Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-01-01

streets.
The gratifying exhibit made by our
banks in 1880 is eclipsed in the magnifi-
cent showing they make for the year
1881. In 1880 the combined capital, sur
plus and profits of our banks was So, $50, :
500. In 1881 they reached $4,451, 4l3, an
increase of S61S,913. In 1850 the average
loans was $7,50S, 4S9, and average de-
posts 81, 163,324. During the last year
the average loans was $9,4O5, 900, and
the average deposits go, 766, O76, an in
crease of $3,602,752 in deposits, and
81, ,511 IN loans over the previous
year. The aggregate exchange business
was SOS, 100000 in 1850, and $4,000, 600,
in 1881; an increase of s1O,OO0,o0O over
the business of 1850.
The wholesale business of the city dur
ing the last year was largely in excess of
the business of the year previous. The
grocery, dry goods, gram, hardware,
wines and liquor, boots and shoes, fuel,
and agricultural implements form, in the
order given, the leading features of
our wholesale trade, which aggregated
in 1880 about $3l, 900, 900, and during the
last year about $56,0OO,OO0, an increas @
during the last year of S25, 100000 o yer
the year 1880. From this increase, how
ever, two items of trade, not reported
last year which are included this year :,
make seven millions to be properly de-
Quoted, leaving positive net gain of
SIS, 000, 900 for 1851. The business trans
acted and the profits realized during the
last year has given our business men
confidence in themselves, in the perman-
ent character of the business field they
occupy, and in the future
expansion of our commerce in
such a ratio as the development
Of the great empire of which St. Paul is
the commercial center may justify. The
fact that our wholesale houses, transac-
ting a business of $50, OOO, 900, and our
banks doing an exchange business of
$4,000, 900, las against $50, 600, 900 last
year, during the year just closed, with
out single failure, is as astonishing as
it is creditable 10 the business integrity
and system which makes such showing
possible.
The prosperity Of our magnificent and
extensive railway system has kept pace
during the year with the growth of the
commerce of our city. st. Paul is essen
tally railroad center While the i'm
provement of the Mississippi river
for the commerce of the world
will add very materially to the
prosperity of our city, yet it should
not be lost sight Of that our grand rail
way system, penetrating as it does the
country to the north and west, east and
south, is the key. to the future of
our city. The exhibit of the manage
ment of the several roads which center
in our city, of last years business
is of highly gratifying character. The
st. Paul and Manitoba road has added to
its mileage during the past year 204 miles
OF new road, and ballasted and relaid
with steel rails several divisions of its
system. Since the organization of the
present company the mileage has
increased from less than 500 to
LOGO, its present mileage. The
financial condition of the com
pany is exceptionally good, its
gross earnings being estimated at SIS ,OOO,-
600, during the last year; while the land
now held by the company and land Sc
curities from sales of former years are
quite sufficient to liquidate large per
cent of its present bonded debt.
The Northern Pacific railroad has
added to its mileage during
the last year 22O miles
of new road, making total
mileage of 1854 east of the noun
tains, all in splendid condition, land fully
equipped. The company has under con-
struction, to be pushed during the pres
ent winter, several hundred miles beyond
the Yellowstone, and 1000 Chinese at
work under its own supervision on Clark's
Fork division. The construction COM
pany and the Oregon Navigation
company form a part of this
gigantic trans continental railway, and
what money and energy can do viii
doubtless be done by Mr.. Willard to con-
meet the 700 mile gap between the east
and west termini.
The c., st. P. 81 O. railroad makes a
fine showing for the year. 1t now oper-
ates I,O63 miles of road against $50 last
year. Its northern extension is within
thirty miles of Bayfield,, the northern
terminus. The gross earnings dur
ing 1881 were s3,75O,OOO, against
$3.50, 900 the year previous.
The St. Paul & Duluth road increased
its business about II per cent. during the
year, and made important improvements
on its dock property at Duluth.
The c., NJ. 81 St. p. company extended
its mileage 203 miles during the past
year, which includes its Council Bluffs
and western extensions.
The Minneapolis s. st. Louis road earned
during the year $1,000, 900 against $780,
900 the year before, making an increase
of $500. 900 over the previous years bust
ness.