The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-05-17
faction AND REACTION"

If the real estate men who gathered
around the hospitable board at which they
entertained few of their friends last
Wednesday evening, were to attempt to
give an explanation of the faith that is in
them they would undoubtedly have re-
course to the argument SO ably set forth
by one Of their after dinner speakers, Mr..
Thomas Cochrane, of st. Paul, under the
toast OF faction and Reaction
The thing which inspires confidence in
the future of Minneapolis, and co-ordi-
city, is the fact that Minneapolis is the
commercial center of a large section of
country, rich in natural resources which
are being rapidly occupied and developed.
This is the aetion This immense north
west territory of ours is making place
where conveniently located with respect
to these developing resources, these
broad acres devoted to agriculture to
stock raising and to dairying. these.Sre-
gions rich in mineral wealth, these nu-
merous local centers of trade, prosperous
ClIiSo AhA =toNhoS INCL . 441uSt 10 a SSAASA ~
mart; somewhere must be found a. market
for their products; somewhere must be
obtained in exchange those supplies which
will be required at the hands of industry
and trade. 1t requires no. peculiar insight
into the situation to discover the fact that
in the natural order of things Minneap-
oils has already been selected as the chief
center, commercially, industrially and
financially of this growing northwest.
Here comes the reaction. By as much
as the, northwest is. prosperous by SO
much must Minneapolis thrive. The prog
,ress of rural and urban communities,
serving each other and dependent upon
each other in large measure, must pro-
coed with corresponding speed, If healthy
conditions are to obtain in both. It has
been demonstrated by ample experience
that the urban may not successfully out
run its rural community. If this was a
time when the urban development of the
twin cities exceeded the demands and was
out of proportion to the growth and devel-
opment of the rural districts commercial
natural adjustment of the one to the 9th
er requires greater urban development in
the immediate future. ...
In other words, Minneapolis has room
to grow. which is equivalent to- saying
that Minneapolis is growing and will con-
tinue to do so. 1t is growing by no arti-
fetal or spasmodic development, but g
natural, conservative, healthy enlarge.
ment of all her resources and activities
of trade and commerce. 1t is an essential
substantial and fully justified by all the
conditions. The fact which emphasizes the
confidence reposed in real estate in Min
neapolis to-day is not that there has beer
an advance in price: or moderate activity
IN the real estate market 50 much as tina
the commerce and industrial activities O.
the city are strained to their utmost tt
meet the demands made upon them in tina
territory to which this city is the nat.
ural and legitimate trade center.
1t is a knowledge of this fact, and the
steady, constant demand for accommoda
lions in the way of stores, factories
building sites, railroad terminals, resi-
dence lots, houses for rent, and othel
forms of demand for real property, which
has developed in this community, mot :;
spirit of speculation and reckless boon
activity in real estate; but healthy, act
i've demand for legitimate inYestmen
purposes. -. 80 49, s-,;.,,:7: >. $3.50 =.