Saint Paul weekly Minnesotian. [volume] (Saint Paul, Minn.) 1858-1859, 1858-05-29
Our shakopee Correspondence.
Village Observation-Disclosures advantages Of Shakopee-
Stores to let-Bank wanted-Capital Arriving, &C.
SuavOppr Nav 18th. 1898.

Village Observation-Disclosures advantages of Shakopee-
Stores to let-Bank wanted-Capal Arriving, &c.
SHAKorEE, May 10Th, 1858.
To the Editors Of tie Miamesotian:
As is perfectly natural during these quiet
times and in q town of this size, there is
much conjecture as to who your correspond
ent is : and the conjectnrers appear to have
very generally united upon friend of ours
of fair social and business standing in the
community whose name has been occasional
" mentioned in my communications but who
is at present in your city, attending the Epis-
copal Convention. 1t is barely possible that
they are mistaken, however, and since he nei-
ther acknowledges nor denies the charge of
being a chiel among us taking notes" it
still leaves them in doubt.
Having little or nothing else to do at pre-
sent, if they should apply their whole talents
to the case, they may yet be able to asc-r-
tain who we are.
Our merchants are returning from below
with their stocks of summer goods, much
lighter than those brought up last spring.
With our navigable facilities and natural
advantage of position, we could, if the capital
and material was at hand, command very
large extent of country West and Northwest
of us, and do large trade with those locali-
ties that is now done, of necessity, with Min
neapolS and st. Paul, at a disadvantage of
distance and higher prices charged for profits
to pay for difference in rent, cost of living,
etc.
There are several stores built and building
which are left at present unoccupied by the
changes which have taken place in our bust
ness houses, finely situated and adapted for a
wholesale and jobbing business, which, if
| filled, md the same amount of exertion applied
to obtain it, that those men employ in the
East, without realizing one half the net profit,
could do a very heavy business.
We desire, in this way, to call the atten-
ton of that class of persons now among us
or coming, with view of establishing such a
class of business, to these facts, and invite
their presence to examine and judge for them
selves.
We learn from various sources of large
sums of money that are daily arriving in the
State for loan and investments, and that the
rates Of interest required is about fifty per
cent less than those of last year. This is the
relief that We so much require to set our
machinery IN motion, and those low rates of
interest will restore the equilibrium of our
business system. The high pressure three
and half per cent per month fever of former
years, will not compel us to grade our prices
of everything to conform to that standard
and as consequence, our property of all
kinds will have a uniform value correspond
ing with that Of he other States
Sha opec is sill candidate for Bank.
We observe many little typographical err
rors that are allowed to stand uncorrected
in our communication, some of which entirely
destroy the sense of our meaning but these
are SO obvious that I trust to the good sense
of readers not to charge them to me- but to
the unruly types. GEoRGIus.