The Wichita daily eagle., 1894-03-16
HOW To BECOME RICH.
From the Concord News

From the COnCorI NoW-
few months ago few very wealthy
gentlemen, every one of whom had
made his own fortune, met in the city
Of New York, and, among other things,
irifted upon the question of the best
way, in every respect, to make for
tune. The term lin every respect"
caused some discussion, and was settled
to mean with the minimum of risk and
trouble and the maximum of profit.
As might have been expected, each
man, to some extent at least, advo-
Gated the career in which he had been
successful, but it was found that all OF
them had engaged in a certain busi-
ness and all of them indorsed It as
means of growing rich with the least
risk and care, though they did not all
agree that it was the source of the
largest ard quickest profit A major
ity, however, did so agree. and, there
fore, this may fairly be considered the
verdict of the party. To illustrate:
Some of them had dealt largely in
stocks Two had been very successful
with patents One had made a fine for
tune as contractor in public works
Three had been fortunate railway
builders. One had been a money lender
and sort of ge neral speculator, but they
had all dealt in real estate, in one way
and another, and it was upon this
method of accumulation only that they
could all speak, and the conclusion OF
the ma jority has already been given
None of them had ever lost money bY
such operations, though one or two had
made but little, or had made their
profit slowly in them.
The question, then, naturally arose
as to the kind Of real estate TO deal in,
whether wild lands, farms. urban or
suburban property, when IL came out
that those who n ad made the most out
of the business had dealt in suburban
property, and those who had made the
least were those who had purchased
new lands or farms
The theory being that, whilst wild
lands or farms required but little origi-
nal outlay, they advanced in value
very slowly. and when they reached a
certain rate, which was a low one.
there they rema ined for years most
likely, IL they ever advanced materially
beyond It Rural settlements were
capricious and very uncertain, and
farm lands required constant outlays
20 maintain them as such. and wers
rarely occupied by satisfactory ten
ants Urban property, il was said, in
desirable localities, was usually very
4 ~ &
fected n value. bv the erection else
where IN the city. OF n hotel or block
Of buildings. or some other natural
but unforeseen Improvements. or, hy
some proximate changes which were
Objectionable. and could not be pre-
vented A number of Instances cf this
kind were eited in ulu stratlon q this
position. Whilst 81 burban realty. II
was asserted. cost comparatively little
mors shan good farm lands in the 10
csIity, * bought IN block. and when
subdivided in 20 lots opened the way
for returns more or less quick ane !
proStzble. according 70 eoaditiOEsS /
bat, under snT CIR cuns.ssceS szF |
.ained more than its original coat |
And Il saeh property was oetaiBee I.
near % an established and prosperous /
city. having the industrial slemsnts Of /
progress and perm ansat sapport. and 1
where enterprises are encouraged. z1d /
wise and energetic men TEie--sf such /
Suburban property lies n the trend oi /
the growth Of sseh = place &esl /
Of Eainimu-a riak and n-axl@Em p.osI /
Is obtained The care ot szch posS /
session Is nominal only. II grows IL
value By the refer effects Of the tkriv.
ing Community approaching 20 tkAs i
value: secures the oaiet bEi unevrins /
scSrstio1s Of every Improvement Easzss /
upoa Or about j. I; - r.sh; IL the gzJ 4
of every I'd vznee1ent. and Ike tns 1
accumulation ot interest grows nizhi I
sad d1y aad In az xiDts S9 wsathrr
sleeping and va king. 10 sickness AHc
heal:A. Tie cad Is izz1sssz be aEd ibs i
city groS<S up 10 the boundary % t5s
sub1rb. and tAen nuxt ether sro0r
porass Q. gxo - sSoz. IL AID - s.iAs1 !