Newspaper Page Text
OUR RAILROADS AND BANKING.
Minnesota Roads Build Many I St. Paul Bankers Find the Small Branches. | Outlook Bright. • _____________________________ RAILS AND DOLLARS COMBINED. Mr. Hill Keeps Pushing* the | Clearings Exceed Those of j Manitoba Forward. the Year 1887. _________________________ MAGNATES AND MILLIONAIRES TOGETHER. j In the face of hostile legislation such J as lowa has enacted; of the burden of 1 the interstate commerce law as railroad ! men regard it: and of a general depres sion in trade circles all over the coun try, ikes anil rate wars, ii is not to be I wondered at that the Northwestern railroads have taken a rest this year in ' the matter of construction work. The ■ available statistics at hand do not show a total of more than 182 miles of new railroad constructed in Minnesota this year— a material falling off from 1887 and 1886. The chief activity has been | with Mr. Hill's system in the building * of connections and extensions. Num berless new lines have been projected, I and on some from ten to twenty miles ; constructed, but with all this there has j been a decided disposition to await i a return of active prosperity before un- j dertaking i lie completion of their plans. I Well provided with main lines, St. Paul j has not materially felt the dullness in I tbis direction. The entrance of the j Saul! Ste. .Marie gave her the most im- | portant outlet to the lakes ever pos sessed by her, and provided trade cir- j cles with new strength to meet foreign j competition with. The details of the j work done will be found in the follow- J ing summaries collected from railroad j sources: I 111. MANITOBA s\ si KM. Mr. Hill' tireless energy litis not ; waited the passing of the dull times, but forged ahead with work needed to oleic certain connections and ex tensions. The Orton ville A: (Southern was incorporated to run from Orton v ill**. by Pipestone, to the southwest ern limits of the state, and is supposed to in* a new feeder for his system already in thai territory. The Sioux City & Northern was also organized and running north from Sioux City will connect with the Manitoba main lines in this stale. On the Montana Central connection of the Manitoba system, the 1,000-fi long iron bridge at Great Falls was completed, and the Sand Coulee branch into the famous coal fields fin ished. For the extension and branch work in that territory, 55,000 tons of steel rails were necessary, and the j planes not completed yet call For 500 j miles of construction and an expendi ture of "--5,000,000. The connections with Duluth are partially completed, which will give St. Paul a new short line to the head of the lakes. The cost of this connection will be i?.Bon,ooti. It runs from Hinckley, on the St. I 'loud branch of the Manitoba, seventy miles northeast to Duluth and Superior connections. The Willmai, Sioux Falls ■V Yankton branch of 150 miles, com menced two years atro, is finished, bringing St. Paul jobbers into a new territory hitherto dominated by < hi eago ami Sioux City. The Duluth, Watertown & Pacific (seventy miles) is well under way, and the Fergus Falls, Duluth & Southern to be one of the new beginnings of i*****.'. Some sixty miles of local branches were under taken and are now in various stages of completion. It. seems to be well under stood among railroad men that Mr. Hill is undecided yet as to whether or not lie will push his Montana line toward the coast or go south toward Denver. In its scope, and considering all of its branches, connections and territory cov ered, his system already rinks mom; the greatest in the world. Should he be. J spared to make Idaho and Washington territory tributary to it, as Minnesota, Dakota and Montana are now, he will give to St. Paul the most gigantic railroad corporation in America in ex tent, and operations. His new Duluth connection open- it field of rivalry be tween him and the St. Paul & Duluth for the carrying trade to St. Paul. At the same time his