Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1891-07-16
Tha Safest investments.

The duke of Marlborough has oeen
making a tear of inspection through
our southern states. and in 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 oy
English capitalists in enterprises IN
South American countries that really
have mo settled form of government
.'In America, on the other hand, he
saws, You have the most stable and
conservative form of government in the
world The duke therefore advises
Enelishmen to invest in American en-
terprises, and particularly in those coz
trolled by American stockholders
There are, however, great differences
among such investments, the duke ex-
plains, and he says:
s.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 a 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 a 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 il
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 unearneo
| increment of value lies. Breweries
will vanish, but coal regions and rail
ways will remain.
"You have an Anglo-Saxon race OF
sixty millions of people who work like
beavers, developing your property, and
adding to its value every day if you own
real estate investments and this is far
better property than Buenos Ayres
water works and Argentine Great West
ern. or even Buenos Ayres and Rosario
or Great Southern rails, where there is
nothing in the way of population, ex.
cept few million slow-going Span
iards or Italians. This is simply a com
mon sense view of investment general
1y, and it 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
cat" but that he proposes to harness
the animal for the use of himself anC
his friends 1t is in real estate, he says
that future anearned increment lies.
| I, stxyiD w Y,
ish, but coal regions and railways viii
remain" Invest in those everlasting
sources of ''unearned increment" hi
SAYS, in effect, and IAN Anglo-Saxor
race of sixty millions of people viii
work like beavers, developing you
property and adding to its value every
day. The duke is right. This is jus
what those Anglo-Saxon and other mil
lions will do until they wake up to thu
folly of their performance. Then the.
will begin throwing on the ground thu
burdens they now carry, and the duke o
Marlborough's friends will find that tn
hand of the tax-gatherer is beginning
to take for the public these indirect re
suits of individual labor. Thencefortl
capital will have to concern itself wit
four-walled factories, beer barrels an
other products of industry, or go with
out interest. That is to say, the me
nopoly of natural opportunities havin
ceased to offer chances for profit, cap
tai must go to work and earn any thin
it gets by performing it's true function
the facilitation of the production Q
commodities by labor For the presen
the dukes advice is sound. How long
will remain so, depends on the length G
time required to enable people to ur
derstand their own rights and interests
after the truth has once been mad