St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-07-04

Than Usual - Our Greatest
Growth Is since 1890 - The
Directory Will Contain 531
Moro Names Than Last Years
Directory.
The city directory for 1894 will make
It's appearance Saturday, ten days
earlier than +, l.. Polk & Co. have sue
ceeded in getting it out in years past.
Iu the introduction will be set forth the
following:
ST. Tau; has passed through the
panic period with as little injury as
any of the representative American
cities, and should be congratulated upon
The superior stability of her leading mer-
camille and manufacturing establish
mentS, none of which succuu.bcd TO the
terrible pressure of the financial panic.
This volume contains 1892 names, an
increase of 53l over last year. This is
not So large an increase as usual, but it
is due largely to the established custom
of directory publishers of including in
the list the names Of females and per-
sons under eighteen years of age who
are engaged in business. Many Of this
class have been unable to find employ
ment, and do not, therefore, appear in
the present book. A very large num-
Der of new names and new lines of bus
mess, however, will be found in the di-
rectOry. During the year there were
1855 deaths and 1879 births. making
the natural increase, without immigra-
linn IN, Onr of pitN
An estimate of 10000 population at
present is therefore the most conserva-
tive that is made in any other city, and
it is believed that the state census of
1895 will verify the statement and show
that ST. Paul has grown more between
the years 1899 and 1895 than at any
other period of its existence.
Like in all other American cities,
there has been no appTeciable activity
In the real estate market i'll ST. Paul
during the past year. The realty trade
has acted In sympathy with the lethargic
condition OF geIeral business. making
sales SLOW and few. Prices, however,
have been we'll maintained, especially
in the business center and best resi-
dence districts. The only property to
suffer any material Shrinkage III value
was that on the outskirts OF the city,
and this will soon recover when times
improve.
With the development OF the vast re-
sources of the new Northwest which is
just beginning, St. Paul is certain to
grow rapidly i'll population and impor-
lance: and with this growth will come
healthy demand for real estate. Present
owners are justified in holding their
properties for the improved conditions
and better prices of the future.
The building season of 1894 has
opened with remarkable degree of
activity. Work on the new government
building, when is to occupy the entire
block bounded by Market. Washington,
Fifth and Sixth streets. has been begun
in earnest, and before the winter sets
ill the construction will have progressed
far enough 10 give the observer a good
Idea of the magnitude and grandeur of
the completed building. Congress has
already appropriated SS00,0U0 for this
structure, and it is estimated that 800,
900 more will be needed and approprl-
Rted 10 complete 1t. A large number OF
new business blocks are now uhder
course of construction, among which
the most notable are the wholesale
building on Sibley street for t. l..
Blood Il Co., and the Horton and Nc
Eey buildings on Sixth street, opposite
Ehe chamber OF commerce.
Several apartment houses. to cost
from $4,000 to $4,000 each, have
already been started in the residence
districts. New York capitalists will
soon begin the erection of a siX-story
store and office building on the south
east corner of Robert and Sixth streets.
The dimensions of this structure will
be 100 by 100 feet, and 1t will cost
100000.
q large amount of money is being
spent in remodeling old business houses,
III transforming them into modern and
more Inviting stores for general bust
ness. TO meet the demands and require
mentS of the present progressive age,
owners of property finding it necessary
to make such improvements to secure
tenants.
Plans for the new state capitol, which
is TO cost $4,000 600, are now being pre-
pared by competing architects.
Property is assessed at about S3M per
cent of its actual value. This is low
er percentage than is used in most of
the other Important cities of the couu.
try; yet the tax rate is exceedingly
small. The total assessed valuation of
real estate in the city is $1,000. SCI, of
which 1882, 762 is exempt from taxa
ton; and the total assessed value of
personal property is S15,242, AS.
The tax rate varies from 17.40 to 20
mills.
i he following comparative statement
of tax rates in various cities shows st.
Paul to good advantage: