The pioneer press. (Miller, Hand County, S.D.) 1893-190?, 1902-01-09
Private Financial Affairs.


While the evidences are manifold that
the people of the state are in a healthy
financial condition, there Is no means 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 mature. 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. Sis
by. national bank examiner, we find that
July 1, 1900. the total deposits in all of
the banks of the state aggregated Sl2,-
74J 036.26 On oct. /, 1901, there was de.
posted in the national banks of South Da-
kota Ss,11S,2TT.35. In state and private
banks, S11. BIB, 52S35. Total, SO, 49,, 500. 20.
Gain. SG,6S6 7G9.44.
This increase of bank deposits of more
than onc-half in fifteen months is eIo-
quent of existing conditions.
whoIesaling.
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 enc or more
such institutions. In this Sioux Falls
naturally leads, having added five extern
sive plants to her wholesalng community.
Building.
There has been a marked renewal of
building, both on the farms and in the
towns Of the state during the year In
fact nothing to compare with this year 3
operations has occurred since the period
of settlement and town building i'm the
early eighties, and like the new inmigra-
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
with new roofs, many of them covering
pretcntious edifccs, some of which are
noteworthy as being of more than local
interest.
Each of these institutions for higher
education receive a substantial addition
TO its housing. The state univ ersity a
science hall, costing $4,000. The agricul-
tural college, mechanical laboratory at
$4,000, ard a botanical laboratory at
$4,000. The Madison normal completes
its second and elaborate dormitory. A
new normal has been established at Aber-
deem, and equipped with a $4,000 build
ing. The School of Mines and Spearfish
Normal each get 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
New Century" building. The Lutheran
college at Canton is building a new plant
throughout, the Yankton and Redtield 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 commodious building for the
"Children's Home" at Sioux Falls
The federal government has erected an
asylum for insane Indians at Canton,
and has made important additions 10 the
Flandreau Indian school
Several notable church edifces have
been completed and dedicated, the most
elaborate OF which Is the Presbyterian
church ct Brookings. Mr. Andrew Car
negie has presented Sioux Falls and Aber-
deem with free library buildings, and both