Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1889-02-10
REAL ESTATE INVESTMENTS.

AiOA4 apparently tAANiei
and wholly local in their incipiency, blu
which, frequently, are possessed of ;
latent capacity for either good or bat
results, as the case may be, and these
influences with their unsuspected power
once set to work, become irresistible.
Investment of capital will for success
sive terms seek different channels
Any close observer of the history of thi:
country since the rebellion can readily
recall the varied tendencies of capital il
the United States during that time
Money was largely invested in govern
ment bonds as a basis for the establish
ment of our many national banks. Rail
road securities. manufacturing stocks OF
all descriptions soon began to command
attention. The various lines of business
which have grown up with the develop
ment of the country and its rapid in
crease in population attracted idle money.
| The cattle business on both large
| and small scales came in for their share
of attention. Mining had a rage for
stated times. Western lands were an
other very frequent and very popular
form Of investment
All Of these various phases of the in
vestment of capital have been more or
less frequent, extensive and lasting. All
have been the outgrowth of, and in re-
turn assisted in, the material develop
ment Of the country as a whole. Every
person in this country that found him
self the owner of surplus of money
looked about for some good investment,
and would place it where, in his Judge
ment, it would be most liable to give
him secure place for his money,
good returns on his investment,
and that within reasonable
time. The successes attending the in
vestment of American capital led to the
attraction OF European capital. which IN
no country has met with more certain
and uniform success than in the United
States.
These applications of the sinews of
war-and of peace as well--in the vari-
Gus directions indicated led to such an
advancement of the whole country that
soon there began to spring up, as if by
magic, all over this land cities of such
magnitude and such character as were
in harmony with the general growth of
the country. This development of many
cities gave rise to another character
of investments, those in real estate,
and IN no city Of any promise
have they failed to prove more certain
as judicious investments and more pro-
ductive of larger returns for the amounts
and the time involved, than those of any
other class. The holder of real estate in
been compelled to hold his investments
for much. shorter periods, in order to
reilize upon them than the holder of any
other class of securities named. and come
what might he found himself a some
thing that had a value and
was not subject to the
Vaccinations of corporation wreckers,
the impracticability of costly expert
ments, the dishonesty of abscond-
ing officials or the devouring
influences of the elements. But when
a man with any display of judgment, in
vests his money in real estate in any
growing city with an assured future, he
places it where none of the above named
influences can deteriorate its worth as
an investment, and which acquires its
positive character as such from the very
country of which it is a part and factor.
AS has been said, capital is sensitive.
1t often times takes peculiar whims and
runs off after false gods, as is seen in the
press of the country almost every day,
but it in course of time comes around
again to those solid and substantial
forms of investment. which are laid
upon the very foundation of this
whole country and its substantial nature
is commensurate with the prospective
development af the United States, whose
development as whole is derived from
an aggregation of the development Incl
dent to its component parts. This
changing from one to another character
of investments is almost Invariably the
result of natural causes, although it
more frequently occurs that unnatural
causes will deter such recurrence to
certain lines of investment.
The holders of capital are not always
the manipulators of even their own cap
ital, but men who make the investment
of money for other a business. a study.
are the manipulators or investors of this
capital. At times their tendencies are
toward one class of investments
and at times toward others,
and the preference of one investor is
often moulded by that displayed by an
other. In other words, capital often
takes up one thing at time. For
awhile it will be mining; for awhile
else, but there is always some
leading line followed.
From present indications owing to the
cessation of railroad building, the conse-
quent absence of railroad securities, the
purchase of bonds by the government
and many other well known causes.
there is beginning to be frequent IN
quiry for other lines of investment and |
within the past few months it has devel- |
oped that the general tendency is toward |
the substantial form of investments to be |
found in real estate in the most promis- |
ing cities throughout the country. Quite |
a number of cities are even now begin |
ming to experience delightful thrills of |
approaching activity inr cal estate, which |
will in remarkably short time assume |
a degree of importance that attracts the /
ma jority of investors to real estate in |
vestments. This state of affairs is rap