St. Landry democrat. (Opelousas, La.) 1878-1894, 1889-07-06
The South.
THE VERY BEST FIELD FOR THE INVEST
MENT OF NORTHERN CAPITAL.


MENT OF NORTHERN CAPITAL.
It has for some time past been noticea-
BILE that idle money in our Eastern fnan-
cial centers has literally been going beg
ging for investments, Scarcely month
ago 81, 900, 900 worth of real estate, COM
prising lots, buildings and warehouses
scattered throughout the business. section
of New York CITY, was knocked down at
auction at considerable of an advance over
the sum expected to be realized. 1t was
found, however, that the aggregate of the
rentals amounted to but 81 per cent of the
cash value of the property, SO that after
deducting taxes, repairs, etc, the net in
come from the premises was but about
per cent. And yet the purchasers of this
property thought they were making an
excellent investment, and SO they were,
judging by the earning 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 earning power of money, or per-
haps we had better say, the helplessness of
capital. On Thursday last Comptroller
Meyers, of New York City, opened bios
covering nearly $4,000, 900 Of the proposed
SO. 900, 900 issue of park bonds at 81 per
cent, the prices bid ranging from par to
II per cent. above. Among the bidders
were some of the most solid financial con-
Germs, such as the Metropolitan, Central
and Atlantic Trust Companies, savings
banks and private banking houses. A
trust company stands ready to take the
balance at par, if the offer should prove
acceptable.
Where to invest money to advantage is
becoming problem the more vexing as
the grand total of idle wealth increases.
Twenty years ago, q family inheriting
500, 600 could count on a life of compare
tive affiuence, since an income of 10 per
cent. and upward could safely be looked
for. To-day, as investments in general
go, b per cent is considered q decidedly
profitable income. Tho recent refunding
of the British consols, to say nothing of
Mr.. Secretary WINDOWS management of
American government securities under the
Garfield administration, taught the world
that the period for large returns on secur-
itY investments has passed. Within
very few years the savings banks of New
York and other Eastern money centers
will be compelled to find good fields for
the, investment of $500, 600 900, or perhaps
double that vast sum. The surplus CAPT.
tai in New England seeking profitable in
vestment is probably even greater than in
New York, and it would be well for
Southern enterprises to be more vigorously
pushed in that field. In the meantime,
capitalists, banks, trust companies, saw
ings institutions and other financial con-
Germs are puzzled where to put their idle
canit41 tn the hest ADVANTAGE
To all such one may properly say Does
not the South. which throughout it's Dor
ders is pulsating with the growing vigor
of industry, offer the very best field for
the investment of capital? Certainly, no.
were in the world are the natural laws of
progress sustained by favorable conditions
more actively at work. The profits to be
reaped from investments in the South, in
mineral and timber lands, in furnaces,
mines and factories, judiciously managed.
appear to be fabulous to all who are not
familiar with the logic of experience. Let
the moneyed men of the North, therefore,
come South, look around, select the enter
prise in which they may see lit to invest,
and with anything like discretion in the
matter of management, returns upon CAPT
tai ventured will be double, triple, and in
many cases quadruple what can be OBJ
tanned upon equal outlays upon safe ven
lures in the North and the older sections
of the West. The Eldorado of the next
half century is the South. The wise |
recognize it the dull and timid will ere |
long regret their sloth or their hesitancy. !
q .