The Helena independent. [volume] (Helena, Mont.) 1875-1943, 1891-05-20
THE BEST INVESTMENTS.
According to Authorities Nothing
Can Excel Real Estate for
Money! Making.
Men Who Got Wealth In Other
Pursuits Put It In
Land.
Its Value NAV Fluctuats, but Nothing in
Extent to That of Other Worldly
Possessions.

Real estate is the best property in which
money can be invested. To understand
this statement it must be remembered that
security is worth something-risks must be
paid for; that there is a real value as we'll as
a fictitious, and that too often the latter is
the standard Of Judgment. says tho Ma
tional Real Estate Investors Guide.
Men in discussing this subject usually
talk about improved and u%nimproved real
estate, but this makes little difference; in
either case II ia the best place for money.
Cashiers may default, stocks rise and fall
the property remains intact. When the
great law of demand and supply is more
thoroughly understood in its relations to
landed interests then will they
boom. If property pays in the city
Of New York, where an acre is worth
$15, 600, 600 and the buildings on it as much
more, why do not village and farm proper
ties pay? They do, when the same skill is
applied to the management OF them. But
to build a $4,000 house in a town where
the demand is for $40 a month rents, or
where rents are abundant to build . shanty
in an undesirable pla ce. or in any town to
build a badly planned house. is simply'to
court loss. Or, for the farmer to produce
stuff that brings him either into COMPETE
tion with cheaper land, or to market it in
bad shape is to fail. And because these
things are dom the whole class Of property
is blamed, and m-ismanagement decides the
value.
Landed property Of any kind pays as
we'll as any other. The man who has care
fully invested in real estate, and lost is a
party who cannot be found. Some people
complain about property they bought sew
eral years before faint worth half as
fact that they may have paid fictitious
prices for it, buy it Of them at their pur-
chase price if you can. Wherever it may
be. it takes little to keep it, and requires no
more attention than one chooses to give 1t.
Men point to the great manufacturers of
OF the profits of manufacturing interests,
but they are the exception, not
the rule, and are far from being as numer-
GUS as real estate kings. And few in num-
her arc they who do not invest in real estate
az fast Rs possible. We do not hear OF them
in this %lins-they are known as nanufact-
urers-yet their real estate investments are
very heavy.
MIR. Higgins is known the country over
as a carpet man, but at the same time he
lAO $OU,UUV,VUU luV0BUou III bOue OI Ju0 DebC
property in the city of New York.
The Va%nderbilts are known to railroad
circles, and the Lorillards as tobacco men;
but the land owned by each is measured BY
the square mile instead of the acre. Said
one of the wealthiest manufacturers Of this
country to the writer a fow days aRo: my
books for several years past show that
have not made more than 6 per cent each
year on my capital, and this includes my
time and risks Other mon tell us Of the
profits Of merchandising; but look at the
merchants Of your acquaintance, and sec
how many make 6 per cent on their invest
ment, and note how many fail. Others
still, who nave studied the careers of Gould
and Westinghouse and their local bankers,
believe in stocks and bonds. But
what nav are vn tassss si sss,s promises is anss
thing to pay with. So long a. the bust
ness which they represent is we'll managed,
80 long they are of value; but every decline
in them ia SO much reduction of the hold
er's property. Many . stookholder realizes
assessments. Very little is the real estate
in this country which does not pay six per
cent. on the value.
In the second place. real estate presents
an actual value. It holds In itself the els-
ments Of life, and as . food producer alone
of America are paying interest on all
proper Investments. Financial depres-
sions will come, let the government
be ever 90 we'll managed, and when
they come how quickly are all avail
ABLE abb vh means Fan: n, put '9r;noa into the real ,aa.+s estate 1'hs
history of 1878 and following years shows it
was the land owner. The value of lands
will fuctuate, bat nothing in extent to that
of paper. In this drift toward cities and
the demand for city property, this country
is now passing through the experience OF
England under Henry VII. and in a half
century will undoubtedly repeat it by drift
ing back again. In this country to-day,
tie real estate investments amount to more
than all others combined.
The growth OF our real estate in value has
been Fifty years ago a large
proportion of the west WAS a wilderness.
In 1920 Michigan Was considered q worth
less sand bank, and in 1882 Maine rejected
with indignation the offer of President
Jackson to take 100000 acres of Michigan
northeastern boundary, which the king Of
Holland. as referee, had decided ought to
be coded to Great Britain. And yet to-day
that Michigan land is worth double the
same amount Of land in the Pin Tree state.
And all assd the nap tIa Of that day and
desert which irrigation has totally
changed. Values throughout the country
have certainly more than doubled in
the last ten years and must continue to in
crease. There remain of all our public
lands 2,836, 725 lquare miles, and at the
rate it it is being taken it can last but a few
years longer, at the most. This fact, of
itself, will make a great advance in prices.
Then, towns are constantly springing up,
ms nufacturing villages are growing every
where, steam and electricity are establish
ing communication with every point, n
our foreign trade is growing each year.
All the requirements to give value to land
access, exchanGeability, productiveness, .de-
mand, good governmental are found in
this country, be it north or south, east or
west, and consequently an investment any
whore must bring multiplied returns.
o. X. T.-H0nest Results.-O. X. T..
Many of the pioneers of Oregon and
Washington have cheerfully testified to the
wonderful curative properties of the cele-
brated Oregon Kidney Tea. Purely vege-
Anblo and niaaunnf To tho fur&a aud ann Io