St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-03-13

even more' handsome. 40 In general it seems
TO me that the driveway ought not to ex-
ceed twenty feet On width, which. would afford
ample space for sidewalks and boulevarding
Here in st. Paul we still experience a degree
OF business depression, but we are no worse
on than most other Western cities A gentle
man informed me recently that there arc
$4,000 vacant houses in Chicago. =. A, similar
report has come from Omaha. The only pros
porous city in the West just now Is Kansas
City. 1t started on the road to prosperity
year two earlier than we did, before the
boom, and it broke down year or two soon
err. We have had eight years of hard times,
perity.
It is estimated that the tax levy of 1886 90
VIII be reduced IN round numbers from ST.,
sOOOo0 to $l,30O000. This is 5000, 900 80
per cent-very nearly one-third. Add to this
the reductions made in the cost of municipal
lighting, salaries of officers. ETC., and we have
a reduction Of fully one-third. This reduc-
ton will relieve us : all ), materially. But
eternal vigiiance-7the price of liberty-eternal
vigilance alone will save us from overtaxa-
ton. With the many advantages we have
here, surrounded by a rich agricultural re-
gion, capable Of producing such enormous
CROPS as those of last year. viewing the bril-
liant prospects for renewed immigration, we
nave every reason to hope. The future de-
pends on ourselves alone. There are waves
OF depression and so also are there waves
of prosperity. After one we must expect the
other.
Mr.. Dawson's remarks were followed
by applause. .5eas.,l,.,
Gen. Bishop pointed out that the
trouble with many tcitiZenseis that they
90 not adhere to their own convictions.
They must know that depressions occur
periodically and are scarcely willing to
admit the fact to each other.
: 1T has been we'll said," added Gen.
Bishop, that we of ST. Paul should
reduce the amount which we contribute
Tor other citizens towards the state
/ no aAy,6
than our share owing to our property
being over-assessed. But it is much
better, think, to increase our real es-
tate values. This can be done, first, by
convincing ourselves of the truth that
values are too low, and second, by
bringing to the city more business men
and more manufactures. 1t is a mis-
take to complain, as many carpenter
does, for instance, that there are too.
many carpenters here now. The arri-
val or strangers would stimulate bust
ness and give work to all. With the
$4,000 or 100000 people who will be here
next fall will come multitudes of young
men looking for a location. The G. A.
Il. encampmentao ought to leave behind
it within a year $4,000 new citizens Of
st. Paul."
When the applause subsidized James
K. Humphrey told of the stagnation of
real estate in Washington, D. c., and
Col. Newport said that while, three
years ago, Kansas City was much dead
er than st. Paul has ever been, the
real estate transfers in the Missouri
town last year were greater than that
Of the preceding three years combined
Real estate has never been SO active as
it is now in Philadelphia. Even in Chi
cago, Clark street property had recent
ly sold at prices never brought hereto
fore while many now vacant houses in
the Windy City had been built by far
seeing capitalists, who had erected
them in advance of the demand when
material and labor were to be had at
remarkably cheap rates. tss
The meeting closed with a pleasant
prophecy from the chairman of the fu-
ture greatness of the combined Twin
Cities.
The association will hold it's next
meeting at the call of the president.
1t is requested that all property holders
interested join the association without
delay.