The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1856-05-29
Money and Busi ness.

In this city, money Is in demand, bat not at
rs high rates as during the winter and spring.
On small sums, Tor short time, IN and per
cent per mouth is paid. On large sums, twelve
mouths, per cent is the ruling rate. During
the spring, a large increase hs, been made TO
the banking capital Of the city. The increase
however, has had but little eject upon the rates
Of interest.
Business in st. Paul has never been 80 ae-
tive as during the period which has elapsed
since the opening Of navigation. On Third
street alone. from jackson street 10 the Wins
low house, the number OF new business houses
erected, and occupied, since the commencement
Of spring, is unprecedeutedly large, and exhib-
ih truthfalIy our progress and prosperity. In
other parts OF the city also, u large number oil
new houses. intended tor mercantile usrs. have
been erected.
Our dry goods, grocery, and commission
merchants. since the opening Of navigation,
have enjoyed season Of grea, prosperity.
Trade with the interior has increased beyond
the calculations Of the most sanguine.
st. Paul in its geographical situation is pc
caliariy adapted to the Wholesale trade. 1t ID
the natural reservoir for the trade Of q large
district Of country. Of great fertility, and one
which is filling up with an enterprisiug class oil
settlers II will be the fault Of our business
men alone, il this city does not become In time
the great trading mart Of the North West
The New York stock market Is at present
subject TO great fluctuations owing to the con-
Trajectory rumo1 IN reference to the dificul-
ties with England. The Time, Of the 7lst
says The prevalent belief, is, however, that
the settlement Of this point, either way. would
be- relief to the freedom Of business IN stocks
Other financial interests go on as il nothing
had happened merchant and banker feeling
equally Indifferent a. TO how mere question
Of diplomatic etiquette, which cannot, under
any reasonable management. lead TO serious
difficulty, is ultimately settled
The Secretary Of the Treasury has just CON-
Pisisd hfs report or tie saojecr "" ssdSs sud
banking 1t contains returns from 1898 banks
and branches up TO January lst, 1856, with re-
ported capital Of s343s74,212-s showing an
increase. during the year, OF ninety-one in the
number Of banks and branches. and OF 81 $685.
9s5 10 the amount Of capital paid. The specie
has been increased between FIVE and siX millions
or from 353, s44.546 to s59, 4O63, and their
circulation between eight and nine millions or
from SlsG,952,223 to Sl95,747,950. The
great increase Of capital has been 10 the East
ern and Middle States, and Of specie aud circu-
ation in the Southern and Southwestern
States In the Eastern and Western States
the circulation has been reduced The amount
Of capital invested in private banks and bro
kerage amounts to 1925 100000; Of which
amount Boston has 100000 New York
Sal 500, 900. aud Philadelphia 49,. OoO, O0O,--
The whole value Of the property Of TIE United
States Is estimated at sll,3i7,6ll ,O72, and
the present population at 26,964,3l2 The
capital employed in chartered banks in 1887
was over 290,00O,O00. The combined CAPT
tai at present is over s46O 100000, and proves
tina, banking is favorite as well ~ profitable
business. and does not need chartered privie
gts to generate or protect il.
ThompsonIs Bank Note Reporter quotes
land Warrants ~ follows