The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1891-09-19
The Safest Investments.

The Safest investments.
The duke of Marlborough has been
making q tour of inspection through
our southern states, and in a long arti-
Gle in the New York Herald he recently
gave his impression as to the opportu-
mites the south offers to English in
vestors. He deprecates investments by
English capitalists in enterprises in
South American countries that really
have mo settled form of government I"
I'm America, ON the other hand" ho
says, lyon have the most stable and
conservative form of government in the
world" The duke therefore advises
Englishmen to invest in American en-
terprises, and particularly in those con-
trolled by American stockholders.
There are, however, great differences
among such investments, the duke ex-
plains, and he says:
"Breweries and stock yards and ele-
vators are very fine things, SO long as
you can get them managed by local
American boards, who have q strong
share interest in them, but do not let
us blind ourselves to the fact that You
are really only buying good will. four
walled factory, and lot of beer bar
rels. The real value Of America is in
real estate, and in real estate / include
not only such property as Middlesbor-
ough, but also all American railways in
which you can hold an effective block
OF stock which will control the manage
ment. It is in this real estate of one
form and another that future unearned
increment of value lies. Breweries
will vanish, but coal regions and rail-
ways win remain.
"Yorl have an Anglo-Saxon race Of
sixty millions of people who work like
beaverS developing your property, and
adding3to its value every day if you own
real estate investments, and this is far
better property than Buenos Ayrcs
water works and Argentine Great West
ern, or even Buenos Ayres and Rosario
or Great Southern rails, where there ID
nothing in the way of population. ex-
ccpt a few million slow-going Span.
iards or Italians. This is simply com.
mon sense view o; investment general
~, and 1t seems strange that our En-
glish public do not see the advantage
that is to be derived from joint enter.
prise with American companies, man.
aged and directed in New York, rather
than in schemes that are run from Lon
don, and where the water that gets
into the concern before it ever belongs
to the English public is quite colossal. y =
This is surely frank. and it indicates
that the duke has not only ''seen the
eat" but that he proposes to harness
the animal for the use of himself and
MS friends 1t is in real estate, he saws
that future anearned increment lies
sBrewerieA" he continues, twill van
sh, but coal regions and railways will
emain." Invest in those everlasting
'ources of ''unearned increment" he
'eys, In effect and IAN Anglo-Saxon
ace of sixty millions of people will
work like beavers, developing your
property and adding to it's value every
lay." The duke is right This il lust
vhat those Anglo-Saxon and other mil
ions will do until they wake up to the
oily of their performance. Then they
vill begin throwing on the ground the
urdens they now carry, and the duke of
friends will find that the
and OF the tax-gathefer is beginning
. take for the public these indirect re.
ults OF individual labor. Thenceforth
apital will have to concern itself with
factories, beer barrels and
Their products of industry. or on With
ut interest That is to say, the mo-
opoly of natural opportunities HAVING
sased to offer chances for profit cant.
i must go to work and earn any thing
gets by performing its true function.
le Realization of the production of
'mmodities by labor For the present
le dukes advice is sound. How long Il
Ill remain SO, depends on the length az
me required to enable people to un-
srstand their own rights and interests.
ter the truth has once been made
ain.