The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-06-07
ST. PAUL REALTY is
GOOD AS GOLD
BONDS
Considering the Increased
Population Which Is Bound
to Come to the Northwest
City Property Must Be
Enhanced in Value = No
Cheaper Time Than the
Present.

"St. Paul real estate is an invest
IneHt better than government bonds"
This is the opinion of M. E. Kost,
prominent member of the st. Paul Real
Estate Exchange, in speaking to 7 h e
Clio b e yesterday on the condition of
the real estate market. Continuing,
Mr.. Kost said:
There is no doubt in the minds of
the most conservative that for the past
fifteen years st. Paul real estate has
never offered such assured prospects
for increase on investments as it does
today. 1t is not necessary to refer to
the fOrty-nine years past and gone;
simply go into the facts and figures of
the past three years.
Looking to the increase in popula-
ton of the great Northwest, taking into
consideration only the vast amount of
lands that has been sold in the past
three years to actual settlers through
out our state and the Dakotas to
families of ample means, who in many
cases have paid cash for their lands,
stocked their farms and have come
west from all the states along the line
as far east as the state of Maine
They are now helping to till our soil
and are making their homes with us.
When we consider that during the year
1901 between $4,000 and rs 900 people
settled upon the vacant lands traversed
alone by the Great Northern rail-
way, and that there are many different
sections, all tributOry to the city of
St. Paul, where like remarkable
growth has been progressing, what
does this mean to our city?
There is not q prominent wholesale
house in our city which in the past
two years has not enlarged it's prem
Uses by moving into new buildings or
building additions to old ones. There
are upwards of 5000 more people today
on the pay rolls of manufacturing es-
adjustments here than there were on
Jan l, 1901.
"St. Paul has eleven railroad systems,
of which two are transcontinental lines
with their office headquarter buildings
and railroad shops in our city. The
new Great Northern shops will be COM
plete about November l, and will fully
double their force. 1t is beyond doubt
that the increased volume of business
from all sources is the safest argument
Of a substantial and prosperous
growth, and when the question is
asked, What is the future of st. Paul?
it is no guess work.
1.-THE facts speak for themselves. It
is time for every loyal citizen of ambi-
ton and enterprise to awaken from
liz VI Gains VI I1LS past, QO justice ~
our beautiful city and avail themselves
Of the opportunities, without waiting
for Eastern buyers to take advantage
of the bargains offered, and pay them
a profit hereafter. From the Superin-
tendent of public and private schools
We are informed that during the pres
ent term about 2,400 more pupils have
been enrolled, and with the continual
increase of population comes the in
nIIIrV for hOnSHS rent maxine IL
impossible to supply the demand. From
the statement of our renting agents
many could have rented from fifty to
one hundred houses more this spring
were they to be had. The advancing
of rents has caused the most conserva-
tiVes to study the necessity of owning
their own homes
With the present low prices of de-
sirable unimproved residence prop
erty, which in many cases can be
bought on the most reasonable terms,
it gives the opportunity to all men Of
moderate means as we'll as the more
fortunate, to avail themselves Of the
low price of unimproved lots, laying
the foundation for a future home. BY
inquiry our own investors will be con-
WINGED that unimproved residence
property in our city is in many cases
offered at so per cent less that in other
cities of a like population. While
prices Of building have advanced,
houses are going up in all directions.
It is not likely that by waiting there
will be a saving; lumber will not be
any lower, but is apt to go higher
The increase on the price of moderate
home can in many cases be saved by
the purchase of your lot at present
prices. Owners of property are be-
coming aware of the fact and are not
giving their agents long contracts on
special prices.
''The month of May has been the
banner month for paying taxes and,
by the way, good deal has been said
regarding taxes If We want improve
ments they must be paid for. We
have more paved streets in the city Of
st. Paul than Minneapolis and Duluth
combined.
This appeals to every visitor to our
city and is often remarked and greatly
appreciated. A great many improve
ments and expenditures by our city
government were most necessary and
done during the past years of de-
preston. In some cases there was
dissatisfaction expressed where they
were not done and yet our taxes are
less than is paid in Minneapolis or Du-
luth."
=