Minnesota And Dacotah By C.C. Andrews

 -  Now I do not mean to discourage moneyed men from
investing in Minnesota lands. I do not wish to raise - Page 110
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Now I Do Not Mean To Discourage Moneyed Men From Investing In Minnesota Lands.

I do not wish to raise any bugbears, but simply to let them know that hoarding up large tracts

Of land without making improvements, and leaving it to increase in value by the toil and energy of the pioneer, is a way of doing things which is not popular with the actual settler. But there is a great deal of money to be made by judicious investments in land. Buying large tracts of land I believe to be the least profitable speculation, unless indeed the purchaser knows exactly what he is buying, and is on hand at the public sale to get the benefit of a second choice. I say second choice, because the preemptor has had the first choice long ago, and it may be before the land was surveyed. What I would recommend to speculators is to purchase in some good town sites. Buy in two or three, and if one or two happen to prove failures, the profits on the other will enable you to bear the loss. I know of a man who invested $6000 at St. Paul six years ago. He has sold over $80,000 worth of the land, and has as much more left. This is but an ordinary instance. The advantage of buying lots in a town arises from the rapid rise of the value of the land, the ready market, and withal the moderate prices at which they can be procured during the early part of its history.

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