Excerpt from The Parks and Property Interests of the City of Chicago: With Maps In the estimation of these, every advance in real estate has been the result of some artificial effort to inflate the market. Always, a reaction was about to set in, and decline far below the starting point was speedily to come. The man of moderate means, who had, in his abounding faith, gone his bottom dollar in making a first payment, was held up as a miracle of blind folly; and those contemplating such a proceeding were coun seled to make some better use of their money - to put it into a savings bank, or buy an better, nothing worse, than this. Still, these transactions have gone on, and, alike in the case of men of small and of large means, a speedy and liberal return has come. Of the hundreds who, every week, have thus, as the cant phrase goes, been discount ing the future of the city, we have yet to learn, in a wide observation, of the first instance in which the poor have been made poorer, or the rich failed to become richer, by the trans action.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.