Bluefield evening leader. [volume] (Bluefield, W. Va.) 1906-1911, 1906-11-25
TIME TO
BUY REAL ESTATE.

Increase of the value OF real propertv
In this country within the next few
years and have ventured to advise
the purchase OF such property nv
those who would increase their for
tune
One of these men is James J. Hin,
president of the Great Northern Rail-
road. who is one of the ablest men
In this country. The others Is
Charles NJ. Schwab, of the United
States Steel Company Neither, it.
may be said. may hope to profit
should their advice be acted upon.
President Hill advised the pur-
chase of farm land, which he said is
certain TO appreciate in value be-
cause of the great immigration into
this country from the old world of
people who will seek to acquire such
land and will bid against each other
for its acquisition. Mr.. Hill express
sed his belief that the population of
the United States will within the life
time OF men now living be double
that which it is now.
Few men are more familiar with
the immigration movement than Mr..
Hill is and his prediction OF a large
ly increased population Is pretty sure
to be correct Mr.. Schwab advised
young men who want to get start
i'm life TO invest in town lots. He
expressed his belief that the best
place to buy such property is in
manufacturing towns. Near manu-
featuring Cities" he is quoted as
saying.
The utterance of these two able
men are worthy of consideration by
those persons who fear that the en-
hancement of reality values in this
section is the result of speculation
and that the advanced price may not
be maintained. Some attribute the
rise in reality values here to specula-
tion incident to the holding here of
the jamestown Exposition. This
contention seems not to be well
founded, for i'm all portions of the
United States where there is growth
and promise there is similar rise
in land values.
The enhancement of values here is
probably more rigthfully attributed
to the development Of the region
through the building OF the great
Tidewater Railroad from West Vir-
ginia to Norfolk and the expansion
of other railroads in Tidewater Vir-
ginia, along with the location here
of large manufacturing enterprises.
Some very shrewd business men here
seem likely to be compelled to recast
their views upon the question of Nor
folks rising realty.
They have probably not looked so
widely over the field as President
Hill has and, therefore, failed to
measure accurately. It is obvious
that should the population of this
country increase only fifty per cent.
within the next twenty years there
will be far greater competition for
land and lots than there is now with
corresponding increase of value OF
each.
OF the soundness Of Charles NJ.
Schwab's advice there can be no rea-
sonable doubt. The price of lots in
every town of promise in the United
States will rise under the influence
of the swelling population Of the
Union. or all the promising towns
in this country today Norfolk Is fore
most. There may come periods of
depression which all should be pre-
pared for, but that those who buy
and hold raelty here will profit is
certain.
Every person who can should buy
so much land here as they can paw
for, the closer this IS to the heart of
the city the safer the operation.
specuIators who overload themselves
or get too far ahead are apt to suf
fer In the event Of a depression which
may be even temporary. but those
who buy only what they can pay for
or can at least carry through any
emergency, are sure of eventual profit
which Is very likely to be heavy.
Real estate is the safest invest
ment of all, and Norfolk real estate
promises to be the most profitable Of