Untitled

Taranaki Daily News, Volume XLVI, Issue 188, 13 August 1904, Page 2

How a moderate capitalist mine* becoming a millionir®,—ln reviewing the riso of property in New Plymouth during the deriod 1890; to 1904 it was possible for a £IO,OOO capitalist to be on a (air road if becoming a millionaire, and it causes much study to-day beforo anyone can bo in a position to tuiy that tha opportunity has now gone by ; when ivo come to conWder that the whole jf the freehold in tho borough of New Plymouth contains only about 847 acres—lo4 acres central ward; 81) acres western ward, 158 acres oastmi ward—one-fourth of the total ; ait'a of which could have boon ,purdiaaod for about £17,000 unimprovvalue within the period mentioned-, which lifts incrensod ,to a present | saleable unimproved value of about | £221!,000. Many residents remerabw | a few years ago soctions in Hin««t. I were looking for buyers at £!&• a, Miction. Are there juiy aoUers 1 "at ' £250 a section to-day 1 We have no local Industrie! that the cause of this 'lse in Value can be attributed to. It is practically the prosperity ot i lurunuki which tho syndicate k'nowft ias tho Crown Dairy • Company «u ; the moans of starting. There are no* i enterprising capitalists in New Ply- '* ; ; ii'outh up to the present. It cannot : ue long before capitalists will ■ their attention to what is the greatW colony in the world. Labwir. wlll follow capital. Tho population wilt i and when wo consider that Mie total urea of our borough tould bo held by about 300 persons with a i in tie over an ncro each, and risine * ;n valuo ns it has dono with a n o uu. ation of (3000, what will be the vane when the population reaches 20, 000, with large industries? ProDcr* ty values in New Plymouth are "£?) iron ; ' depression can never art™) them. Depression should cause ' • and with unity we can drive at t 0 prosperity. It j s , hat t.:e l.ivt direct steamer ' cause a„ increase in value of T?? nak. property o." £500,000, '• ally «o should say now i» on ' , to acquire freehold ifonlt, ma ' ' scale. Callaghan and cao**olf" ' opportunities of securing k olTw deposit, unTin - capitalistf will WMt .k • 1 Again, in 1908, what wttTbii. ;U h : expi,ation ° f «>• , J " f '*l %1 - ffe.ii