The Louisiana Democrat. [volume] (Alexandria, La.) 1845-1918, 1889-07-10
THE SOUTH.
THE VERY BEST FIELD FOR THE IN
yEsTMENT OF NORTHERN
CAPITAL.

1t has been for some time noticeable
that idle money in our Eastern hnan-
cial centers has literally been gong
begging for investments. Scarcely
month ago 100000 worth of real
estate, comprising lots, buildings and
warehouses scattered throughout the
business section of New York City,
was knocked down at auction at con-
siderable of an advance over the sum
expected to be realized. 1t was found,
however, that the aggregate Of the
rentals amounted to but 5! per cent
of the cash value of the property, so
that after deducting taxes, repairs, etc.,
the net income from the premises was
about per cent. And yet the pnr-
chasers of this property thought they
were making an excellent investment,
aud so they were, Judging by the earn
ing capacity of capital in the North;
for many large real estate owners are
glad to receive 8 to per cent net on
their investments. And now comes an
even more striking illustration of the
decreased easning power of money, or
perhops we had better say, the help
lessness of capital.
On Thursday last Comptroller Mey-
ers, of New York City, opened bids
covering nearly ss,ooO,ooo of the pro-
posed SO, 900, 900 issued of park bonds
at 81 per cent, the prices bid ranging
, from par to q pnr cent above. Among
the bidders were some of the most SOL
id financial concerns, such as the Me-
: tropolitan, Central and Atlantic Trust
4 Company, savings banks and private
d banking houses. A trust compan!
# stands ready to take tho balance a
# par, if the offer should prove accepta
hle. Where to invest money to ad
vantage is becoming problem tn
+ more vexing as the grand total Of idl'
l. wealth increases. Twenty years ag'
= family inheriting 100000 coul'
b count on a life Of comparative afflu
ence, since an income of 10 per cen
e and upward could safely be looked fol
ID To-day, as investments in general &c
D. S per cent is considered decided
ss profitable income. The recent refunc
in ing of the British consols, to say notl
,e ing of Mr.. Secretary WINDOWS maj
is agement of American government s.
Gu curities under the Garfield administr
ia ton, taught the world that the perie
be for large returns on security inves
he ments has passed.
be Within a very few years the sa
be ings banks of New York and 9th
he Eastern money centers will be col
* PEELED to find good gelds for the
vestment of s5oO,ooo,ooo, or perha
~ double the vast sum. The surpl
,os capital in New England seeking p1
I'D 6table investment is probably grea
,be than in New York, and it would
;,b we'll for Southern enterprises to
mo more vigorously pushed in that fie
md In the meantime capitalists, ban
ind trust companies, saving institute
IN and other financial conserns are p
or cling where to put their idle capital
ais the best advantage.
on To all such one may psobably S
me- Does not the South, which through
;cl its borders is pulsating with the gr'
,ea. ing vigor of industry, offer the v
az best field for the investment of CO
inc tall Certainly, no where in the VIC
tho are the natural laws of progress
hat tanned by favorable conditions m
,b,. actively at work. The profits to
reaped from investments in the So,
in mineral and timber lands, iu
Nv ' naces, mines and factories, judicior
,ery managed, appear to be fabulous to
i a who are not familiar with the logic
II Is experience. Let the moneyed mer
w the North, therefore, come South, !
around, select the enterprise in vi
,ely they may see fit to invest, and
anything like discretion in the ma
of management, returns upon cal
tant ventured will be double, triple,
City in many cases quadruple what Cal
t. obtained upon equal OUTLAWS upon
Gail ventures in the North and the Q
hge- sections of the West. The Edo
Voa' of the next half century is the Sc
form The wise recognize it; the dull
, ia. timid will ere long regret their s
|, at or their hesitancy. - Manufactu
the Record.