The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1893-07-15
NOT WORRIED ABOUT FINANCE
'~ Louis Reports Business Very Good
Increased Railroad FacII,tle.


Increased Railroad Facilities.
Sf. Louis, Mo-, July z, 1sO3'-Tbe
financial problem 10 exciting so much
interest throughout the country that
aim st the first question asked of anv
;ity is, as to how it withstood the
troubles of the spring and early sum.
mer. st. Louis has every reason to
congratulate itself on the result of the
nrst six months business of the wear
The real estate transfers represented
larger total than for any half wear
with the exception of that ending
June 1892, which was by far the best
on record. The 1893 total is far i'm ex.
cess OF that total of lS9. which was re-
gard q as remarkably good year.
Ihe bank clearings for the six months
Just ended were the largest on record
ana with the exception of the June
total each month showed n very large
increase over the corresponding month
last year, when money was compare
lively easy. Confidence Is quite gen
eral in commercial circles and the
credit of establishments generally has
not been materially impaired.
The arrangement between the rival
bridge companies, whereby it may be
made possible TO use the Merchants
bridge and its elevated route for all
passenger trains entering the city
from the East, reserving the tunnel
route for freight business, appears to
have been nearly consumm. ted, and
although the details have not vet been
made public the presidents of both
systems admit that arrangements have
been made. This will lead to the
traffic being expedited very materially,
and will certainly be benefit both 10
the travelling and the freight distrib-
uting public. The increase of traffic
this year, largely in consequence of
the travel from the East and South to
t. World Fair, has been a matter
of general comment, and by making
full use of both bridges and terminal
systems it will he possible to handle
the traffic more expeditiously and at
less expense. The bridge across the
river at Alton is being pushed forward
rapidly and this will give another val
liable terminal system and entrance
from The North.
The success of the fast mail train
running north has been marked, and
it has opened up quite large territory
which, although within two or three
hours distance by rail from St Louis
could not be conveniently reached
from it except by the morning and
night trains. The travel on the roads
running direct between st. Louis and
Chicago is also remarkable and it is
getting quite usual to run these trains
in double sections.
I he question OF extending the city
limits has again been raised. 1t is
nearly eighteen years since the city
limits were materially increased and
since then there has grown up large
number of suburban towns ana Sec
tons with an aggregate population
considera bly, in excess of l00,0l0 sew
eral o: thee districts are supplied with
electric lights from power plants with
in the city and in otner ways the sec
tions are becoming more and more
urban every day, resulting in quite a
demand for annexation. Almost the
only dra yback TO ST. Louis county as
u resident section is the difficulty in
obtaining goo supply of water, re-
lance having to be placed i'll large
measure on cisterns for supply. The
progress on the new city water works
has been so rapid that they VIII soon
be in position to supply water to over
a million people and already applica-
tons are coming from sections OF the
county for n supply. There are obvi-
Gus objections to supplying generally
districts whose RESIDENTS do not contri'
butte to the municipal revenue and this
desire for water supply is in ,onse.
quence increasing the prospects of an
ucXat!on.