New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-15
ENGLISH CAPITAL FOR ALABAMA.
FORTY EIGHT THOUSAND ACRES OF AGECULr
TURAL, MINERAL AND TIMBER LAND.

| FORTY LIGHT THOUSAND ACRES OF AGRICUL-
TURAL, MINERAL AND TIMBER LAND.
London, May IA (SpeciaD-The experience OF the
| last five years has shown English investors that
while there may be great future before the South
| money spent in land schemes in that seton of the
| United States has been in many cases dead loss
TO the investors.
There have been some notable exceptions TO this
statement. but the exceptions have been loss numer
Gus than could be desired. II is not surprising
therefore, that American promoters have recently
found the English market extremely unfavorable 70
new enterprises, whether they are Industrial or
real estate Many thousand dollars have been spent
In London by the representatives OF American cor
porations desiring TO float their stock upon the
London market Many more thousand dollars will
be spent in the way. The chef trouble mas
been. not that the enterprises. rule. did not
merit the support Of the public. but that IN TOO
many they have been In the hands OF persons
who are not entirely accurate In their statements
and who had the unfortunate habit OF misreprcscnt
ing the properties which they tried 10 promote.
Goldenhued prOspectuses. glowing statements OF
probable returns upon Investments, eagle screaming
speeches at elaborate banquets. cannot noat worth
less scheme.
The English investor is nothing II not conservatives
lie listens with immovaOle face 30 AL that Is tOd MN
IN regard TO bright future Of the south but before
he puts his money into enterprise presented TO him
for approval he insists upon all experts examination
of the property In question, In order that he may a."
| termne its value for himself II i because so many
properties have been found wanting when this test OF
expert examination has been made that English III
vestors have been led 10 lose confidence In great
many enterprises bearing the stamp OF American
The amount OF none. that has been spent by the
English rslllic I'm wildcat American schemes cannot
be expressed by less than eight figures. ENpefienc"
Is a dear teacher in financial matters. and yet not
outstanding the litter experiences OF the past, the
British public today would receive with open arms
any legitimate enterprise which would offer fair
rein, upon the capital Invested. The BANKS OF
England are stuffed with Idle money, but what the
Fnrlishman demands In considering opportunities ior
Investment is security for the money invested "mIe
the investor will be well conicnt"d with return VI
even per cent. he cannot and VIII not pace ms
money IN an enterprise in which lbs capitai VIII
be- IN q Slight degree iMlcI1iIed'
There ARE IN London at the present time representa-
nve5 from a number OF new American companies VINO
are endeavorirg to place IN England the st"cH VI
the companies which they represent som" oi these
compaD.es are utterly worthless and could not DC
aoat.d under any circumstances. II VIII 'hRe VI"
promoters time 70 learn TINS. Dnt learn " ivy
must In the near future Others are SAD by s.pris
the Columbns city Mining Manufacturing ana ne,
ynopmont Company OF New orK. inns conirr 49,
Of promInent capitalists In this cnterprise me com,
pary controls $4,000 acres OIL aslcul.ni. ~, M
amount the officers Of the company say. large pI i
portion IS covered with merciantabie iulp s" vsn
% coal. They declare that experts who have eT
amned the property conidMty arln ro a a. make
enough natural mineral ana uhioereu "V'''' "
thousands OF people wealthy. A., oor,n,rv tho
subsc riptons 10 the stock OF the company, ,o
Officer sa Sdd ASSERT ssr ' tSai It is esseey mat
every dollars worth Of the stock Will DC 'AAe' W
beory rtv Of investors will sail for the United states
the 1 \ Of June TO visit the property.