St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1885-11-22
ST. PAUL REAL ESTATE.
Notwithstanding it is Very Late in the
Fall Transactions in Real Els
tate are Large
And Show no Signs Of Becoming Any Less
in Amount; on the Contrary There
is an Increase.
Am Unusually Large Amount of
Money Here From the East for
Investment.
West ST. Paul Property Still Holding
Up to Top Figures--Progressa at
Midway.
The Review.

-
Transactions in real estate this fall lndl-
cate very unusual disposition on the part
of purchasers to secure property. IL Is now
close upon December and yet there seems
to be no serious abatement IN the inquiry
for eligible property. So far as can be OBJ
served there is Just as much desire to buy
now as there has been any time during the
season. The real estate offices are daily
filed with people with money to invest,
and there seems to be really rather more OF
it this fall that is ready to be put into this
kind of property than there has been during
the summer, The confidence in real estate
investments in st. Paul has been very
largely increased during the summer. and
all who have visited this city have evidently
returned to their homes in the South and
East with very favorable reports in regard
to the growth, solidity and general perma-
nent prosperity of ST. Paul. The evidence
of this comes back to us in various ways,
but principally through the very persons
who on former visits here, have seen the
strength, solidity and general prosperity OF
the town, and who went back East, secured
money and returned to st. Paul to invest 1t.
or those who. having seen the greatness OF
this mighty West, have gone back East or
South to settle up their affairs and returned
citizens in the general business of the
Northwest The remarkably rapid prog
ress St. Paul is making in all branches of
trade and business in which she is engaged,
the fact that every days progress serves to
add another and stronger demonstration of
her greatness and permanent success
as one of the prominent cities of
the nation, and, in brief. the I'M
Eistakable accumulation at this point, OF
all the elements of municipal prosperity
and financial and business success seems to
impress all strangers as soon as they make
their appearance in our midst. To such no
argument is needed to induce them to invest
their money.
THE MIDWAY DISTRICT.
This famous and marvelously rapidly
growing part of st. Paul is a wonder to all.
Yet when one begins to consider all the ele-
ments its great prosperity and rapid growth
seems to be one of the simplest and most
natural results of natural causes that could
be conceived of. Here are two very large
cities, both increasing in wealth, population
and general business more rapidly than any
other cities of the same size in the United
States. Land inside both cities, that is,
near the centers of each is becoming too
valuable for people generally to live upon.
The consequence is that the poorer classes
of people and those of medium means are
compelled to go out further from the center
of the city, and as business Increases and
broadens its area others are crowded out
farther. Hundreds of poor people, police
men, teamSterS and labOrerS years ago went
across the river to West st. Paul, where they
then secured lots for $50 apiece because they
could get them cheap, and at the same time
be near enough to the business center to
walk to their places for work in the morning
and back home at night. That was when one
could hardly give away those lots over there
in the fiat. How is it to-day? The Min
nesota & Northwestern railroad made its
appearance, West st. Paul was wonderfully
prosperous, and now those $50 lots upon
which these poor people have erected cheap
houses for their homes have come to be
worth from S., 900 to $40, 900 or SIS, 900.
What are they to do? The property is too
valuable for them to hold as residence prop
erty. The result is that they must sell and
20 further back. A good many young men
have gone into business and invested nearly
d. quite all their money in their business.
They are compelled to live cheaply and
moderately. They must go out They
cannot afford to keep horse and buggy
and they cannot walk over onto Dayton'S
bluff nor three or four miles in any direc-
ton. What is to be done? The question
Is easily answered. On the south side of
the city runs the short line of the Milwau-
kee road and on the north the short line OF
the Manitoba road. On both these lines
all can be accommodated. Merriam. Union
and ST. Anthony parks are but the begin
ming. At various points all along the lines
of these two roads cheap homes can be OBJ
tanned. to which any business man in the
city can go and come to and from dinner
quicker and more comfortable than he can
go and come to and from his home on Dale,
Mackuhin and other points equally distant
from Bridge square. Men who have bust
ness in st. Paul go to their dinner in Mer-
RAM Park and return in one hour and ten
minutes, and with more comfort and ease
than they could one-fifth part of the dis
lance in any other part of the city. 1t is
these suburban places that are helping to
fill up the space between the two cities.
Hamline, Como villas and st. Anthony
Park are strung along on the ST.
Paul & Manitoba road on the north. Nat
urally the population OF both cities flow out
into these suburban places, primarily be-
cause lots can be bought there for three or
four hundred dollars. and generally. because
living there is cheaper than it is in the city.
These suburban retreats are now just be-
ginning, but will in the future years rapidly
increase the population between the two
cities. This will naturally increase bust
ness all through this stretch of territory
The increase of business at the transfer, at
Hamline, the construction of the st. Paul
and Northern Pacific shops, and the general
growing trade of that whole region shows
just what may be expected, and to some de-
gree points out the reason why this, which
is known as the Midway district, has grown
so rapidly and is destined to exert such an
important influence upon the future. 1t is
the most natural thing in the world for it
to grow. 1t cannot avoid growing,
WEST ST. PAUL.
1t has broken out again in West ST. Paul
1t mnst be admitted that West st. Paul is
one of the most sensitive points in the uni
verse. 1t is reported that certain parties
over there have measured and labeled every
thimbleful of real estate over there, and
that not thimbeful can be sold without
agitating every other thimbleful in that 10
cality. If piece of property is sold over
in the Sixth ward the information runs
through the community with great rapidity,
and everybody is on the alert to know what
else has been sold, who bought it and what
it was sold for, and then each man
gives an unnatural and cOnvulsive
clutch to his real estate, and looks
around furtively to see if some fellow is not
coming to offer him about five times what
his property is worth. There was quite
little furry yesterday about a sale in West
ST. Paul. This sale was not very large
one, amounting to a little over $50, 900,
still it set everybody to specializing as to
whether the sale was made for one purpose
or another, and whether there was to be
any more of it. 1t is fact that a sale of a
number of lots amounting in the aggregate
to the above amount was made. but the
,,n1.tiaS that sold and thnSn to whom, tho