St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-06-02
COMING OUT OF The CLOUDS
The Dawn of Better Times Is BEGINNING
to Be Seen in Rapid City.
THE RESERVATION IS A HELP
Great Success in the Tests for ReduC-
ton of Ores by Prof.
Clark.
Special to the Globe.

Special to the Globe.
RAPID CITY, OAK, June 1.-The
first faint glimmer Of the dawn of bet
ter times now appears, and the gloom
that has prevailed in business circles in
Rapid City bids fair to be soon dis
PEELED. Steadily since the fall of 1886
times have grown harder and money
tighter, until the survival of the fitteSt"
seemed to be the ultimate outcome of
the universal pinch. But the people
here have kept up courage that bord-
cred on heroism, and even when the
hour was the darkest and hope seemed
most useless. they looked forward with
a cheerful expectancy to the future.
There have been many causes for this
closeness of money and depression of
business, or rather, the unpleasant sit
uation has been the direct result of a
combination of a number of causes.
But even fools profit by their own ex-
perience, and as the men who have
built this town can readily lay claim to
average intelligence, the inference is
fair that the lessons of twenty months
Of tight money and slack business have
not been lost. The benefits of this ex-
perience are apparent. Two years ago
Rapid City was in all the
AGONY OF A BOOM"
Any one who was not here can hardly
appreciate the situation at that time.
In few short monUhS-leSS than one
summers time-the town grew from
hamlet to the proportions of a city.
One of the features of the growth was
liberality in business transactions al
most incredible. The men who were
most interested had accumulated their
money here. and they spent it here
The reaction was natural, ard the evils
of the liberal course of business during
the summer became apparent early in
the fall, when short time notes began to
fall due, and the scarcity of money
commenced to manifest itself. Since
then everybody nearly has been work
ing to get 'out of the hole" This is
now almost accomplished. Business is
getting on
A CASH BASIS,
and as everybody, with but two or three
eXceptionS-and they Insignificant ones
has Weathered the storm, the hope for
better times is well founded. Two
things are responsible for the present
indications of boOm-the opening of
the reservation and the recent Ameri-
can house fire. The passage Of the
reservation bill brought an encourage
ment to the people here that can only
be understood by those who had for
years waited for some action to be taken
in the matter, knowing that their pros
perity almost completely depended
on it. The effectof the American house
fire is to be more Immediately felt. At
the time of the blaze, the Pennington
County bank, then incubating, was
negotiating for portion of the old
frame building. The fire ended this.
On Tuesday the bank, now established,
bought a lot on the corner and COM
menced at once to remove the ruins.
A fine stone and brick building will go
up there. On'the corner of the same
block, diagonally opposite, for two
summers a fine foundation for brick
block has stood vacant. Now the Black
Hills National bank has interested it
self and a contract has been let to sur
mount that foundation with handsome
brick block, the corner room to be oc-
cupied by the bank. This will give the
central business block of Rapid City a
bank at each Of three corners and a
fine hall at the fourth. In addition to
these blocks great many residences
are being built, more than a dozen