The Minneapolis journal., 1904-12-31

been able to sell additional lots to dispose of lots
as pure semi-speculation.
This is the only evidence of approaching specu-
lation which is necessary start values up their
true relation to the commercial Importance of the city
Agents longing for the injection Of speculative
movement and, perhaps unwittingy, have thus laid
foundation for it. In a the heavy buyers the
last few years spectators they expect to make
by increasing the value of their properties thru
improvements or by selling on future rising market
Precedents Rudely Violated: -
Several shifts have been made from time -honored
customs in the locations of buildings which have start
led those citizens who do realize that the is
growing. The Orpheum gave the people the
worst jar when they settled so far out as Seventh
street. This something unheard Of by the moss
backs and by those who not in the habit Of think
ing It also startled property holders in the
older part of town who have squatted their hold
ings and intend to die there They forgot that the
city would grow away from them and that instead
of making fortunes their properties persistent
fusa to let at reasonable prices would stunt the
cty's growth, turn it in other directions 1t
lesson also to those who do not believe in <ve and
let live, ~ and who want to make all the profit that
promises to from advance in prices themselves.
A tremendous jolt followed when the Northwest
National Life Insurance company violated all pre-
cedents by selecting at Eleventh and Nicoet site for
building: This with it the Auditorium
Dire ruin and failure of the project predicted by
the fossils who had not expanded with the city, and
therefore failed to understand that all things do not
growth with them. Another rude jar followed
when the John Leslie Paper company broke away from
sacred pdSL,
and started jobbing warehouse five blocks distant,
across the street from the courthouse and in the pros
peotive retail and office district.
: Something of shock came when Waldron decided
to put dyehouse at Mary place and Eleventh street,
where only boar ding houses and old mansions have
thrved. Another tremor with the establish
1nent of towel supply company laundry across from
the Y. M. G. A., at the Of Of former best
residences In the general upheaval the Monasch
Lithographing company took long step from Fourth
and First avenue N and landed at Fifth and
Fifth street. and George W. ,Caplan picked out the
spot for the location of garage and automobile
shop while laundry and other industries violated
precedent by establishing themselves in the same
neghborhood.
Residence Sections Favored. =
Park avenue sprung into favor again home
street in the building of fine houses by George Peavey
Frank Crosby, Frank Hefelfnger, Swan Turnbad and
others, while F. B. Wells made over the former Frank
H. Peavey house into magnificent mansion. And
Clifton avenue held it's fairly well in the finish
ing of the Mcmillan and Andrews houses and in the
beginning of the remarkable Clifford palace But at
the same time Mount Curve hill Jumped suddenly into
prominence exclusive district, with the Mar
tin purchase and the building Of his Palatial home
breasting the hill above Kenwood Parkway and the
new parade Many other purchases followed suit and
a new home center established where had existed
a graveyard of deceased mansions
Old Center Still Stable.
Other leases, purchases and building has tended
to confirm the stability Of present centers however,