St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-09-21

six New England states, with an aggre-
gate population of only about 4. 600, 900
people, amount to more than $500, OaO,-
900, which represents 4 portion only of
the savings OF the laborers and wage
workers of those states. The state of
Massachusetts in 1888. with a popula-
ton of about 1,S00, 900, very little more
than the present population of Mime
sofa, had ITO savings banks with 944,77S
depositors and total deposit of over
1902, 900. 600, the average deposit being
only S320.66.
The little state of New Hampshire,
the poorest and rockiest of them ALL
with population of only $4,000 (about
the same as the combined population of
the cities of st. Paul and Minneapolis,
in 1889 had deposited in eighty-nine saw
lngS banks the enormous sum of over
S62, 10000
There were la, 1874 individual deposit
ors, averaging to each only S395.12, and
the bank commissioner in his report
adds the information, 1.-THE greater num-
Der OF dep0sItOrS are women and chill
dren." These New Hampshire savings
banks paid out in that year to deposit
ors in dividends S2,5O0,O0O. Do you
realize the magnitude of these figures?
The amount of these deposits (S62. OOO, OOO)
!. is more than the assessed valuation of
all the real and personal property
of the city of St. Paul in 1884,
and the, dividends (s2,5oo,oOO) about
two and a half times the entire
revenue of the city from taxes, not in
Guiding special assessments, in 1889.
These deposits in New Hampshire are
increasing at the rate of about per
cent annually, and such is the fecundity
of compound interest that in 1900, ten
wears hence, these deposits will proba-
bly, amount to the enormous sum of
S120,000,000, and in the six states to ST.
200,000,000, the latter sum being more
than sufficient to pay the present ma
tional debt.
These vast Sums are the result of
saving one-half the price of one scent
cigar, OF One-half the price of glass of
beer, daily by each individual depositor.
There are approximately in this city
10000 people. Ii each one should save
and invest at 6 per cent 215 cents only,
each day, it would amount in one year
/, to about 81 100000, i'll ten years to the
enormous sum of about $4,000, OOO,
which, If invested in manufacturing
here, would solve the manufacturing
problem in this city. But of course it
is impracticable to expect that all will
become thus provident.
1t ought not, however, to be impractic-
of this city who would thus save and
invest say an average of SO per month,
which gives the same result.
Is not this matter in which you as
class are Interested? You live in ST.
Paul. Your livelihood is derived from
the business of st. Paul. As the city
proSpers, you prosper, and the more
closely you are identified with its bust
ness, the greater will be your pros
perity.
Looking from this standpoint, the di-
rectorS believe you will esteem it a priv
ilege to become identified with the
manufacturing Industries of the city,
throuh the instrumentality of this COM
pauy, by subscribing for one or more
shares of its preferred guaranteed
per cent stock. 1t is believed that the
complete success of the enterprise re-
QuireS numbers as we'll as amounts,
therefore the directors are specially de-
sirouS that you should take some stock
one share-tWO ShareS-flve ShareS-any
number you please, but for the reason
stated they do not specially desire large
individual subscriptions.
This stock bears a guaranteed divi-
dend of per cent, and it is believed
that before the stock is fully paid for,
which, under the terms of the subscrip-
tions, will take fifty months. the earn
ings of the company will be sufficient to
payiat least s per cent. The stock of a
bank in this city which pays pei cent
readily sells at 140 to $50. Is there any
reason why this should not sell for as
much?
We desire to call your attention to the
fact that none of the directors have any
interest peculiar to themselves in pro-
noting this company. They and all the
officers pXceOt the secretary who nar-
time and work without compensation.
They will be sufficiently rewarded if it
results in the benefits to the city which
they expect. A. B. STICKNEY,
- President