St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-25

St. Paul. His desire to help build up the
West side has not only been, to great
extent, gratiied. but he has at the same
time developed the extensive business of
his firm, which bought and sold West side
property during the year 1885 to the
amount of 1.600, 600.
The remarkable success of this operator
lies in his full knowledge of some i'm
portant improvement about to be made by
himself or others upon the property in
which he invests. Upon his early pur-
chases of large tracts in West st. Paul
were erected many small homes by the
West Side Land and Cottage company, of
which he was the manager. He made
excellent selections, the neat, new homes
rented and sold rapidly, and che fortunate
holders of stock in his company ioyously
jingled their dollars within period of two
years, for their total of $1,000 put in had
increased to $50. 600. the par value OF the
entire amount at which the company was
capitalized. The gentleman to whom
reference is made above is
PAUL MARTIN, PRESIDENT
and general manager of the Capital City
Real Estate and improvement company,
which, with an investment of $50. 900, has
increased to a wealth of $500. 600 in little
more than year. One of his recent nota-
BILE purchases included the property now
known as Paul Martins addition to West
st. Paul. Cid real estate dealers of the
city erred when they considered some OF his
purchases worthless. In this instance the
tract included swamp on one side of the
Minnesota & Northwestern railroad, and on
the other side hill ITO feet high. He
built trestle. laid movable track, dug
down the hill to fill up the swamp. and
made this one of the most desirable loca-
tons on Concord street. favOrite West st.
Paul business thoroughfare. Upon this
tract he has secured the location of large
and well known concern-the st. Paul Bar
rel company. Mr.. Martin has just pur-
chased another large tract adjoining the
above. This he will improve in the same
manner, in carrying out his plan of devel-
oplng the entire property as great manu-
featuring district. In fact, he already has
under way negotiations to that effect with
important manufacturing concerns. His
operations in the erection of fine business
blocks also give ample evidence of his keen
foresight.
That Paul Martin made much of his
money by installments must be admitted,
for he has sold more homes upon the in
stallment plan than any other citizen of st.
Paul, and there are few, if any, among
those purchasers that find fault with his
methods, which are fair and liberal
to both high and low. On
those who have had difficulty in
paying installments he has never foreclosed
mortgage and in selling back his custom
ers speak highly of the profits they have re-
ceived upon the amounts they had paid
him.
This leading operator of West st. Paul is
only 80 years of age He arrived here from
his native city, Milwaukee, Wis, in 1878
and worked at his trade of lithographing
for considerable time in this city at $40
per week. He opened the Pioneer Real Es-
tate Office on Dakota avenue, West st.
Paul, in 1881 and now enjoys the cOmmo-
dious office of Paul Martin & Co., corner
Dakota and Fairfield avenues.