Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1892-10-02

Capitalists may be said 10 be divided
into two classes. First, those with
money willing to permanently invest It
where they can get u reasonable return
for its use. Second, Those with no
money who expect to grow suddenly
rich from concocted mutations and
bOoms at the expense OF others. One
is for investment and the other is for
speculation. One for fair dealing the
other for fraud. One for honesty, the
other for rascality. Wherever you see
inilationists, boomers and spectators
operating you may safely state that
the capitalist with money is very shy
and cautious. Look 20 the boom days
Of Kansas, Colorado, California and
other neighboring states. Farm lands
We're bought cheap ON II credit prices
We're inflated, immigration induced and
the lands sold to settlers for all the cash
they had on hand with deferred pay
ments on long time TO the extent of
from three to fifteen times their value;
and the so-called Capitalists" reaped n
rich harvest and left the country bur-
dened by debts that can never be paid.
In this way the producing and laboring
classes OF those states have been inn
poverished forever. These booms ran
III many NAhA1f anu AAhNA ANAAhl f'NA VI
Ill suckers gave out Many OF
the experienced so-called capital
istsn in collision with some of our good
home people, a few years ago began to
initiate real estate values In Texas. For
awhile excitment ran high, and it
looked as il within a short time country
lands suitable for farms would go TO
city prices; that suburban property
would reach enormous figures and that
those who were in the league would
soon be able to retire from the business.
The trouble with them simply was that
many TeSans had been caught in the
booms of Kansas, Colorado and Califor-
mia where their "eye teeth had been
out, and they and their friends were
not willing to play suckers the second
time. Failing TO make fortunes out OF
land speGulations aud town lot sub
divisions, the sO-called Capitalists, -
being without a job, set up continu-
Gus howl throughout the length and
breadth OF the state. Some of them
charge that real estate values have
fallen of one hundred million dollars.
If this is So il Is TO be re-
GREETED, but how will that hurt
home seekers? In the face Of this
statement, the comptroller has just
written me thatup to date 1862 counties,
the only ones yet reported, show an in
crease in values OF this year
over last of over three million
dollars. Credit this TO genuine prosper
ity II you please. For the honest silckers
who got caught in the boom all honest
men should extend their tenderest con.
dolence. For the sharks who sought to
grow rich OF the credulity and cupidity
Of the unsuspecting, no one should have
the least sympathy. The prospect now
is that within a short time genuine
capitalists seeking honest investment
with the view of procuringa reasonable
return, finding out that Texas is clear
OF their common enemy, will come
among us to take prominent part In
our affairs. The Information is fast
reaching the state that men who have
cheap money are hearing Of the rid
dance OF the booming class and are be-
ginning now to place their capital in
safe hands for permanent investment In
Texas. They will always be welcome
and get Justice here.