St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-04-16
TO INVITE INDUSTRY.
The Industrial Union Talks Of
It's Big Work on
Hand.
Henry Willard Counsels Firm
Reliance on Local
Capital.
The Double Utility of Elec-
trielty: Power by Day,
Light by Night.
A Question Box ON the Sub
jeets of Reciprocity and
Finance.

Upwards of 500 of the most promi-
nent citizens of st. Paul turned out at
| the chamber of commerce last evening
to attend the regular meeting of the ST..
Paul Industrial union. Upon the stage
were President Marvin, Of theindustrial
union, Henry Willard, Rev. S. &. Smith.
| Frederick Driscoll and Capt. Russell
| Blakely. The meeting was opened with
a brief address by President Marvin,
who, in few we'll chosen words, out
line the objects of St. Paul's new in
dustrial .corporatiOn-the st. Paul In
dustrial union. He closed by intro
ducing Hon. Charles n. Bell as one of
the chief originators of the new project
to tell something in detail of the new
organization.
MIR. Bel! Talks.
"The pioneers who came to st. Paul
thirty years ago." said Mr.. Bell, 'are
the men who made this movement pos
! sibie and laid the foundation for it. The
men who worked and waited here in
| early times deserve the credit Of it all.
This movement has now reached point
where our energies should not be used
! entirely for speculative purposes, but to
| build up here manufacturing and
commercial center. This movement, in
fact, is largely due to the enterprise of
Mr.. Willard. who had the ability and
| the enterprise to raise the funds and to
construct that great highway to the Pa
cific, the Northern Pacific railroad. We
hope that this movement will be an adj
as our sister city. 1t may
seem strange that community
hitherto largely devoted to speculative
enterprises should at this time have
such fever in the direction of develop
ing manufacturing and industrial en-
terpriSeS. But all pioneer cities must
pass through this speculative age, and
it is only when people no longer are
birds of passage and decide to make
their homes in a place that they begin
to think of the solid growth of their
1 cities. That time has now come for st.
Paul and Minneapolis" Mr.. Bell
closed with the prediction that the St
| Paul Industrial union would perform
great service for the city.
MIR. Driscoll Explains.
With very neat speech in which the
| new Manufacturers Loan and Invest
ment company WAS mentioned, Fred
erck Driscoll ST. was introduced to eX-
plain tile details of the scheme.
1.-The object of this corpora
tion." he said, sis to aid and
| promote manufacturing enterprises.
The capital is placed at S1,000.000, and
any amount of stock, from 500 up, may
be subscribed for and paid up in fifty
months, at the rate of per cent a
month. 1t needs no oratory to convince
| YOU that this enterprise is necessity.
st. Paul has for thirty years been
known as the greatest commercial cen
| ter northwest of Chicago, but commerce
alone does not build up a great city. A
| wholesale house may do a business OF
| 100000 and employ less than fifty
| men; a manufacturing enterprise which
! did half that much business would
| probably employ ten times as
many. This corporation is really
a great savings and investment com
pany. Every stakeholder will have an
interest in probably fifty business enter
| priSeS and not more than $4,000 will
| probably be risked in any one. Every
| citizen in business here, too, would re-
| ceiye eXtraneous benefits enough to
justify them in subscribing as literally
as their means will justify. With rail,
roads radiating from here" said Mr..
| Dlscoll in conclusion, like the spokes
in wheel, in every direction. see nc
reason why the city of st. Paul should
not go forward to that prosperity to
| which she is so well entitled"
The event of the evening came next
and was an address by Henry Willard
The great financier, after being intro
duced by President Marvin, advanced
slowly to the front of the stage amid
great applause, and placing one hanG
in his trousers pocket and the Other
upon the table before him, began very
entertaining and thoughtful, though
Impromptu Address.
~ came here this evening"" he said
with the distinct understanding that
should not be called on for set speech
because | have done so much
talking about what L thought Of
doing for the Twin Cities, and abou
what l thought should be done
to keep up their present growth
| am glad to say that the spirit of the
occasion, however, has moved me and
am glad to release the committee from
their agreement. was in Chicago a;
early as 1853 At that time there wa.
not poun d of coal burned in the city
Look at it now. have been in many
larger cities and | don't hesitate to say
that Chicago is now one of the dirtieS
| cities in the country. This is uncOm
Portable, but it shows that Chicago ha;
passed through what may be termed thu
commercial age and entered the indus
trial. | visited Milwaukee about thu
same time. When was there lately
found evidence Of very active indus
trial life. | first visited st. Paul in 1875,
and found it city of 5000 people, filled
with host of speculative characters
filled with hope for the future. But
am sure none of them ever dreamed Of
the growth which has taken place in the
lastthirty-three years. At that time die
what few of you have done. | walked
from here to st. Anthony falls anf
back. There was nothing there bu
saw mill there. am sure the mex
thirty-three years will see quite as won
derful a growth, and you will see mill
ions of people where how are only hun
dred of thousands. There are six young
states with 100000 of people directly
tributary to these two cities.
am sure that twenty more year:
will see them peopled with 20,000,00l
people. Therefore you are always sure
of your market. You must manufacture
and produce. Your city, as well a:
Minneapolis. is now more of al
entrepot for exchange of manufactured
products than for products of the soil
The transportation facilities for bring
ing raw materials here and distributing
manufactured goods is more favorable
than any other in the country. You
certainly ought to be allie to bring thu
raw materials here as cheaply as to an!
other place. Now about capital. 1t il
not as rich as the cities of the East ant
the older cities of the West, but moving
around here | have seen evidences tina
show there must be a grea
: deal of accumulated wealth here
There is tendency among
; the Western people to borrow
more thon they need in the East. Their
is also tendency to place the risk upoI
| the Eastern capitalists. Now. | con
tend there is sufficient capital here tt
insure and develop all active industrial
activity. Local capital ought to bt
taught to assist in the development o
home industries. This industrial
union has my sympathy. and | assur
you that whatever lies in my power t.
promote its welfare shall be done.
like the spirit of independence Show
by this union. You have the enterpris
and ability to carry the movement f