The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1913-08-15

SSo ~ SoAiiAs5, Ny Trying u SLICK tuGul
with an unusual rate of interest.
When you find one willing to come to
your town and bring with him some I
OF his money, you must try to make
1t SO that his investment will be based
upon fair, equitable and u~ual terms,
and somehow or other it would be-
wise for you people to call in those
foolish balances your banks have
been carrying elsewhere, and let your
banks loan It right there in Keokuk at
reasonable rates OF interest, based
upon your own securities, viz. real
estate development, and then Watch
Keokuk grow
| am only one of great many peo-
lple have seen in the last year who
were looking Jour way. Ny partner
and | only reached your town by ac-|
| cident, and at time when we had
just purchased over half million
dollars worth of property in Louis
iville; had purchased lii Dallas, in Des
Moines, and my partner had used
much money elsewhere, SO We really
came to your town stripped of ready
cash. We are. however, progressive,
energetic, capable. and In command OF
la very large business. which fortu-
nately is prosperous right now in
these times when we hear low but dis
tant rumblinGs in money centres. Of
Ian impending panic. Information
REACHES me something like the fol-
i lowing:
"For Rent. Signs in Denver.
Denver has one hundred and forty,
seven empty stores for rent today on
Z its prominent streets, and innutuer.
J able small store standing empty on
side and back streets. 1t has over
two thousand empty houses with For
Rent marked up on them.
+ Broadway. New York, for at least
two and a half miles of its length, has
sixty five percent OF its stores
t empty. 1t is true they are building
Z subway through that section at the
i present time, but that did not empty
y all those stores, for before the sub
way began thirty-three percent OF
Il them were empty. | myself leased a
t property in this section recently for
I lust fifty-fiye percent OF what it pre-
e viously brought. and stores are offer
y ed me all along that stretch, as low
g as forty percent of what /. has &C
quired in years gone by
The word has gone out in the rea
1 estate community of New York that
i no reliable tenant shall be allowed tc
e escape. and while New York is grow
i ing faster than it ever did, some PEG
y, pie estimate that New York and en-
n virons will increase its population II
y the year 1918 something like sever
n hundred and fifty thousand Perhaps
p that is a wild guess, but there are
IS indications to substantiate it.
. Rents Going Down In Pittsburgh.
u In Pittsburgh, (where only few
y years ago one would be obliged t.
e buy out some other fellows lease a
a an enormous price,, empty store
stare one In the face in every block
and ! recently acquired store in tn
same block where / had been 70
Te years and where had paid s5,500.0f
m said store being IA IT, wide,I ac
.Iuuired new store and the buildin
above it (three stories) II feet
Il inches wide, for $4,000 on a fla
lIIease OF ten years, and very muc
better building in every way and pal
| ticular.
~ ho bor ~,
in Pittsburgh for the last three year
have been renewed at the same O
| less money, and ] am now offered
store for s5,50000 which moved ou
of three years ago. and where I ha
FOR five years paid s12,000.00 a yeal
HI have offered the owner 100000 70
the store, and he still stands 70
$4,000.
Some OF the difficulties that man,
featuring cities are suffering at tn
present time are due to the politics
outlook, and the prospect of havin
our factories shut down by the az
ministration which has proceeded I
make the usual mistakes that thu
party always did make. Some OF
is due to the very foolish and unwis
boosting up of rent prices that ha
been going on for ten years In thes
large cities, and one of the direct r
suits Of that boosting has been man
OF our young men are going out of o,
agricultural schools today and BAG
to the land; back again to farmin
where all our real prosperity as
nation begins. permanently reside
and will finally end.
Prosperity begins In the soil whei
crops grow, and any prosperity base
alone upon mandatory or mines,
fictitious and temporary at best
Keokuk like Des Moines, is In I'll
center, Or near the center of the la
gest grain field in the world but, di
ferent from Des Moines, Keokuk BIZ
power, lasting power, perhaps one