Kimball enterprise. (Kimball, Brule County, Dakota [S.D.]) 188?-1883, 1883-06-22
MINNESOTA'S CAPITAL,

Growth of St. Paul--Its Remarkable
observation-disclosures OF Population
and Business.
st. Paul Chamber of Commerce, delivered bis
annual address before that body few days
ago, i'll which are found the following facts
and figures OF interest to the citizens OF the
state at large:
THE CITYS GROWTH
The past year has been one of unusual growth,
prosperity and development in all parts of the
country. In this city the hopes of the most san
gune have been more than rcalized. Our popula-
tion has reached a number between 10000 aud
100000 estimated ito.c all data at our command.
The enrolment of the children fur o"r schools.
which & 10 ss0 when by the the federal census we @ had
The number Of employees in our Misunderstanding
establishments was in 1850: 6.o29: the number
exceed 1000, while in ss2 the number was 4 ,6s4
and now exceeds 5000 The assessed valuation OF
property in the city which in 1880 was. for per
sona property. $s.s27,753, and real estate SOL
O40.634, and in $50 was, for personal property,
$lo.040,53s, aud real estate 800, ,454 ,499, has
now reached, a. a fair valuation. fully S0O0OO-
600 The amount of business lone through the
postotfce has more than doubled since 1850. So
the rule may be applied to any or every branch Of
business. and the same result Is obtained, viz that
the volume OF business aud the number of persons
employed 10 il has more than doubled since the
cenSus OF 1850.
TRADE AND BANKING.
The increase N the wholesale trade of 1882 over
1881 is S2u,37 ,49;,, for the full details of which
you referred 10 the annual report now ready oI
distribution. While all branches of business show
q wonderful increase that of the wholesale grocery
trade is mos: striking. From 1S4S to 1881, this
trade had grown $6, 900 for the latter year,
but in the single year of 9S2, it eapeG forward to
SlS,h33 600, thus ganug more in single year
than in the preceding thirty years. The lumber
trade in SSl had reached ST 900, but in 1882
nicp ard n "
gaining more In year than in all our previous
existence. This vast increase in the volume of busi-
ness required more banking capital and greater
facilities its transaction: and the capital Of
national banks. which was S.. 100000 in 1882, has
been increased to S4,7O0,OOu with a surplus OF
XS70,43 making aggregate of $500 43l
This exceeds by Sl.4O2,970 the capital stock and
of Minnesota, appears by the report Of the con-
troer Of the currency for 1882.
After giving statement showing the aggregate
OF the capital stock and surplus OF each OF the
national banks in the State outside of st. Paul the
total amount being $1, l67, ,i5271, Gen Sanborn
continued:
The capital of the state banks in the city which
STOU,00o. making the aggregate banking capital of
the city al this time $6,27O.43l. There are in
Minnesota twenty -four banks, organized under the
State laws, with a capital stock of 81 333,T5O. OF
which amount the banks in st. Paul have S7OO.-
900, which leaves for other banks &l.633, $50,
which added to the entire amount of stock aud sur
Mus OF national banks outside tho city, which is
$4.167,452.7l, makes IS, SOL ,202, a, or S469,-
22S less than the stock of the st. Paul banks This
amount would seem sufficient to transact all
legitimate business upon safe and prudent business
princiules.