St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-04
SUNSHINE OF HOPE.
Realty Dealers Report a Con-
sentative Business During
the Past Week,
But There Is a Time Coming
When Money will Flow
Like Water.
The Housing Of Working Peo-
pie Is Said to Be Abom-
Unable.
A Loud Cry for More Cottage
Property and Lower
Rents.

The real estate dealers are just now
doing very conservative business.
There are plenty of inquiries, the East
ern mail continues very heavy, but
there Will be no extensive sales until
the fall.
The outlook is, indeed, very reasSur-
ing. A glowing harvest is now an ac-
knowledged fact. The gloomy fore
bodings Of three months ago have been
dispeled By the glorious sunshine of
hope, and latest adVlces demon
strate that throughout the North
west there will be such harvest
as has not been experienced within the
past decade. In other words, the cloud
of depression has been raised: we are
on the eve of mighty wave of prosper
ity which is going to make itself felt,
not only in the United States, but IN
MANY countries IN Western Europe. AS
the emporium of an almost boundless
territory, the Twin Cities will reap a
large slice of this general prosperity.
and to enlarge upon the possibilities OF
the next three months would be dan
gerous task. There is no gauging the
limit which trade may take. The re-
vival is certain to be general. 1t
is an admitted fact that with the
agricultural interest at low ebb, all
eXtraneOus trades will anguish; but
prosperity among the farmers is the
synonym for increased trade for all.
There is All impetus even to commerce,
which h, with an octopuS-like grasp,
seiZes hold of everything and raises it
into the general realm of prosperity. 1t
is seven years since there has been any
thing like an adequate wheat crop.
Farmers have been hanging on year
after year: their farm buildings have
been reduced to almost decay in the
penury which has devastated their pro
fession. Now all this is at an end.
With the imp 'ements that will have
TO be made, the repleniShment OF stock,
and the natural hundred and one
means for expanding "a pile of money
it will be readily cOnjectured what a
transformation may be expected III
trade within the next twelve months.
There are no changes in the projected
schemes for street tranSl citation in st.
Paul. 1t is very questionable whether
any work can be done this year-at all
events on the Selby line cable eXten-
sion. Bishop Ireland and Mr.. Cochran
anticipate they will see work COM
menced on the electric motor line to
Reserve township. There area many
other street railway schemes being
mOUted, but it is doubtful whether
they will emerge out of their present
SSbulOuS condition.
The eagerness which property own
SIS are displaying to secure the location
IF the labor colony is very significant,
and there arises this thought: Why dc
not some of the gentlemen build col
ony of workingmen's cottages? There
is very wide field in this direction,
especially if adequate transportation
can be afforded and reasonable rent
charged. The rent for cottage property
is abnormally large. If these prices
could be brought down, it is safe to
say that $1,000 more cottages would
be required in the city. The housing
OF the working classes is abOminable.
Two, sometimes three, families are
housed-ay, huddled-under one roof.
They are forced to do this by the eX-
Orbitant rents charged for houses.
There are too many residences at a rent
of from S25 to $50 per month. A few
thousand houses are required at S12 to
S15 per month. Such houses would be
eagerly taken up and are certain to
prove safe Investment.
When will investors see the utility of
such scheme as this? The field is a
wide one; it is growing daily. There
are hundreds of families daily locating
i'll the city. They have to be housed,
and at present squat themselves in all
possible rookefies that can be found. A
great boom would be given TO the build
ing trade by the erection of these cot
tages. There are not openings every
day for the erection of ten-story blocks
they are not in such great demand; but
these small cottages-there is always a
call for them, They never turn uI
wrong. This is manifest by the eager
ness which has been displayed in the
formation of the Wage-Earners' Co
operative association. The success OF
the scheme promulgated by that asso
citation will, perhaps, be the means OF
demonstrating the necessity for 6
greater number of cottage buildings.