Omaha daily bee., 1896-06-07
uPHoLsTERING FURNITURE.
REALTY SUFFERS THE LEAST.
Proves n Much Better Investment
Thnn SincLs md nnnhs.

Thnn stocks and Bonds.
During a recent argument between several
prominent Omahans as to- the best kind Of
an investment for a man having a moderate
sum to invest a local real estate dealer said
mo one can deny that during the hard
times the value of stocks and bonds de.
preciated to a greater extent than that OF
real estate, and during the recent war scare
securities took an unprecedented tumble
Thousands, and this refers especially &c
small investors, have been impoverished by
investing their savings in securities, but
millions have been enriched by the purchase
IF real estate. The majority of the solid
men Of this city have become rich through
their real estate investments, and most oil
our capitalists of today prefer realty invest
ments to all others.
There is no exception to the rule that
property is bound to increase in value as the
population of the city increases. Now, take
the case of bonds, and what do we find
They have repeatedly been repudiated and
sometimes the whole issue has been in
validated by some legal flaw. Unless you
get some first class lawyer who makes a
specially of the business to examine into
their legality you may be expendtng your
money for worthless paper
at is q well known fact that many who
invested in real estate during the boom
have lost money and If we ever have an
other boom they will invest and lose again.
The question arises, Why have they lost?
Simply because they failed TO use ordinary
business sense when buying. frequently
they purchased lots without taking the
trouble to look at them, discovering after
ward that their fee simple holdings were
in the middle of the Missouri river. Any
thing and everything that was offered bear
ing the name of real estate found a ready
buyer almost regardless of cost.
1T is hard to conceive Of a man so devoid
of common sense as to pay $500 an acre Tor
farm land seven miles from the postoffice
or to buy lots eight miles from the business
center. Nevertheless it was done, and now
those buyers hold Oman responsible for a
misfortune resulting from their own lack OF
judgment and are pursuing the opposite
course with the same lack of Judgment.
For instance, they cannot see that in a
city the size of Omaha property on a street
like Georgia avenue ought not to be on
the market more than a day if offered for
less than 500 a front foot"
REAL ESTATE NOTES.
The Conservative Building and Loan as
ISOLATION reports that it has closed up eight
.oans during the past ten days. and that
interest on loans is being very promptly
paid. Most of these loans are made to people
of moderate means, who own homes, and
who wish to pay for them in monthly pay
ments, which they are able to do by be-
members Of the association.
The half block on the west side of
Virginia avenue between Mason and Pacific
streets, has been purchased by the Rees
Place syndicate. 1t is the intention of the
syndicate to make a beautiful residence
terrace, and plans are now being drawn for
the erection of several modern cottages.
The last remaining lot on the west side Of
avenue, between Poppleton and
Woolworth, has been sold to Mr.. Carlock,
who Is having plans drawn for a 5000
cottage.
]. NJ. Ross is building a two-story cottage
on the corner Of Twenty-second and Lake.
The representative Of a large eastern house
Is in the city negotiating for one of the best
corners in the wholesale district. If the deal
is consummated it is the intention to use
the first floor for a warehouse and the upper
stories for manufacturing purposes.
Mrs. S. J. Dewey has sold her residence in
Kountze Place to S. H. Blakslie. The
property consists Of a house, two lots 42x120
each. and is situated on Lothrop street.
Mr.. Rosenthal, who has come here from
New York to take charge Of the Cudahy Soap
factory, has rented a house at 1916 Douglas
street.
G. A. Lindquest has purchased DR.. R. O..
Moore'5 residence on Thirty-ninth street. near
Farnam. This is one of the finest houses in
that fashion able neighborhood.
F. D. Wead has purchased a lot 1e0xl20 feet
in Patrick's addition and will improve the
with a nice cottage.
A. G. Foster, manager of the Swift Packing
COLupdAy, a puIGHdstu w.
ard a house and fifteen acres of ground
located near the new state fair grounds. The
price paid was $4,000.
John L. McCague is going east on business
the last of the week.
J. c. Smith has bought five acres southwest
of the city for a suburban home. He has
let tho contract for a house and stable.
Lord William Scully. one of the largest
land owners in the world. has severed his
connection with John Bull" and moved to
New York. He owns &C, 900 acres in Gage
and Nuckolls counties, Nebraska, for which
he paid from $40 to 1877. so an acre.