proximity to the Nio brara country, and the probability that he will soon control It, means a new jobbing field of great advantage to the Capital city. xr.w LINKS. The proposed extension of the Bur lington from Newport to Stillwater and. thence to Duluth, under the name of the Burlington, Stillwater & Duluth, lias j not materialized yet, although one of the sin,, things of the future. Al- ! though the St. Paul & Duluth received | ample pledges of aid from Faribault ■ and Waseca as to its proposed ! line from St. Paul to Omaha, J which it is to pass through, these towns, it has not materialized yet, and may not under the new management of 1 lhe load. The first steps have been taken in the preparatory work for the St. Paul. New I tin & •southwestern, running from Hopkins to Chaska and Carver, and thence midway between the Omaha and Minneapolis & St. Louis systems to New I'lin, and thence to OmaiiK.'. The Duluth, Ked \\ ing \ Southern is designed to give Southeast ern Minnesota lake connections. Twenty miles have been completed in Minnesota, from Red Wing toZumbrota this year. The Duluth, Northwestern & Winnipeg, the successor to the old Duluth •*_ Winnipeg, Is well under way. Its object is to place the mineral arid timber belt of Northern and North western Minnesota at the com mand of Duluth. It will have Eastern connections via the Duluth, South Shore & Atlantic. It will tap, the lied river valley, and from there run north toward Winnipeg. The completion of Mr. Washburn's line the Sault Ste. Marie —gives to the Twin Cities a new lake connection, and an Eastern line through its alliance with the New York, Ontario A* Westeyi. the Home, Watertown & j Ogdensburg and the Canadian Pacific. The Stickney system, or Chicago, St. j Paul A* Kansas City line, as was antici pated, absorbed the 305 miles of the Central lowa and made its through Chi cago connections by the opening , of the line from Dubuque to I eport. The Duluth A. Iron | Range was incorporated for tapping j the mineral belt from Tower to section j 27 '.:: -p.'. The Winona A- Southwestern j has made a prosperous beginning, with twenty miles completed, Its ultimate j destination is from Winona to Osage, Mason City. Fort Dodge and Mona to Omaha and" Kansas City. The Duluth, South Shore & Atlantic completed its line from Ashland to Duluth, the ter minus. The Burlington A: Missouri is pushing its Black Hills extension from Alliance with 1,000 men and teams. The line will be tr.s miles long. The second division of the Eastern Minnesota (St. Paul. Minneapolis & Manitoba) will be | commenced next spring at Pokegema. j it will run due south to Coon Creek, I where connections will be made with the Manitoba's river road, by which ac- I cess will be gained to St. Paul. This new route will make St. Paul three i miles nearer to Duluth than it now is ; by the St. Paul A- Duluth. The Fosston ' line Of the Manitoba is completed, and is forty-lour miles long, the western ter minus being at Crookston. Pages might be written of what the railroads may do, but it* is sufficient to know that the majority of them are waiting brighter times before under taking any large enterprises. Mr. Stickney's Duluth line seems a little nearer in one way through his reported scheme to unite "the river companies (Mississippi and Ohio) and the Duluth ■* Iron Raugi and st. Paul & Duluth. for the transportation of ore to Pitts burg. Should this prove true, it would give to South St. Paul coal and ore docks of great value, and bring to St. Paul proper a revival of steam boating that is needed. Mr. Stickney's second railroad depot is also one of the to-be expected things of the coming year, as >_ also the new joint railroad bridge into West St. Paul, the Northern Pacific depot and the railroad develop ment ol the West side levee. (ikxi:i:al. How many railway companies are there in the United States? is sometimes asked, but is not readily answered. The number of corporations represented by : the railway mileage in operation June 30, 1888, is stated in the interstate com merce commission's report' at 1,251, but SO many companies are controlled and i rated by others that the whole num- : ber of corporations making report of operations at that date was 665. How many other companies represent rail ways under construction or projected is difficult to say, but they aggregate many I hundreds. The United State- census : of June, 1880, gave the total number of ; railway corporations in tne country as 1,165. 