Studies in the South and West, with Comments on CanadaWarner, Charles Dudley
History
Studies in the South and West, with Comments on Canada
Warner, Charles Dudley
Canada -- Description and travel; United States -- Description and travel
In the year 1880 Chicago
imported merchandise entered for consumption to the value of
$11,574,449, and paid $4,349,237 duties on it. I did not intend to go
into statistics, but these and a few other figures will give some
idea of the volume of business in this new city. I found on inquiry
that—owing to legislation that need not be gone into—there are few
savings-banks, and the visible savings of labor cut a small figure in
this way. The explanation is that there are several important loan and
building associations. Money is received on deposit in small amounts,
and loaned at a good rate of interest to those wishing to build or buy
houses, the latter paying in small instalments. The result is that these
loan institutions have been very profitable to those who have put money
in them, and that the laborers who have borrowed to build have also been
benefited by putting all their savings into houses. I believe there
is no other large city, except Philadelphia perhaps, where so large a
proportion of the inhabitants own the houses they live in. There is
no better prevention of the spread of anarchical notions and communist
foolishness than this.
It is an item of interest that the wholesale drygoods jobbing
establishments increased their business in 1887 12 1/2 per cent, over
1886. Five houses have a capital of $9,000,000, and the sales in 1887
were nearly $74,000,000. And it is worth special mention that one man in
Chicago, Marshall Field, is the largest wholesale and retail dry-goods
merchant in the world. In his retail shop and wholesale store there are
3000 employes on the pay-roll. As to being first in his specialty, the
same may be said of Philip D. Armour, who not only distances all rivals
in the world as a packer, but no doubt also as a merchant of such
products as the hog contributes to the support of life. His sales in one
year have been over $51,000,000. The city has also the distinction
of having among its citizens Henry W. King, the largest dealer, in
establishments here and elsewhere, in clothing in the world.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account