The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1904-07-16
eNothNes
Minneapo

! in this market. The hardwood lumber
men form large group by themselves.
Closely associated with their business
is that of large variety of building
material men. There are also dealers
in railroad ties, slaves, hoop poles and
great variety of forest products.
The close of the year 1908 found the
banks Of Minneapolis in a most salts
factory state. Conservatism of man.
agement and most excellent general
business conditions throughout the
Northwest combine to give special sta
bility to the local financial institutions.
! Since the depression of ten years
ago, the lessons learned at that time
have been we'll remembered through
the Northwest. While enterprise and
aggressiveness in business manage
ment are in no way hindered, there
has been a marked development of
good business ideas and conservative
notions as to credits. Banks have
profted by this state of affairs; and
for themselves they have done much.
Consolidation has strengthened many
of them; more care has been exercised
in extending accommodations and Sc
curities are better looked after than
ever before. The public is also better
informed, and it would probably be
very difficult at the present day for
Il really incompetent man, or one of
uncertain reputation, to secure stock
subscriptions and found bank.
Deposits in the Minneapolis banks,
state and national, have averaged over
$50, 100000 for some time past. With
the moneys in savings banks, private
banks and with trust companies, the
total of deposits is considerably over
$5o,O0o.00O. Each year finds the
Northwest growing more and more in
dependent of the East financially. Min
neapols bankers have not the same
handle the crops us in years ago; and
it is also possible, as in Il recent in
stance, to see il local bank taking up
a municipal bond issue, which, only
Il short time ago must of necessity
have gone to some eastern broker or
bank. With continued undeniable evil
dence of general prosperity i'll the
Northwest. the banking situation may
be said to he entirely satisfactory.
system OF Minneapolis during the past
| - years forms one of the most inter-
estng chapters in the story of the city
| during that period. Nothing, perhaps,
more empl:atically demonstrates the
| extent of the cityS progress from vii
lage to metropolitan conditions.
Since the general change from horse
power to electricity. II Years ago, the
efforts of the Twin City Rapid Transit
compan:' have been directed towards
perfecting the system, building the
| necessary extensions and equipping
the entire system with modern rolling
stock. The cars used in 1891.
were simply large cars of the old
horse car type-the familiar four
wheeled cars-with electric apparatus
added. 1t soon became apparent that
larger cars could be operated more
economically and would be far moro
convenient and comfortable. Shortly
i after the interurlmn line was opened
between Minneapolis and st. Paul
double truck cars We're provided. and
from these original cars the standard
car now being generally introduced or
ell the lines of the company has bee,
evolved.
Wien tie electric system was frs
adopted power WAS furnished from ;