1: \i:mn*.s. The returns of net earnings for Sep tember on seventy-eight road- show a loss of $1,100,000, or over 7 per cent The returns for a larger number of roads, ninety in all, for nine months ending with September, show a loss of .s'.i.'.i'.i.sc,*. or about 8 per cent. Yet these are not among the worst, but among the best of the roads. In number but a small part of the railroad system, their reported gross earnings were nearly hall the total for all the roads in the countrj last year, and their net earnings were a little over half the entire net earnings. it there has been no greater loss on the remaining roads, the net earnings of th*.* entire system have been cut down about $-0,000,000 for nine months, or at the rate of $20,0 10.000 for the year, while the aggregate of divi dends paid last year was only £90,000,000. MILEAGE. The railway mileage of the United States, says the Railway Age,on June 30, 188.8," is estimated in the report of the Interstate commerce commission as 152, --781 miles, of which 2,213 miles are cred ited to the first six months of the year, These figures are somewhat too small. The mileage of the country at the end of 1887, according to Poor's Manual, was 140,012 miles, and our records showed 3,331 miles of track laid in the first six months of the present year, which would bring the total mileage June 30 up to 153.273, and this is doubtless short of the actual figures. As, however, the report professes to give only mileage '."completed and brought into operation"' in the six months, while our figures are intended to give all track laid, whether then put into operation or not, the dif ference is not unaccountable, and the commission's figures just issued in ef fect substantiate the accuracy of the statement made in these columns five months ago. *» ST. PAUL HANKS. They Are in Strong Condition - I Clearances for 1 ssh. The year winds up without a bank failure in St. Paul, and the officials of tin- different institutions very confident as to the solidity of St. Paul and the brightness of the future. Careful in quiry at the Commercial, German-Amer ican, Germania, People's, Bank of Min nesota and Capital .show a decrease in bad paper and a very favorable pay ment of debts. The failure of the wheat crop here, as in other things, has had a proportional effect on the volume of business. The clearances for the year by weeks are as follows: January Ito 7 .-.. $3,982, 1 7*> "Miliar*, 7 to 14 3,532, i::0 .1 miliary 14 to 21 3,112,21- January 21 to 28 2.787,.590 January 2S to February 1 3,744,287 February 4 to 11 3,738, mr February 11 to IS 3,5 i 6,909 February IS to 25 21,871.258 February 25 to March 3 3,1 "'2, 853 March 3 to 10 3,412,080 Match 10 to 17 3.500.000 March 17 to 24 3,025.923 March 24 to3l 3,540.000 March 31 to April 7 3,090,253 April 7 to 14 3,500,774 April 14 to 21 ... 3,2!>4.i's*_ April 21 to 29 3,449,211 April 2-* to Mays 3,015.4rt0 May.". to 12..." 3,709.500 May 12 to 19 3,898 -'.' > May fit to 20 3,580,4:15 May 20 to .11110 2 3,800,582 June 2 to !» 4,194.316 June!! to 16 4.188.545 Jul ■ 10 to 23 3.495.444 June 23 to 30 3,51.6.374 JulyltoJulv7 3,883.983 -liilv7ti.il.. 4,006,289 Jul 14 to 21 4,281.763 Jul) 21 to 28 4,208,50*-' July '."B to August 4... 3.720,180 August to 11 3,501,453 August 11 to 18 3,6('2.610 August Is to 25 2,974,"'49 August 25 to September 1 3,175,000 September l to -< 3,534.597 September 9to 15 . 