St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-02-07
They Also See That This Future Activity Is Be
companied by Magnificent Growth Of Building
Business.

Minneapolis is the largest city of the
the Northwest
Why should not Minneapolis be the
center of the real estate business in the
Northwest?
The Northwest is the richest. most
promising section of the whole United
States.
Why should not Minneapolis be one
of the best cities in the United States
for the investment OF money in real
estate?
The purpose of this article is TO show
some of the advantages possessed by
Minneapolis as real estate center, and
to present some Of the reasons why
Minneapolis should become more OF a
real estate center than it is.
To delve INTO ancient history for a
moment, business of all kinds was ex-
ceedingly dull after the close of the war.
The dizziness was especially pronounced
in the case of real estate. Minneapolis
was not large city at that time, but it
was promising young city. Everybody
conceded that it had a future before IT..
There was good deal of real estate ac-
tivity, but that line of business suffered
with everything during the depression
that followed the close of the war. That
depression was, however. only temper
airy. The resources of the great North
west were so great that no city in this
favored land could long rest in stagna-
ton, while all around were scattered all
of those things that go to make a great
country and to build up city. So the
men who were in the real estate bust
ness i'll Minneapolis at that time-moSt
of them have sought other channels of
trade ere thiS-were son made aware
that they could sell property in this city
and at a fair price. 1t might be said
that real estate doomed in Minneapolis
thcn-boomed, that is, with healthy
boom as healthy young colt grows into
a magnificent horse--until the year 1877.
Then came another period of fnan-
cial depression. Throughout this
whole country the feeling in
most insecure. At that time Minneap-
oils was in no worse condition as re-
CARDS financial depression than any of
the other cities of the country, and not
as bad as good many of them. 1t was
"a young Western city, and it felt the
withdrawal of money by the Eastern
capitalists. But it survived the shock.
From that time the progress of Mime
apOliS has been ever onward. There
has been no stop to the prosperity of
the city. There have been periods
when money was not so plentiful as it
might have been, and when business
men were soIely pressed to find the
requisite amounts of the needful to
carry on their business. But few of
them failed. gdW e=5
They are now sailing into the haFbor
after being tossed by the storms.
Every indication points TO renewed
prosperity in Minneapolis, greater than
the city has ever known before.
Men who have followed the real es-
tate markets of, the country for years,
and who have watched the influences
which go to depreSs or enhance the
price OF real estate, and who have noted
the conditions prevailing during a
period of either depression or imitation,
have discovered an affinity between the
price of real estate and that of iron.
When the iron market is strong the
price of real estate is up. and the trad
ing in the crust of the earth is brisk.
Here is pointer toward prosperity for
real estate men, for the iron market is
stronger just now than it has been at
any time for several years.
The direction which the young men
of the country take shows which way
the wind of prosperity is blowing.
Time was when the young men all
gravitated toward the large cities OF the
hot In hxr- no
gone for some time. The cities of the
East get but few of the Eastern young
men now. Their additions are made up
principally of the young men who have
come to the West and made themselves
so valuable in some particular line of
work that their services are in demand
in the East. The Eastern young man
turns his face toward the land of the
setting sun and the town site platter
and follows his nose. He lands in
the West without much money, it is
true, but he has what is better-push
and brains. He soon finds something to
do, and contributes his share to the
general prosperity. He writes home to
his friends and tells them what sort of
a country this is that lie has landed in
and they follow him. This is as true
now as it was when what is now the
state Of Minnesota was territory in
habited by few white families and
thousands of d0g-eating Indians. There
is constant stream of immigration into
the cities of the West, ami Minneapolis
is getting as many of them as any city
west of the Mississippi river. Where
the young men come there is found
the prosperity. This is another indica-
ton that Minneapolis has before her a
period of uneXampled prosperity.
The successful merchant is always a
heavy advertiser. He knows that the
public will not visit his store TO see
what he has. They do not know wheth-
er he has bargains on his counter. and
they do not care. They will never take
the trouble 10 find out. If he wants to
show them what he has and attrrct
them to his place of business, he must
tell them so i'll unmistakable language.
If, through the medium of advertising.
he can assure the public that he has
something for them that is worth look
ing at and that he is anxious to have
them look at it, they will come to his
store and buy. Advertising is neees-
sary adjunct of every sort of business.
1t is as necessary to the SUCCESS of 4 city
as it is to the success of millinery
store. The town that does nothing to
make itself talked about, that is nothing
in a way to attract they eye of the
world, will continue to run along IN the
same old rut, and Its people wills con-
tinue to ride in bob-tailed street ears
over single track lines. 3s
Minneapolis is today the best adver-
tised city in the United States, if not in
the world. The decision of the Repub-
lican national committee whereby the
national convention will be held in Min
neapolis has made the name of Mime
apolis known in every corner grocery in
the United States where men congre-
gate to talk politics and spit at a mark
which means that its name is unIvers-
ally known throughout the country.
But the coming CT the national Re-
publican convention to Minneapolis is
not the only factor that has gone to adj
vertise the city. There have been other
gatherings within the last couple of
years that have done almost as much to
make the city and its position known as
the national convention will do. Con-
ventious have rolled IN on Minneapolis
so plentifully that it has come to be
known as the Convention City. They
have been of all sorts and sizes. from