The state herald., 1894-11-09
pom'r. SELL voun FARM.
The Advice Given to All owners py =,
Eastern financial Authority,

Iho Aovtoo 0tveh 20 All owners hy an
Eastsra financial Authority.
During the last year : great many
persons have come into possession d
Western farm properties through fore
closures, says the United States In
weston. As the present owners, 10 o
large degree, are residents Of the East,
their only desire is to rid themselves
bf these holdings as soon a. possible,
Aword of caution to such. persons may
not b out Of place. Real estate values
In the West arc greatly depressed as
result Of last years panic. In many
localities 1t is difficult to find pur-
chasers at any cost. Now there is
reason TO suppose that Eastern holders
Of Western lands may be de.
osived by sharpers, making use Of
this very state OF affairs. These
lands are worth something to-day,
and later on they will be worth @
great deal more. II all depends
on the ability Of the present holders to
carry them until times improve. The
danger is that certain parties with
long purses and long heads will mag.
nifty the unfavorable side Of the pitua.
ton for the purpose Of frightening
timid investors into throwing over
their Western lands at merely nominal
prices. A word Of caution to holders
of Western farm lands IL timely for a
humber Of reasons. III the first place,
there "a every reason to believe
that the worst that can be appre.
blended In connection with the West
ern dtuation has been fully discounted
in the drop in real estate prices which
mas alreaay taken piaec. owners Of
land should be on their guard against
any and all attempts to convince them
that prices will 60 lower. The chances
are that values will enhance rather
than depreciate. In some localities
there Il already reported to DO u bet
ter demand for farm properties. Prices
are bound to be low for several years,
but, there is good reason to believe,
win an upward tendency. 40 :.
The financial depression in the
United States will undoubtedly keep
Immigration down 10 q low point for o
considerable period. The fact, how
ever. must ever be kept in mind that
this country is tho center toward
which the population OF the whole
world Is tending. Coming years,
therefore. must inevitably witness a
strong demand for farm lands in the
United States. In this connection it
Is well to bear in mind that about oil
the good government land has boon
disposed Of, and that farms are not
going to be obtained as cheap In the
future Is in the past, other things be-
Ing equal.
A great deal Is being said at this
time regarding the sharp compe-
tition which the American farmer Is
going to encounter In the future as
the result Of the opening up OF new
agricultural regions in various parts
Of the world. 1t can be safely said,
however, that in the long run this
country will be able to hold its own.
Temporarily, the American agricul-
turist may experience hardship. 1t
may even be admitted that prices OF
cereals will permanently remain on n
low level. The situation will adjust
itself In time, and II the farmer Is
obliged TO take lower prices for his
wheat and corn he will obtain what
ever commodities and services he may
require ut correspondingly reduced
rates. 1t Is idle TO attempt TO dem