St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-12-15
lSITTHE OPERA HOUSE
The English Syndicate Story
of a Deal Is All
Nonsense.
Local Capital Bought the
Sixth Street Business
Property,
And the Rumor Goes That It's
For the metropolitan
Opera House.
The Local Market Has Good
Tone--Notes Of Sales
and Gossip.

The statement in morning paper that
large deal has just been closed whereby an
English syndicate secures possession of some
% the most valuable busin S property IN
ST. Paul. is purely imaginary. There IS not,
nor has there been, any attempt on the part
OF English capitalists TO combine TO buy up
available business lots in the city. The sale
OF 100 feet on the south side of Sixth street.
between Minnesota and Robert, is quite
true but the parties Interested deny that
there is a cent of Eneli>h capital in the deal
of the property Sold, seventy-fve feet was
owned bv local syndicate composed OF
Joseph Mickey, W. u. Cornish, W. Rhodes,
Y. NJ. Bushnell. Ed Simonton. A. Muir, j.
Scrkey and ". II. Sanborn. The remaining
uveuly-fve feet was owned by George s.
Heron The price paid for the property is
$4,000. or $3.50 per foot. and of this the
Mickey syndicate get S64, 500 and Mr.. Heron
81 900. The figures contained IN con-
Temporary are altogether erroneous.
3
The purchasers of this valuable piece Of
iiopeTty are represented by MesSrs. smith
x TAYLOR, but / mysterious veil OF secrecy IS
thrown over their ioenity. Mr.. Taylor de-
Cijned 10 give their names. He, however.
strenUouSly denied that there was any Eng
Ii>h capital in the deal such storle>, he
added, ''are absurd and only give feveriSh
Tendency to The market. Holders OF prop
crty are led to believe that there is pile of
fOUUign capital in the city, and prices SuHen
10 prepaSterous figure. am as anxious as
anybody 10 see property sell Al its legitimate
value, but these silly, sensational stories
make me feel SICK. MIR. Taylor remarked
that information would Ue given the public
IL q few days.
Considerable curiosity was evineed among
real estate men as to " no were the purchasers
of this property and what their intention
was Is 70 lis Improvement. 1t transpiTed
during the day that the purchasers were local
men. ana it was auIhOriaIiYely given out
that MessrS. kAlman d Oppenhelm knew
more abouti it than they affected TO know
My. halnlan was out OF the city. and Mr..
opPeuheim gave it out fiat that he did not
Know anything about the purchase OF the
property in fact he went so far as 10 even
question the report of the sale. But little
bird gives il out on the quiet, if MeSsrs. Kali
man X 0ppenheim as ert ignorance OF the
purchase of this identical piece of property.
HAT the St Paul Metropolitan Opera House
company is deeply interested in it. and
Messrs. Kalman & Oppenheim cannot deny
the existence OF such corporation.
The story of the Metropolitan Opera house
being connected with this piece of Sixth
street property is very feasible. 1t comes
Sfom the lips of prominent real estate man
and one who was pecuniarIly interested IN
Vhc deal. The Metropolitan Opera House
company, he said. is not particularly well
satisfied with the proposed site of the new
theater st the corner of Eighth and Mime
sota-8t least l Understand SO. The stock
holders have been looking out for another
site-i1deed, am not quite certain whether
they ever really intended to locate the thea
ter at the corner of EIGHTH and Minnesota
'Fbat WAS simply blind 10 ena lie the CON-
panv to lock around for a more centrally To-
Gated ste and secure ii at reasonable hg-
ure. The property at the corner of Eighth
and Mime sofa was practically owned by
NeSsrS Kalman and 0ppenheim; 1t was
simply pooling of interests that took place
"A means to an end. You have the end now
-at1cast l should be very much surprised if
what say tuInS out TO be untrue. an
GeH inside the track
Such a story is far more likely to be within
The boundary Of Irnth than the wild chi
2ieTas OF a morning contemporary. II is
SinoSt universally conceded that Iheater
located ct the corner CT Eighth and MinDe-
<ola would be huge mistake Messrs- Kali
Jnau & 0ppenheim should know this; that
= IL they ever really intended 10 locate the
theater at such a point which is extremely
doubtful. 1t is most awkward situation.
and particularly for the Hill people, who
make up so large a proportion Of the theater-
goeTs. The convenience Of this large ele-
ment must be considered. and in this con-
uCctioa transport facilities are paramount
\ thc5tef on Eighth and Minnesota is four
blocks away from the Selby avenue cable.
But what do we find in regard to the alleged
sixth street site2 1t is in the very heart OF
rhe city's street transportation, as will
be readily seen from the following diagram: