Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-04-16

tinued Monday Night.
AT Sherman hall in the city of st. Paul was
to be seen last night scene never before wit
messed in this country: A syndicate of Mani
toba capitalists, very largely interested in
real estate in their own country, engaged in
an effort to sell to Americans lots in an
American town site, purchased on their part
as speculation. The American the world
over is known as a speculative genius, but it
has been left to the gentlemen from Win
nipeg, represented in the ownership of
the town site of st. Vincent to give them
cute Yankees lesson in booming an enter
prise IN which he mas invested capital in the
hope of realizing profit.
OF the coming of the Manitobians the GLOBE
OF yesterday morning bore striking evidence,
a page Of the paper being taken up in telling
IN glowing language and enthusiastic prog
nostications, the facts as to their coming and
their object in coming. Following the news
paper announcement the facts as to their visit
was further heralded about the city during
the day, yesterday, by the aid of the Great
Union band, with their band wagon placarded
with the announcement of an auction of st.
Vincent town lots at Sherman Hall last even
ing.
TIE PRELIMlNARIES.
At 7:30 the hall was brilliantly lighted and
the band stationed outside to further attract
attention to the sale. At first there was an
evident backwardness on the part of the peo-
pie to be seen entering the hall, but as sheep
follow the bell wether when on the stampede,
so 1t was with the people of st. Paul last night
the few holder ones who first entered were
followed by Others until at s O'Clock the hall
was comfortably filled.
All thus being ready, Gen. r. w. johnson,
who, as agent, sold the st. Vincent
town site to the Manitoba
syndicate, stepped to the front, and
briefly stated the facts of the sale and ex-
planned the location of the town. The town,
he said, had been located by st. Paul gentle
men, who had decided one-half to the railroad
company in consideration of certain improve
ments on their part, which had been carried
out. The other half bad been sold in a lump
at good price to a syndicate of Manitoba
gentlemen, one of whom, Mr.. futile, was
present, and who would explain in detail their
object in buying. Further he would only say
the title to the property was perfectly good.
TUTTLE's TALK.
Mr.. Tuttle then stepped forward with the
remark that to some it might look cheeky
for Canadians to come to the metropolis of
Minnesota to sell town lots-not Winni-
peg town lots, but Yankee town lots. The
people of all countries had, he said, been in
the habit of looking to America as the center
of energy, enterprise and public spirit
Closely allied to America by contiguous ter
ritory and commercial relations, Canadians
had naturally patterned after America. 1t was
the exercise of that spirit of enterprise that
encouraged the Manitoba syndicate to buy the
st. Vincent town site.
They had bought, Mr. futile said, be-
cause they believed they saw in it the flu
ture
GREAT INTERNATIONAL CITY OF THE NORTH
WEST.
Infve public sales in Winnipeg property in
the town to the value of about 100000
had been sold, largely to parties who are go
ing to improve their purchases. One party
from Kingston had bought block and he had
already formed a syndicate for building on it
$4,000 hotel. The Canadians proposed to
furnish their proportion of the capital and
population in building up this international
city. BY its location it must becomeiand re-
main the great railroad center northwest of
st. Paul, until the entire Canadian railway
policy has been overturned.
COMMERCIAL EMPORIUM AND RAILROAD
CENTER.
The syndicate had fully counted the posi-.
bilities when they made the purchase, and
they were fully convinced 1t was to be a
great commercial emporium as well
as railroad center, and further that
it would result in establishing closer
commercial, and perhaps political relations,
between the two countries
The Canadians want to see fine city on the
northwestern border between these two coun-
tries, the entrepot to the finest agricultural
lands IN the world. The people of st. Paul
Iu inf od
up this city, and therefore they have come
here from Winnipeg TO give them chance
by investing in the lots. They had come to
sell the lots; they were going to stay until they
sold them. They would offer them before
they went in this hall, in the Opera House,
at the Merchants, all over the city. The lots
were going to be sold, and the quicker st.
Paul stepped in and bought them the quicker
they would finish up the business and be
ready to go home.
THE TERMS.
The terms would be 20 per cent down, so
per cent May first and so Per cent. in six
months. Between the payment of 20 per cent
and time for paying 30 per cent. the purchaser
would have ample time to investigate the
title, and if any flaw was found the money
would be returned, the first payments being
deposited with Gen. johnson, so the purch-
aser was fully protected.
THE GREAT COoLICAN.
Mr.. futile having retired Mr.. P. T. Kavan
agh stepped forward and introduced Mr..
Coolicau, Winnipeg's famous auctioneer, who
promptly stepped upon the platform He is
dark complexiOned, black hair, side whiskers
and mustache, hair parted in middle. clear
skin, about feet II inches, and the general
appearance of man who lives well and
takes the world easy. Mr.. Coolican
entertained the audience for = few
minutes with some illustrations of how the
real estate boom works in Winnipeg. He
told of piece of property on Main street,
25x20O, which nine months ago sold for S85,.
000 Every one said the purchaser was crazy,
but he sold it for $4,000; and again it was
sold for 5000. He was one of a syndicate
who purchased it at the latter figures, and
they are now refusing $4,000 for it. a lit.
tie shanty on the rear of the lot was doing
saloon and restaurant business, and had been
offered S12, 600 bonus for his lease of one wear.
Another instance cited was the boom at
Fort Edmonton, several hundred miles be-
yond Winnipeg. Why" very inno-
Gently remarked Coolican we didn't expect
town there for two years. But we started
boom, and lots that sold at the start for 500
are now selling for 5000. True, this is specu-
lation, but it's speculation that makes and
builds up atown.
IMMIGRATION.
Continuing, Mr.. Coolican said he had lately