Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1883-06-16
MINNEsOTA's CAPITAL,
Growth of st. Paul-Its Remarkable
Prosperity-Increase of Population
and RusinnSS

Growth of ST. Faults Remarkable
and Business.
General John B. Sanborn, president of the
st. Paul Chamber of Commerce, delivered his
annual address before that body few days
ago, in which are found the following facts
and figures of interest to the citizens OF the
state at large:
THE CITY's GROWTH.
The past year has been one of unusual growth,
country. In this city the hopes of the most san
guine have been more than realized. Our popula-
ton has reached number between 10000 and
100000. estimated from all data at our command.
The enrolment of the children for our schools,
which. in 1880. when by the federal census we had
$4,000 people. was 4,33S, now reaches 6, go
establishments was in 1880, 6,029: the number
now employed is IL, 267. The number of en-
ployes in the wholesale trade in 1880 did not
and now exceeds 5000. The assessed valuation of
property in the city, which in 1880 was, for per
sonal property, $s.s27, 753, and real estate $21.
$1,000, 53s, and real estate $50, Asa .499, has
now reached, at q fair valuation. fully $o0.000.
Oo0 The amount of business done through the
postoffce has more than doubled since 1880. 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 and the number of persons
employed in it has more than doubled since the
census Of 1880.
TRADE AND BANKING.
The increasein the wholesale trade OF 1882 over
1881 is $40, 372, 495, for the full details of which
you referred to the annual report ready for
distribution. While all branches of business show
trade is most striking. From 1S4S to 1881, this
trade had grown to Sc, $4,000 for the latter year,
but in the single year of 1882, it eape6 forward to
$13,533, 600, thus gaining more in q single year
than in the preceding thirty years. The lumber
trade in 1881 had reached ST ,34S 000 but in 1882
this trade also sprang forward to So. 439, 622,
gaining more in one year than in all our previous
ness required more banking capital and greater
facilities for tstransactiou: and the capital of
national banks. which s., 20O,0 600 in 1882, has
been increased to $4,70O,0OO, with surplus of
$3.50, 43l, making an aggregate OF $3.50. 4S1.
This exceeds by 81 ,4O2,9 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 81. 167, 452.71, Gen Sanborn
continued:
The capital of the state banks In the city which
500, 600, making the aggregate banking capital of
the city at this time Sc. 27O, ADJ. There are in
Minnesota twenty-four banks organized under the
State laws, with capital stock of 81, S3, $780, Of
which amount the banks in St Paul have $780,
600. which leaves for other banks $1.633. ESQ,
which added to the entire amount of stock and sur
plus OF national banks outside the city, which is
81, 167, 452.71, makes So, sol ,202. II, 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
principles