Omaha daily bee., 1892-11-13
EFFECT Off5THE ELECTION
Wsn'maker's Advice to Fut Your Money
Iuto. Real Estate.
THE SITUATION IN COUNCIL BLUFFS
wise Homo seekers aud sharp Investors
Are Quietly but Eagerly Grasp
Ing Bargains.
WASHINGTON BUREAU OF THE BEE, J
5iS FDI-RTFEN,rI STREET. !
WNsnINGTnN. ID. N.. Nov. lO !

Put your idle money into good real
estate is what Postmaster General
Wanamaker said today while discussing
The outlook in view OF the democratic
administration. Mr. WanamaEcr. who
Is n prime business man and who
Travelled over Indiana and some other
states aud made republican speeches
during the campaign, is one OF those
who believe that capital will be wary
of manufacturing interests till it is seen
what the democratic congress will do in
the way of new tariff, and that where
ever ana whenever money is withdrawn
IRON the common channels Of trade real
estate appreciates in value.
The same view is entertained by Hon.
l.. i. Michener of Indiana, who is cor
poration lawyer here and has much to
90 with manufacturers. Il believe that
desirable real estate will now advance
IN value and more rapidly than ut the
withdrawal of capital from manuflctur.
ing. shipping and other business inter
ests, said Mr. Michencr to TIE BEE
correspondent today misunderstanding
interests will be at standstill until the
new congress revtses the tariff. That
will be At least eighteen months from
thls time. Tho new congress will con-
vene thirteen months hence and it can
not act finally upon so vast measure rs
tariff bill under five or six months
after it convcncs. Men will be chary
about lending money on long time, ard
Tor temporary or permanent investment
Will prefer to put it into good real estate.
The above, which appeared in The
BEE, was the theme of discussion by IL
little knot OF citizens. who chanced to
meet in the real estate Office of Green
shields. Nicholson & Co. That is sort
of natural center for real estate talk, as
well rs action, and the above opinion of
noted men concerning real estate pros
poets commanded attention.
'Fut your idle money into good real
estate, is pretty sound advice from Mr..
Wanamakcr," remarked Alderman
Maync, who is one OF the firm. "Neither
myself or my partners lay any claim to
such smartness as Wauamaker's, but
we've been preaching this doctrine for
some time, without any regard to poll
cles. 1t does seem to me that 1t
is especially true right here in
Council Bluffs, where property is so low
and advance is so sure. It's simply
ridiculous to think of nice residence lots
selling at a few hundred dollars when
no better lots aud no nearer to the CEN
ter OF Omaha are selling at as many
thousand. The equalization is bound to
come, end these who are sharp enough
to put their money in at present prices
are Just as sure of winning as Cleveland
is to be the next president.
One of the bvstanders remarked. Il
heard Judson, the engineer say. right
after election. that he considered every
acre of land owned by him in Iowa as
worth S5 an acre more than it was be-
foce election"
well, we're not talking politics now
a-days, but it does not matter what it is,
or how it is, SO long as the fact remains
lhat the shrewdest business men and in
vestors are prcdictinga "A general increase
of activity IL real estate, and great ad-
vance in prices. Council Bluffs gives
every promise of adding local advance
and Increase OF activity to the general
effect. Wanamaker and Michener are
pretty wise prophets, and whatever may
be the result elsewhere, | am certain
that Council Bluffs is already feeling
the effect OF increased activity in real
estate We are daily having inquiries
from home.seckers f,om Omaha. We
cannot get houses enough To meet the
demands OF those who want to rent.
and we are being kept busy all around.
We saw the revival coming and we
prepared for it by gathering up
the largest list of real bargain
property Wnlcn any real estate hrm ever
had in this city and we are putting our
customers onto all the snaps, because
we know that as they make nice turn,
as they surely will, they will want
another deal. But what satisfies us best
is that the bulk Of our business now is
not from mere spectators but those who
want to own homes of their own. We
can start man with n nice lot, or a
house ana lot, and fix things
so that he can swing 1T
with but little money Such
deals combine all the advantages of
savings bank with a chance to profit
by speculation. A man pays rent into
his own pocket and ut tho same time
gets the advantage of all the rise that
comes in value. The increasing num-
Der OF these class of customers is what
really gives us more faith in our future
and the future of Council Bluffs than all
tho roseate pictures of spectators or
prophetic politicians. You can set it
down that Greenshields, Nicholson &
Co. are in the real estate business big
and here to stay. Our business is daily
increasing and we've not got fairly
started either. It's coming all right"
Built TO BENEFIT THE BOYS.