'ht tln t,,nhey uasktt y
@tllhnh Ills ray ih,ll'Hn. hna hti
II th~h Il ~ttt Il n H,ni.tf. litn "4.a
TN Ut IT., y
THE LEUIaLATUAK.
tEt,r inlt ~tiE III .l,t lt1l Ut tht flt
I'LL In IFS amt t}iGtH { fnt tor ft1llu1