The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-17
Doom IN OLD EGYPT
N0ND||E:RFgl To SEE
A RETURNED MINNHApoLrTAN
TELLS STORY Or pRosPzRITY.
Farm Lands Sell for $3.50 to 81 900 an
Acre, and Cairo lAEro CITY CITY Lots Change At
Figures Which Look Fabulous E,s
rope Generally Rejoices IN Good
Times. ,,.s.za s,t,, is 4

For real estate advance The like Of
which America has not seen, and that
would make even a Minneapolitan Of the
old boom times open his eyes, one
should 20 these days to far-off Egypt,
which ancient country, according to re-
turning Minneapolis travellers, Is now
one Of the most prosperous Of the
world.
Commerce, returned yesterday from q
long tour Of Europe, ending with 2 run
up the Nile to Assuan. Mr.. Piper
Southern saw Esrope % Riee two years.
ago, Mr.. Piper found the local author
tiles claiming population for the IA
nous tourist city of 10000 Inhabitants,
and now there is a population esti-
mated as high as 10000. Other cities
in France and Italy have grown also.
New buildings are In evidence and the
people apparently are prosperous and
years. In. Naples; from which city Mr.:
Piper got away before the eruption Of
Vesuvius, conditions are much the
same. Il y, az - = 3 sts =
Cairo Is Booming.
1t Is not, however, until one strikes
Cairo that prosperity greater than any y,
thing. in comparison is seen. Until
within recent. years Egypt, was neg
1ected and misgoverned. Today the
English are in, control and credit fol
the wonderful advances made goes prin
cipally to Lord Cromer, the British rep
resentative. There have been increases
in land values that make our own north
west prices seem ridiculously low. Elk
act comparisons, however, are not fair
for Egypt, with about 10 100000 people
has only about 100000 acres Of de
sirable land, 50 that circumstances ia
vorable to an increase existed prlo'
to the stimulus Of, the British occu
pancy, and the fact that from mucl
Of the area two: to-. four crops arr
Nevertheless, the prices are astonish
ing. The lowest farm value heard O.
was $3.50 an acre. and from that up t.
$1,000, while 931a, or about SIT g.
acre, was the lowest annual rental. III
Cairo, which under old census figures
appears in guide books as having
population Of about, 100000, but reall.
has something, close to 100000 in tn
city and suburbs, a. parcel Of real es
Estate of good location, yet almost a mil
| rom the center, sold recently for $3.50
900, the. size being about 150xl5o feet
AT, Carlsbad Mr.; Piper met Senate
Washburn- and his. son, Stanley Wash
burn. Senator Wa5hburn was then O
his seventh visit to Carlsbad e,
Promise gof, Bounty.
Thru France and Austria. the graf
, crops were looking fine. little to
much moisture being the: only complain
East central Europe has the promise G
good harvest. Financial Paris present
the. appearance ofofnll confidence in TIL
outcome Of the French commitment j
Russia, and, tho ! the debt has grow
enormously the b. French bankers 'hav
not the slightest aune asiness: Howeve
unsettled the conditions, I'M Russia ma
). become, all, financial sEurepe believes !
the ability of that country ultimatel
! to pay all rherv obligations, p
ri While Mr.. Piper was III Paris the Sa
/, Francisco earthquake occurred, and tt
! |!effect upon the American colony we
Is |pronouncea, for San Franciscahs: hay
K always been partial to Paris and mol
; are to, be found there than in Londo
= or other European capitals. Some Ame
i leans Of wealth, whose Investments WEI
,, largely in San Francisco, found ther
selves in hard straits, and few eve
!, sold their automobiles and other lu:
!, nlries and with the cash proceeds starte
for America to see what was left !.
r their realty holdings ,gs on the Pacif