St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-02-07

OhN VI IllCIl has lis cu6Cl. Every
man who has come to the city has been
an advertiser of the city. That is why
Minneapolis is called the best adver-
| tised city in the country--because it has
been visited by more men and women
III the past two years than any other city
OF any where near equal size in the
country. What the other conventions
have done the coming of the Republic
an national convention is about to
complete. They have made the city
known all over the country. But al
most any city that can be classed as
big city could have taken care of all
these people and sent them away salts
| fed. National conventions, however,
never go to maugy-horse towns. The
city has been advertised so extensively
| that the Republican national committee
! was forced to recognize it as one of the
| foremost cities of the country and honor
| it with being the place to hold the con-
vention. The action of that committee
puts the stamp on the work that has
been so well done by other gatherings,
and says to the world:
Look at Minneapolis! She is no
longer growing Western city. She is
one of the few important cities in the
| country"
| Great cities cannot be scattered
across a continent as one would sprinkle
! corn meal in front of a brood of newly
Matched chickens. Nothing exists in
| this world without reason. No great
! city was ever built but there was rea-
son why it should be built just where it
was. The surrounding country. its ca
| pabillties and its resources, have a good
deal to do with the growth of CITY, Its
location, with respect to other cities
has an influence. Its topography and
It's geographical location also have
| much to do with its future. A look at
the great cities of this country
or any other country will show that
in no civilized commercial nation are
great cities built remote from water
of some kind. They are on some lake,
or along the banks of mighty
river. And here Minneapolis comes in
again. She is situated alongside
the Father of Waters, whose rushing
| current feeds her water wheels and
makes it possible for her to send her
flour to ali parts of the civilized world,
and some that do not rank quite so high.
She sits i'll the center of the most fertile
section of the whole United States, and
the choicest portions of the dominions
of the queen are directly tributary to
| her doors. She has climate that is
| unrivalled. But why particuIarize?
| She has everything in abundance that
! goes to make great city, in the way of
| natural advantages and location. These
are the reasons for her existence. These
are the reasons why she has taken her
place among the great cities of great
nation, and at the head of all Western
cities, as Western cities are now CLASH
fed. She is queen of mighty empire.
And she is ambitious.
But she looks with no longing eye
upon the crowded, cramped conditions
existing to the east Of her domain. She
! is ambitious, but her ambition is not OF
the acQuisitive order. She has no need
OF that sort of ambition. The territory
to the east of her possesses nothing that
is attractive to her. That which lies to
the west is all hers. Sweeping back
from the dividing line between the
East and the West her empire fades
into the Western horizon, and is bound
by waves that gently lave the extreme
| edge of the continent. All that cOun-
try is hers-hers to rule. No cities rise
from the earth to dispute her sway.
Why?
Because no reason exists for them
therefore, they cannot exist. The con-
di:ions preclude the possibility of build
ing great city between Minneapolis
and the Pacific coast. The country that
stretches away toward those wide
WdtCio 10 IlCu. DuL
riches are of no consequence if unused.
They must be put within reach of those
who can use them. They are not riches
so long as they remain buried in the
earth. They must be dug out and
transported East. And they must come
through Minneapolis. This city is the
gateway into the outer world for all Of
this great country. No other cities can
rise there, because the natural condi-
tions forbid it.
And that is another reason why Min
neapoliS should be great.
Now comes the one great reas on why
Minneapolis people may expect to see
their city rise on new wave of pros
| perity that is bound to land her near
! the top. The men who concern them
selves with real estate see the hand
writing on the wall and the slant of the
! letters is encouraging.
Once upon time, as all good stories
| begin, man who was more at home in
ETHEREAL regions than in the material at
lnosphere of this world. said, '"Tis love
that makes the world go round" Latter
| day commentators have all decided that
/ an error must have crept into that mans
manuscript while was passing through
! the hands of the copyist. They have
| all agreed that money" should be
| substituted for ''Eove." And so
! it reads, 'Tis money makes the world
go round" and go round fast. When
| the money is plenty the world moves at
a higher rate Of speed. Money is pien-
titui now, SO leok out tor the worlds
| taking flying start and setting out to
| smash few records. Minneapolis has
| always kept pace with the world. and at
present she has girded up her loinS and
! prepared in every way to have place
1 hn NhaA .-rnI Il
! which will be run off, rain or shine, if
the municipal court does not interfere.
| The big real estate dealers of Mime
! apOlIS are authority for the state
ment that there is more money on the
! market than there are people to borrow
! it. The days OF high rates of interest
have gone never to return. 1t is assert
| ed that now. lying in the vaults of the
| Security bank, is round million of dol
| lars ready to be loaned on real estate at
per cent. And the takers are few.
| When the capitalist learns that few peO-
| pie are looking for his money to pay,
him interest on it, he begins to cast his
| eyes about him 10 find some other place
for it where it will return substantial
! income. The capitalist who loans money
| is always careful man. He does
| not sink his cash in mining
| stocks and railroad corporation water.
| Those materials are too unsub-
| stantial. Real estate catches his eye.
| That is always safe investment. 1t
cannot be carted over to Canada by
| smooth cashier or frittered away in
rate war. 1t remains and increases his
wealth, and will continue to do so while
the present methods or taxation are in
vogue.
| That. then, is the chief reason why
Minneapolis people may look for unex-
ampled activity in real estate. 1t comes
as the climax of all the other reasons.
Money is so plentiful that it commands
but a low rate of interest, even when
there is any demand for it. So the cap
italist buys real estate and rests con-
tent that his millions or his thousands
are all right.
In big city people must have some
thing to shelter them for the weather.
AaLICaS