Mexico weekly ledger., 1878-09-05
CHATTING AVENUE.
REAL ESTATE IN AUDRAIN.

REAL ESTATE IN AUDRAIN.
As yet Chatting Avenue is unknown
to fame, but it shall not be our fault
If 1t does not become as notorious in
this county at least, rs "Postoffice
COrners' or Confederate X Roads,"
Chatting Avenue is that part OF
jackson street in this city, where
numbers eongregate after the recep-
tion Of the st. Louis dailies to discuss
the news. At the same lime and
place, everything that is interesting,
whether it be some unexpected incl
dent, politics, the candidates or
measures to promote public welfare,
claim protracted consideration.
Believing that family matters
should be kept within doors, we pass
by all that has been said in regard TO
aspirants for Office, and take up
INTEREST.
Chatting avenue is divided as TO the
effect OF reducing interest. Several
that desire to speculate in cattle on
other peoples money, advocate the
measure zealously. They have been
heartily backed up by others that
hold houses aud farms they cannot
pay for, rs money obtained at low
rates would enable them to retain
such property in the hope of realizing
advanced prices in the future. On
the other hand there are not wanting
those thst fear q reduction of interest
will act injuriously on real estate.
they say that the four per cents have
already diverted capital from loans on
lands. Their argument Is, if this be
true, when land-holders pay 10 per
cent. It will necessarily be more SO
when interest is only per cent.
Formerly usury laws prevailed in
England, but they have been abol-
ished, as they were found to operate
injuriously on landed proprietors, who
could not borrow at low rates. Usury
laws will be followed by liks conse-
quences In this country. Our four
per cents. offer great inducements to
both individuals and banks, as they
can be sold at any moment, and are
paying investments and cash finds at
the same time. If money is loaned
1t is subject to tax of about 2 per
cent, and this reduces 6 per cent. to
bond rates, as the four per cents. can
not be assessed.
Leaving the vexed and two-sided
question of interest to be further dis
cusse by the habitues of Chatting
Avenue, we visited some of our real
estate men to find out what they ad-
vocated for enhancing the
VALUE OF LAND.
Upon being interviewed, Mr.. Clark
said nothing would benefit real estate
more than making our farms more
home-like; our farmers attended dill
gently to their distant fields and pas
lures, but neglected their residences
and barns. Nothing would help our
farms to make q fine impression ON
visitors than nice front yards, well
painted or even whitewsshsd buildings
and fences, and handsome and impos-
ing shade trees.
The main reliance, heweyer, for
raising the value ofsecantay property
must be the substantial improvement
OF it. There has been wonderful
advancement in the aggregate wealth
of tins State. This is mainly due to
money and labor expanded. We have
opened and Improved farms. We
have bull. houses and constructed
railroads. These are what make q
State. Beneficial - our railroads
are, they are coupled with some
drexbscks. They charge too much
freight. Our rivers msst be drought
into esnpesition with them ~ trans
posssfs u produce. Railroads bave
other~ise Injured the value Of proper.
" In Aadrain. They have been inc
lterested In lands further west, and