The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-03-28
An ERA Of Good Feeling" III the Real Estate Market

year princely sums to be distributed BY
its erterprising millers, lumber and mis-
cellaneous manufacturers among our citi-
zsnz; turning the wheels Witch. out of
city and running our cars, Is factor the
value of which has never been over-es-
timated. and which has not yet reached
it's full development.
"Of our unique patrol system, restrict
ing within the business district the saloon
traffic; Of our magnificent railways sys-
TENS, centering within and radiating from
our midst; of our model street car sys-
tenn; of the high moral tone and character
Of our citizenship it Is unnecessary to
speak. They are all matters of national
repute. Go where you will, you will find
the sons and daughters of Minneapolis
standing for all that is progressive and
enterprising-in the heights and tablelands
of Mexico. the sunny slopes Of California,
the mountains and streams of the Puget,
the vast expanses of that wonderful un-
developed country north Of US, In the
wheat fields of Manitoba, in the valley Of
the Saskatchewan, in the far away Phil
ippines and the orient, as presidents and
traffic managers of some of the greatest
railway systems of our country and others.
Illustrious in the pulpit, in college and in
commerce, wherever men and modern
methods are In demand. there you will
find those who have breathed and alb
sorbed that atmosphere of progressiveness
which has made Minneapolis, and justly,
the synonym of the strenuous, high
grade life.
Commercial Advantages. ii.
"Of the advantages of Minneapolis
commercially must speak but briefly.
That our merchants, both jobbers and re-
tailers, are highly prosperous is a patent
fact; that our manufacturers are likewise
prosperous is as true: that our laboring
and all salaried people are earning larger
wages than ever is also an admitted fact;
that every last person in this community
who may be ever so humbly assisting in
the manufacture, . transportation or
handling of commodities Is prosperous
as never before, is known to all Of us.
What, then, about our real estate
dealers? Surely they should be sharers
in the general. prosperity. Given such
conditions within our gates as have been
outlined; given a country back Of us de-
veloping along the precise lines predicted
by its settlers and those who planted this
city as a natural gateway to its boundless
resources, why is it, if true, that the real
estate dealers of the city are not sharers
proportionately in the general prosperity?
! "Well, the first channel which a re-
taller naturally reverts to when business
is not altogether satisfactory is the ad-
vertising channel, and T use the word
advertising in its broad sense, not in
| it's restricted sense Of the use Of news
papers merely. It would seem that the
residential and commercial advantages
| which L have suggested have been gen
erously exploited in the past through
pamphlets, magazine articles, and litera-
ture generally. That it Is advisable that
there should be a continuation Of this
good work goes without saying.
Must we accept the fact that we have
reached the point where Minneapolis
tmoney cannot probably be invested in
Minneapolis real estates? Yes and no
Yes, If men are seeking city real estate
investments on the basis Of returns ex-
,Epected from speculative mining and unde-
Iveloped land properties; and yes again il
investments are invited on a basis Of
price for properties out Of line with theil
I income earning capacity; but, with condi-
lions such as unquestionably exist. anc
with such a price basis there can be, ir
my Judgment, no safer and wiser invest
ment. .. -4s.$s~ Ia
There are other moneys seeking invest
ment than speculative moneys. Hundred!
of thousands Of dollars need only to be as
sured of 4 per cent or S per cent ne
return to seek their logical resting place
Are our real estate dealers making them
selves effective agents In the premises
Have you a collective advertising fun.
and have you an efficient medium for ex
Epending same? Are you as an organiza
| ton systematically SO advertising Mime
apolis? Are you working together to TIL
best purpose to accomplish results, IRE
spective Of which one Of your member
temporarily gets the direct benefit? Ar
you working as individuals or for Mime
apolis? Are you running a narrow or
broad gauge real estate railway?
A Suggestion or Two. - ~
!, "There was unquestionably a jobbin
| business transacted in this city in tn
i, year 1902 away in excess Of any previou
year in our history. The same can a
truthfully be said Of our retail industry
Every condition warrants the most favor
r able consideration Of Minneapolis: produc
r Etive real estate at present prices or better
i! What about the non-productive?
+ simple answer: Make it productive. How
r Let me suggest one or two ways; TIL
/ men see before me this evening repre-
t sent the condensed acu1len and enterpris
= of city noted, and JUSTLY for its me
: of acumen and enterprise. Referrin
0 again to that advertising proposition
j Suppose we should all set out to realiz
t on the advantages we possess and max
n Minneapolis known all over this broa
= land and this big world as the best cor
y Quoted municipality extant, the be: