River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1883-06-21
MINNEsoTA,s CAPITAL,
Growth OF ST. PauI-Is Remarkable
Prosperity-Increa of Population
and Rusiness


Growth OF st. PauI-Is Remarkable
Prosperity of Population
and Business.
General John B. Sanb,rn, president ofthe
St. Paul Chamber of Commerce, delivered his
annual address before tat body few days
ago, in which are foundthe following facts
and figures of interest tothe citizens OF the
state at large:
THE cITY's GROWTH.
The past year has been ne or unusual growth
prosperity and development IN al parts OF Tue
country. In this city thehopes OF the most san
puiDe have been more thai realized. Our popula-
ton has reached nurbr between 10000 and
100000, estimated from u data A. our command.
The enrolment Of the hudreh Iof our SCHOOLS
which. in 1850, when by ne federal census We nap
A. 900 people. was ass, now reaches 500
The number of employs IN our manufacturing
establishments vas IN ESoe es Inc nJ ~ ,s
poyes 10 the wholesab trade in 1850 did no
exceed 1000. While in 50 the number was 4, GA
and now exceeds 5000. The assessed valuation q
property in the city With in 1880 was, for per
sonal property $S,s27 7a3s and real estate ~ 1.
O40,634 and in 1882 was Tor personal properly
SIo,O4O,53S and real state $50, 454 ,t99, hai
now reached, at fair valuation, tuuy sou, OO0,-
600. The amount Of business done through tnf
postofice has more than dsubiba SINCE lsSO Se
the rule may be applied toany or every brahcn o.
business and the same result IS obtained, w. INA
employed in it has more han doubled since th'
census Of 1880.
TRADE AM BANKING.
The increase in the VIII sesale trade OF ss3 oye
1881 is 500, 372, 49, fd the full details OF which
you are referred the annual report now ready to
distribution. While allDranehes OF business SHOW
wonderful increase. thit OF the wholesale grocer!
trade is most striking. from ls1S to 1881, I'M
trade had grown to $3.50. o0o for the latter year
hut in the single year Of 9S2 it leaped forward
$l3, 533 600, thus gaisng more IN single yea
than in the preceding thirty years Inc luIfDe
This trade also sprana forward to So, 439, 622
gaining more in one ytar than n all our previous
existence. This vast increase IN the volume OF Dus
ness required more hnking capital and create
facilities for its transaction: ana the capital III on
national banks. which vas s.. 100000 IN 1882, ha
been increased to $l7oO,oOO, with "a surplus 9
1870, ADJ. making al aggregate OF S5'ofo, 4oi
This excee Is by 81 ,4t2,979 the capital STOCK an
surplus of all the othe national banks of the Stat
of Minnesota as appeirs by the report of the con
troer of the curreuc. for 1857
After giving statement showing the aggregate
| of the capital stock and surplus of each OF Tn
national banks in the State outside OF St Paul. tn
| total amount being u, l67, 1921, Gen. Sanbor
continued: -
The capital of the tate banks 10 the city whicl
| In 1881 va $4,000 has now been increased &
| $780, 600, making tn aggregate banking capital 0
| the city at this time $6,270,43l. There are u
Minnesota twenty-foW banks, organized under n
State laws, with cautal stock of 81, 8 50, 700
which amount the hanks in St Paul have 500,
600, which leaves pr other banks 1883, zoe
which added to the efire amount Of stock and sur
plus OF national baIs outside the city, which /
| G4I67452 II, makes S., Sol, 202 II, or 1869,
| 22S less than the stotk Of the st. Paul banks Thi
| amount would seen mfflcent to transact al
| legitimate business uporsafe and prudent bushes
| principles.