3.579,281 September 15 to 22 3,664,962 September 22 to 20 3.475.816 September 29 to October 6 4,2:18,247 October 0 to 13 4,712,205 October 13 to 20 4,475,020 October 20 to 27 3.811.015 October 27 to November 3 4,119.632 November 3 to lo 4.0:10,154 November 10 to 17 4,426.080 November 17 to 24 4.997,124 November 24 to 31 3..:3,9 10 December 1 to December 8.. .. 4.s!'t>,o'.H> December 8 to 15 4,375.061 Total. 1177,863,627 Bt MONTHS. January 113,414.720 February 17,003,503 March 15.475.009 April ..'.'.'.'.'.'.'.'.'.'.'.'.'.'.".!!".'.'.'.".'..'. 17,556,410 May 18.664,903 June : 15,484,679 July 16.440,543 August 17,033,301 September 14.254,656 October 18.108. November 17.518.21 8 :* ber 8,971,157 1177,863.627 North St. Paul has a new bank, and there is every indication that by the end of another year even suburban point of the city will be well supplied in that particular. «-*_*-• BRIGHT GLOWS THE FUTURE. The following is the report of Supt. Cochran, of R. G. Dun & Co.'s commer cial agency, on the state of trade in St. Paul for the first six months of l** s* Trade for the first naif year just ended shows an increase In all lines from 12 to 15 percent over the corresponding period of last year, 'flu* expectations, however, were "uot fully realized, owing to an un usually severe" winter ami a late and wet spring. Although mercantile collections have, in the main, been unsatisfactory dur ing the past season, a general improvement is noted, and the casualties in trade have been comparatively unimportant. Special advices from nearly every part of the Nor ti west indicate a promise "for a more than or dinary good crop, and for which all the con ditions at this time appear to be most favora ble. A large influx of immigration contin ues to flow iii this direction, and is rapidly filling up the rich territory remain -1 ing unoccupied. New towns are spring ing up throughout the Northwest, and build iug operations, both for dwelling and busi ness purposes, are steadily increasing. The opening of the Sault route gives fuller com i munication with the Eastern markets, supe rior facilities for grain transportation to tide water, an i has resulted 111 a reduced and more satisfactory freight tariff. All the mdi- ! cations seem to point an extent of material j prosperity rarely equaled in any section or ! under any circumstances. The twin cities are the natural and legitimate sources of sup ply for over 6 '0,000 square miles of coun try which Is rich in agricultural and mineral resources, It becomes apparent, therefore, why real estate values are sieadilv advancing, aud Eastern capital continues flowing into this section for safe Investment. The manu factured products in this city, although of recent origin, find their wav iuto every state in the Uniou. On the whole, the outlook from this section of the Northwest could not ] well be more promising. To this Supt. Cochran now adds: THE SAINT PAUL DAILY GLOBE: SUNDAY MORNING, DECEMBER 23, 1888.— THIRTY-TWO PAGES. "The collections this fall from country merchants for the home jobbing trade, and in which our agency is interested, barring September and the brief elec tion period, have been as good as in the past, and but small cause to be found for complaint. Another gratifying state of affairs is that our books show the St. Paul jobbers to be already cov ering Washington territory, let aione the intermediate country of Idaho, Montana and Dakota.*" —«»- . What They Got. ("'rover Cleveland— Left. Mark Twain- jumping frog. Motor Another term in jail. Murat Halstead— A foreign "misslbn. Henry Watterson— A black-eyed god ! dess of reform. The New York Star— Sold again. Gov. .Saloon support. The Democratic Party— Wisdom. The Republican Party— The big head. A few more cashiers— Git for Canada. Bill Nye— A call to lecture. George Francis Train— Lots— in Omaha. Thurman — of Politics. The Globe— loo,ooo more subscribers. Parnell— from the London Times. The Whitechapel fiend— Get- caught. Marshal Wilder— (let off a new joke. \ Billy Florence— A new play. Jo Emmett— Get sober. Lydia Thompson— A leg