St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-08-27
A Branch of the National
Real Estate. Association a
I - - r -
Started. =.
The Festive Dirt Dealers Re-
view Their Position FROM = :,
All Points. ~: :sI7'
St. Paul Property Market.:sIs
. Assuming "a More Rose-4aasSsii
- ate Hue. ~ ! 81 =
DR.. Hoyt Declares He Is Being
Prosecuted by the Re- ; |. :,
~. formers. =. =. III !"

~. 80 JH y IN.
- - siioc;.
| Steps have been taken toward effect!
ing the organization of local braneh7ef
the National Real Estate association.
an institution that will hold its second
congress in Buffalo. n. Y, Oct. 4, 5 and
g. j. c. 'Bartholf, the assistant secre..
tary of the association. is in ST.. Paul.
and at his instance largely attended,
and representative meeting was held i'm
the chamber of commerce yesterday
afternoon. Mr.. Bartholf, unlike most
newspaper workers. is an eloquent
talker, and for nearly two hours he en-
tertained the real estate men of the
city with an interesting recital of the
benefits that acrue from organization.
The meeting was called to order by
II. 5. Fairchild, who nominated Thomas
Cochran as chairman. This prevailing.
MIR. Fairchild was solicited for speech,
and Ire is always ready to voice his
opinions upon topics of interest con-
necttd with the welfare of the city. He
said he had great faith in the progress
| and prosperity of st. Paul from the
standpoint of real estate man. He
| fancied that soon the shoulders ofaif;
dealers will be found on level-4em-
plOying an idiOm-for. he confessed. of
late one shoulder had been afflicted with
perverse habit of falling slightly lower
than the other. This had been his per-
sonal experience, and he believed twas
the case with the great majority. Tile
cause had been mortgages, but the
bountliul crops harvested in the-ter-
ritory directly tributary, to st.
Paul had accomplished wonders i'm
lifting these mortgages. He recounted
at length the mercantile. commercial
ana manufacturing growth of the city.
the past few months, as the upshet.Of
the vast resources that had been de-
veloped by the immense harvest of a
year ago. Manufacturing institutions
have recently been established ia ST.
Paul, he proceeded, that give employ
ment to many thousands of labOrIng
lneE, anu this one condition has con-
trlDuted very largely to growth OF the
city. The money market of the :WerId
is easier than it has been for some
years, pursued Mr.. Fairchild. After
live years OF Depression, that has tided
over 500. -.
Without a Crash
like the crises of 81 and rs. he con-.
sidered it impossible that the conditions
should be such as not to recommend al
ioi NoiN iiOtOiuSiIb III It'll estate DuSf-
Ness. Gradually, and almost unnoticed,
1t is true the real estate market has i'm
proved, and retail business, whicnihe.
considered one of the most vital institu-,
lions OF a metropolitan city, has adj
vanced. He believed III organizing, but
he did not know enough concerning the
merits of the National association, to
speak for it. -
E. j. Hodgson followed in the same
line. He claimed that real estate in st. !.
Paul had never really been wort Ii SO
much. although selling prices may have.
been higher at certain times in the past.
He pointed to the benefits that viii
be naturally derived from the Wood
Harvester works. although he could
not refrain from indulging iii "a little
sarcasm, and stated That the site chosen
is much nearer Chicago than pleased
most patriotic, pubtic-Spirited citiZens.
Every machine will go out marked st.
Paul, and this will draw attention of
every farmer, and. moreover, of every
dealer in agricultural machinery. to-
wards st. Paul. The effect will be be-
yond easy comprehension. Dealers im
agricultural implements are generally
country merchants, and when they get
in the way of buying the Wood harvest
ers in st. Paul they are very likely to
also buy all their machinery here. From
this incident MI. HOdgson branched off
upon other promising conditions OF
the Northwest. He stated that
never IN any one year had
SO much maiden prairie soil
been turned. Last years unprecedented
crops had their stimulating activities, and
the wet season has been particularly
favorable to breaking, and thousands of
acres in Western Minnesota and in the
eastern portion of the DakOtaS are ready
for crops next year. !.
George w. Hazard had something
pleasant to say for the. Lewis tract, out
! near Como. he explained that fifty
acres had, been rendered to the Wood
Harvester company. but the bonus was
disdained, and since then, contracts had
been effected with three different maiili-
featuring concerns, and the aggregate
capacity will be to give emplovmentzto
at least6o0 men. 1T is proposed to build
A Belt Line
west of Como. connecting with the 500
and with the Northern Pacific roads,
and this will afford admirable; transpors
tation facilities. He Endorsed the state
ments already made, that this is the
dawn of all era of unusual prosperity
for st. Paul. He regretted that real es-
tate men are so often misunderstood.
They are considered too often as mere
boomers, but, instead, they build up the
| material interests of a city. Our trouble
has been in the past that. while govern
ment bonds only bring 3 per cent, real
estate has been expected to realize Is
per cent. - s.
Mr.. Bartholf was here introdced, and
he addressed himself to the benefits of
| organization. He urged that the effect
| that the branches have had in other
| cities has been marvellous. He paid
handsome tribute to the honesty and in-
| tegrity of real estate men in general.
Local organizations become vehicles Of
| of great benefit. not only to the dealers
| themselves, but TO their clients. and he
| proceeded to give recital of, the meth,
| DDS adopted. Only one peremptOry.
rule is made, and that is that only one
| agent can become the agent for Offe;
| piece of property. Bulletins are isshad
| weekly to each member, so all
may handle the properties that
are. on the market, but Ut
must be through the exclusive agent.
| The matter of commissions is more of ,
an advisory nature than of a mandatory
character. When customer for piece
of property is found by dealer other
than the exclusive agent, the two divide
| the commission.
| Mr.. BarthOlf closed his address tyV
| urging st. Paul to send large delega-
| ton to the second congress of the ma
tlonal association,>tob be held in Buffal6,.
and resolution was adopted by the
meeting authorizing the chairman to
| appoint committee of five to take
steps towards effeeting an organization.
and also to arrange for attending the
national congress. The following were
named as the committee: j. ]. Watson.
ii. s. Fairchild, William Candy, r. A.
| Dugan and George l.. Hendrickson,
| The meeting adjourned, sabject to the
call of the committee.
| Money Viii Tell.
A dollar will go further at the Grand