St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-28
TALKING OF TRANSIT
And the Effect It Has Upon
the Real Estate Mar
ket.
The Council Committee Was
Wisely Slow in the New
Matter.
About Town Gossip Of the
Situation in City Real
Property.
Sales Of the Week and Talk
That Disclosed the
Feeling.


The past has been quiet business
week. There have been many inquiries
for available lots, but the actual bust
ness done is somewhat small. Realty
holders are awaiting the outcome of tie
projected Increased transport facilities,
and, as indicated last week, little will be
done until something definite is done in
the several schemes formulated before
the public.
to better evidence of the commercial
stability of the city could not be forth
coming than the clamor for street rail
way franchises. The city council is
being inundated with applications, some
of which are backed by the most promi-
nent financial men of the city; and if
the aldermen display reasonable tact
the city will not much longer groan
under the present street railway mo-
nopoly. Now is the time for action.
The citizens. outside of the Fourth and
Seventh street cable lines, are unlVer-
sally disguised by the present hoase car
system and are ciamoring for a quicker
means of transit. There are several local
companies willing to build lines If
the city council will only grant
permission, while Thomas Lowry stands
by and says he will build if the neceS-
Sary solatium in the shape of bonus is
forthcoming. The picture presented
brings up two thoughts. First, the
property holders who subscribe this
bonus are unnecessarily depicting their
own pockets; second, with the almost
unanimous cry Of the citizens, the duty
of the members Of the common council
is to bring in competition in street
transportation.
The streets committee has very wisely
deferred definite action on the granting
of these street railway franchises. 1t is
best to move slowly, and in the disposal
of these privileges 1t is well to see that
the interests of the people are strictly
guarded. There are too many Mr..
Thomas Lowrys abroad. The people
are sickened to death of these monopo-
lies: it is time there was a change. The
deferred action will no doubt be some
what chagrining to the realty dealers,
who are chatting for the opening of the
Midway district and the Reserve TOWN.
ship. But they can afford to wait. Week
after week the inquiry from Eastern
capitalists becomes greater, and
present indications point TO greatly
enhanced values as the fall approaches.
In view of the large amount OF Eastern
capital seeking investment i'll the city,
a marked conservative tendency is
being displayed by property owners.
There are many who hold the opinion
that it does not argue well for the city's
future prosperity that its industrial
and real estate interests should receive
too much initiation from outside sources,
more especially as it possesses in itself
ample financial buoyancy to float its
own interests.
The task of raising the 100000 bonus
for the Selby avenue cable has not met
with complete success. Of the sum re-
quired, $1,000 has been promised, the
deficit being largely due from the
smaller property holders. A vigorous
kick is to be made to bring these de-
ineuents to time. A. r. Bushnell as
serts that no property holder shall shirk
payment. The bonus for the electric
motor lines to Reserve township is in
the same chrySaliS state. sEss
MessrS. Bushnell u Bushnell sold four
lots at Inver Grove for $4,000 and three
at Manchester station for $3.50. They
have also got refusal on a twenty-five
acre tract in Reserve township. Met
calf & McClanahan report sales of four
cable line; lot on Grand avenue. in
Summit Park addition; two lots in Mer-
Ram Park, one in Manchester Park and
house and lot in Union Park. Tney
are negotiating the sale of vacant prop
eFty on Summit avenue, upon which
valuable Improvements will be placed.
The transfers for the week included:
j. W. Garcelon to II. j. Young. lots 5
and 6, Prospect Hill, $4,000; f. f. Davis
to F. q. James, part Syndicate addition,
1900; W. H. Sanborn to p. Berkey,
lots in Terrace Park and Midway, sic, 900;
NJ. Il. Emery to E. 2. Wilgus, lots in
Deans addition, $4,000. There were
also the following important building
permits: NJ. ID. Mum, two-stOry frame
dwelling, Goodrich, near Pleasant,
dwelling, Goodrich, near Pleasant,
$1,000; George Brothers, two-story
frame dwelling, Portland, near
Grotto, $1,000; W. H. Clark, two-story
frame dwelling. Thomas, near Albert,
$4,000; W. II. Fox, two-story frame
dwelling, Thomas, near Albert, $1,000;
w. ID. Schiffman, two-story frame
dwelling, Conway, near Earl, $1,000; II.
r. Morrison, tWo-Story frame dwelling.
Wynn, near Hascall, $1,000; Christian
E. POpp, two-story frame dwelling,
Portland, near Kent, 5000; Mrs. NJ,
Winkers, two-Story frame dwelling
Burns, near Earl, $1,000; n. r.
Frost, three-story brick stores,
Selby, near Arundel, $4,000.
Mary Peterson, two-story frame dwell
ing, Grove, near Broadway, $1,000; j. J.
Watson, three-story brick stores, st.
Peter, near Tilton, $4,000; Charles L.
Haas, two-story frame dwelling, George;
near WaSpPa S1S0O0.
Col. Kiefer will plat tract of land
Just beyond the East Seventh street
cable terminus, and at once place the
lots on the market.
There is quite fight between the st.
Paul Park Improvement company and
the North st. Paul association for the
Wage-earners' colony.