Evening Republican, Volume 19, Number 265, Rensselaer, Jasper County, 8 November 1915 — Many Suburban Propositions Being Pushed in Indianapolis. [ARTICLE]

Many Suburban Propositions Being Pushed in Indianapolis.

The editor of The Republican was unable ir the limited time at our disposal in Indianapolis Saturday evening ami Sunday to learn anything about Washington Place, the east Washington street suburb that prompted a warning to local investors not to buy without a thorough investigation. We were told that there are probably some fifty suburbs being boosted by various Indianapolis real estate firms and that any of them have attractive selling advantages to home builders, but in the opinion of businessmen of wide experience none of them offering any investment that could be recommended for speculation. Lots are non-earning property. They must be improved before they earn anything and it is probable that suburban residence property at Indianapolis offers no better investment than renting property offers right here in Rensselaer. If any who feel tempted to buy Indianapolis lots as a speculation because they can be bought on the installment plan will consult any Rensselaer banker we venture that they will be told that there is a fine chance that they will have a hard time selling the lot for what they have paid for it any time in the next dozen years. Rensselaer is in need of modern renting properties. A building and loan association here would result in the erection of many new homes and would be the finest kind of an investment for persons who have $lO per month to lay by. We should like very much to see some one start an association here and it will result in the keeping of the money here where values are fixed and substantial and prevent its going to Indianapolis to lay idle and to waste away. The Republican will make a further investigation of Washington Place, the suburb L. Kennedy is exploiting but really this is unnecessary for it is a well-established principal that money invested in vacant lots as about the deadest investment that can be made.