The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-08-29

MINNEAPOLIS TERRITORY

kota has been forced through compare
lively low debt limit and the slow col
lection Of taxes to adopt various financial
makeshifts This year there Is good
balance In the treasury, taxes are being
paid more readily than ever, and the
state is nearer a ready cash basis than at
any time since it was admitted. Inc
same improvement is to be found in the
affairs Of South Dakota. and Minnesota
is in the market as money loaner to
greater extent than ever before.
Railway Rates Reduced.
One Of the strands in the northwest's
pretty prosperity fabric Is the reduction
Of railway rates within the past year.
Rate reductions, no matter how small,
when covering a large territory, aggre-
gate surprisingly large sum to the credit
of the various communities. The reduc'
ton Of railway rates made on merchan-
disc shipments last fall was a direct re-
suit Of the prosperity Of northwestern
roads. Together with the grain rate re-
auctions about to be made, this repre-
sents several millions of capital left IN the
hands of various communities IN tho
northwest, instead Of going to railway
and banking centers as railway credits.
With any average grain raising district
in the northwest matter Of 100000 less
to be expended in freight rates and 100, 600
more applicable on local business deals is
important. This can be better appre-.
ciated when it is rem EN- bered that thriv
ing towns have been built up in various
parts Of the northwest on the annual pay-
roll expenditure by a corporation Of $780,
900 per year. '-
While the increase in the value of farm
products has been accompanied by an in
crease In the price Of everything a farmer
must buy, yet the margin Of difference has
been in favor Of the farm and the north
west has proited.; In the advance In
wages, which has been general through
out the west, these states have shared.
Manufacturing industries are generally
Operating upon a profitable basis, The
country miller Is doing well. :. .,,-<> a :
Minnesota Industries Prosperous. 80
Every Industry from which Minnesota
draws revenue is prosperous. Her lumber
has brought good prices and to those who
| own stunpage on the prices Of a few
years back the profits have been big. The
| margin Of profit in -four Is never large, but
| the year IS probably as satisfactory to the
mills, both large and small, as any in their
| history. The iron mines are making a
| big record in output While these are
operated largely by the steel trust, the
activity has beneficial effect upon tbs
| business of the northeastern section Of the
| state The creameries have had a good
year and large amount Of money has
Pe6n -O1SCr1DuCeO InOntnly ny luelIl, Wl1lCll
has been much appreciated by the country
merchant, figuring his way through the
summer with as small a credit on the
| books Of the wholesale house as possible
Some Of the smaller cities In Minnesota
| have shown much progress. improvements
! of a permanent and costly character have
been made in southern Minnesota towns
| With the increase In the general volume
| Of business, towns which aspire to some
thing of a jobbing trade have made prog
ress The country jobber is having a
good year. Profits are not as generous az
in the past, but the increased volume ~
trade has made up for 1t.
| Northern Minnesota Is showing more
material development than at any time
in her history. The settler is going int
the cut over timber lands and making
regions productive Of revenue which but {
few years ago, following the departure 0
the lumbermen, were on the wilderness
list. Some new towns are developing int
important commercial points for a consid
| cradle territory. Business sections OF cen
trail Minnesota towns are being improve
BY the addition of new brick building
which generally replace old frame struct
ures. -
New Towns In North Dakota. -.
North Dakota has placed more me-
towns on the map in the past year tina
any other state In the northwest. This
indication of the rapid development there
Money has been plentiful. and wherever
new town has been located business faci