Value of products, including custom work and repairing
Total for selected industries for State
1900
5,139
59,057
$203,494,824
1890
3,667
50,674
155,920,549
Increase 1890 to 1900
......
1,472
8,383
$47,574,275
Per cent. of increase
......
40.1
16.5
30.5
Per cent. of total of all industries in State
1900
27.4
43.8
52.8
1890
26.1
40.8
48.0
Slaughtering: Total
1900
37
3,102
$43,040,885
1890
68
1,264
18,320,193
Tobacco: Total
1900
602
5,231
27,847,432
1890
430
4,411
17,583,646
Flouring and grist-mill products
1900
1,145
1,654
26,393,928
1890
710
3,011
34,486,795
Liquors, malt
1900
49
3,150
13,776,905
1890
30
2,834
16,954,137
Lumber and timber products
1900
1,197
6,043
11,177,529
1890
830
6,703
8,359,925
Carriages and wagons
1900
377
2,583
5,583,364
1890
425
3,026
5,233,324
Foundry and machine shop products
1900
261
7,084
15,073,005
1890
186
6,754
13,680,773
Cars and general shop construction and
repairs by steam railroad companies
1900
43
5,581
6,524,121
1890
27
2,859
2,890,542
Cars, steam railroad, not including
operations of railroad companies
1900
4
2,772
7,722,768
1890
5
1,854
3,974,173
Clothing, men's, factory product
1900
148
6,129
8,925,088
1890
59
6,113
8,113,852
Boots and shoes, factory product
1900
50
5,915
11,253,202
1890
29
2,716
4,841,004
Printing and publishing: Total
1900
1,100
7,256
15,355,949
1890
778
7,423
13,004,440
Coffee and spices, roasting and grinding
1900
27
499
5,266,264
1890
15
252
3,892,792
Confectionery
1900
99
2,058
5,554,384
1890
75
1,454
3,584,953
1829, when the United States Bank opened a
branch in Saint Louis. The branch was discontinued
in 1833. The Bank of the State of
Missouri, chartered in 1837, was a large institution
with five branches in the State, and was both a
bank of issue and discount. For twenty years it
had almost a monopoly of the banking business,
but its circulation was insufficient and in 1857
seven more banks of issue were chartered. Many
more followed. All were forced to conform to
the law which allowed the issue of only three
dollars for every dollar of specie. The law of 1857
provided also for a bank commissioner, who
should visit and examine the various institutions.
This office was soon abolished, and there sprang
up a number of small speculative banks, all of
which collapsed in the panic of 1873. The system
of national banking extended very slowly, but the
largest institutions sooner or later became
national banks. In 1868 the Saint Louis Clearing
House Association was organized with 35
members. Trust companies were first formed in 1889,
and became very popular. There always have been
many banks bearing the word ‘savings’ in their
titles, but none of them conformed to the
general plan of a savings bank. This is explained
by the fact that all the banks usually pay interest
on deposits.
The condition of banks in the State in 1902
is shown in the following table:
National Banks
State Banks
Trust Co.'s
Private Banks
Number of banks
77
589
16
46
In thousands of dollars
Capital
$21,543
$18,332
$19,150
$864
Surplus
10,267
6,436
14,715
266
Cash, etc.
24,154
7,566
933
799
Loans
146,913
88,099
67,450
16,633
Deposits
92,028
104,070
64,501
7,647
Government. The present Constitution was
adopted in 1875. A proposed amendment
becomes a part of the Constitution if approved by
a majority of the members elected to each House,
and in turn by a majority of the qualified voters
of the State. The General Assembly may at any
time authorize by law a popular vote upon the
question, “Shall a Constitutional Convention be
held to revise and amend the Constitution?”
If a majority of the popular vote approves, the
convention will be held. Voters must have
resided in the State one year, and in the county,
city, or town sixty days. General elections are
held biennially on the Tuesday after the first
Monday in November of even years. The State
is represented in the National House of
Representatives by 16 members. The capital is
Jefferson City.
Legislative. Members of the Senate (34) are
elected for four years, and Representatives for
two years. The Legislature meets on the first
Wednesday after the first day of January of odd
years. Compensation of members includes mileage,
and not exceeding $5 per day for the first
seventy days of the session, and $1 per day for
the remainder of the session. A two-thirds vote
of all the members elected to each House
overrides the Oovernor's veto. The power of
impeachment rests with the House, and the trial
of impeachment with the Senate.
Executive. A Governor, Lieutenant-Governor,
Secretary, Auditor, Treasurer, Attorney-General,
and Superintendent of Public Schools are elected
for terms of four years each. The Governor and
Treasurer cannot succeed themselves in office.
The Lieutenant-Governor, president of the
Senate, and Speaker of the House are in the line of
succession to the Governorship in case of
vacancy.
