St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-04-19

NieH IL Iney WOULD stop ana look the
| difficulty square in the face (after hav-
| ing compared our situation as a city
| with others they would be very thank
! full that their interests were identified
with and their lot cast in SO pleasant
| and so solid and substantial a place as
! st, Paul, for we are told by every person
! of experience who has Travelled over
the United States during the past year
| that there are no localities or cities that
| are in a healthier condition than our
own.
This city, located as it is at the very
| gateway of the great, golden Northwest,
is the
Wonder and Admiration
of every tourist or traveller who visits
US on his tour around the world. The
! cheapneSS and deSirability of our real
estate is commented upon by every
visitor. and large percentage of them
are ready and willing 10 make pur-
chaSeS after looking over our magnifi-
| cent location and our great capabilities.
but just as soon as they begin to mingle
and cOmmingle with our citizens, they
find this spirit of fault-fnding before re-
ferred to, and are thus undecided as to
! whether they desire to invest or not,
and in ninety-ive times out of every hun
|
the doubt, and fail to make the invest
ment.
Now, if our citizens had Just cause for
feeling blue in regard to our condition
| as city, 1t would be perfectly proper
for them to advise their relatives, friends
and acquaintance not to make any in
veStments here; but there is no cause
In the world why any one should feel
| dissatisfied with our condition as city,
or as state. TO be sure, there has been
| no great activity in real estate here dur
ing the past three or four years, but that
is not the fault of the city. The tribu-
tary country has not had the crops to
| market that would warrant great activ-
lty in this, their financial and CONNER
cial center, and we have simply been
Dlalng our time ana taking our stand
side by side with the interests of the
| great empire which we supply. and
J which PourS its products into our chan
| nelS OF trade to be passed Oh and over
to the consumer.
we have had one good crop i'll Mime
sofa, that of last year, and good price
were realized; and our prospect for a
large acreage of crops during 1891 is
better than ii has been for any year dur
ing the past five. Agricultural reports
the world over show that grain and
breadStutfS in all countries. in sight,
and crop prospects i'll other coun-
tries, are very poor, SO that with
an ordinary, average crop through
out the six OF seven Northwestern states
tributary to US, for which good round
prices may reasonably be expected, we
can look for the greatest activity in
commercial and industrial development
that has ever been seen here, and this
activity and development in these lines
is simply the handmade OF associate of
the activity and development in our
city'S growth; and development means
demand for real estate, demand for bus
mess property, demand for homes, and
demand for both improved and unin-
proved property for investment.
The Situation in the East
is very peculiar one at the present
time. There is an immense volume of
money on hand in the various savings
banks and trust companies of the East
that is lying idle waiting for invest
ment. Some of it, to be sure, is draw
ing Il low rate of iDterest-from 215 to 4
per cent-but the greater part of it is
subject to check at all times, any time
when favorable investments can be
found.
Now, if our citizens would speak well
printed matter showing the exact truth
in reference 10 our situation, send it
out willingly and gladly and cheerfully
and plentlfully. taking pains to write
their friends, speaking of our beautiful
city and its many advantages in every
way, we should IN three months time
have a great deal of this idle capital
poured into our midst for investment in
real estate, in Industrial enterprises, in
store building, in homes and in business
enterprises, all of which investments, if
made in careful and conservative
manner, would yield very satisfactory
return of profit or income on the invest
ment.
The foolish. and | might say suicidal,
legislation that has been reSorted to in
Kansas and Nebraska, has so startled
the Eastern Investor that he has become
more OF less fearful of all Western in
veStmeDts. The great hue and cry in
our own legislature from some members
who would have served their country bet
ter at home than they havein the capitol
in reference TO reform measures. has
brought about great deal of comment
among Eastern investors, some of whom
have claSsed our state with Kansas and
Nebraska, so far as the so-called ''gran.
ger legislation is concerned. This has
had tendency to make our Eastern
friends hesitate in regard to their in.
veStmentS i'll this country until the adj
journment of our legislature, so thai
they may be sure that none of the fool
ish legislation proposed is carried ont.
1t is quite important, | think, that the
citizens of st. Paul notify their Eastern
fl lids and correspondents that there
have been
No Laws Enacted
by the present legislature by which an
honest mans money can be cOnfiScated
or in other ways hostile to the invest
ment of outside capital in our midst
| think our papers should herald that
fact. and it cannot be too prominently
put before the public at large for the
! newt SiX months 70 cnuntaraat in y: