Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1914-09-22
NOT A SURE THING
LAND INVESTMENTS DO NOT AL
WAYS PAY SPECTATOR OR
INVESTOR.
TWO CROP FAILURES IN
SUCCESSION IN ONE SPOT
Iowa Man Returns From Visit to III
nois With Evidence That Land In
vestment Is Not Certain Road to
AffIuenee - Corn Husk Weather
Prephets-Wilson's Observations.
Special to Times Republican.


Eagle Grove, Sept e2-Speculauve
investment in land in northern Iowa
has become so common that It can
hardly be said to excite frequent COM
ment in these days. Everyone at all
nosted on the subject can readily re-
cal numerous instances OF this Kind OF
business buying expensive farms, pay
ing only d small amount at The time
o. purchase and holding for a rise
that generally came IN due time. No
BODY can recall many instances OF ia!l-
ure IN ventures OF this kind, and near
IL every deal made IN the last ten or
a dozen years has made money fo- the
dealer and many have come TO lock
upon land investment as a sure ROAD
10 financial gain. Eat a retired far
n.e- OF this town recently has returned
from visit to central Illinois and this
in substance is what he has 10 say on
the subject Of land investment as
sure thing
II sold my farm near here" said he.
FOR $4,000 and left $4,000 in the land
! know OF very many other recent
Wright county transfers OF the same
kind. The man who bought my farm
has been offered. ALREADY. an advance
OF $50 per acre for the place and has
refused 70 sell. can there be such a
thing happen here as q fall in the price
OF land? Well. there have been two
successive crop failures in one of the
best parts OF Illinois and this Is what
happened there in consequence. Farms
were yielding their owners IS per acre
in cash rentals When crops failed last
year the renters, most Of them Young
men gave their notes. large percent
age of them Endorsed by their fathers
or father-in-law. for the unpaid rent
This year there is again only partial
crop. and the renters are practlca!Iv
busted. They are leaving the farms.
and farming, for the towns. scores and
scores of them. Automobile men nave
gone out of business and there are not
half so many cars on the farms there
as was the case two years ago. Land
is $40 TO $50 an acre cheaper than II
was at that time I have an option
on a farm there now and am consid-
ering seriously its exercise for, OF
course, values Will come back after
awhile The same thing that has hap
pened to that section might occur here
and it would produce somewhat sim
liar effect Any element of risk in land
speculation here? Yes. indeed,
couple of serious shortages in crops in
successive years can put land prices
away down temporarily here well as
in other places. II is not a sure thing
by any means.
". a. Paine, an Eagle Grove farmer,
has a crib and granary that is sup
posed TO be rat fire and lightning
proof 1t is square in shape and has
a pyramidal roof. The foundation and
floor is concrete and the roof and sides
are covered with galvanized iron. 1t IS
claimed that lightning cxerts TO dam
aging effect on a building equipped in
this manner and certainl" fire. espec-
tally from the outside would be a re-
mote contingency.
If thin corn husks and exposed grain
presages mild winter IhIs part Of
the country' can expect 10 escape the
rigors of old-ti-ne cold and storms for
the third time In succession. In eysry
held hundreds Of ears u corn are 10
ne seen ALREADY "huskei" and nothing
remaining Of the work o. harvesting
excee7t that - breaking ~ -eFla7lll;,''
and throwing the ear MO the wagon.
The feds % corr IN this locality look
unusually well ever. for ta:s favored
corn raising rou, t-v- -hey have PASSED
the STATE q promise tor PRACTICALLY all
~ .hs-- z-= -@sdr tor trost q aav
tina L ta-- several farmers last weak
expressed M wish -aat frost nigh.
core a-6 finish ~ ne Tors partly
so-.s - ne -e~@-- g.lS71aijg warm
-.s-f<,% TIL ~ z---- -r-,= ~ -r--- r-u-,