[Volume XXVII
THE CHICAGO BANKER
20
MECHANICS ־ AMERICAN NATIONAL BANK
OF ST. LOUIS
CAPITAL $2,000,000	SURPLUS $2,500,000
Superior Facilities Offered to Correspondents
WALKER HILL, President	L. A. BATTAILE, Vice-President	J. S. CALFEE, Cashier	G. L. ALLEN, Assistant Cashier
JACKSON JOHNSON. Vice-Pres. EPHRON CATLIN, Vice-President	G. M. TRUMBO, Assistant Cashier P. H. MILLER, Assistant Cashier
& KÜHNE, Bankers
LEIPZIG, GERMANY
KNAUTH, NACHOD
NEW YORK
Letters of Credit
in Pounds Sterling, Dollars, Marks and Francs
Travelers’ Checks
in denominations of $10, $20, $50 and $100
Furnished to Banks and Bankers for direct sale to Travelers
INVESTMENT SECURITIES
attractive this state has become to the home-seeker and the homebuilder. In 1900 the population of the state was 500,000; to-day we have a population of 1,250,000, while the total assessed value of all property has increased from $350,000,000 to $790,000,000.
“There are now 450,000 acres of land under ditch in this state, not all cultivated by any means, and there are projects projected that will give water to 390,000 acres more, 327,000 acres of which will come under government projects.
“The irrigable lands are not confined to the Wenatchee, the Yakima, the Spokane and the Okanogan valleys. Throughout the length of the Columbia the same results can be and are being obtained in Stevens county, in the extreme Northwest, to Klickitat in the South.
“The same conditions exist along the Snake and Spokane rivers and a particularly fine orchard district is now flourishing around the city of Spokane, one of the chief cities of the state, with a population of 125,000 and the greatest railroad center in the state.
“The state is provided unusually well with transportation facilities. It has more than 4,000 miles of steam road and six transcontinental lines enter and traverse the state. In addition, interurban lines radiate from the principal centers throughout the surrounding country, adding 450 miles of electric roads to the steam.”
Seven Per Cent Dividends Paid
Dividends of 7 per cent over and above operating expenses, interest on bonds and taxes were paid by the Washington Water Power Company of Spokane on its interurban lines for the year ended June 30, 1909, according to a report filed with the state railway commission of Washington. The company operates 23 miles, being the line from Spokane to Medical Lake and the branch to Cheney. The total cost of the lines to June 30, 1909, was $526,825, or $23,025 to the mile, which is practically identical with the capitalization, which latter includes $310,000 capital stock and $217,000 funded debt.
The gross operating revenues of the lines were $121,340 of which two-thirds went for
agriculture, including stock-raising, lumbering, mining and power development would bring the four states to the forefront and provide homes for millions of contented people. He added that there are well developed transportation facilities, also that more lines are under construction and projected. In closing he said:
“Out of these four states, that are only at the threshold of their development, is carved the Inland Empire, and who shall say that the growth of commerce atid population will not, in due time,, make necessary for this veritable domain a coherent and harmonious self-government by the formation of a new state with Spokane as its capital?”
Washington an Attractive State
Governor Marion E. ITay, who was a visitor in Spokane this week, gave the appended statistics in the course of an address to growers and visitors from various parts of the United States and Canada assembled in the state armory here: “The rapid growth of the state of Washington in the last 10 years serves to indicate how
Foreman Bros. Banking Co.
no LaSalle Street CHICAGO
CAPITAL AND SURPLUS
$1,500,000
ESTABLISHED 1862
INCORPORATED AS A STATE BANK 1897
Officers
EDWIN G. FOREMAN, Pres. GEORGE N. NEISE, Cashier OSCAR G. FOREMAN, V. P. JOHN TERBORGH, A. Cash.
Spokane, Wash., November 24.—Nineteen million five hundred thousand trees were growing in the commercial apple orchards in Washington, Oregon, Idaho and Montana at the close of the season of 1909, distributed as follows: Washington, 9,000,000 trees; Montana, 4,000,-000; Oregon, 3,500,000, and Idaho 3,000,000. Authorities differ as to the production per tree. Some say six boxes or as many bushels, but to be conservative and make due allowance for the unexpected an estimate of two boxes is used for the production when all of these trees come into bearing in 1915. This would be a matter of 39,-000,000 boxes, or nearly 65,000 cars of 600 boxes each, representing anywhere from $50,-000,000 to $75,000,000, while at three boxes a tree the crop would fill 97,500 cars.
Howard Elliott, head of the Northern Pacific Railway Company, who enjoys the unique distinction of being president of the national apple show, quoted the foregoing statistics in an address at the second exhibition in Spokane on November 15th, following the formal opening of the exposition by President Taft, who pressed a golden button in the White House and sent a message of congratulation to the promoters of the enterprise and the people of the Northwest.
More than 1,500,000 apples in 1,260 displays, representing 23 states and two provinces in Canada, were entered in competition for premiums aggregating $25,000, the chief prize being the sweepstakes of $1,500, which carries with it the title of quality apple king of America. The space required to house the exhibits was three and a half acres and there was not a foot to spare. The show was attended by about 100,-000 men, women and children during the week. It was educational and inspirational and it is expected it will be the means׳ of directing continent-wide attention to an industry that is destined to equal if not eclipse the wheat growing business in a few years.
Mr. Elliott said that while the figures he used may seem large the}׳• indicate only the marvelous possibilities of the Inland Empire, saying also that the tremendous resources in other lines of