The Minneapolis journal., 1906-05-20

O.. Z. SAWYER COMPARES REAL
\ ESTATE CONDITIONS.
Ideal Climate, Growing Business,
Plenty Of Room for Homes for All,
and Other Considerations Show that
Minneapolis Is Ideal City in Which
to Locate. H.~ d.
Charles L. Sawyer IN the Commercial

Charles l. Sawyer IN the Commercial
Do our Minneapolis> people fully an.
preciate the fact that we are the center
Of ten railroad systems, three being
trans-continental lines3 There is no
other point in the northwest where q
like number Of railroads can be COM
bined, from the fact that no other CEN.
ter has has such a vast area tributary
to it. There is no escaping the fact
that these form a nucleus for the entire
northwest. -. - ~ J"
The Nails Of st. Anthony are better
ital. Our -four output for 1905 was
output was nearly $2oo,0oo,ooo last
year. Our lumber cut was 96,000,000
feet. This work was nearly all the re-
suit of our natural water power. The
above facts form nucleus sufficiently
important to insure us q prosperous
and rapidly growing city. !,
$136,0O0000, which has increased In
we had fourteen public schools, last
year sixty-two, with an enrolment of
$4,000 pupils. Our postoffice receipts
in 1886 were $4,000, last year they
were $1,l90,OOO. Our bank clearings
last year were about 100000. Our
jobbing trade last year was nearly
00,000,000, with prospective large
increase for the coming year. Our
wheat receipts in 1880 were d9,ooo,ooo ,ooo ,ooo
bushels.
Values Will Go Up. .... ..
In the light Of these figures, it is
plain that Minneapolis men can bank
on prospective values for their real
| estate. A corresponding increase in
business for the next ten years cannot
with it. Our people are too bearish
when considering market values. The
! time is past when the purchase value of
piece. Of real estate is to be deter
mined alone upon the basis Of present
income. The writer has recently inter
. viewed several tourists who have re-
turned from California. Without ex-
ception, they speak Of the enthusiasm
displayed, by the people of the coast
with respect to their own cities and
private interests. The secret of their
success is not in their superior climate
or in any advantage which they have
| in position or volume of business, but
springs largely from their own conf
! dence in themselves. - - "
4 zess;",,.t,o~ Faith In City. ~
We should believe in our own city
and it. is the purpose Of the real estate
I which in themselves are convincing. T,
,, is not necessary for us to. exaggerate
single, point. A statement of our owr
resources and advantages should con
vince. the most skeptical Of the F}}rea
! value, Of our city. Many have won
1 dered why. outside property has sold Al
! SO low a figure. 49,. .'.' y -
i =. 81 Ill -Sk.
consider the fact that we cover an area
1 Of fifty-three square miles while Kan
i sas City, which is municipality of tht
same grade and number Of inhabitants
T has, an area of only twenty five square
| mile. While this fact is seeming Gis
advantage, it is nevertheless greatly IL
our favor, from the fact that all dis
tricts within the city limits are amply
I supplied with street car service SO tha
F access can be had to the renotest part
Of the corporation limits and the work
ing man can obtain the land on which
to build at an exceedingly low fgur
and have all the advantages Of a bimila
home in the city covering one-half tn
area where his building site would con
sequently cost two or three times tn
price he pays here. =. Il, =.
) Loans Work Injury.
! OQe OIQ6I. gCOHSlQeTdIlOH lldS lcuuc'
to decrease the value of our residenc
property, and that is the fact that il
former years some of our own agent
who were more active than sagacious
placed loans based upon inflated value
in the hands Of eastern investors. IN
natural result was that for the last fey
years these properties have been fore
closed and thrown upon the market b.
non-residents who were not desirous Q
holding real estate outside Of their ow
city and state. :, This has caused th
supply. to exceed the demand. M
fact, however, is not unalloyed wit
good results, as it has enabled our ow
Residents to obtain improved propertie
for homes at a nominal figure, altho
doubtless has resulted in a loss to thos
who held the original mortgages. FGo1
these conditions we are fast recovering
and after a few years people who bu
real estgcs here will have to pay NOR
nearly its real value, and a healthie
condition Of things is being brough
about, whereby the investor may max
money on real estate as he has not bee
able to do in the last few years 3sS'