The Globe-republican., 1893-06-30
RESOURCES OF MISSOURI.
State Treasurer Stephens Exhibits Facts
and Figures at the Worlds Fair BANK
err Convention.

state Treasurer Stephens Exhibits Facts
and Figures at the Worlds Fair Bank-
err Convention.
CHICAGO. June 22-There was a lar
ger attendance at the worlds fair con-
grcss of commerce and finance thu N
any day yet, notwithstanding the eX-
cessive heat. An address by Lon V.
Stephens, delegate from Missouri, met
with hearty reception. He talked
about Missouri and her banking sys-
TEN. and from the beginning OF his
speech until its close he was accorded
the closest attention. After review
showing the development of banking
in his state, Mr.. Stephens said:
Regarding Missouri. further 1 viii say her
resources are yet compare lively undeveloped
Her soil is rich and fertile. EX-Speaber Reed
SAYS concerning it, if they had i: back east
thcr would sell it by the peck for seed We
u:far special Induce ment TO the proper sort Of
emigrants. We will come down to the gates
AID welcome them 10 the employment Of our
boundless advantages
Missouri contains 40 sac, 255 acres. Its area
is 6-,sj5 square miles of land and go square
miles of water Five hundred and sixty miles
of the state borders on the Mississippi river.
1t borders on seven states and one territory.
Louis FOrtyfve counties are north OF the
Missouri river. Sixteen border on the Missis-
sippi river and twenty -four on the Missouri
river. Every county north OF the
Missouri river has one or more rail-
roads Fifteen counties south Of the river
have no railroads More than twenty OF the
cities have as many as 400 Inhabitants. Its
population is 2.6.9, la, Of which St Louis has
4N5.DOO. The vote cast at the last presiden-
tial election was 54l, 583 1t has $3.50 miles
Of railroad These are owned By thirt six
different companies and employ 3,,c0J men.
] am told that it contains in its mines
bituminous coal enough TO supply the worlds
demands for q thousand years. Most Of the
iron mines lie south of the Missouri river
Iron county contains a pure mass of iron O
feet high and covering 200 acres Of ground. In
cereals corn and wheat are most abundantly
produced. The annual lead product OF the state
is &c. en- 900 pounds. In the amount of lead out
put Missouri is without a rival in the world
rwo-thirds Of the zinc that is mined in the
United States is mined in the state OF Mis-
souri,
Missouri has a larger school fund than any
any other state 1; amounts to sl.a5I,l4..aS
Her assessed valuation for ls9; is about $685.
OOOOC0 The rate of taxation for state pur-
poses is but p cents on the 800 valuation, of
which 10 cents is for our interest and bonded
debt, cents for public schools and 10 cents
for the support Of the state government The
bonded debt of the state is but Sc Ga, 400 OF
which s., 5000 bears 81. per cent. and $751;,
OU bears per cent. The constitution requires
Us to take in ,pO) Of our debt annually. It
is estimated that in less than twelve years the
entire debt will be obliterated.
With such resources as Missouri possesses
think can safely say that banking in Mis-
souri, Notwithstanding its rapid strides 70 the
front in the pasr. is yet in its infancy. The fu-
ture is full of promise for the bankers OF the