St. Paul daily globe., 1893-02-19
And the Arcade Company Will
Occupy the st. Peter
Front.
The Lease Purchased, and the
Building Will Be Re-
moved May 1,
And a Handsome Mo depn
Structure Will Take It's
Place.
More Third Street Merchants
to Come to the New
Center.

ing which will greatly add to the pres
tige of the city from business stand
point. as we'll as add to the already
fine array of structures. 1t is to cost in
the neignborhood of $4,000 construct
ed of iron and glass after the most i'm
proved styles of modern architecture,
and will be located in the business CEN
ter on st. Peter street, between Fourth
and Fifth streets.
The site to be occupied by the new
building is at present used by the Diekin-
son store. The Dickinson building is to
be torn down as quickly as possible and
work commenced Oh the new structure.
Yesterday the papers were signed by
Frank Conklin, representative OF the
Arcade Investment company. and Mr..
Dickinson for REIMBURSEMENT of the
lease held by Mr.. Dickinson May l. AL
though nothing is said Of the terms OF
the agreement, it is understood that Mr..
Dickinson was given snug sum for his
lease and as recompenSe for the I'M
mense loss which he will necessarily
sustain through the forced sale of his
stock Of goods now on hand. The store
must be vacated by the 1st of May, so
that the workmen can begin the work
of tearing down the building.
1t has long been an unpublished fact
that the Arcade has not been paying
investment for Mr.. Lowry and the other
owners. The greater number Of the
stores have not been occupied regularly,
and the immense rental which was eX-
pected has not materiaIized. 1t is
part of the new plan to take out the wall
between the Arcade and the Dickinson
building, construct the new portion of
the block in accordance with the plans
of the Arcade building, and run the
stores from the ST. Peter front to the
store of Field, Mailer & Co. The build
ing is to be constructed of iron and
glass. with all the latest Improvements
in store and building architecture. The
corner at the intersection of st.
Peter street and Fifth will probably be
made into immense store TO be used
for dry goods. and it is said that Bos-
ton man, who now conducts an immense
dry goods business in that city, will take
a ten years. lease of the store. He has
stated that he will put in a stock of dry
goods larger than at present carried by
any of the ST. Paul stores; to cost at
least 100000. He will put the cash into
prices so cheap that he will be able to
accrue a considerable profit.
The new building will be built on the
| "column" system. The floors will be
I separated by iron columns, placed In
such position that the space can be
| divided off as is suited to the convenience
and demands of the tenants. Instead of
having an alley in the rear of the build
Ing. and in this way wasting large
| portion of valuable space, there will be
an alley in the rear portion of the base
ment. This will open onto Fourth and
Fifth streets. Running through the
alley there will be a track on which the
freight from the various stores will be
taken to the doors, where there will be
room for wagons to receive 1t. The
building Will be three stories III height.
1t is rumored that the entire Fourth
street side of the new building, as well
as the Fourth street side OF the Arcade.
will be rented by Field, Mailer 81 Co.
as all extension to their present build
ing. This will give them one of the
largest store in the city and one of the
best fronts. The arrangements have not
been completed for this, however.
Mr.. Dickinson declares his intention
of going out of business in st. Paul, and
says that he will sell out bis stock of
goods at prices which will scarce the
people irto fits.
Il have been in business in the city of
st. Paul for seventeen years." he said,
land l have determined to go out of
business here. | signed the papers with
~. !, I
will be compelled to vacate the premises
bv the 1st of May. 1t will be necessary
for me to lose considerable money by
the sale Of my immense stock within the
prescribed period of time. but will ad-
nit that have been treated right in the
matter of a. settlement for all damages
| by the purchasers of the lease. While
will not lose anything personally. the
stock Will have to be sacrificed, and the
! housewives of the city of ST. Pa al will
be the ones to profit by it. l am going
| to mark down all the goods to the low
est possible figure. There are some
| things which l can make lit
! tie profit on, but the greater part
will be got rid of at less than the orig
| inal cost. l will have to get the place
| cleaned out by the 1st of May. There
| will be the greatest scattering of crock
cry ware ever seen iii the city OF st.
Paul. l will have an army of clerks at
work all of the time and the stock will
| be carried off as fast as it is possible to
! get rid of it. l shall probably have an
| auction at the end of the sale. The
people must not think this is an adver-
tisement dodge on my part, as it is in
! sober earnest They will find out when
they come to look over the store in a
few days.
The architects who will have charge
| of the work have not yet completed
| the plans, but they will be ready in the
! course of few days. The new build
ing will be completed as rapidly as pos
sible.