The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1907-04-11
A SYMPOSIUM OF.
THE BUSINESS
OUTLOOK
II. M. Temple Of N. D. Insur-
ance Dept, Receives Notice
in Accountants Journal.

nal of Accountancy" is contained an
article by Herbert NJ. Temple OF st.
Paul, one of the expert accountants
of the Northwest, and employed by
Commissioner E. G. Cooper in the
North Dakota insurance department,
taking in the outside companies.
Mr.. Temples article views the bus
mess outlook in Minnesota, North Da-
kotaand other Northwestern states,
and brings out clearly the idea that
while the east is given to it's specula-
ton the west is, figuratively speak
ing, saving wood" The article:
when 1t is considered that Min
nesota is practically in the center of
the North American continent and has
water communication with the At
lantic, both by way of the Great
Lakes and Hudson Bay, and the Gulf
OF Mexico, one can gather some idea
of the diversity of its possibilities. 1t
is recognized throughout the United
States as the Bread and Butter"
state, but people should not lose sight
of its natural and immense deposits
of iron ore, its vast forests and inn
mense deposits of building stone and
granite. With these material envi-
ronments, and the blessings OF an un-
usually hleathy climate, it is not to
be wondered at that our financial,
manufacturing and mercantile insti-
buttons are on a healthy and stable
basis.
Banking Credits.
From personal observation and
knowledge, it is believed that the bank
ing credits of the Twin Cities and the
territory tributary thereto are on a
most conservative basis, and in a re-
view of many of the large loans it is
believed that the security is ample
and sufficient to cover a panicky Pc
riod.
sThe average Northwestern mer-
chant has been educated into the
practice of discounting his bills with
the jobber, and in many instances
where credits are extended, the credit
is extended by the local banks. A
careful review of the accounts of many
of the large jobbers and manufacturers
in this territory, reveals them to be
in a most healthy condition, credits
being extended on conservative
basis.
"A general review of the profit
sheets for the year ending 1906 shows
a healthy condition. No abnormal
tendencies have been observed.
I'm the past five years there has
Northwest and Western Canada, and
there have been large investments in
western lands by actual settlers. This
cannot be termed rush of capital"
but can be better designated as nat
ural settling up and development of
these lands, from the congested dis
tricts or the east and central west.
The general feeling among these set
tiers is one Of satisfaction and con-
fidence. This increased population
and development have naturally called
into action in all lines, and have given
the northwest as result an active
and progressive year.
Not Speculative.
AS to whether there is excessive
speculation in real estate, products,
stocks or any other line, l may state
that, as a general proposition, an agri-
cultural country is not speculative,
and real estate values today in St.
Paul, Minneapolis and other cities
of this district are lower than they
were fifteen years ago. In building
and construction lines there has been
marked activity resulting from natur-
al growth and development.
Minneapolis is the largest cash
wheat market in the world, and the
operations incident to that market
cannot in a correct sense be termed
speculative. feel safe in stating that
there is no general tendency toward
speculation in this district, and the
business operation, so far as observed,
appear to be generally on legitimate
basis.
I'm conclusion, l may state that
there is a vast crop of wheat and
agricultural products yet to be
brought to the market, which the rail-
roads were unable to move last fell,
and now unable to handle because of
the heavy snow storms. These con-
ditions are happily being overcome.
and the prospects for the year 1907
are bright and promising"
On Guard.
There are still few honest men
left in the world" said j.. j. Hill, the
fo6 fSna OF ho- 10,