Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-25
The Advantages Which st. Paul Offers
Fer Treating Precious aud other
Metals.
INES AT OUR VERY DOORS.
The Product TO be Had in Unlimited
Quantities For the Asking.
Sufficient Enterprise to Seize the Gold
en- Opportunity.

ANsNA'
destined i'll the near future to transform
the twin cities of st. Paul and Minneapolis
located at the head of navigation of the
grandest and most important of the inland
waterways of the world; occupying the site
of the geographical center of the continent;
the gateway TO the great Northwest; an
empire IN extent of the most prolific soil
that ever invited development, with a
producing area of sufficient capacity
to furnish bread to the world; immense
forests of the choicest and most useful of
woods, inexhaustible mineral deposits,
widely extended stock ranges, great rivers
and lakes, grand scenery, and climate of
unexampled healthfulnesS-wit a pres
ent combined population of between 49,,
900 and 100000, into one great munich pal
ity, in extent of territory, population,
variety and importance of its industries,
qualifications of its trade arteries, magnifi-
cent business structures, elegant private res
licences, grand public edifces, wealth, refine
ment and energy of its people, and the
grandeur of its natural scenery and extent
of artistic development, riyaling that of
any interior city on the continent, not ex-
cepting the Aladdin like Chicago, our own
people and the army of outside capitalists
who are focking here either for the pur-
pose of becoming residents, or for the in
vestment of their surplus millions, are
COMPOUNDED with the multiplicity of OBJ
Jects, the Babylonic press upon their minds
OF industries requiring immediate devel-
opment and offering most satisfactory re-
turns.
Getting down to an attempt to examine
the subject in detail, parties looking for
locations and for investments are confront
ed with the spectacle of an over crowded
city. They see all the business blocks and
residences occupied, and resident mer-
chants and manufacturers clamoring for
more room to enable them to keep pace
with their rapidly Increasing business, and
hundreds upon hundreds from other locali-
ties anxious to locate here, unable to do so
for the want of the necessary structures.
Naturally, with such condition of affairs,
the thought is forced upon their minds that
the construction OF the great business
blocks so badly needed; of the immense
warehouses soon TO be required, conse-
qUent upon the completion of the Northern
Pacific railroad, making this city the great
distributing point of the commerce of Chi
ma and Japan with America and Eu-
rope, and of the thousands upon thousands
of dwellings imperatiyely needed for the
sheltering of the merchants, manufacture
ers, mechanics, professional men aud
men of wealth, who desire to locate here,
IS all that could be desired in the way of
investment
But as they look around they are con-
fronted with other opportunities for in
vestment which seem 10 hold out special
Inducements and offer greater returns, and
thus it is that by the very multiplicity of
The profitable undertakings presented, and
the very apparent pressing urgency of all,
that they hesitate and some of the most
important needs of the city-many that
ought to have been under
taken long ago-have been tenn
porariIy overlooked and neglected.
1t is not the purpose OF this article to
attempt to enumerate in detail the most
pressing needs of the hou r, but to briefly
invite attention to one of the many that
cannot with safety be much longer post
poned, that is essential to the future of the
city, and shat offers permanent and rich
returns to those embarking in it.
PRECIOUS METALS AND THEIR REDUCTION.
The present rush of immigration into
the great Northwest is due almost entirely
to the cheapness and amount of desirable
land available for agricultural purposes,
and while this source of wealth alone is
merely touched upon, as yet, leaving an
area of equal fertility and availability and
many times greater still to be developed,
shrewd business men and capitalists have
been quietly but Systematically engaged
in prospecting and developing the richness
of the great mineral deposits in the coun-
try bordering on Lake Superior on both
sides, and extending across the continent
which regions are penetrated by the Nor
tern Pacific railroad and its branches. 1t
is not necessary here to go into details in
reference to the mineral productions of
California, Nevada and Colorado, where
the greatest gold and silver output has been
secured, or the more recent developments
in Montana and the Black Hills region of
Dakota. As an indication of the wealth
of the latter section, and its rapid develop
ment 1t well not be out of the way to men
ton the fact, that one Of the principal
mines, the Father De Smet, was offered to
citizen of st. Paul in 1866 for $4,000; in
1877 it was sold for 100000, and a COM
pany with a capital of $1O,OOO,OOO
was organized to operate it, since which
over $3,00O,000 dividends have been de-
clared, and the stock is now quoted at S34
per share. Neither for the purposes of this
article is it necessary to attempt to present
any facts to show that mining is profitable
the history of the Mackeys, the O'Briens,
the Foleys, the Floods, and this great army
OF bonanza kings, tells the story-but the
following extract from the Mining Ledger
with reference to mining in the United
States, will not be out of place: For the
thirty years ending 1880, the money in.
vested in mining t. precious metals
buying mines, labor and machinery, is es-
timated at $7OO,O00O0O. For this expend
iture we have ret. Of values-valuef
can be converted into cash at sight il
rnines-mills and actual cash received Of
$1,2O0,OO0,00O, which is over 800 per cent
on the investment as actual profit OveI
half of this profit has accrued within the
past twelve years. The next five years