Saint Paul weekly Minnesotian. [volume] (Saint Paul, Minn.) 1858-1859, 1859-04-09
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st. Paul as Jobbing Point---Ss. Pau
Absorbing her Contemporary Towns.
In the days when speculation was rife, ant
everything in business point of view was 0
the brightest Colour de rose, there were variou.
towns in Minnesota disputing the pre-eminenc.
of st. Paul as the Metropolis of the State anc
of the Northwest. In those days though
everybody came first to St. Paul, yet many
were dissatisfied with the state of things they
found existing here. "Lots were too high,
said some :" the place was overdone," sail
others; while others remarked, "why should
we stay here and pay these enormous advan-
GERS an 81 20 per acre-let us 60 elsewhere
and build us cities and reap the cream of the
the thing ourselves"
And so,many scattered in various directions.
Towns and villa ses sprang up over the land.
Some were judiciously located and necessary
country, and they consequently prospered !;
others were plated where there was a good
place for town." but where no town Was
wanted; and after the first spasms which
dev Hoped store, tavern, and a dwelling
house or two, they stood still, monuments Of
paper grandeur and of the Surveyors compass.
,.sa general thing however, theS various towns,
bad Al I'd good indifferent, all expanded beyond
the want, Of their respective locaitics-wcre
ahead ofthe country surrounding them-and
when the Panic came and money and immi
grafton ceased to pour in, their main source Of
support and growth was cut off and they
stopped suddenly in their career, to Wait
for new moving Of the waters of speculation
and immigration to be healed.
St. Paul only stood and still stands the
shock without shrinking. More than this,
even. The panic has actamtly benefited her,
and scM still further prosper her! 1t has
shown her, in the midst Of disaster that has
arrested the growth of other places, to b.
possessed of a vitality which resists killing
entirely: of which over three hundred houses
built last year, and double that number
promised the ensuing season, are striking evil
dences.
More than this the panic has established
St. Paul as the Jobbing and Wholesale Mart
of Minnesota. Intne years Of expansion and in
discriminate credit it was easy for every small
town to have its Merchants and Storekeepers
who dealt directly with New York, Philadel-
phia, Boston, Chicago or ST. Louis. St. Paul
was then passed by; and cities wherein
goods could be obtained on longer credit
though not at lower prices, supplied the inte-
rior of Minnesota with merchandise. But
the Merchants of the Eastern and Southern
Giles have not found the old method of doing
business topay in proportion to its extent
The Panic brought them to realizing sense
of the danger aid insecurity of indiscrimin-
ate credit, extended over great spaces Of
country. The times and its results have COM
PEELED them to come down nearer to the cash
basis and it is no longer possible for men in
the speculative towns Of new country to
food the country with goods, most OF which
new country could have dispensed with and
certainly could not pay for.
But the consequence of a return to the
casl, basis is more careful business suited
to the real wants of the interior; and, as
New York, Boston, Philadelphia, Chicago
and ST. Louis, refuse any more to credit
large stocks of goods merely for the asking,
st. IRam is applied to instead to furnish them
IN smaller 0ts for the cash! During the
year past ST. Paul has seen developed in her
sheets almost new business. Hundreds of
thousands of dollars Of goods have been sold
to the interior lows and country, in small job
bing and assorted lots, which before went d.
rectly east to be supplied: and this business
has been none almost entirely for cash: our
jobbins houses purchasing low for cash and
selling in the same way. In dry goods,
shoes, groceries, &C., &c, We do not exagger-
ate when we say, that the goods have been
furnished to country merchants at lower fig
ures than they could have gone directly to
the great cities and purchased and got them
to their destination, including their personal
expenses in the account. Purchasing in ST..
Paul, also, they are comparatively near their
sources of supply: and they replenish stocks
little at time and often.
Such are few of the facts which are making
St. Paul begin to emerge triumphant from
the smoke of the battle wherein defeat and
disaster has 0yertaken the most of its con-
temporaries. Such are the facts which are
causing the erection Of so many and so costly
business houses, at this time. The great me-
tropolitan commercial character our city is
definitely determined. 1t has confessedly No
rival in Minnesota. This much is plain to
everybody. So plain is it, tina. we are now
witnessingthe curious phenomena Of St. Paul
absorbing within its streets and precints
much of the pith and marrow of contempo
AIRY places. The business and professional
men and mechanics Of the interior towns are
actually coming with rush into ST. Paul
and this to so great an extent that DWELLING
houses of any decent pretensions are growing
scarce for renters; and We feel assured tina
that no investment would pay better than tn,
erection of moderate priced semi genteel resi-
dences. 1t seems to US, also, that the in
coming tide into st. Paul, from our own in
terror towns, has but commenced. We hea
daily of contemplated removals to our ow
city, by men of all classes: who have littl
or nothing to do in the Cat presently finishe