St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1896-04-03
Capital IS COMING
EX-SENATOR CAMDEN, OF WEST
VIRGINIA, TALKS VERY HOPE
FULLY HERE.
~
MAGNATE OF MoNoNGAHELA
r =
VISITS SIT. PAUL WHILE LOOKING
AFTER HIS sCOAL INTERESTS
NEAR BY.
MINNESOTA'S FUTURE BRIGHT.
In Her Missabe and Her Farms He
Finds Resources of Unfailing
Value.
MAGNATE OF MoNoNGAHELA


you've got a marvellous country up here!
Wonderful resources! Everything that pros
porous community requiresi' were some of
the admiring EXPLANATIONS made to a Globe
reporter yesterday at the Hotel Ryan by ex-
Senator ]. N. Camden of West Virginia The
senator has just returned from the head of
the lake. where he has been attending to
business matters in connection with the Mon
ongahela Coal company, of which he is pres
ident. He is one of the principal owners of
the companys rich coal mines on the Monon-
gahela river, between Paramount and Clarks-
burg, West Virginia. He is also interested
in railroads in the same state and is &C
counted millionaire many times over For
years he was influential in the Standard Oil
company, and was in possession of numerous
oil properties that he has since sold He was
one of West Virginia's two representatives in
the United States senate until superseded
by Steve Elkins.
eyes, indeed" continued Senator Cam
den, I'm more than pleased with Minnesota
This is my first trip west of Chicago, but I've
seen enough to form some idea of the grand
opportunities offered by the Northwest to cap
ital and to immigrants. In the first place
one look at the immense grain elevators at
Duluth and West Superior is proof of the az
ricultural background that there is to the
commerce to your cities, and agriculture is
the mainstay Of any fourishing community.
Then I'm enough of an iron man to appre-
ciate the great iron region of the Missabe
range. know that coal can be brought here
at extremely low rates via the lakes, and I
don't see why you people can't make a sue
cess of manufacturing on large scale. With
such opportunities for the farmer the mer-
chant and the manufacturer there appears no
reason why Minnesota shouldn't get big
share of the prosperity that has already be-
gun to be felt further east. And-O, yes, I
forgot. 1 ought to have mentioned the eli
mate. It's true, this isn't what we'd call
fine spring day in Virginia, but the air is
crisp, the sunshine is bright, and the sleigh
ing is first rate-and, of course such cold
weather in April is very exceptional. Every
body has told me that. 1 say, Fine day, isn't
ito and they say o, yes, yes, but you know
this is very exceptional, not the regular thing
at ALL. I've been told that about 500 times in
the last two days
Financial matters? They're all right
once more. I'm sure Of that. I was in New
York only few days ago, and the bankers
there were very hopeful. They said that the
last bond issue had put the gold reserve in
such shape that no danger now exists of it's
being depletetd. The demand for real estate
is much brisker in the big cities lately, and
building operations have taken on quite a
boom. 1 think that capitalists are over their
scare. The great sums boarded up during the
uncertainty of the hard times are being
distributed about once more into different
business channels where some active use
can be made of the money-where 1t will
afford people employment and return profit
to the investor. Foreign capital, too, has
begun to come over the seas. 1 hear already
of a number Of investments by foreigners
right in my own state. American credit is
now fully restored throughout Europe. No.
haven't bought anything yet up here, but
l think that money put into the Northwest
on reasonable basis would be returned with
a big profit. You'll probably find an increased
demand on a large scale, this year for your
farms and mines and timber lands. When
said in New York that l was going to Min
nesota the bankers all took it as matter of
course, apparently, that I was going after
some of the fine investments that they knew
all about. -
''Well, don't care to Say much about pol
itics. I'm rather out of it, you know, since
the Republican cyclone came down on our
state. It isn't worth while hardly to say
that Mckinley will be a sure winner at st.
Louis, unless the field combines against him.
And from a protection standpoint Mckinley
is celestil savior coming to reeem the
world of business. No one can deny that
President Cleveland has proven a powerful
and trustworthy leader on occasions when a
weaker man might have ruined the country
But they say, Of course, that Cleveland
couldn't be induced to run again, and we'll
have to fall back on somebody like Carlisle.
But, really, now, is it true that your No. 1
hard wheat is usually planted under the
snow on fine bright days like this?''