. City of Minneapolis. A review of her growing industries and commercial development, historical and descriptive .. . he growth of the Minneapolis bankingbusiness. Snyder & McFarlane established the first bank in 1858, which was followed by one bank per CITY OF MINNEAPOLIS. ^^ year for the next twenty-four years; but they kept dropping down like pins in a bowling alley. Of thetwenty-five banks established during this period only ten survived in 1881, representing an aggregatecapital of $2,550,000. They were the First National, started in 1857 by Sidle, Wolford & Co.; Bank ofMinneapolis, 1867;
. City of Minneapolis. A review of her growing industries and commercial development, historical and descriptive .. . he growth of the Minneapolis bankingbusiness. Snyder & McFarlane established the first bank in 1858, which was followed by one bank per CITY OF MINNEAPOLIS. ^^ year for the next twenty-four years; but they kept dropping down like pins in a bowling alley. Of thetwenty-five banks established during this period only ten survived in 1881, representing an aggregatecapital of $2,550,000. They were the First National, started in 1857 by Sidle, Wolford & Co.; Bank ofMinneapolis, 1867; City Bank, 1869; Hennepin County Savings Bank, 1870; Northwestern National,1872; Farmers and Mechanics Savings Bank, 1874; Citizens Bank, 1876; Security Bank, 1878;Commercial Bank, 1880. FINANCIAL CORPORATIONS. Minneapolis is becoming the headquarters for heavy financial institutions in the West. During theyear ending August i, 1888, more companies were incorporated than in any three previous years, an increase in (if nearly 70 per ( ent. The list of new ruvy ■ms organized during the past year. includes mining companies to a great extent, manufacturing institutions, commercial and railroad com-panies. They numbered 143, with capital approximating $.77,000,000, while the corporations existingprior to August 31, 1887, numbered but 222. Each of these institutions is of great benefit to the large number, being composed of residents of other cities, serve to bring in outside capital andinterest Eastern business in Minneapolis. The mining companies are, as a general thing, owners ofnew but promising mines of all classes, located as far east as the iron fields of Michigan, as far southas the gold, silver, mica and tin deposits of the Black Hills in Dakota, and as far west as the richmineral fields of Montana. In time, they will give employment to large clerical forces at headquarters,and thus augment the popidation of Minneapolis. THE RETAIL TRADE. The Flour City has
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