The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1891-07-12
REAL ESTATE.
Fortunes for Those Who VIII Hold On or
Acquire.

which was allaSSeQ Dy 6DIeMO iA'S0"
ments in New York real estate. New
York city had $4,000 inhabitants when
he made his first investment. The pol
icy of the family has been to hold, rather
than to sell realty, believing that real es-
tate is the best property person can
own. The succeeding generation have
carried out this idea. That it has been
success no one will deny when good
Judges estimate the wealth of the pres
ent Astor at 1925, 600, 900, three-fourths
of which is invested in real estate. The
Vanderbilts and Lorillards are extensive
owners Of real estate, and so are nearly
all the wealthiest men ii this country.
Those who acquire real estate at low
valuation are sure of larger returns on
their investment, when held for period
of years, than those who invest
in stocks and bonds for quick
returns and it makes but little difference
whether that realty is in city lots or
farms. Values throughout the country
have more than doubled during the last
ten years.
1t is estimated that Kansas will har-
vest over 100000 bushels of wheat
this year. This crop with all others will
certainly advance the value of all Kan
sas farms. Financial depressiOns viii
come, but farm lands are never affected
to that extent that stocks and bonds are,
and the reason is that farm lands is the
basis of all wealth. With the enormous
harvest in Kansas this year many farm
ers will become independent simply
from this years crop, and all will be in
better condition than ever before.
Next season Kansas farms will
! be in demand and at large
advance over present prices.
! The investors in real estate are divided
into many classes, the most successful
of whom are those who, having yearly
income from some regular business, in
vest their surplus in realty. The manu-
facturer, merchant or clerk who yearly
invests few dollars in realty when
values are low invariably becomes
wealthy. Salaried men are not affected
as much by depression or financial con-
vulsion as the merchant or manufac-
turer, who has his money in goods, and
they can almost always spare yearly an
| amount from their salaries to make such
investments. When the merchants and
manufacturers are losing in the de-
pressed condition of the times, there
fore, there is no reason why the
| IL I1I1JT
realty and in time become independent.
The question of the particular realty to
buy and the location to buy in is one
that puzzles the average man, and the
doubt which exists prevents many from
making such investments at all.
There are natural laws which govern
the increase Of values in realty which
are as certain as those governing adj
vancing values of any other investment,
and those who are familiar with them
always profit in their real estate invest
ments. Wichita real estate is good in
vestment and judicious purchases made
today viii in very few years be worth
twice what it is now held at, according
to the natural laws of growth in values
and the changing conditions of the PEG
pie and the times, and much of it five tC
ten times as much.
There are many reasons why Wichita
real estate is a good investment, anC
were good reasons than can be showr
by any city of similar size west of the
Mississippi river.
While some people are unable to hol(
their real estate for higher prices, it i
this very condition that gives the oppor
tunity to those who have money to in
vest, and the wise investor always takes
advantage of it. The person who take
advantage of the opportunities Offered
here for investment will reap the reward
in store, just the same as has been don,
by investors in the early history of east
ern cities.
No one will deny that realty in WIGHT;
is worth more at 30 cents on the dolla
than any other place in Kansas at 10
cents on the dollar. Then again no on
can dispute the fact that it would TAX
not less than So, 600, 900 of some people
money to duplicate what Wichita nov
has in the way of railway facilities
sewerage, street Improvements, schools
colleges, universities and public build
ings, and where is the town that can af
ford to do this or where are the peopl
that will spend that amount of none
without an assurance that they wi
then have more advantages and lowe
taxes TO pay than Wichita has now?
Not only must these several advar
: tages be taken into account, but that c
prestige and recognition which WIGHT
now has and which cannot be take
away. Larger markets and distributin
centers have recognized Wichita as tn
city of the southwest, and therefore ar
2 working in harmony with her best inter
: ests. Then again, there is nothing tina
r Wichita. as n commercial, manufactul
: ing, wholesale and distributing city does
l that is not for the purpose Of enhancin
e the value of her real estate and for til
d benefit of the surrounding countr
e which pays her tribute.
5 Any man contemplating western cit
/ investments does not treat himself fairl
L if he fails to investigate the claims {
r this city. and even a capitalist can nj
1 afford to make the mistake OF iguorin
: the best opportunity now existing
this country.
That Wichita is a good place to inve
in real estate is proven by those WI
n have came here lately and invested
l. that Wichita's great growth is yet
y, / COMA i ele, admitted yxbanavnr n