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Show Price Real Estate and Carbon II County Farm Values M ly ARTHUR J. LEE U President and .Manager of the Equitable Real Estate and Invoril- ' ment Coniany, Price, Utah. 'M iH Dear Mr. Editor, I am prompted to address you on the matter of real estate in gonornl, and in Carlwn county in particular, from the fact that so few people seom to realize that real ostato is the M basis of all credits in the United Stntos whon tho mattor is sim- H morcd down. It is qulto truo that national banks aro prohibited H from loaning money on real estate, simply because it is usually H long time nm', and not because it is not good security. Howovor, H when you apply for a loan nt tho bank tho first thing is that you H furnish a financial statement of all of your assets. If you own a M farm or other real property unincumbered and the loan Is for a M short time the banker accepts your statement and givm you the M money. Why? Because you have real property back of you suf- M flcient to iay the loan in case something should hapiwu to you. So , H that in considering your assets the first thing thought of is wheth- jj et he or she is the ow ter of real estate. The merchant who owns i H his own property shows his real estate as an asset. If he luu no M money with whicli to start business his real estate is conshleml d sufficient to entitle him to the necessary credits. And, so on down H the line. P sH There is no gamble with fortune in an investment in real ( H estate. There is no "if ami there is no "might be." It is an in- 'H vestment that you don't have to sell on which to realise a big profit jH year after year. Twenty-five years ago Main street property in H Price could have been bought ror less than ten dollars a front foot, H Much of it actually was purchased for less. Today no Main street H projerty is for sale except at a good round figure, and eople do JH not care to sell at any price. Why? Because those who have pur- H chased it from year to year can see that the importance of Price is H destined to become one of the best cities in the West, and as the IH importance of Price as a trading center fur Eastern Utah becomes Isfl better known real estate here will continue to raise in price. An in- lliH vestment in Price property today means profits in the near future, ! iH and more money can lw made and in much shorter time than lwul H you bought Mam street property twenty-five years ago. Price H 1 real ustate has doubled in the last f i e years and will continue to go jH up for the next ten years. Did you ever have a setup with the lanu- H .lord over some trifling repuits to the house you have paid for but H , don't own? if so, aren't you forced to conclude that you have mu- H aged your affairs rather badly ? If you have u landlord to contend H witli it's genet ally a case of ''keep off the grass." H Money Eaty Por Building Opoiatlons. jM Ordinarily a man does not become a firat-class cltisen until lit M owns his own home and becomes a part of the community in w-hieji H he lives. Means have been provided whereby a thrifty person may H become the owner of his bwn home and pay for it on the ilftll- ment lilan, thus enabling one to acquire a home by paying inajl , H monthly instailments in place of paying rent. Ordinarily Uttie mi- menU can be arranged so that your monthly InstftlwunU will not (Continued oh Paso Pour) t'H Price Real Estate and Carbon County Farm Values. (Concluded rrom l'nce One.) nmount to more thnn the rent you nrc pnylnj? out, nnd for which, nt the ond of five yenrs, you hnvc n bunch of rent receipts nnd the owner still hns the property. It is better, my friends, to live in n shnck or your own thnn in n rented pnlnce. Thcro is something in owning your own home thnt stirs the very depths of every mnn for no mnn rcnlly hns a homo unless ho owns it. Tho mnn who thinks of homo ns n snered plnce ns something to bo revered is the mnn who owns his home, nnd not tho mnn who is pnying bo mnny dollnrs n month for the privilege of storing his furnituro there. As populntion incronsos property will increnso in vnluo. It enn't help it. Tlint's tho nnturnl inw. Kig, busy buildings in the Inrge cities of the United Stntos nro not vnlunblo becnuso they cost so much, but simply becnuso so mnny people hnppen to pnss thnt wny. Put tho Wnlkor Unnk building of Snlt Lnko City or nny other big building of tho inrge cities out on the desert nnd tho mnn who bought it for n hundred dollnrs would bo robbed. On IJrondwny, Now York, on Stnte street, Chlcngo, nnd in every city where they build skyscrnpers proporty hns become so vnlunblo thnt it is sold by tho Inch, yet nt ono time Uroadwny wns n cow pnsture nnd Stnto street wns n swnmp. The purchnsor of tho property nt thnt time wns considered n fool, but mon who hnvo llvcd'to see these chnnges now wish thoy wore some of the fools. Tho snmo thing npplics to tho purchnso of good proporty in Prico nnd