The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1885-05-08
THE TIME TO INVEST,

THE TIME TO INVEST.
Parties in the east who contemplate
coming to Dakota will bear in mind
that this is the most favorable time
they could ever have had or probably
ever can have again, to make start
in this new country. We make this
statement deliberately and we think it
will be supported by the candid opin.
ion of all who are in a position to
judge of the matter. The reasons for
this will he apparent OH u little retiec.
ton.
Speaking OH general principles it is
u good time to buy when there are
many offering to sell. This applies
everywhere. but more particularly in
a new country. \ few years ago the
price of farm lands in Dakota reached
too high 4 figure in proportion to the
development of the country. Now it
has reached too low a figure, even con.
sidering the general slrinkage in
values. The financial pendulum swings
to greater extremes in u new country
than in al older country.
There are several reasons for the
present extreme depression in the
price of partially improved decided
lands. The general financial depres.
sion is one. Another is the poor sue.
cess of farmers of little experience,
who came here great in hope, but poor
in calculation. They have not manag.
ed well and therefore have not sue.
ceeded according to their expectations.
Most of this class are still plodding
away. and from the experience of the
past are likely to do better. But what
has done more than anything else to
reduce the price ofbartially improved
deed lands in the older counties is that
large class Of settlers who came here
to take up land OIL speculation, never
intending to continue farming. They
did their settlers duties, barely reach.
ing the requirements of the law,
''proved up and quit their farms, for
the shop. the desk or the counter
anything but the farm for which they
were in no way fitted. Most of this
class are still in the country, many of
them prospecting in business, but their
farms to so large number are "for
sale OF ito rent" that their present
value is depressed to the lowest point.
New settlers have indeed been coming
in from all parts, but allured with the
idea of getting free government land,
they have not entertained the thought
of buying land ut any price. The re-.
suit is that we have row arrived ut q
condition of things where partially
improved deedetl lands can be purchas.
ed about rs cheap as government land
cand can be acquired after all the
labor and expense attending to the
settlers duties have been met. Never.
theless, all over the country in every
neighborhood. you find the successful
farmer, hopeful and contented, though
he may not be wholly free from dis.
appointments occasioned by the con.
tinrance of hard times, everywhere
-
felt. Again the low price of wheat
last year has had the effect of further
depressing the price of those lands
whose owners cannot attend to them
themselves and therefore throw them
in the market to rent.
Now we think it is clear that this
state of thing has reached its climax.
Perhaps wheat will never again in
the present century get down to SO low
IL price. 1t is again OH the up grade
and will reach price that will render
farming in this land Of No. hard a
grandly profitable employment. Again
as the best agricultural lands in the
Northwest will soon all be gone, and
especially as decided lands can now be
had almost rs cheap as government
land can be acquired. immigrant farm.
ers will seize these opportunities and
with small capital soon have posses.
sion of valuable farms. All North
Dakota wants is few thousand more
practical farmers with a little means
to begin with-the more the better.
and the grand future Of our country
will be fully inaugurate.l. The most
secure and promising investment on
this continent to day is to be found in
Red River Valley lands.