The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-03-18
"FALL FROM WHAT7'
N. II. E1nmans Gets After Men Who
,. Are Afraid of Booms.


N. H. Emmans, the well-known pro-
moter Of Green's additions, inquiries
today why the people fear a boom: He
neapolis fell down once, is she going
to; lie there forever, for fear she will
fall again7 Fall from what?" he
asks. = 80 = - :.
".The merits Of realty have been
freely discussed thru the! columns Of
T h g J ourna r. says MI. Emmans,
what foundation we base our fear4sof a
real estate boom, and the profit de-
rived from picturing and repicturing the
panic Of 1898 that spread broadcast
thru our land and affected everything
and everybody alike, and now cast the
entire burden upon Minneapolis real
estate, which Jared no worse than many
securities, yet at that time had neither
city, nor country to back it? II the
whole country fell down once, aye twice.;
is she going to continue to lie there
forever, refusing to get up for fear
she will fall again? At present prices,
ask, fall from what9 -
| HFor instance, on the real-estate
page Of Jan. 7 you will find the fol
lowing from one of our prominent real
estate firms: ..-i
| I should dislike to see anything of a
speculative nature or a boom here be-
cause our past experience with booms Is
not encouraging for one to invest in
property equities. Simply to hold for
higher values is bad for any city when
the squeeze comes.
HDoes the writer mean to condemn
the husband and father for purchasing
a few lots to hand down to his wife
and children while. he can get them
both central and cheap, for their future
homes, or as an investment or specula'
tion9 IF you please, they WON'T burn
up or blow away, and will stand a
strong test with other securities II q
general disaster ever comes -s.--
FAgain, on real-estate page OF
March II you Twill also find the fol
lowing from another real estate firm:
The owner must elect whether he is
to sell now at the market price or hold
n for a larger amount, at the risk Of an
other reaction taking away the oppor-
tunity to sell. za
'eJust as if there was probability
that Minneapolis would cease to grow
or increase in population. There is not
much encouragement or inducement tt
be found in the above for eastern cap
ttalists, or even our own people, who
have upward Of $69,000,000 on deposi
Ii our own DAuKS, TO 1uVeSC SIudl
portion of it in Minneapolis real estate
"We must and do admit that ou
choice. central residence property II
this city is cheap, and limited largely
to a tract about one and one-half miles
in length, from Lake Of the Isles t.
Senator Washburn IS, and about on
| mile in width, from Thomas Lowry
| to Twenty street, and Their
| should not be perfect lot in this choic
II lonn HOT = H. had fo. 1aS
than $75 a front foot, and much Of j
! should readily bring $3.50 front foot
I repeat, $3.50 a front foot.
eePark avenue, -Washburn hill, Blals
dell avenue, Vine place, Clifton avenu
and Lowry hill rank high, and ther
prices should be $3.50 front foot TO
much of it, instead Of an approximat
Of $40 to $50 a front foot; and also i
this choice section and inside of liver
ty-seventh street, there are numerou
lots that can be purchased for 81 900
$40 a front foot; and $1,50O-$3O
front foot-Would NOW a heavy swat
in this same section. can furnis
fifty Of them myself in thirty minute
L within ten to twelve minutes ride frol
our business center.
: Is there any sound Of boom In tn
sell this choice central residence pro-
| erty for, or room to. tumble? IF s.
tumble from what9
We should not forget the East Sid
i Oak Park, Bryn Mawr section, Islam
Park known as Kenwood KnolD, Ca
j houn Park, Remington s and Baker
second, much Of which is good prope
ty, and also should have a merchan
able cash value, and until it has, hence
forth to all those who dread bool
| for fear of fall, / would like to II
Il peat fall from what?
Our newspapers will most hearth
| give us their unanimous support. III
1 bankers, too, and our business me
will also cooperate with us and giN
i as real-estate men, only cooperate wit
ourselves, own a piece or two of re