The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-06-04
PUSH The WELL BORING
The People to Have a Chance to
Aid the Artesian Well
Project.
A Meeting Yesterday at Which
tho Preliminaries in the Mat
ter Were Arranged.
Comparison Between Inside and Outside
Property n Regards tho Earning
Capacity of Each Class.

II the people of Helena generally show
the same enthusiasm in the proposed bor-
ing of an artesian well in the Prickly Pear
valley as did the gentlemen who met TO
discuss the subject yesterday, the project
will be carried through to a successful
issue. In conformity with the published
notice, at three O'Clock yesterday after
noon a number of gentlemen met in the
Montana bank parlors to decide upon a
plan to be followed in boring the proposed
we'll, Among those present were Q. A.
Brosdwater, Il. w. knight. John 3. Will
son, G. D. Hard. G. J. McNamara. r.. A..
Harlow, II. Fl. Floyd-Jones and Fl. L.
Reeder. After q general discussion as to
tho beat manner in which to proceed, 1T
was finally decided to appoint a committee
of three TO solicit subscriptions from the
citizens of the city and from people in the
valley. This committee consists of Col.
Broadwater, G. ID. Hard and II.
A. Harlow, and to-day these gentle
men will call call on the citizens of Helena
and see Just what they will do toward Dor
ing the we'll.
During the discussion yesterday it de-
veloped that there was u unanimous feeling
in favor Of forming a stock company for
doing the boring, and if the com nittee
meets with success in the next day or two
this will probably be done. In this way
those who subscribe will become stockhol-
ders in the company. As to the success OF
tho boring there seems to be scarcely any
question among those who have looked into
the question. As to just what depth it will
be necessary to go, of course no one ventures
an opinion. but the idea is to have sufficient
money, SO that if necessary a bore of 1000
feet may be made. Among come there
seems to be an idea that a location for the
we'll has been selected. This is
not 30, After the company is Or
ranized all the stockholders will have a
voice in the location, and there is no doubt
but that the one selected will be where the
formation is such as to give the best PROM
Use of success.
One flowing artesian we'll in the Prickly
Pear valley will be of incalculable value to
the county as we'll as the city, and any
company owning such a fow will have no
difficulty in disposinR OF 1t. In this way,
while the matter now Is experimental, II
successful the promoters can have nothing
to complain Of in the matter of returns.
Indirectly, as an Advertisement of Helena,
and Montana generally. it would do great
good. Artesian wells have lone more for
the Dakotas thar any other one thing, and.
according to the geologists, the conditions
are much more favorable for successful
boring in Montana b in Dakota.
From the Importance of the subject. and
the fact that the success of the undertake
ING means q great deal to Montana, it is
believed the committee on subscriptions
will have no great difficulty in securing the
aid Of every progressive man in this vicln-
ity in the project.
A number of Helena men were discussing
Yesterday the merits of inside, or business
property, as against that arising from the
business quarter as an investment. During
the discussion it developed hat as a rule in
all large cities business property paid q
smaller per cent profit than away from the
trading section. One of the party quoted
1.-THE reason that downtown real estate
is sought at q lower rate Of return than
property farther sut,'' Is because it is
bought by a different class of purchasers.
And this in turn is true notsbecause it il in
safer investment, but because is IL such
large masses that none but the abund-
antiy rich can afford to own it. To the alb
urdantly rich it is satisfactory because it
keeps employed large portions Of their
ITO illustrate more fully what l mean,
take a man worth, say, $5O,0e. He must
get every cent of return possible out of that
capital, for he requires all it will produce
to furnish him a living. To its %:nssursl
fruitfullness he must add the grating of
careful manipulation. Nothing must be
lost through the mildew of inactivity or the
blight of partial use. Its productiveness
must be forced in the dollhouse of ardent
endeavor. Such a capitalist must make
G nav oapt ont ~ hio aNnitol for that Is
81 $1,000 p'' 'SA' 'N' LIE 'sp'''' 'D'' i
But the man with $780, GOO can rest more
~composedly with q return of 81 per cont,
than the other can with six. For his wants
and requirements are not appraclably more
while his income is nearly twice as much.
Now, if he be worth 500. 900 instead of only
$4,000, he may reasonably be satisfied with
the smaller percentage of return, for it will
then he Sill, 600. And if he be worth a mil,
lion hs may say: Central property at ~
per cent. Is better than government bonds
it is no more trouble
"At such a rate the rent such property
pays runs the value of it way up far DO.
yond the ability Of the less wealthy man t.
hold. For rent is the exponent of value
This property has now absorbed a larg
amount of capital. There is abundant
compensation to the owner for a lower rat
of return in the fact that suoh constant gu.
pervising care is not required regarding 1t
It is an illustration of what in physics i
called the equation of forces. The earnin,
capacity which in a small capital is adde
by the personal efforts of the capitalists in
largo capital is given by increased volume
The equation of forces ia illustrated i
another way. The large capitalist givin!
such attention to his many and large in
vcstments as makes them yield the lowe
rate of return may by this be equally EN-
ployed with the smaller capitalist giving t
his Investments that degree of attention
which will make them yield the higher rat
of return.
Now the central property being all alb
sorbed by the Investments of the large cap
~italist, the smaller capitalist buys propert,
farther out. 1t is as good as the other
titly improved. OF course the improve
ments must be such RS correspond to othe
circumstances. A palace out on the prairi
might not yield satisfactory returns. Blu
htly improved it is as good as the Other
it will yield the same return plus the add
tlonal earnings OF care, oversight and efor
devoted to it. And therein Ia the philoso
ply of the difference in apparent earnin
capacity between what may be termed III
side and outside property"
Mems balbriggan half hose in all colors, 70
25c at The Bee Hive.
Buyers and partners found for opportunities i
all lines OF business. Competent clerks furnish
ed for any position. High references. West or
business Agency, Minneapolis. MINI.
Forbes s. Davis-specia,.