Bismarck tribune., 1882-03-10
WINNl
Shed Lambert Returns From There
and Tells all About Its Boom.

\
Winnipeg is having an Unprecedented
boom-a regular old fashioned real estate
craze; or in other words-in the express
sive language Of the United States they
are having little Yankee Doodle on
British soil. That's just about what they
are having, when it is simmered down to
the unembellished, solid merits. Sled
Lam bert, who returned from there Tues
day evening, says he never experienced
anything like it during all his peregrina-
tions through this world of lunatics.
Train loads of town lot hunters are arriv-
ing there daily and investing tnelr ready
cash with chlldlike simplicity. Business
sites are sold for from 1000 to $500 q
foot front Auctloneers are kept busy
selling town lots from one to six miles
from the center of Winnipeg, out on the
open, wet, boreal swept prairies at figures
that would put Il man in possession Of a
quarter section of good government land
with all the necessary improvements and
required work. Its simply amazing 10
listen to his rehearsal OF the way :hlngs
are booming at Winnipeg, and then think
of what the reaction will he when the
craze Is over, and prices begin to recede
to their solid level Crashing of teeth
viii be simple pas,ime. Hotels are
bigger mon.y making institutions than
minis. Ii is almost impossible to get q
bed to sleep in. 1t costs $3.50 to occupy
bar,room chair for nignt. Any one
who has a room big enough to open an
eating house is fixed. There are no sa-.
looms in that city, no gambling houses
nor variety theatres. They are prohibited.
In order to obtailaa license to retail liq-
uoys it is necessary to start hotel with
thirty sleeping rooms. The best hotels
there arr inferior to those in Bismarck,
but they can't he bought for anything less
Than an even 100000. A brotber Of T.P.
Davis, OF this city, who had a hotel, no
better building thaa the Merchants. and
not halt as large, sold it for 100000 cash
recently. Everything else is in proper
ton A man with only $4,000 or $780,
| 600 is kicked out of first class hotel bar
rooms rs an undesirable bum.
There are, however, seve'a al good feat
ures of this Winnipeg craze. The cool,
Level headed parties will keep their
! wealth and quietly slip out and settle in
other places Thus the craze will serve
| to fill up The broad, rich prairies Of North
| Dakota Another gratifying feature OF the
craze is, the Britisllers and Canadians are
paying for the Yankee Doodle music the
shrewd Americans are playing. Nine
tenths of the stampeders are from Canada
and England-so 'wats the hods ?"
TO expose the balloon character of the
Winnipeg boom it is only necessary to
give few figures, and compare them
with Bismarck prices. City business
property-the vacant grounds selling
ior, from $1,000 to $1,50O per
foot, and the land syndicate is offering
farm land at $3.50 per acre with q rebate
of S1.25 per acre for breaking it. Thus
Lit will be seen that land is very cheap in
comparison to city property, and yet II IS
necessary to offer a premium in order TO
induce people to go oul into t'e rural dis
! tricts to start tributary precincts for the
support Of Manitoba's inflated metrop.
/ oils. This simply illustrates that there
j is no real merit in the Winnipeg boom ;
/ that il is Wild real estate craze that Will
,vrpck every one but the Yankee real
estate dealers. %.
The difference between the Winnipeg
and Bismarck boom is told in the follow
ing figures. The best business sites 10
Bismarck, sells for 5000 !, foot, and desir-
Liable lands adjoining : the city from $2O to
i 800 an acre. The value OF our farming
a lands proves the merit Of the Bismarck
hoon. Yet thousands of acres of govern
ment land can be ob,ainnd at convenlent
! distances from Bismarck. !.
The Winnipeg boom .s q bubble tnas
lis already strained to It's pursuing ~ Y;
point, and the TRIBUNE would ADVISE 1N'i az
there TO come to. bismarck ana I. 1ake a., ~.
/ vantage Of legitimate boom, II q DOOM DOOM
!. lis whatthey are looking after.