St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-11-16
iERE is The CHANCE.
ne Opportunity Of a Life
time to Secure a
Home.
terms So Easy They Can Be
Met With Ease and
Certainty.
Che Benefieent Plan Which
the Minneapolis Realty
Company Offers.
Outline Of the Scheme and
Some Illustrations as to
It's Workings.

fairly frugal habits and having steady
employment need complain that the OPP
pOrtunity for HIM to become the pos
SCISSOR of a home is denied him. The
Minneapolis Realty company, one of the
strongest organizations financially in the
Northwest, having a cash capital of
e5OO,0OO and S3,OO0.OOO in property, and
composed of men whose regulations for
fair dealing and uprightness are be-
yOnd question, has just placed
upon the market large number of fine
~ located building lots, all lying within
Thirty-fourth street, and none further
than four blocks from an electric street
ear line, which are offered upon terms
of such easy payment and obvious fair
ness to the purchaser as to make the
opportunity thus presented to those in
moderate circumstance one which
Should Not BE Neglected.
An agreement is entered into between
the company and the investor which
calls for monthly payment on the part
of the latter, and he becomes owner of
the lot UPON the first months payment.
This monthly payment amounts to per
cent of the cost of the lot. The COM
pany has a large list of property 10
select from. The scheme may be illus
trated by taking lot valued at
el,5U0. The monthly payments would be
SIS at the per cent rate. Instead of
paying a large sum down, as is usual in
time payments, only the SIS would
be asked for, and contract for deed
would accompany the receipt of this
money. and also pass book. in which
payments would be credited in proper
ledger form. At the end of each year
interest on the purchase price, or the
balance thereof from time to time
unpaid. shall be computed at the rate
of 6 per cent per annum, and such
interest shall be deducted from the
total amount of the payments made dur
Ing the preceding year, and the bal
ance of such payments shall be de-
Quoted from the purchase price, or the
sum remaining due, until the payments
made by the investor shall equal the
whole of the principal sum remaining
unpaid. Ii the investor chooses he can
pay larger amount per month than l
per cent, and when he has paid
one-half the price of the lot a
warranty deed is given. the balance
being paid IN five years at 6 per cent.
The investor is to pay the taxes accru-
Ing on the property. and is also to have
the benefit of any increase in value.
He also has the right to sell the lot at
tract, he taking all the profit. The
Realty company has both vacant lots
and finished residences, which are
offered upon these termS-by which a
purchaser of a lot and house, already
built, will become the owner of the
property within eleven years by max
ing monthly payments no larger than
the rent he would ordinarily pay, while
The Increase in Value
of the property will doubtless more than
equal the payments made.
There is not the slightest question as
to the standing of the Realty company,
or its capability to carry out all its
agreements. Its officers are William S.
Streeter, president; Louis F. Menage,
first vice president; Charles Robinson,
second vice president; Josiah b.
Crooker, secretary; Frank r. Chase.
treasurer. These gentlemen are ali
prominently identified with the Guar
antv Loan company, which can thus be
said to be the parent of the Realty com
pany.
Some illustrations.
L. F. Menage has sold quite a consid-
cradle amount of property upon the
plan outlined above for several years,
and the beneficial results to purchasers
are illustrated by the following ex-
amples:
Lot Is, block 2, Bloomington Avenue addi-
ton. was sold May Z, 1882, to Andrew Bolin
for $3.50, which sum would now amount at
6 per cent interest," 10 S23S. ST. Present value
of the lot, $500; a profit of over 100 per
cent after allowing q per cent for the use of
the money.
Lot 10, block 4, Crim's addition, was sold
May z, 1881, to a. r. Archibald for $3.50.
At per cent this would amount to S7S3.U6.
Present value of the lot, $4,000; a
profit above interest of more than $50 per
cent.
Lot 1, block l, Motor Line addition, was
sold Feb. "a, 1852, to Joseph Bosworth for
$500. At per cent interest this would now
amount to S996.95. Present value of the
lot, S4.00U. Over 400 per cent profit above
interest.
Lot l, block l. Pitman's subdivision, was
sold March 4, 1882, to W. G. Deyol for $3.50,
which at per cent interest would now
amount to S59S. 81 Present value of the
lot, 81 800. Over 800 per cent profit above
interest.
Lots Is and IA, subdivision of block Is, j.
G. Lemons outlets, was sold Feb. %, 1882,
to A. j. Warner for $40 which would now
amount at per cent, to $3.50. 30. Present
value, 81, 900. Almost 45U per cent profit
above interest
Lots L, 2, II and II, block g, Calhoun
Park, were sold Jan. 8, 1883, to Harrison
Blake for So 400, which amount would now
be, at = per cent, So, S0l. Ia Present value
of the property, $4,000. Over $40 per cent
profit above interest.