St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-07-07
LAND NOW IN DEMAND
Wherever Transit Facilities
Promise to Open it
Out.
The Sehemers Busily Engaged
in the Raising Of the
BoomS.
Dayton's Bluff Coming Into
Market as a Result OF the
Cable.
A Big Scheme to Cover Rail-
road Tracks in One Big
Tunnel.


tate. TThe market, which had long been
in a state of semi-torpidity, has been
stimulated by the almost assured pros
pect of the opening poi large stretches
of hitherto inaccessible land, much OF
which is the finest in point of beauty OF
location within many miles of st. Paul.
Spectators and prospective builders
foresee that if these districts are opened
up. great rise in the value OF lots
must necessarily take place. There is
still some doubt about the proposed
improvements going through. and
until something absolutely definite
is done there cannot be very
marked increasea in the sales;
but the inquiry has become very lively
from men DESTROYS of getting In on the
ground floor, and making purchases as
soon as the new transit facilities are alb
solutely assured. That they will be is
now almost certain, depending almost
entirely on the action of the city coun-
Gil. Very strenuous efforts are being
made to insure the passage of the 0rdl-
nances necessary to granting the fran
chise. There Is certain to be 0Dp0Sl-
ton, however, from some quarters, but
the ultimate passage is regarded as al
most certain. The projectors OF the
cable line extension have been working
hard, devoting almost all Of their time
10 raising the bonus. Less than one
third of this now
REMAINS TO BE SUBSCRIBED,
and as this part of 1t is all to be raised
in small amounts more difficulty will be
found in getting it all in than in getting
in the twO-thirds already subscribed.
Some of those who own only small
piece Of property are apparently hold
ing off in the hope that the bonus Will
be all raised without their assistance.
These men should remember that the
subscriptions of the large property own
are all in now, and the success or failure
of the scheme is solely dependent upon
the way in which the small amounts
come in. No man who wants to see
the project a success can afford to with
hold his subscription, as without 1t the
total amount can never be raised. The
building of the line must affect the
price of property most materially;
therefore, every man who owns single
lot will be directly benefited by chip
ping in the small amount required Ofhlm.
The projectors OF the electric car scheme
are now waiting for developments.
They have proposition from the
cable car men to strike dividing line
at Summit avenue, so as to avoid assess
ing any property for both bonuses. The
only thing which has prevented their
immediate acceptance of this proposal
was the absence of Archbishop Ireland
from the city. He is one OF the men
most heavily interefted in the project,
wanting transportation in order to de-
Velop the vast property of the Catholic
church situated at the end of the pro-
posed lines. In consequence OF this.
delay was necessary until his return.
This delay has not mattered much, as
nothing could have been done until the
city council had taken action on the
franchise. The archbishop was expect
ed home yesterday, and no doubt to-
morrow will see the proposal accepted,
as it looks fair on the face of it. The
electric line men are rather holding
back until the cable men have raised all
of their bonus. so as to avoid having
two similar schemes on foot at the same
time.
DAYTON'S BLUFF
has become a most desirable locality
since the completion of the East Sew
enth street cable line. This is a part of
the city scarcely known to many, and
regarded by those who know nothing of
it as an undesirable place to live. The
price of property has averaged about
One-third of that of property on st. An
thOny hill, the latter having the great
advantage of cable line. But for resi-
dence purposes Dayton'S bluff is fully
equal, and in some respects superior,
to the West end. Many magnificent
houses are located there, and now that
it has been made as accessible
to the business center as st. Anthony
hill, there is no wonder the many peo-
pie DESTROYS of building are looking out
for lots there. The price of lots is a
great inducement, and the opening of
Lincoln and Indian Mound Parks will
supply two delightful breathing places.
Many real estate agents report the
most active inquiry for Dayton's Bluff
property, almost of all of which comes
from men who will build at once. This
sort of thingiS the inevitable result of
extension of rapid transit facilities.
The amount and number of real estate
transfers and building permits show a
very satisfactory increase over previ-
Gus weeks, which is most reaSSuring
indication of the lively times to be eX-
pected during the summer. Several
permits were issued for fine buildings,
the largest being the new Noyes Bros. &
Cutler block at Sibley and Sixth streets.
This part of town. only a few years
ago the side of a steep hill, is now be-
coming iilled up with wholesale bust
ness blocks of the very finest order.
They are gradually extending further
north, and the bridging Of the railway
tracks in two more places will tend to
allow them to spread east as we'll.
Every street between Third and West
minister should cross the tracks, and it
would be fine thing for that part of
the city if they could be entirely bridged
by
ONE VAST TUNNEL,
extending the whole distance, over
which brick blocks could be built.
There is a suggestion for the railroad
III IL. i