Biographical and historical memoirs of Pulaski, Jefferson, Lonoke, Faulkner, Grant, Saline, Perry, Garland and Hot Spring counties, Arkansas, comprising a condensed history of the statebiographies of distinguished citizens...[etc.], Part 61

Author: Goodspeed, firm, publishers, Chicago. (1886-1891. Goodspeed publishing Company)
Publication date: 1889
Publisher: Chicago, St. Louis [etc.] The Goodspeed publishing co.
Number of Pages: 826

USA > Arkansas > Faulkner County > Biographical and historical memoirs of Pulaski, Jefferson, Lonoke, Faulkner, Grant, Saline, Perry, Garland and Hot Spring counties, Arkansas, comprising a condensed history of the statebiographies of distinguished citizens...[etc.] > Part 61
USA > Arkansas > Garland County > Biographical and historical memoirs of Pulaski, Jefferson, Lonoke, Faulkner, Grant, Saline, Perry, Garland and Hot Spring counties, Arkansas, comprising a condensed history of the statebiographies of distinguished citizens...[etc.] > Part 61
USA > Arkansas > Grant County > Biographical and historical memoirs of Pulaski, Jefferson, Lonoke, Faulkner, Grant, Saline, Perry, Garland and Hot Spring counties, Arkansas, comprising a condensed history of the statebiographies of distinguished citizens...[etc.] > Part 61
USA > Arkansas > Hot Spring County > Biographical and historical memoirs of Pulaski, Jefferson, Lonoke, Faulkner, Grant, Saline, Perry, Garland and Hot Spring counties, Arkansas, comprising a condensed history of the statebiographies of distinguished citizens...[etc.] > Part 61
USA > Arkansas > Jefferson County > Biographical and historical memoirs of Pulaski, Jefferson, Lonoke, Faulkner, Grant, Saline, Perry, Garland and Hot Spring counties, Arkansas, comprising a condensed history of the statebiographies of distinguished citizens...[etc.] > Part 61
USA > Arkansas > Lonoke County > Biographical and historical memoirs of Pulaski, Jefferson, Lonoke, Faulkner, Grant, Saline, Perry, Garland and Hot Spring counties, Arkansas, comprising a condensed history of the statebiographies of distinguished citizens...[etc.] > Part 61
USA > Arkansas > Perry County > Biographical and historical memoirs of Pulaski, Jefferson, Lonoke, Faulkner, Grant, Saline, Perry, Garland and Hot Spring counties, Arkansas, comprising a condensed history of the statebiographies of distinguished citizens...[etc.] > Part 61
USA > Arkansas > Pulaski County > Biographical and historical memoirs of Pulaski, Jefferson, Lonoke, Faulkner, Grant, Saline, Perry, Garland and Hot Spring counties, Arkansas, comprising a condensed history of the statebiographies of distinguished citizens...[etc.] > Part 61
USA > Arkansas > Saline County > Biographical and historical memoirs of Pulaski, Jefferson, Lonoke, Faulkner, Grant, Saline, Perry, Garland and Hot Spring counties, Arkansas, comprising a condensed history of the statebiographies of distinguished citizens...[etc.] > Part 61

Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).

The business has since continued to improve, but the most rapid improvement has been made since 1880. The city has widened out, extending

385

PULASKI COUNTY.

to the east, south and southwest, covering a very extensive area, and its population is now estimated at from 30,000 to 35,000. Farther on will be mentioned in detail its various institutions, depart- ments of business, public works, etc.

