The herald-advance. (Milbank, S.D.) 1890-1922, 1902-01-10

Stanley l2,@f4 d5,ooo
Sully 1896 1881
Turner i2,ooS 1915
Union oS,3lI lII, 400
Walworth ............ 81 ,202 55, 214
Yankton ............--.-.. Z91,5oo SI,9lI
Private Financial Affairs.
While the evidences are manifold that
the people of the state are in a healthy
financial condition, there is nc mean of
ascertaining the movement of the debt
balances. Extensive real estate sales have
undoubtedly increased the real estate
mortgages for purchase money, while
old loans are being paid as rapidly as
they matur Private credit has become
so well established that chattel mortgage
securities are much less resorted to than
formerly.
The best and most tangible evidence of
the financial condition of the people is
found on the bank deposits.
From the report of Gen. George A. Sils-
by, national bank examiner, we find that
July 1, 1900, the total deposits in all Of
the banks of the state aggregated $12,-
745, O36. 26. On Oct. I, 1901, there was de-
posted in the national banks of South Da-
kota $S.11S,2 77. 81. In state and private
banks, $11, 313. 52s.35. Total, $40, 431, 800. 70.
Gain, So, CSC, 1894.
This increase of bank deposits OF more
than one-half in fifteen months Is elo-
quent of existing conditions.
WhOlesaling.
The commercial interests of the state
have been accelerated this year by the
establishment of many new wholesaling
enterprises in the principal cities. These
wholesale machinery, hardware, drugs,
furniture and lumber and each of the
principal towns have secured one or more
such institutions. In this Sioux Falls
naturally leads, having added five extern
sive plants to her wholesaling community.
Building.
Their has been a marked renewal Of
building, both on the farms and in the
tow MS of the state during the year. In
fact nothing to compare with this years
operations has occurred since the period
of settlement and town building in the
early eighties, and like the new immigra.
ton that has been fairly distributed.
The erection of spacious farm homes and
barns has been a notable feature.
Scarcely a town but what is dotted
witt new roofs, many of them covering
~pretentiouS ed;fices, some of which are
noteworthy as being of more than local
interest.
Each of these institutions for higher
education receive a substantial addition
to it's housing. The state univ ersity, a
science hall, costing $4,000. The agricul-
tural college, a mechanical laboratory at
$40. 900, ard a botanical laboratory at
$1O,OOO TIL Madison normal completes
it's second and elaborate dormitory. A
new normal has been established at Aber-
deem, and equipped with a $50, 600 build
ing. The School of Mines and Spearfish
Normal each get a new and elegant struc-
ture.
The Catholics have built and equipped
academies at Elkton, Sturgis and Ma
rion.
The Methodist Dakota University, at
Mitchell. has in progress of erection a
tNew Century building. The Lutheran
college at Canton is building a new plant
throughout. the Yankton and Redfield col
leges, each secure a new gymnasium.
The legislature provided for new build
ings at the Yankton insane asylum; at the
school for the deaf mutes, at Sioux Falls;
and for the blind at Gary and for the
completion Of the institution for the fee
BILE minded at Redfeld.
The charitable people OF the state have
erected a commodious building for the
"Children's Home" at Sioux Falls. y
The federal government has erected an
asylum for insane Indians at Canton.
and has made important additions to the
Flandreau Indian school.
Several notable church edif1ces have
been completed and dedicated, the most
elaborate of which Is the Presbyterian
church at Brookings. Mr.. Andrew Car
negie has presented Sioux Falls and Aber-
deem with free library buildings, and both
structures are in course of erection. The
Masonic bodies under the auspices Of the
conslstory are building a splendid temple
at Yankton, and the order of Elks have
built a club hous at Sioux Falls. Other
structures of more than local interest are
the Cataract hotel and the extensive
mating works at Sioux Falls, Touring
mills at Waterfowl, Volga, Vienna and
De Smet, and hotels of more than ordi-
nary interest at Lead and Geddes. and
one under construction at Canton.
The replacing Of primitive wooden bust
ness places with substantial blocks Of
brick and stone has been quite general in
ali of the towns
An improvement which has added very
much to the appearance and stability, OF
very many towns this year has been the
construction of uniform cement sidewalks,
crossings ana cutters. This has not been
confined to the larger places, though
much has been lone in the cities Of the
frst-class like Sioux Falls, Aberdeen,
WATERFOWL and Mitchell, but the villages
have done much more, as in Elkton, Vol
ga, Egan, Lake Preston and Parkston,
where the entire business portion has
been thus cemented.
Comprehensive systems Of water works
have been built this season at Brookings,
Centerville. ELK Point and Sisseton and
WATERFOWL has pun in a sewerage system.
High school buildings have been built
a. ouIuIult, oeIOV, GeuueS ana rate.
However, and despite the extensive pub
lie and business building enterprises
noted. the most noticeable and valuable
work has been in the building of private
homes This has distinctively been q
year OF home building. The cities, viii
lagos and farms have WED in the erection
Of comfortable. tasteful and enduring
residences. I have been unable to secure
trustworthy figures relating to the value
OF the buildings this year erected n
cannot even attempt IN approximation.
Most Of the building has been from the
surplus means Of the builders, and rela-
lively little of 1t from borrowed capital.
The influx OF population ha made an
active demand for buildings for rent, and
the low rates OF interest have turned
many to this class OF investment.