St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-12-23

at SO each, which he sold too soon at
$500 per lot instead of 5000 to $4,000,
their present value. But he renvested
in "DaWSOn'S OutlOtS" over the river at
$50 per acre, and again sold too soon,
part at 5000 and part at 81 900 per acre.
and now owns a fine farm In Cottage
Grove and enjoys good rental from his
dwellings and stores on Bedford and
Seventh streets.
VIM. Dawson has gone steadily on in
his banking, meanwhile buying acres
on West Seventh street at $500 per acre,
worth now $4,000 to 5000 per lOt-buy-
ing in West ST. Paul hundreds of lots at
SO to SO each and reselling at $500 to
$1,000 holding part for a further
advance, buying on Third street at $50
per front fOot-nOW worth $1,000 per
front foOt-bCSideS having paid a large
rental meanwhile. and all over and all
around the city with like results
In 1871 Dawson * Smith and Wright
and Wann and Burbank and others
bought and plated what is now Sum
mt Park and Woodland Park at, be-
lieye, $500 and $500 per acre. To-day
the streets of these additions are graded,
severed, aSphalted and in them are
thousands OF beautiful and costly homes,
and single foot of ground in many
per acre.
1t has been but few years since
Dawson sold SigeIs addition to Adam
GOtzian at $50 per acre-a fortune lost
to him and gained to GotZian.
In 1854, the forty acres below Sibley
street-what was once Baptist hill"
and the swamp. sold for $50, SIPS
per acre; now worth millions.
Henry Hale bought the corner of
Third and Jackson and Fourth and
jackson for $4,000, paying $4,000 cash.
The rentals paid the deferred payments
and built the brick blocks Row on the
ground-so that the property now worth
at least 100000 cost him but $4,000.
Other like investments have made him
millionaire.
So, no matter what a mans business
has been, his main profit has been in
the advance in value of real estate.
This is true of Gov. Ramsey; of Knauft.
the merchants; of Capt. Castle, the edi-
tor; of j. l.. Merriam, the contractor
and banker: of Mai. L. L. Wilson, of +.
q. n j. \. Rogers, the attorneys: of
Lowering. the shoe man; of Big
Glow II Flandeau, of James futile,
of Frank Il. Clarke, the railroad man: of
ID. NJ. Robbins. the elevatoH man: of
Mayall and Merrill; Oft the Schurmeiers:
of Elfelt, Irvine, Greve, Edmund and
ii. NJ. Rice. Oppenhcim. p. Il. Kava-
nagh and sam Dawson, and of a large
per cent of all the men of com
peteuce or of wealth in ST. Paul.
Look at James Dillon and Slater e
Riley, blacksmithS; at George Mitsch
and j. II. Schurmcier, wagon makers: AT
Tim Reardon and John Somers, carpen-
tiers; at John Bell. a teamster; at John
kerWin. well digger; at Laucr Bros.
and Tom Grace, stone maSOns-and
scores of other mechanics commencing
poor. now worth their hundreds of thou
sands, owning hotels, fine brick bust
ness blOckS-elegant three-Storv brick
dwellings.
ST. Paul is the city of great opnortu-
nitieS,an these men knew how to seize
and improve them, and are the more
honored for having poor and unaided
achieved such success.
Our citizens have always believed
that st. Paul would be great city; but
they did not know how much that
meant, or each would have tried to Sc
IRE that forty acres below the Mer-
chants hotel for so.
They believed in 1871 that st. Paul
would be great city. but they did not
know what that meant. or they would
have bought "Selby'S cornfeld'' and
Nininger'S farm. and reaped the profits
on Woodland and Summit Parks.
The believed in 1S7S-4-5 that st. Paul
would be great city. but if they had
known what that meant they wonld
have bought West St. Paul flat" lots at
S., $40 and So each. and held till now to
take 5000 to $4,000 each.
In fifteen years l have seen 4 score of
the shrewdeSt business men stand at
public sales and refuse to raise bid of
500 for lot-and let Dan Sullivan take
1t at that-who now refuses $4,000 for
1t. Eight years ago Murphy and Pierce
had each their market gardens ON Rice
street. well out in the suburbs. You
believed st. Paul would be great city.
but if you had known that in
eight years splendid brick bust
ness blocks would encircle these
gardens, you would have uried to buy