St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-02-12
REAL ESTATE TALK.

AS the Ides of March approaches, the
smile of our real estate men grows
longer and more expansive. They
scent the vernal spring from afar, and
prOphesy the advent of the early worm.
Meanwhile they moralize. Many of
them say that a few mUsSbackS are
retardmg the growth of the city by re-
fuSing to sell their property or improve
it; that now wholesale firms are knock
ing at our doors and find cool re-
ceptiOn; various manufacturing indus
tries want to become identified with the
wonderful growth of Minneapolis, but
are held back by few old mOldy chest
nuts who haVd OutgrOWn their useful
ness and care not for anybody else.
This latter class of course are
few, but yet their actions have their
weight with investors. Said one prom
inent real estate man yesterday, in talk
ing over the present condition of things:
why, there is one man in this city
who, by sheer luck, became wealthy,
and owns to-day large tract of land in
a lot or improve one if he was guaranteed
an annual rental equal to 20 per cent of
his investment"
Reliable inquiries, however, are be-
ing daily received by all our agencies,
with Instructions to buy at certain valu-
atiOnS. The architects are nearly all
busy drawing plans for various build
ingS, some of which are quite extern
sive, although the draughtsmen are eX-
ceedingly secretive as to just what the
more important editiceS are to be OF
where located.
Fourth. Fifth and Sixth streets are
~ Iuif If
fine structures, while private residences
are going up by the score in the direction
of LOwery's hill and the lakes. The
completion of the new pOstOffice is such
a problomatical question that contem-
plated Improvements adjacent to it's
location have been laid aside for the
present.
The building outlook is best judged
from the fact that in January this year
there were $2S0,000 more permits than
in January, 1887.
The submitting of plans for the new
court house, the 10Th. is creating no
little stir among both inside and outside
architects.
A new Scandinavian bank, with large
capital and practical men, is one of the
certain possibilities in the spring, and
it must find suitable quarters.
y
A GLOBE scribe accidentally picked
up in one OF the real estate offices yes
terday, the following ELUSIVE production
from Los Angeles, Cal: "JuSt suppose
for an instant that any one of the states
East, Missouri, Ohio, or Minnesota,
could have the perfect climate of this
region the year through, its sunshine
and roses, oranges and lemons. its
eli f,,l
nights
"The payments falling due in NOvem-
Der and December in the three counties
of Los Angeles, San Diego and San Ber-
nardino, foot up about $15, 000,6O0, while
in our banks now is $20,000,0OO, and
bankers as well as real estate men say
that it is simply wonderful the prompt
ness with which payments are made. In
many cases the cash is turned over be-
fore it is DUE"
Now see what j. M. Bartlett, one of
our most conservative citizens, writes
under recent date from the same place:
"We have had two nice days this past
week and are living among oranges and
flowers, and still are not happy or con-
tented. The sun is fearfully hot from
10 a. IN. to 8 p. H., and if one is caught
out riding without heavy overcoat
after in the afternoon, he takes great
chances Of taking severe cold. The
cold chill strikes the country on the
incest days. AS soon as 4 p. m. and
after no one has any business out of
doors, and fire is necessary from that
time until in the morning as much as
in Minneapolis. Feeling chilly sitting
in the shade, at noon l took my chair
out in the sun, and while my side next
the sun was burning the shady side
was chilly. do not like this climate
and do not believe it is any place for
one in need of uniform climate. If
one can not provide themselves home
here, with Minnesota comforts, they are
far better off in their nice warm houses
| at home.
There are hundreds of parties who
have paid one-third cash, and now as
the next payment of third comes due
are dropping their holdings, preferring
to lose what they have paid than to put
more money in"
Mr.. Bartlett went to California for the
direct purpose of seeing for himself just
| what truth there was in the stories of
perpetual sunshine and blooming
| roses" with a mind unbiased, and
agreed to write back his impressions
without eXaggeratiOn or color. And
there are many others who have re-
turned from other sections of the Golden
state who cOrrObOrate the truth of what