The Dickinson press., 1883-06-23
CAPITAL,
Growth of St. Faults Remarkabl
Prosperity-Increase of Populatio

Growth OF St. Faults Remarkable
Prosperity-Increase of Population
and Business.
General John B.. Sanborn, president ofthe
st. Paul Chamber of Commerce, delivered his
annual address before that body q few days
ago, in which are found the following facts
and figures of interest to the citizens OF the
state at large:
II CITY'S 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
euine have been, more than realized. Our popula.
ton has reached a number between 10000 and
Thu enrolment of the children for our schools,
which. in 1850. when by the federal census we had
$4,000 people. was 1885,, now reaches $3.50.
establishments was in 1880. 6,O29: the number
now employed is 12,267. Tho number of en-
ployes in the wholesale trade in 1880 did not
exceed 2,ooo, while in 1882 the number was 4. Gs4.
and now exceeds 5000. Tho assessed valuation OF
property in tho city, which in 1880 was, for per
sonal property. SIS ,753, and real estate $21.-
O40,G34, and in 1889 was, for personal property.
$l0,O40,53S, and real estate S3O,454,499 has
now reached, al a fair valuation. fully 500. OOO,-
300. The amour. Of business lone through the
the rule may be applied to any or every branch of
business, and the Same result is obtained, viz: that
the volume Of business and the number of persons
employed i'll it has more than doubled since the
ceusus Of 1880.
TRADE AND BANKING.
The increase in the wholesale trade OF 1882 over
1881 is S2O,372,49j, for the full details OF which
you are referred TO the annual report now ready fol-
distribution. While all branches of business show
a wonderful increase, that of the wholesale grocery
trade is most striking. From 1918 to 1881, this
trade had grown to $6,35O 900 for tho latter year,
but in the single year of 1882, it leapeG forward to
S13.533, 600, thus gaining more in a single year
than i'll the preceding thirty years. The lumber
trade in 1851 had reached ST. % Is, 5000, but in 1889
this trade also sErang forward to S3,439, G22,
gaining more in one year than in all our previous
ness required more banking capital and greater
facilities tor its transaction: and the capital IF oul
national banks. which WAS s.. POO, UGO in 1882, has
been increased to ST., 100000, with a surplus OF
SS7O,l3l. making an aggregate of T5.5 1O,I3l.
This exceeds by %l,iD2,379 the capital stock and
surplus of all tho other national banks of the State
of Minnesota, as appears by the report of the con-
troilcr oil the currency for 1882.
After giving a statement showing the aggregate
of the capital stock ana surplus of ZACH of the
national banks in the Stat. outside of st. Paul, tho
total amount being 81, 167,452 "a, Gen. 6anborn
continued:
The capital of the state banks in the city which
In 1881 va, 100000, has now been increased to
100000, making the aggregate banking capital of
Minnesota twenty-four banks, organized under the
State laws, with II caIital stock of 80, 3 SO, 750. OF
| which amount tho banks in st. Paul have $780,
600, which leaves for other banks $1.633, $50.
which added to the entire amounto OF stock and sur
plus of national banks outside tho city, which Is
Sl,l67,452.7l. makes $5,SOl, 200. n. or $l69,-
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
principles.