Chicago eagle. [volume] (Chicago, Ill.) 1889-19??, 1894-09-29
DON'T SELL YOUR FARM LANDS.
The Advice Given to All Owners ~ an
Eastern Financial Authority.


Eastern Financial Authority.
During the last year a great many
persons have come into possession Of
Western farm properties through
foreclosures, says the United States
Investor As the present owners,
to large degree, are residents Of the
East, their only desire Is to rid them.
selves Of these holdings as soon as
possible. a word of caution to such
persons may not be out OF place.
Real estate values in the West are
greatly depressed as a result Of last
years panic. In many localities 1t
Is difficult to find purchasers at any
cost Now there Is reason to sup.
pose that Eastern holders Of West.
ern lands may he deceived by sharp.
ers, making use of this very state of
affairs These lands are worth some.
thing to-day, and later on they will
be worth a great deal mere. 1t all
depends on the ability of the present
holders to carry them until times i'm.
prove. The danger Is that certain
parties with long purses and ing
heads will magnify the unfavOrable
side of the situation for the purpose
of frightening timid investors into
thr wing over their Western lands at
merely nominal prices A word Of
caution to holders OF Western farm
lands Is timely for number Of rea.
sons. In the first place, there ia
every reason to believe that the worst
that can be apprchended In cODGcc.
ton with the Western situation has
been fully discounted in the drop In
real estate prices which has already
taken place. Owners OF land should
DO on their quad against any and all
attempts to convince them that
prices will 90 lower. The chan Is
are that values will enhance rather
than deprcciate. In some localities
there Is already reported to be bet
ter demand for farm properties.
Prices are bound to lie low for several
years, but there Is good reason to be-
lleve, with an upward tendency.
The financial depression In the
United States will undoubtedly kecr
immigration down to a low point fol
a considerable period. The fact, how.
ever, must ever he kept in mind that
this country Is the 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
| IL Is we'll to bear In mind that abou,
all the good government land ha,
been DISPOSED Of. and that farms are
not going to be obtained as cheap IL
the future as In the past, other things
being equal.
A great deal Is being said ut thi
time regarding the sharp com petition
which the American farmer Is goinl
to encounter Ia the future as the re
suit Of the opening up Of new auri
cultural regions In various parts o
the world. 1t can be safely said, how
ever, that In the long run this c0un
try will be able to hold its own
Temporarily, the American agricul
turist may experience hardship l
may even be admitted that prices O
cereals will permanently remain on
low level. The situation will nd
Just itself In time. and II the farme
Is obliged to take lower prices for hi
wheat and corn he will obtain what
ever commodities and services he ma
require at cOrrcspOndingly reduce
rates. 1t Is Idle to attempt I
demonstrate that America Is abOu
to take u second place as the grea
food producing country Of tho world
This fact should 10 kept In mind b
holders Of Western lands. Whateve
may be the status OF their invest
ments to-day, 1t can safely be u,
serted that live years hence will vii
ness prices considerably In excess @
those now Obtainablo.