The Press., 1891-08-13
The National Editorial Association at St.
 Paul.
(Continued from last weekly

Paul.
 (COntinued from last weekly
 Nothing that has been so far written can have given an exaggerated idea of the hospitality of St. Paul. The hearty hand grasp from unknown residents upon the street, to whom the badges worn were letter introductory, the unvarying courte- sy of everybody, and so displayed as to make it certain that it was a natural characteristic, not garb for this occasion only! The badges were "pass" on street cars of whatever line, save one, which we were told was "owned by Min neapolis people,"
 An event of the week was reception at the St. Paul press club rooms. For this occasion a roof adjoining the rooms had been fioored for dancing, and made a bower of floral and evergreen decoration. Refreshments and viands of every grade were provided, and the fine and ample rooms of the club gave the nearly 1,5O0 attendants all facilities for enjoyment.
 W. S. Cappelar, of the Daily News, Mansfield, Ohio, the president-elect, is one of the most popular as we'll as capa- ble members of the association, and the choice is good one. He is a prominent man in his state, having held many pub- lie offices, also for several years been chairman of the republican state commit tee, and they don't choose sleepy men to conduct state political campaigns in Ohio. He will have all enviable record as pres ident, however, if 1t shall stand par with succeeds.
 The days were not long enough for the business one desired to apportion to each, but we should have felt sorry had the wis., 1t at the St. Paul National Bank been among the things omitted. This bank has just moved into new quarters, occu- pying rooms fitted for it from President Anderson's plans in 8 fine new building designed for tenants of that character. An idea of the character of the quarters may be formed from remark made by a business man of St. Paul, that the bank might safely count among its assets a value of $25, ,OO0 from the lease it held for it's quarters. The room is an ideal one for banking purposes. There is about 100 feet of counter front, and every man from the president to the lowest account ant is in sight of and accessible to any bank customer. The presidents work room is simply separated by low railing from the lobby, though he has a consulting room contiguous. Each ac- countant works in little cage, which no one can enter except us he wills, little wicket opening to the front and to adjoin- ing cages, and having easy communica- tion with anybody in the bank by electric bells and speaking tubes. The vaults are wonderful pieces of mechanism. the latest ''ideas' in locks, bolts, springs, etc., con- bining degree of strength, startling, as expressed by figures, with the simplest and easiest workings. There are features of lighting and ventilation hard to ex- plain, but pleasing to observe. As before stated, the president, F. w. Anderson. is 8 native of Stafford, and the cashier his son, A. c. Anderson, of Monson.
 The bank has just increased it's capital from $5O0, 900 to $6O0, 900, and has in do. ing this adopted new plan. Under the
 law the old stockholders could have sub.
 scribed for this new stock, but after con- sultatiOn and due consideration these
 agreed to waive their privileges. The di
 reotorate decided to make the list ot :, stockholders distinctively and general, local in character. In pursuance of this
 decision applications were received at tho . bank for the new stock, and for as small
 an amount as one share and thence up
 ward. The price per share of the new stock was fixed at $12O, and the $2O ore
 mium Greatly less than the old stockhold
 CTS would have been willing to pay) dit
 not inure specifically to the benefit of tn, 7 older holders, but was for the advantag, : of both new and old. In other words. fin : stead of going out as dividends, this $o,
 per share, aggregating $2O,OOO, becam, ' part and parcel of the undivided profits O the bank. The directors would have ha, !, no difficulty in disposing of the thousan, shares at a much larger premium tha, u that asked-but they wanted the new
 stock purchased by men who will brin, m the bank new business The results insti = fled this course, the increase of the bnsi e ness and deposit accounts of the han
 from the larger class whose interest wa