Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-05-29
near Washington, cleared over 500, 900. He
sneaks for himself az fnlldws:

near Washington, cleared over 500, 900. He
speaks for himself as follows:
'In reply to your letter would say that I
think real estate. which is likely to increase
in value, the best possible investment that
you can make of whatever you are able to
save. However small your means, you will
be able to purchase some small piece of
property with building improvement on
it, for which you can obtain rent. You
can pay whatever money you have and can
give your note for the remainder, securing
them by mortgage. Have these notes fall
due at short intervals, SO that you may pay
what you can on them, and renew them for
smaller amounts from time to time,
in case you are not able to pay them off in
full as they mature Devote to paying of
these notes all that you are able to save
from your salary or the profits of your busi-
ness, and also whatever surplus is left from
the income of the property you have pur-
chased after paying the taxes and insurance.
By faithfully following out this policy you
will soon have your property paid for. If
it is in locality that will improve, it will
increase in value. While waiting for it to
do SO you can keep on saving, and can
again invest your savings in another piece
OF property as you did in the former one,
and thus in a comparatively very short time
you can have very considerable invest
ment."
Hon. r. a. Alger Would Purchase Land.
Hon. Russell A. Alger, Michigan's ia
vorite son. has acquired his large fortune to
great extent through the rise in value of
timber lands, and consequently favors SIM
liar investments, as will he seen below:
There is no better investment for money
than in land which can be purchased cheap
ly and eventually sold at q higher price.
Old Meyer Rothschild, the founder of the |
great house of Rothschild, was once asked |
by young man what he must do to become |
rich. "Well," said old Meyer Struggling
his shoulders, 81 buys cheap and sells |
dear" That is the whole philosophy of the
thing in nutshell If young man buys
land at a bargain his principle is secure.
No one, can steal it from him. He has
nothing to fear from the dishonesty of bank
presidents or cashiers. If he has thoroughly |
satisfied himself, before investing, that his
purchase is destined to increase in value,
and his Judgment is correct, he will event.
ual!y be able to sell for sum more than
sufficient to pay large rate of interest on
the money invested Real estate of any
kind is the most tangible, permanent and
least hazardous of all forms of investment"
. What Senator Leland Stanford Thinks
Hon. Leland Stanford. United States
Senator from California, and Presidential
possibility, sends the following:
In considering the best way for young
man to invest his money much depends on
the circumstances and surroundings of each
individual case. The great end to be attained
in any investment is to secure the highest
possible rate of interest consistent with
IL e. L.
plished by loaning money either on good
collateral or on mortgage upon real estate.
Nothing grows faster than interest money
which is saved and put at interest in its
turn. Money at interest works for you all
the time, day and night, in wet weather and
dry, Sundays and holidays. 1t stops not to
rest 1t never takes a day off to 60 to
picnic, nor does it ever step out for q
minute to take drink with friend. 1t
just goes on working for its owner all the
time without moments cessation. There
get it out at interest with good security as
soon as possible"
Andrew Carnegie Says Real Estate.
Andrew Carnegie, the wealthy iron mas
ter, thus closes this interesting symposium:
'Statisticians tell US that in many of. our
large cities within the past fifty years nearly
all improved real estate has paid taxes and
interest and quadrupled in value, while 80
per cent of merchants and traders have |
failed, and 80 per cent of all business corpo-
rations have done likewise or gone out of
business, so that their stock has been wiped
out In view of these facts there can be no
question that good real estate is the very
safest and best of all investments for saw
ing, and the one of all others most likely to
increase in value"