Evening journal., 1894-09-13
The oatiooII For Real Estate.


AS general rule real estate is the last
thing to feel the effects Of business
panic and the frst to appreciate In value
when the tide turns The reason for
this is quite plain. There is pRlpable
value IN farms, houses and lots which
people can sea and feel There was one
period during the war Of the rebellion
when everything looked very discourage
ing fes the Union army and as a result
ths credit Of the government WIS much
below par.
At the time mentioned q gentleman,
VINO owned a farm, was offered what he
considered a very large price for it. He
had ali along wanted 20 sell it. for he
was not a farmer, and IL lay like dead
weight on his hands. "What shall dor
lie said 70 or acquaintance Of ours. Il
can sell that farm now for thirty thou
sand dollars but the money won't be
worth anything when I get IT, now the
farm Is worth something" "What did
you valne the farm for before the war;"
aAked our friend. 'Well, about SO. 600
would have bought IL but money was
worth something then "Do you not
think ie will be worth something again
after tho war is overt" The owner OF
the farm considered few moments and
then said Eyes do, and II knew the
North would whip would sell the farm
and put the $4,000 in government
securities"
ThAt would have been the wisest
thing to have done, but the farm owner
hesitated until money values began to
50 up and real estase values to go down
so that be did not sell his farm until the
war was over. and then only got $40 600
for II. No doubt that sum was worth
three times MS much as It was when gold
was selling at premium OF 300, but he
could have had $50, goo worth OF gold
bonds If he had cold at the right time
With real estate, as with everything
else there is always time to sell and a
time to buy. Just at present 1t is a bad
time to sell except In a few favored
localities In most parts of the country
houses and lands are about as. far
down as they can get.
This is especially the case with
Western farms, many Of which are now
held by Eastern capitalists who are
anxious to sell and realize all they can
The lands have coms into the HANDS OF
thsir present owners through foreclosure
and a word OF caution to these parties
from the United States Investor, il
certainly timely Real estate values II
the West are greatly depressed as q
result Of last years panic. Now there is
reason to suppose that Eastern holders
Of Western lands may be deceived by
sharpers. These lands are worth some
thing to-day, and later on they will b'
worth a great deal more. It al depends
on the ability Of the present holders I,
carry them until times improve The
danger IS that certain parties with Ions
purses and long heads will magnify tn,
Hnfayorable side Of the situation for th,
purpose Of frightening timid investor
into throwing over their Western land
at merely nominal prices
A word OF caution to holders Of West
ern farm lands is timely, for numbe
Of reasons In the first place, there i
reason to believe that the worst tha
can be appreh.ndsd in connection wit
the Western situation has been fully dis
counted in the drop in real estate prices
which has already taken place Price
are bound to be low for several year,
but there is good reason 70 believe. wit
an upward tendency. This country
the centre toward which the populatio
Of the whole world Is tending Comm
years, therefore, must inevitably wltues
q strong demand for farm lands in tn
United States. In this connection it
wen 70 bear In mind the fact that abor
all the good government land has bee
disposed of and that farms are not goin
to be obtained as chesp 10 the future
in the past, other things baing equal
Advertising enables the trader to NAL
Il -