The government of the city consists of a mayor, board of common council, city attorney, city clerk, police judge, police force and other proper offi- cers. Following is a list of the names of the may- ors of the city, with their term or terms of service from 1836 to the present writing (August, 1889): Jesse Brown, 1836-40; S. H. Webb, 1840-42; John Widgery. 1842: Samuel G. Trowbridge, elect- ed rice Widgery resigned May 24, 1842; Thomas S. Arnold, elected vice Trowbridge resigned Jan- nary 4, 1843; Eli Colby, elected vice Reynolds re- signed September 12, 1843; William Brown, Sr., 1844-45; Lambert J. Reardon, 1845-47; R. L. Dodge, 1847-48; S. H. Webb, 1848-49; Roswell Beebe, elected vice Webb resigned April 19, 1849; D. J. Baldwin, elected vice Beebe resigned Febru- ary 13, 1850; John E. Knight, 1851-52: A. J. Hutt, 1852-54; Thomas D. Merrick, 1854-55; C. P. Bertrand. 1855-57; W. E. Ashley, 1857-59; Gor- don N. Peay, 1859-61; William E. Ashley, 1861 to Federal occupation September 10, 1863; J. J. McAlmont, 1866-67; J. W. Hopkins, 1867-68; John Wassell, military appointment, 1868-69; A. K. Hartman, 1869, suspended January, 1870; J. G. Botsford, elected by council to fill vacancy; Robert T. Catterson, 1871-73; Frederick Kramer, 1873-75; John G. Fletcher, 1875-81; Frederick Kramer, 1881-86; W. G. Whipple, present incum- bent. elected in 1886.

Following is the official debt statement of Little Rock, for 1888, as presented by the city clerk :

CITY CLERK'S OFFICE, LITTLE ROCK, ARK., January 28, 1889.

To the Honorable Mayor and Aldermen, City of Little Rock: GENTLEMEN-I submit the following debt statement for the year 1888:

6-20 Bonds, issue of 1875 $117,058 38

6-20 Bonds, issue of 1877. 9,002 59

6-20 Bonds, issue of 1879. 41,239 13-$167,300 10

Interest from January. 1888, to February 1, 1889. 5,855 50 5,855 50

Judgments in United States Cir-

cuit Court. 24

28,784 71

Interest to February 1, 1889. . . .. $7,927 71 $36,712 42

Judgments in Pulaski Circuit

Court 15,299 93

Interest to February 1, 1886. 4,735 97

20,035 90

Warrants payable in 1889. 10,916 20

Warrant payable in 1889, Electric 6,000 00 16.916 20

Warrant payable in 1890, Huse. . 530 00

530 00

Warrant payable in 1890, Electric

5,000 00

Warrant payable in 1891, Electric

5,000 00

Warrant payable in 1892, Electric

5.000 00

15,000 00

Open Ledger accounts.

8.445 13

8,445 13

Accounts and claims incurred in 1888 16,864 73

16,864 73

$287,659 98

Less amount in hands of Treas- urer, December 31, 1888. 3,448 11

Total amount of indebtedness. $284,911 87

Respectfully submitted,

1I. C. JONES, City Clerk.

Examined and approved: C. T. WALKER, G. M. D. CANTRELL, ALBERT WASSELL,

Finance Committee.

Since the above statement was published, cer- tain bonds have been refunded at a less rate per cent, and others have been paid and the bonded indebtedness reduced at this date, September, 1889, to about $152,000. For a city of its magnitude and wealth the public indebtedness of Little Rock is small.

There is nothing more uncertain and unreliable than estimated populations. In the absence of re- liable data, it is as natural for the citizens of a town or city to overestimate their population as it is for water to run down hill. From a number of surviving old citizens of Little Rock, there have been obtained estimates of its population at vari- ous times in the past, and the figures given are both amusing and confusing. The place has been considered to have had a population of 8,000 at one time during the 50's, and 6,000 in 1860, and equally as erroneous figures for other dates have been given. The United States census reports indicate the population of Little Rock, at the dates shown, to have been as follows: 1850, white, 1,621, slaves, 525, free colored, 21, total, 2,167: 1860, white, 2,874, slaves, 846, free colored, 7, total, 3,727; 1870, white, 7,101, colored, all free now, 5,274, total, 12,375; 1880, total white and colored, 13,138.

386

HISTORY OF ARKANSAS.

