St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-28
ST, PAUL NEWS.
ST.PAUL'S PROGRESS.
Annual Report of President
Sanborn to the Cham
Der Of Commerce.
A Highly Gratifying Record
For the Past Twelve
Months.
Growth of Our Wholesale Trade and
Manufacturing Industries.
Our Business Buildings Equal to Those Of
Any Other Metropolis.
The Auguries of the FutureA Few Per-
tinent Suggestions.
Growth of Our Wholesale Trade and
Manufacturing Industries.
Our Business Buildings Equal to Those of
Any Other Metropolis.
The Auguries of the Future--A Few Per
tinent Suggestions.

AT the regular meeting Oh Ine DOdru VI III
rectors os the st. Paul Chamber of Commerce
held last Monday morning, the president,
Gen. John B. Sanborn, presented the fol-
lowing annual address:
Gentlemen of the Board of Directors:
The year has been one Of unprecedented
activity, and we hope, of unprecedented
usefulness of this organization.
The modification of our bylaws in such
manner as would authorize you to raise
means to purchase a suitable building site
and construct chamber Of commerce build
ding; reorganization under these amended
bylaws; securing perpetual member
ships and providing means to
purchase a building site; con-
sideration an adoption of plans for the new
building; forming and giving expression to
proper public sentiment in regard to local
and public improvements, and the best time
and manner of their construction; careful
examination Of the general plans and policy
of the federal government in making i'm
provements to cheaper transportation OF
commodities between the various seaports
and the interior of our continent, by extend
ing and improving the manageable water ways
possible to assist the proper officers to reduce
the expenses Of the city government to the
lowest point consistent with due
protection to person and property, with
a view to diminish the rate Of tax
alton; giving suitable tone and emphasis to
the great event of the decade in the north
west; the completion and opening to traffic
of the Northern Pacific railroad from this
city to the navigable waters of the Pacific
ocean, and giving due publicity to such eX-
preston in connection with a history of our
vast growth and present condition; raising
and forwarding money and other substantial
aid to the many sufferers by extraordinary
storms-constitutes some of the matters
which, in addition to the minor details Of
business attended to at all your regular
meetings, have received your attention the
past year.
twill demonstrate your public spirit, as
well as that of our people generally, to refer
to the fact that in our Membership of the
board of directors of 40, of which majority
of all is necessary to transact business, and
under bylaws requiring a meeting every
Monday morning at o'clock, quorum
has responded at the roll call of that board
IN every Monday morning of the year.
such men deserve success and fortunate is
the city that includes them among her citi
Zens.
THE FINANCES.
The financial operations of the chamber
were much larger in 1888 than for any pre-
vious year, but were attended with no fric-
ton or trouble. The receipts from all sources
not including money raised for charitable
purposes, were as follows, viz:
Fines ......................S 62 90
Rents. OBSERVATION-DISCLOSURES. 1888 "a
Annual membership. ........... 80. 1,055 90
Perpetual membership. .......... $500 90
First call of so per cent of bonds of
perpetual members. ............... 10000 90
Old paper sold. ........... .......... 10
Aggregate receipts. ...............S3 81, 459 81
The disbursements for the same period
have been as follows, viz:
Indebtedness paid. S2,409 66
Rent. NEUTRALITY-SUSPICIOUS.. 1000 90
Expenses other than salary. ......... 1,553 SO
Salary of secretary. Observation-Disclosures. 95S 33
For real estate building site) ....... $4,000 90
Building account. Observation-Disclosures. 12T so
Leaving cash on hand lin bank. ..... 41O 90
ss1, 459 81
The estimated amount required to meet
all the demands upan the chamber the cur
rent year are as follows, Wis:
Expenses of the Chamber, including
the salary of the secretary. ........$ 5000 90
Rent for present premises. .......-.. 1900 90
For construction of new building. 100,O 900 90
S1O4, 200 90
The estimated resources for 1884 are as
follows, viz:
Annual memberships. ...............S 1000 90
Perpetual membership assessments. 1000 90
Rents. Observation-Disclosures. 1900 90
Bonds agreed to be taken by present
perpetual members. .............. $4,000 90
First mortgage on building and site. $4,000 90
Amount of deficit to be raised from
additional perpetual members, or
from additional bonds taken by the
present perpetual members. ....... 1890 90
S1O4,2OO 90
1t is estimated by our building committee
that the rents of the new building will pay