Public ledger. [volume] (Memphis, Tenn.) 1865-1893, 1881-09-01
real ESTATE.
A ROek-BOttOm View Of an Intel
Iigent and Experienced
Dealer.

EDITOR EVENING LRDGER.-Ac-
cording to your polite request to give
in my experience of fourteen years in
handling real estate, which is the
groundwork and basis Of permanent
security, always free from the eyanes.
cent fluctuations Of stocks, bonds and
personally, | premise by saying it is
decidedly convalesceat. An eligibly
located house, well built and insured,
is a most, indeed, is the most desirable
of all investments for minors and the
average citizen, is the preferred in
vestment by courts for trust funds, it
cannot be "watered" and its corners"
are safe, coy and the asylum Of rest
after the honored toll of the day.
During the unduly flush times sue
ceeding the war values of rents and
realty in general were unnaturally
inflated and falsely represented the
worth of property by IN unhealthy
and transient oyergrown return on
the real amount Of capital invested.
Property being then valued far above
cost, the subsequent decline to its true
value was but a fictitious loss, whore
as, in truth, like labor aud capital.
supply aud demand, property but
sought its own level until the epidem-
les sank life and property abnormally
low. Hence, the real decline in
realty does not d,tc from its highest
valuation, but from its true intrinsic
value, about the middle Of 1873, pre-
ceeding the epidemic Not far from
that time a great incubus aud Unjust
ice was lifted from real estate by the
Legislature making Hon. John Over
toms Ejectment Bill law enabling the
owner to get possession from default
ing tenants by giving them a good
bond for damages, il put out in error.
Formerly a bad tenant could hold
possession pay nothing, and often re
a premium for removing.
MI. w. A.. Bickford and Others have
been so bled. Another good impetus
was given to realty when one Justice
Of the Pelce instead Of 4 court Of
three was empowered TO restore right
full possession. We still need 4 new
law against vagrant occupancy II a
man takes forcible possession Of your
personality, he can be arrested and
receive condign punishment, but if he
captures your house in the night or
day he must be elected at the owners
cost, if the former be irresponsible,
and the owner loses two weeks rent in
doing so. Through the benevolent
aid Of the Building and loan Aysoci
atoms, many lots have been bought
and crowned with neat, homelike cot
with gardens and grassplots,
helping men to help themselves, incit-
ing labor and economy to secure a
residence, giving many builders work
and creating much insurance business
and taxpayment. This reign Of honest,
labor and the well-won
mercantile and mechanical c%ornueOpis
was most rudely shattered in 1873 and
70 by the yellow fever invasion,
shrouding in the pail Of death the
lives and fortunes olive shudder to
.hink how many Memphians. Il was
reserved for Memphis, Shelby county,
Tennessee. to v~italiEe the tabled Phm
nix and arise from the ashes Of sacri-
ice a band of determined breadwin
lers, and under the leadership OF
lonored Doctor Porter, Burke, Over
on, Gum, Goyer, Goodbar, Patterson
md Brown conquer disease and wrest
blooming health from the imminent
avs Of death itself, The perfect and
perfected sewerage that has been
critically inspected and approved by
engineering and medical experts, the
I'D and new iron tracks Of passenger
md agriculture transit, Clarke's new
cotton factory, Milburn's, also Pratt's
new gin factory, new elevator, Kenne
Jaw tool mandatory. new barge line
It our front door, Williams mammoth
mills, all invite home and
lbroad capital to gladly seek safe
odgment aud profit here, building up
very interest in Memphis. Conf
lence is fully restored and political
Inimosities have ceased in the united,
ong, strong pull for prosperity aud
,eaoe. Thank God our ingrained
.ntagonism TO the N%ortherner, from q
letter acquaintance and identity of
interest, Is dead, he is our brother.
)ur county is free from debt and is
Iuilding a new home for its %unfortu-
.ates, with light taxes. Our valleys
loan and hills of timber above and
Minerals below throughout Tennessee.
ur iufPw OF immigration Gnd our
tandarS echoQls peint ~ sure aud