Cnrbon county, nnd tho writor wns among somo of tho fools who did not seo tho opportunities opportun-ities In Price yenrs ngo. Mnny opportunities still exist in Cnrbon county with its some thirty conl mines nnd moro being brought into in-to production every yonr. Cnrbon county will still continue to grow nnd renl oatnte vnluog will grow with tho growth of tho county nnd cities therein, nnd thu writor is inclined to ndviso tho thousands of peoplo of Utnh nnd in Carton county who nro grubbing around, trying to get n little money, losing dollnrs hunting tho pdnny, to invost in Prico nnd 0,,,'-n county real estate and quit worrying. -"" ' ""inaS'Prlco is growing l!jr per cent in ten yenrs thoatato 1 . growing nnd your invostmont must nnturnlly grow ns tlio populntion grows. Truck Gardening Pays Well Locally. Do you know thnt'Cnrton county Imports 75 per cent of tho farm produco and truck gardening products that aro consumed? In 1010 truck fund adjoining Prico produced n gross of $1500 par ' aero In onions, caullflowor abut $900 por acre, colory on a par with ' onionH, yot If you will visit tho express trains coming in to Prico ovory day you will find hundreds of pounds of this stuff being un- . loaded from tho truck gardons of California and Utnh. Cnrbon , county hns the land, tho wnter and the sunshine and lacks only tho mon who hnvo tho ability to sec nnd do things. No better market oxists thnn in Cnrbon county. Production is not keeping pnee with ' tho consumption. Tho only thing nccossnry to make Cnrbon county ' n gardon of Edon is tho mon who can seo tho futuro of agricultural Industry right nt our doors. Tho mon who mine our conl must bo . fed. Carbon county should-feed thoso mon. Thoy don't hnvo tlmo , to mine coal and raise a crop for thomsolvos. Then tho mines are not so situated that there is sufficient garden tracts to supply tho domnnds, so that tho Prico RIvor Valley must produco what thoy ' need. And, as tho agricultural and conl Industries grow so will tho cities of tho county nnd nn invostmont in oithor farm lands or city proporty will Increase in value nnd tho chnncos aro just as great to- . day ns they wcro twonty-flvc years ugo and tho returns will como much uuickor. Price Chamtor of Commorce is working on tho Pleasnnt Vnl-loy Vnl-loy rosorvolr project, fcomo dny this will bo built by tho government govern-ment or private cnpltnl nnd mnny thousnnds of ncros of the rlch-ost rlch-ost lands in Utnh will bo brought into cultlvntlon. Tho thing for every citizen of Cnrbon county is to get back of UjIb project nnd not stop working until It Is completed. Eastern capital is now considering consider-ing building a Bugar factory In Prico River Valley. Recent experN ments havo convinced the people that tho lands of tho valley aro adapted to sugar beet raising, and within three yonrs I fully expect to seo a sugar factory operating and making sugar from Carbon county beets. Ask tho peoplo of Utnh, Sevier, Cacho and Davis counties in this state, and tho peoplo of tho Uncompnghro and Grand Valleys In Colorado, and you will find that whore the beet Is produced tho fnrmors nro tho boat nble to meet thoir obligations, nnd to lny asldo moro than nny others. In conclusion, lot mo suggest to you pooplo who nro spending nil thnt you make onch month, thinking thnt tho more money you mnko tho moro you should spond, thnt you bogln to sot aside a few dollnrs each month, and when you have accumulated these look nround in Carbon county nnd find whore you enn buy a piece of teal ostnto by paying down a small nmount and the tolanco on tho Installment plan, and In that way accumulate faster nnd snvo somothlng thnt will grow In vnlue, ns It Is bound to do. In Utnh county where boot sugar factorloa have boon built In the past five yonrs farming land has moro than doubled in value. The 3amo will be truo of Carbon county lands and city proporty. Oil Industry Hereabouts Most Flattering. Anothor mattor that has attracted a groat deal of attention in Eastern Utah the last few months Is the oil industry. Many thousand thou-sand of aero of land havo been loased from tho government undqr tho now lonsing bill. Largo interests havo decided to develop this industry, and at prosent sovoral rigs aro bolng erected on ground near ub which will develop and show dofinltely whether or not thoro is oil in Eastorn Utah. Should it bo shown thoro is a com-Imnrcial com-Imnrcial field, I havo only to refer you to such cities as Casper, , Wyo., and sevoral in Texas an to what it will mean to Price and other cities in Eastern Utah. The writer believoa that thoro was never a more opportune time for real ostato investments than right now. As a show of good faith, I will state that the company represented by the writer has during tho past twelve months purchased over twenty-five ' thousand dollars worth of Carbon county real estate. Tho only ' reason why wo havo not bought more is because we spent all the money we had. |