Daily globe., 1883-08-01
ST. PAUL.

VIC hOyS W lu0 commerce OF
the great northwest, whose fertile soil in
Vltes the agriculturist from every land.
this city, still in adolescence, will. during
The next decade, rival any city in the
west IN population, volume of business
and transportation facilities. It is the
greatest railroad center in the northwest
the terminus of trunk lines, with nearly
200 passenger and freight trains arriving
and departing daily.
1t is the commercial center of the north
west, at the head of navigation on the
Mississippi river, the connecting link be.
tween 1t and st. Louis by water. Bear.
ing daily on Its broad bosom freight and
passenger steamers, speedy, safe and com
Portable, centered between the Atlantic and
Pacific oceans. and drawing sustenance
from east and from west, its competing
trunk lines and waterways guarantee cheap
transportation.
An era of prosperity has dawned upon
st. Paul and attracted the busy workers of
the world to settle and engage in industrial
pursuits, initiating enterprises giving en-
ployment to every variety of skilled and
ments of vast tributory territory into
which. radiating from st. Paul, streams of
people are daily borne by the civilizing-
compelling railroads With an assured
future of bright promise the city has, as
If by magic, been placed on the most ex-
pedltlous and economical line of transpor-
tation of that commerce that has given
life and prosperity to the greatest ancient
and modern cities"
There is a splendid field in st. Paul for
the safe and profitable investment of CAP
ital III certain ways that will yield from 10
to Is per cent. We subjoin few statisti-
cal confrmatory facts enabling the reader
to form his own opinion.
In 1880 the population was $4,000; it is
now 100000. Assessed valuation of real
estate and personal property in 1880.
$29,668,387; in 1888, $60,000,OOO. The
wholesale trade has increased in one year
$2O372,495 over the preceding year, and
the grocery trade has gained more in
single year than in the previous thirty
years, Ieaping from $6,35O,OOO to S13.-
$1,000.
The lumber trade in 1881 was 81, ,34S. 900:
in 1882 it reached $3,439,622. The capital
of the banks was in 1882 $4,000, GOO; it is
now $6,27O,00C, with a surplus of $87O,431,
aggregating $7,140,0OO, exceeding in
amount the banking capital Of all other
towns in the state of Minnesota.
These alone are sufficient index of the
marvellous development and healthy
growth of the city. A review of the trans
actions in real estate and buildings is con-
frmation strong.
REAL ESTATE AND BUILDINGS
In
$4,345 .991; in 1882, the transfers were
4,497; value, $9,374,S42 of legitimate in
vestment for improvement or immediate
use-proven by the fact that there were
over 5000 buildings erected during the
year upon the sites purchased there. also
proving that there was no ''boom infa-
ton"
During 1882 there were 82 plats-7, 800
lots-placed on record in the western Dor
ton of the city, at prices that enabled
wOrkiDgmen and men of small means TO
secure cheap lots for their houses. Com
petent judges estimate that there will be
over 1000 buildings erected this season
The increase Of property prices is steady
and legitimate, but at the same time for
tunes have been made during the first few
years. For example: The Northern Pa
ci6c Railway company paid within the
past three months $4,000 for ground ad-
jacent to their general Offices that cost the
late owner $4,000 in 1872. Comparing
values. business property that is fair sale
in st. Paul at $3.50 per front foot, would
be held in Kansas City for $1,000 or
more. It is held with truth that ST. Paul
values have been so conservatively adysnc-
ed that there is not the slightest opportu
nifty for break in prices, and that they
will continue to advance until they are at
least on par with those of other cities
whose chances for municipal growth and
future greatness are rated somewhat near
to those of ST. Paul.
While the erection Of warehouses, stores
and the better class of residences is being
vigorously carried on-buildings that re-
quire large outlay and return proper
tionately large rents-there is a class of
buildings that have been much neglected
and have now become an absolute necessi-
ty in the city.
DWELLINGS FOR WORKING. .MKN
And people of small salaries, who are un-
able at present to build houses adapted to
their means, houses of from four to eight
rooms, that would readily rent for from
$12 to $35 per month. Lots for this pur-
pose within three or four blocks of the
street cars can be obtained for $780, the
erection of a fve-room house would cost,
say $500, making original outlay in round
numbers $1,000. This would readily rent
for $15 per month, giving 1S per cent. on
the original outlay. Of course Q ipsrson
building six or ten such houses could save
considerably on the price of land and
building.
The crying want is house room. We're
1000 of these houses now bulls and ready
for occupants, we are assured they would
be tenanted before the expiring of ten
days. There are also handsome returns to
be made not only from renting dwelling
houses, but also from selling the sanc fer
cash or time payments. it is the ain Of
the citizens to make st. Paul city of
homes. Healthy, salubrious and pictu1-
esque, it is desirable place, and Will con-
t1nue TO advance and enlarge for many
years-that 1s until the great northwest is
peopIed. There are many causes aeeeler-
ating her ownward, progreasive march; Of
the number the enormous immigration and
the network of railroads radiating with
extending lines all over the continent