not as shapely as it once was. John L. Sullivan— Thumped, though we don't know who can do it. j Eli Perkins— Get truthful. Bismarck- Peaceful in his old age. German* Get out of Alsace and Lor- j : aine. ! The Chicago girl— A big foothold. j Ben Harrison- Get there. ! St. Paul— An underground conduit. ! Mayor Hewitt— at the news papers. Every Democratic officeholder— Get bounced! PRICES HOLDING IP. In the selling of city property this year I have found the demand good from home people, and the prices as strong as last year. The cash involved ; in the sales lias not been as large as in ' previous years, and more time for pay ments has been given. I do not look for any particular activity in property until late next year, when the effect of \ < a new crop may be felt. One good crop, ; and St. Paul will advance as she never j has before. E. J. Hodgson. j WESTERN" LEGAL INGENUITY. i Puck. Sheriff— l have a warrant for your arrest. Outlaw— can't do it, old boy. I'm out 'it' jour district. Sheriff— Ah, well, some other time will answer. [To the mule]— Now- lift liim, Pete! — I THF. CHASE THE <. AIM! RE. —Now. my bird, you're in my district! TINA I '■:. (Victory!) THE STAGE—THE PL.AY. One Joes not go to the theater to stare at the stage, nor to concenter thought j upon the personality of the actor. The . play is the thing, and the more that we seek to study it the sooner shall we have a revival of the age of Shakespeare in the drama. MANY MILES OF BUILDING, The Building Frontage of St. Paul for 1888 Over 83,000 Feet. A FIFTEEN - MILE BLOCK. ~_ ' r. It Would Hake Both Sides of Seventh Street Solid for 276 1-2 Blocks, o or Ten Miles. _,|'j] The magnitude of the building opera tions pursued in St. Paul this year can be better appreciated by an illustration with figures now kept on record by the building inspector. The frontage of each building for which a permit is is sued is taken by the inspector. At the end of the year the total of these repre sents the number of feet frontage erected for twelve months. The record for 1888 up to to-day is as follows: Frontage, Month. Feet. January , 1,300 February ....'.....'...'.'.'..'.' .'.'..'..'.'.'. '. '. 3,039 March." 4,564 April 10,009 ton-; 10.10*. June 0,800 July 7,703 August 9.445 September 8,074 October 9,376 November 8,000 Decemoer 1,400 Total ... S-,430 Or, in miles i 1 -.3 That is, if all the buildings erected 111 St. Paul during 1888 were to be placed together and in one straight line, with out cross streets, that line would be I.V-,' miles in length. If cross streets were introduced, these buildings would build up one side of Seventh street solid for eighteen miles, or from University ave nue and Arundel in St. Paul to Hopkins station, eight miles beyond Minneapolis; or from the union station, St. Paul, to the Burlington railroad crossing at Hastings, or from Past St. Paul to Hud son. If both sides of the street were built up, and the cross streets were sixty feet wide, this frontage would make Seventh street a solid block on both sides for nine miles, or make ; a solid block on both sides ot the Mani toba track from its shops in St. Paul to East Minneapolis' Built up perpendicularly, this front age would make the highest pile ever known to man. Compactly laid out, it would make a city larger than Hastings, Fergus Falls, Moorhead or Brainerd. It would be nearly as large as Mankato or Red Wing. On an average of four persons to.a plan, it would give shelter to a city of over 13,000 inhabitants. The frontage lines alone, not taking into considered tion depth, would make a solid squads of 211 and a fraction feet on each side. In other words, to till her buildings Of the past. St. Paul has added this year enough new to build any town" in the state outside of Duluth, Minneapolis, Stillwater and Winona. It is estimated that the brick used alone would make a solid wall ten miles long, two feet thick and eight feet high ; the stone, a wall four miles long, three feet thick and ten feet high; the lumber, a fence that would enclose the combined areas of St. Paul and Minneapolis, and the nails a straight line from St. Paul to Milwaukee. GItOWTH IX FINANCES. I can in no better way illustrate St. Paul's financial growth than by the following comparisons taken from the city's books: SPECIAL RECEIPTS. From 1881. 