The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1896-11-08

necessity, or that a new factory win
bring him a return for his money. viii
hasten to advance the money for thai
purpose. That is the only way to view
the general building situation in the
large cities of the northwest There
will be no revival of the building
trades until the cities have grown ia
our present supply of buildings of ali
classes.
But that is one view of the situa.
ton that is generally shared by men
With money to invest. The other view,
from the standpoint of the small prop.
erty owner and the man of small
means who wishes to invest a few
thousands in residence or business
tenements in outlying portions of the
city. 10 such the present situation Ia
one or encouragement A month ago
money could not be had upon any pre-
text for building purposes. The build
ing trades were in a desperate situation
without hope of relief except through
the election The election has been held
and that relief is at hand Thousands
OF dollars in the hands of small capt.
tal1Sts are seeking investment in realty
and in buildings of the smaller and
less expensive kind. There will be a
general revival of building in St. Paul
this coming SeaSOn-more than for sew
eral years past. / do not expect to
| see any sky scrapers going up nor any
| SACdI OuSlu0SS DUCKS, Out Un0r0 Will
| be many small dwellings,, especially In
| the outlying districts that have suf-
] fered from the hard times of the past
few years. The revaluation of realty,
| the fact that much valuable residence
property is now on the market at
| prices much below that of two and
three years ago, will assist in this
building revival. Many a small mer-
chant or business man of modest
means is ready to build himself
modest home If assured that the
money panic is ended, that values will
be stable in the future. AS 1 say, It
is improbable that there will be any
great building projects undertaken.
but the aggregate of the small bust
ness will be a. great assistance to the
architects and building trades gener--
ally"
Cass Gilbert said there could be no
doubt of the favorable result of the
election on the business of the archi-
tects Of St. Paul and in the country
generally. There has already been
manifested a change for the better.
have received notification from the
ron men that the price of structural
iron and steel will be advanced, indi-
eating the increased demand for such
material. But we cannot hope to see
any great change for some months.
This is always the dullest season on
the architects offices. After the first Of
TIE year l. expect general ana SUD
stantial change for the better"
A. f. Gauger was also of the Same
opinion. There has never been any
doubt in my mind that with the cleo
ton Of Mckinley the business Of tho
country would be bettered. When busi-
ness is good in other lines the build
ers generally are busy. But I hope for
nothing immediate. There has been
a prolonged season Of dullness in ths
| local building market and the revival
will be slow but sure
At the Office Of Buechner & Jacobson
the same feeling of confidence was ex-
pressed. while 1 know Of no great
building projects in the hands of local
architects" said Mr.. Jacobson, 81 am
confident that there will be an era OF
good times for all classes of the build
ers' trade in the near future. There Is
no lack of money and there has been
so little building in recent years that
I am certain some of the money that
will be seeking investment in St. Paul
will find it's way into improvements
that will keep the architects busy"
At the offices of BassfOrd and Dom
ohue it was stated that little improve
ment was expected until next year,
when a brisk demand for professional
skill would no doubt result from the
added material prosperity of the coun-
try.