Daily globe., 1883-06-12
Lumberman's National bank of Still

tai. $4,000 90
Surplus. NEUTRALITY-SUSPICIOUS.. 10000 90
Second National bank of WInona,
capital ...... 100. 600 90
Surplus. $4,000 90
$4,l67, ,452 II
The capital of the state banks in the
city which in 1881 was 100000, has now
been increased to S7O0.OOO, making the
this time $6,270,431. There are in Mime
sofa "a banks, organized under the state
laws, with capital stock of $2,333, $50, of
which amount the banks in st. Paul have
100000, which leaves for other banks ST.
633, $50, which added to the entire amount
of stock and surplus of national banks
outside the city, which is $4,167, ,452.71,
makes $5,801, ,2O2.71 or $4G9,228 less than
the stock of the st. Paul banks. This
amount would seem sufficient to transact
all Legitimate business upon safe and pru-
dent business principles.
For city with so much business and
capital it must be said that our public
improvements though great and many,
in proportion to our growth, progress
slowly. Yet great progress has been
and is being made. Sewerage has been
provided for all the more thIckly settled
portions of the city; a system of water
works has been projected and adopted that
now supplies large portions of the city
with water, and will soon supply all por-
tions; street paving is progressing rapid
ly, and stone sidewalks have been adopt
ed by some property holders, and ordered
upon all streets where large business is
transacted. A large we'll con-
structed market hall, an ele-
CANT high school building, and
house of correction have been built, and
provision made for the erection of a court
house and city hall commensurate with
the future greatness of the city. With all
these expenditures taxes have been kept
at a moderate rate, and the public debt
has not reached per cent. of the value of
property subject to taxation.
The early reputation Of our climate for
salubrity is sustained by all correct vital
statistics. and our city has been perfectly
free from all epidemics and extraordinary
diseases during the whole period of its ex-
istence.
The incorrect deductions of the national
board of health, as published in the Sdni-
tGry Engineer, is drawn wholly from an
absurd estimate of our population. It
would indeed be true that if fifty thousand
people could furnish the twelve thousand
school children, Catholic, Protestant and
all classes that attend the various schools
of the city, could manufacture commodi-
ties of the value of S23,000,O00 year
could purchase and sell $1O0,O0O.000 of
merchandise annually, they could well af-
ford to die twice as fast as other people,
for they certainly would live more than
twice as fast. The fact must remain the
same with all having any personal knowl-
edge, that whatever the estimates and
figures of official books may show there is
no healthier climate or city in the world
than ST. Paul.
There seems to be but little just now in
this city requiring the Immediate special
attention of this body. new state capi-
tol building has been completed the
erection of a new court house and city hall
has been provided fora new, and in all
respects, first class opera house will soon
be completed-a new hotel, equal in all
respects, to the best anywhere, fully
planned, and arrangements made for its
completion by the time that the travelling
classes will commence to make their trips
to witness the great natural wonders of
Iu0 161lOWSIOuo pam. hSduS pIONlQcu W
erect chamber of commerce building
when you shall consider the time oppor-
tune. the Improvements of streets, side
walks and parks, gong forward as fast as
the public requirements demand upon
| economical basis and sound principles,
the commercial supremacy of the city Sc
cured, railway system fully developed
and in operation, all having their head
quarters buildings in this city, that recog-
nizes all our rights and claims, including
the headquarter buildings of the Manitoba,
Northern Pacific, Omaha and Duluth COM
panies, connecting rs by through trains
with the commercial cities of all the ad
| joining states and territories, with the
lake ports of our great inland sea and the
shores of the two oceans; with a system OF
common schools unsurpassed, where the
increasing numbers of our children may
be early and properly educated; with an
abundance of church edifices to meet the
demands of every sect and creed, it would
Seem that some of US who have been long
III the l. .rEess might be withdrawn and
take desired if not needed rest.
The future of the city is assured. The
dream of its early founders is already more
than realized, while the future is brighter
with promise than ever before. We find
ourselves as If by magic placed on the most
expeditions and economical line of trans
portation of that commerce that has built
up all the great commercial cities OF
ancient and modern times; that commerce
which built up the prehistoric cities OF
Troy and Smyrna, from which rose TO ia.
nous commerce, wealth and power Nine
yah on the Tigris, or Babylon of fabulous
riches and splendor on the Euphrates
which has many times restored Smyrna
from desolatlon, built Rome, and FOR three
centuries has poured IFS gems and gold, it:
merchandise and wealth into the lap OF
London, and made her the greatest of mod
ern cmmercial cities. By the completion
of the Northern Pacific, We are brought
nearer in point of time for. and expense Of
transportation to the products and com
merce of Japan. China and the eastern por
ton of the Indies than was Ninevah, Baby
Ion or Smyrna in the days of their glory
and power. If our statesmen can devise
some plan whereby our supremacy in The
carry ing trade of the Pacific ocean can b'
established and maintained, there is ne
reason why we should not seize upon, anC
henceforth control that commerce which