The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1908-11-10
F7AIRWONT DAIRY GO
REAL ESTATE TAECORNER
STONE OF PROSPERITY
THERE NEVER HAS BEEN FAR IN MARION COUNTY BUT WHAT
CONTAINS A DIAMOND IN THE TOUGHEST STONE"
IBy LEVI b.

Real estate forms the basis for
taxes: and taken as the basis is the
only equitable manner in which taxes
can be adjusted. There is no doubt
if our present tax laws are enforced
every man will pay taxes in proper
ton to the amount CT his real estate.
There never can be a law enacted
which can enforce a just tax on the
personal effects OF man.. The real es-
tate proposition in Fairmont has be-
come of great magnitude from tax
standpoint. with properties valued at
ten million dollars and new values
being made every DAY. If the proper
ty did net enhance in value then the
property holders are losing money BY
way of taxes and the aggressive com.
munity is getting the benefit. Every
property holder should see to it that
his property is always abreast OF its
true and actual value.
Real estate is the basis of security
for loans whether through banking il,-
stftutions or direct from individuals.
That community is most prosperous
whose real estate commands the larg.
est loans at the least rate. WHO
would think OF loaning money to an
individual who does not own any real
estate without security except as a
personal accommodation? Who would
accept as security men who 10 not
own real estate? There may be cir.
cumstances when such loans are made
but they would not be considered soHe
Stocks and bonds no longer form tha
basis of security. That sticks al
bonds were accepted generally as Sc
curlty was the direct cause of some
OF the disastrous Failures4oF iin4neIg
institution during the recent panic. II
credit is strengthened by owning real
estate, everyone SHOULD endeavor &c
own real estate. The individual whc
owns real estate becomes tax payer
helping to support the State, citizen
in the brcadest sense, has credit with
institutions and men. to borrow mon
ey and has his money invested wher,
1t is safest and returns surest. Dur
ing the most exciting periods OF the
panic banks were looking for loans
on real estate. people withdrew tae;i
money from the banks and invested
in real estate mortgages. The moro
frequent real estate Changes owner
ship the better the mortgages on the
property; it denotes good condition
In the community. There is no man
but who could own lot or few
acres If he so desired. and II he has
not thought about owning real estate
| In this respect he should at once be
gin to study the proposition seriously
If man is paying rent and desires
to invest in real estate SO as to stof
paying rein or desires to continue pay,
ing rent and purchase mortgage on
real estate. that is a laudable ambition
/ You seldom hear man complain who
+ has this, ambition. Don't delay in AL.
vanctng prosperity individuals coun
| ellis and courts may have delayed pub
Tic improvements to the. extent that
the increased taxes on the property
enhanced in value by reason Of the
public improvements would have mad
the improvements but In this you can
net justify yourself in retaming ac
ton or delay; there never has been a
house dilapidated for want OF use in
y Fairmont or a plan Of lots reverted tn
| COW pasture. There never has been a
farm in Marion county but what con.
i tanned diamond in the toughest
stone.
|