St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-30
IN REALTY CIRCLES.
How the Location OF Parks
and Boulevards Can Ben
eft the Whole City.
Capitalists and Business Men
Cannot Afford to Stop the
Issuance of Bonds.
Eastern Money Continues to
Be Poured Into Salable
Midway Blocks,
While the West Side Begins
to Loom Up for a Boom
in Lots.

The keen interest now being dis
played in city affairs by the chamber of
commerce is certain 10 be productive of
considerable good. ii. s. Fairchild was
quite outspoken last Monday in his de-
nunciation of the purchase of parks,
some of which, he said, were being I'M
loaded upon the city by real estate
syndicateS. If the city generally is to
be benefited by its system of parks and
boulevardS. it is very desirable
that these private deals should be
frustrated. There is no absolute need
for one section of the city being bene-
fitted al the expense of another. But
while the chamber is to be commended
for its action in this direction, the
course taken regarding the nOn-iSsuance
of bonds Is questionable. No city can
afford to stand still, least of all city like
st. Paul. If St. Paul is to be kept TO the
front among the progressive cities of
the Northwest its governing officials
must not be restricted by parSimOni-
GUS policy. There is nothing TO be
gained by such policy; on the other
hand there is much to lose.
Inquiries are repeatedly made respect
ing the Randolph street electric line.
What is being done in regard to it? The
bonus required from the owners of the
abutting property has been raised, and
what is now required is that Mr.. Lowry
should at once proceed with the laying
of the line. From well-informed real
estate man the information is CLEANED
that the Randolph electric line will be
in operation next spring; that all the
material is on hand, or has been con-
tracted for, and when once q gang of
men are put upon the work the line
will quickly be completed.
By next summer three electric lines
and one cable will be operating within
the Midway district The University
avenue line will be connecting the Twin
Cities, and the Grand avenue and Ran
dolph street lines and Selby avenue
cable, opening up valuable property for
residential purposes. Great as has been
the business done in this district the
past summer. 1t will aSSuredly be sur
passed next season. Investors and cap
ItaliStS are already on to this fact, as
is shown by the eagerness with which
large blocks of Midway property are
being Bought up. A vast amount of
Eastern capital has been put into this
pIOpCllS. anu d lGM lnO1ODS VIII Sc6
big rise in values.
Next to Midway, property on the West
siue 10 receiving most attention. The
two electric lines to be opened in a few
weeks are going to give the West side
the impetus which itthas long needed.
There are some very desirable resi-
Dental lots, and with adequate and easy
facilities for communicating with the
business portion of the city more and
more attent on will be paid this section.
in addition there is every probability
that several large factories will shortly
be erected on the flats with railroad
track facilities unequaled in the city.
The st. Paul City Railway company secured
from T. Cochran Jr.. lots and y block 81,
81. Paul Proper, for 100000. L.
Il. Hoyt purchased u lot in Fendrickson's
addition for $500.
W. L. Hart obtained eighty feet in Butter
field Syndicate Addition No. for S4. 500.
George Benz has taken out a permit to
make alteration in brick building on Robert
street. near Fourth, estimated to cost So, 900
j. Tracy becomes the owner of a lot in Mil
toms addition for SIS, 300
W. D. E. Anderson purchased lot in Bass
& Bohrer's addition for 800.
Eugene j. DAILY Will build $4,000 two
story frame building On Iglehart near Vic
toria.