Coeur d'Alene evening press. (Coeur d'Alene, Idaho) 1907-1929, 1908-04-01


uries sustained in a railroad wreck
while en- route from Helena, Mont, to
his city was compelled to abandon
lis real estate business temporarily,
5 again able to assume his duties and
las on his list splendid line Of bar
kains. both in city and farm proper
les.
Mr.. LeDeau while in Montana took
occasion to look into the real estate
ituation in that state and since that
lime has visited a number of the
owns in this state and Washington.
Speaking of the real estate situation
md the business conditions prevail
\ ng throughout the portions OF the
tates he visited, Mr.. LeDeau said:
II found in Helena that business
conditions were rapidly coming back
o their norma state-coming back
o where they were prior to the COM
ng Of the recent panic which we have
been passing through. l found that
he mines in Butte were commencing
operations again, that the smelters
we're starting up again, and found, in
lrief, that every business concern of
my size or significance was COM
nencing operations and that their
management were looking forward to
year Of good prices and prosperity
n the Industrial world. feel from
ny Investigations made into business
conditions in general in Montana and
bther places that 1 have visited that
he panic was but temporary lull in
business; that it has passed, and that
he people are beginning to realize it.
The time has already come when cap
tai that has been boarded is being
put into circulation in the way OF
Oans and investments and otherwise,
md everything, to my way of think
ng. indicates year of prosperity for
svery one. The slack in business, the
apparent prevailing depression is not,
n my judgement, real. but only imag-
mary. The people received a scare
md they have not fully recovered
from 1t. They are as yet more or
ess reticent In their business trans
Actions, but as each day goes by they
Are beginning to realize more and
more that the panic has gone by, and
I is my prediction that in a few
months business conditions here and
Elsewhere will be as good as they
Fere prior to the visitation upon us
IF the so-called panic.
Being engaged in the real estate
business myself, L naturally investi-
gated conditions surrounding this line
more closely than l did any other
inc or branch of business. Helena
hnd Butte and all other towns in
Montana are looking forward to an
immense lot of business in real es'
ate through the coming season. The
real estate firms are buying heavily
n tracts and farm lands, and fruit
ands are greatly in demand. They
Express themselves as satisfied tina
the real estate situation Is going Il
be as good as it ever was and are o
the opinion that the coming season
will see all kinds of real estate ex
changing hands at a higher prie'
than ii has heretofore been. I hav,
met and consulted with the promi
hent real estate dealers OF Spokane
he real estate men of that city. a
Montana. are sanguine as to tn
eal estate market. They are full,
0nyinced that all kinds of real estat
going to maintain the price that
old at prior to the depression in tn
honey market. and state that ever,
condition exists to make it so higher
they are investing extensively Il
ract lands. farm property and frui
ands, and also in city property. bu
ot TO as great an extent as IN N
former.
Il can not see any reason why an
kind OF real property should decline
can not understand why II should
because land Of ali kinds is CROWN
seareer each day and the population
increasing each day. and the deman
Is greater now than ever before. Al
these conditions. to my mind. poin
to real property going to 3 great dea
higher price than for which Il d no'
selling. There Is going to be heav
immigration into The west this yea
from the east and middle west. IN
greater portion Of this Immigration