Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-18


closed contracts for over $4,000 worth of
property during the present week. This
is a very good plan and enables a number
of friends by combining their capital to
handle large and valuable properties.
HOUSES, HOUSES, HOUSES.
The demand for cheap houses that
will rent at from 80 to $50
per month is increasing every day and
every Office in the city Is literally besieged
by house hunters.
It is great misfortune that there are
not 1000 houses ready for tenants be
tween now and May l, and it is going to
result quite disastrously to the city.
Many contractors and laboring men who
can find ample and constant employment
here desire to bring their families but are
unwilling to come without them.
The result is, that not being able to Sc
cure shelter, they turn away from here and
go elsewhere, and so the city loses largely
in population that would otherwise come
and permanently settle in ST. Paul.
NEW HOTEL
must be built, even if that million bonds
has to be disturbed. Everybody says So,
especially do our wholesale merchants re-
alize the imperative necessity of
more hotel facilities. If the present
organization has abandoned the job, why
not say so and possibly other citizens
would then move in this matter. Where
is the brain and push and public spirit
supposed to be embodied in the chamber
of commerce? We suggest that two pa
pers be circulated Immediately by the
chamber of commerce. One pledging
subscriptions to the stock of a corporation
that will build, equip and operate new no.
tel and the other pledging subscriptions to
bonus fund to be given in aid of the en-
terprise. Then those who won't take stock
can give outright and those who prefer
can become stockholders in the corpora
ton. We think limit to the cost should
be absolutely fixed as a condition in each
of such papers, viz: that the subscription
to stock or the bonus fund should be con-
ditionsd upon the erection, equipment and
opening within two years of hotel which
shall cost, exclusive of the site, not less
than three quarters of million dollars.
The location should be SO far defined as to
specify that it shall be located within or
fronting upon a square bounded by Third,
Seventh, Wabashaw and Broadway,
thus leaving the exact and
definite site to be fixed after
subscriptions are procured. When the
stock and bonus funds are pledged then
the committee, syndicate, or corporation,
having the matter in charge can throw the
| question of location open to competition
within said prescribed limits. Then within
the limits prescribed wherever the proper
| ty owners will offer the cheapest and most
eligible ground for hotel with the largest
| local bonus let that fix the site.
| Anywhere within the above mentioned
area new and elegant hotel would be an
assured success. OF course if it were on
Wabashaw, Jackson, Robert, Fourth OIL
Seventh street, the stores under it woulG
just nolU command higher rental than il
it were built on Broadway, Rosabel, Wa
couta, Sibley, Fifth or Sixth streets, but il
will take nearly two years to build it, and
wherever located, the adjacent property
|
with much finer improvements if it is placed
on street that is already comparativel,
vacant than if placed on one where cheal
Improvements have already been con
structed.
The fact is Third street is held bacl
simply because the cheap improvement
already on it command such high rental
that it is running that street. The owner
won't tear down buildings the tare nettin
. them from Is to % per cent, to bull
costly and elegant structures that woul
not pay such per centage o
} their cost. So Fourth street, whic
had nothing on it, is bein
5 built up magnifcently, and is really muc
A finer than Third street, and real estate o
f it is more desirable to-day at prices aske
: than on Third. If new hotel were locate
l on Broadway or Sixth, Rosabel or WI
+ couta, where there are no Improvements
= mention, before it could be completed tt
adjacent streets would be improved wit
e finer and more costly structures than al
y now on the best improved streets. In otht
:. words, a fine hotel wi
: make its own neighborhoo,
; The ground on which to build can b
. bought much cheaper on some of tho:
! streets that are as yet comparatively Ill
f improved than upon those streets that al
d now established business thoroughfme
Y and before hotel could be completed an
o opened everything in its immediate vicin
ity would be built up with first class, moo
ern business structures.
o If any scheme could be devise
II by which the public in its corporal
# capacity could aid the erection of a ne
3 hotel, it would be a wise and econom
o thing to do.
The taxpayers of st. Paul had bett
r bear the burden of the entire cost of ne
i hotel than that the city should not ha
# such an enterprise, but in some way ii
enterprise ought to be inaugurated al
ID pushed to completion at once.
IL THE NEW CHAMBER OF COMMERCE
# project is eliciting very general approx
It and the location of the new building wi
1T mark commercial center and build I
about it certain enterprises of vast nome
nd