18S5. lfi*"*-*-*. Co. treas. taxes. s274,B43 $510,431 S*s77.i;*__ Ttlunic/l court. 14,154 15.717 33,540 Liquor licenses 29.430 03,100 301. B'tch'r licenses 2,303 4.950 7.''00 Grading streets 51,859 273.449 634,000 raving streets 50,480 207.132 Sewers 30.500 ll7.:»So 114,597 Sidewalks 9,599 50,724 80,100 TOTAL BSCX-PT-, I*sßl $626,760 IS*S2 1,128,328 is-,;* 1,810,0H ISS. 2,613.921 ]sm 2,080.257 ]ssi; .T 3,013,338 18^7 4,690.376 1888 4,851,310 -FECIAL DISBURSEMENTS. For 1881. 1885. I*--**. city orders..? 140.920 $1,559,418 $2,891,988 Fire dep" t 156,128 257.758 Water dep 512,319 557,129 Interest coupons.. 101.090 183,987 218,392 Board ol' Education. DISBURSEMENTS. 1S«1 $170,193 1882 87,210 is-;: 358,179 1991 375.-H55 1595 363,209 1*580... 573.002 1--7 891 '.07 1838 731,081 QKOBQE Wei-. City Treasurer. VmV STATE FINANCES. Auditor Bratlen Presents Some Facts and Figures. The annual report of State Auditor Braden will contain the follow val uable data covering the year of :s*iß. and relating to the finances of Minne sota : . ' £<v ESTIMATE?. , -"'. Dbt'lirse- Tenr. Receipts. ments' i 1889 $1,854,690 $2,175,249 18l»0 1,747,500 1,313.890 181U 1,818,000 1,614,3*1 $0,420,190 $5,103,442 Surplus $310,741 The rate of taxation is only less than that of the states of Connecticut, In diana, Massachusetts, Michigan, Rhode Island and Vermont. £-3 STATE DEBT. "Minnesota 41*. per cents $3,965,000 STATE BONDS. "rl School fund $1. 981 .000 University fund 255.000 * $2,209,000 State debt less sinking fund of $1,994,209 $1,970,760 , SINKING TUND. Permanent school fund $8,258,096 Internal improvement land fund 2.205.598 ~m+- PLUMBERS GAIN. There has been a ten per cent in crease in our line of business over 1887. Not much new territory has been in vaded, and the gain has been largely from home. ** Rogers & Obdwat. QUERY. Go preach prohibition Till black iv the face, And claim that cold water Will wiu this great race. It all maybe true; But is it not queer That, even when dead. You must have a bier? • * v — Ltna Gilbert Brown. Kifgp-F----^ WB **g i "** B » B g* mwm "jf "SP*" 8 aggga apy psgaa sa-ggg -f 38^! The Only LINE in the World. g^ 0£0. H. MOIWWU. & CO. _^ fc— I ft I— J MANUFACTURERS OF I ifililiilfH; j^L— rf""""r'"" -Vk "IjSBP^I &r^ CS L-U Q /^ -""SS? qO 0 -CT| 3 5-^aS -^^SsL ""t b^ _r^_4nk iSSsSe^^p**^^^^^^^^ •%eenP _^_^__^<m*' _^^_t_t_\^AW__ S _^_mi-_Wet^ ■ BPM1T ,-r->«i B sM am—mm^—J—\ WR.' - /-.'''•■**' '25l*aPK^H ■•^ I -ay _wSt mtn r_^_t_xif!__m_ : /Zyjz_w&_\ mm-mms_w_wmn_^_w_\ "^IVrT^ Superior Brilliancy. fmS ' S§£j3§l J-t^3 ep^ °^ oA>r * g'fi | = / s OF ANY 8H 40 . 0*, • ~H t"-*""""" T made AT short notice. 1k--&k-W Our Inks are carefully prepared from stock manufactured and refined at our works from the crude materia]-", i*-------------n^"""* '■^^^^^^^^^^ *nder our own superr'sion, and are unequaled for uniformity, superior brilliancy and depth of color, and an particularly desirable for export. Our Inks are used extensively in the United States and Canada. W—Su\~m_t—W—W_m We respectfully solicit your trade. _Z____ 1^«ri^*-~-*~— CHAS M. MOORE s_WA_m BIBnHai 140 Congress Street. M *H*-MHHBB|HH| +-* UK UK ■*-* UK UK ■>*-» UK UK v* UK * +-*■ ' ' ~" 1 MANAGER, f — - W_W*<^_^_^_^_^_\ ■ ■ WYORKOFFICK. RoseStreet ug y^jjjj A VENUE, TH BBBH^Hi^HHi^BB^B •*/*-. +-* **: •*-♦■ -^. •*-* *#: •*-*•• ag -*-•» 'jk «■-*- --y. •+-■•• -ir. •*-* ng ■*>■•■» SAN FRANCISCO, CAL. CHICAGO wm __. -*--^k No. 520 Commercial Street. 0 *jj|***^^ V ■■■■■■■■■■■ — -if— v. ++■*. -+ v. <-. ~ ~ v.-* -<-*-. """v.-. ■■-*■ This Paper is printed with Gen. II. Morrill & Co.'s Inks. THIS PAPER IS PRINTED WITH GEORGE H. MORRILL -& CO.'S Perfecting Press News. 3