This demonstrates an increase from 1870 to 1880 of only 758, which is obviously erroneous. It is claimed by good citizens of the city that in 1880 the census was carelessly enumerated, that the people of entire blocks were omitted, that dur- ing the 70's, with the exception of about two years, consequent upon the financial panic of 1872 and 1873, the city had a gradual and liberal in- crease in its population, and that in 1880 it was much larger than shown by the census reports. The population of the city is now carefully esti- mated to be between. 30,000 and 35,000. This may seem startling, but it is believed that the United States census for 1890 will show that it is not an overestimate. The citizens will endeavor to have the enumeration for the forthcoming cen- sus made full and complete. Following 1880, the city has grown much more rapidly than at any time prior thereto, but its most rapid growth has been during the last four years. Its growth is not the result of a " boom," but it is substantial and healthy. The natural advantages and great re- sources of the place are becoming known, and manufacturing establishments, business houses and dwellings are being constructed at a rapid rate. Business is flourishing.

The public works of Little Rock are worthy of careful attention. The city is supplied with a complete telephone system with wires extending to all its parts, and "'Hello' is sounded into the metallic ear of 700 telephones." It is also brought into close connection with the outer world by the numerous telegraph lines passing through or cen- tering here. Twelve miles of street railway, with horses or mules as motive power, are operated in the city, besides three miles of the dummy line owned and operated by the City Electric Street Railway Company, which was organized in De- cember, 1887, with Howard Adams, president; M. W. Benjamin, secretary, and John B. Jones, treasurer. It was the intention of this company to use electric power, but as the charter gave them the right to use steam-motors, they concluded to use the latter temporarily until the development of some more satisfactory power. The line was built from the heart of the city, corner Second and

Louisiana Streets, and runs alternately to the west and south to new additions in the suburbs of the city. The road was completed, equipped and be- gan to be operated July 4, 1888. Two trains, each consisting of a " dummy " locomotive, with one or two cars as occasion requires, are used on the road. and each one makes the round trip in an hour, the two meeting midway on the line. It is the inten- tion of the company to extend their lines, if possi- ble, to embrace the whole city.

The city is supplied with a good system of water-works, originally constructed by Mr. Zeb Ward, but now owned by the Home Water-Works Company. About two miles above the city the water is pumped from the Arkansas River, by steam- power, into reservoirs located on a mountain 247 feet above the city. There are two reservoirs ad- joining, being separated only by a wall, the one being somewhat higher than the other. The water is first pumped into the more elevated reservoir, where it settles and filters into the other from whence it is conducted through "mains" and pipes to all parts of the city. These works were first operated in May, 1887. The mains and pipes are constantly being extended to meet the demands of the growing city. The high eleva- tion of the reservoirs gives sufficient pressure to throw the water above the highest buildings in the city, and the supply being abundant, the fire de- partment is well supplied with the element that extinguishes fire. It is claimed that the water system of Little Rock is the most complete to be found in the South, and for purity the water is unexcelled. The city is also supplied with a good sewerage system and an ample fire department, and the streets are being paved with granite taken from the extensive quarries only a mile and a half distant.

The Little Rock Gaslight Company was organ- ized in 1855, by J. L. Strother. It was reorgan- ized about December, 1879, and the works bought by St. Louis parties. John W. Harrison was made president and Lewis Hoster secretary. It re- mained thus until, upon foreclosure of its bonds, it was bought in by its successor, the Pulaski Gas- light Company, December 11, 1879. In January,

₹1 6

387

PULASKI COUNTY.

1882, John D. Adams was elected president and Dean Adams secretary. In 1888 Mr. Charles F. Penzel was elected treasurer. These are the pres- ent officers. The company had gas for illuminat- ing purposes only, until the Little Rock Electric Light Company was organized in 1880, with R. A. Edgerton president. In March, 1887, the latter company bought a controlling interest in the works of the former. At that time only about sixty arc lights were in use, and the works were located in rented buildings. The present officers are James A. Fones, president, Dean Adams, secretary and manager. They have since erected a two-story building, 60x75 feet in size, replaced the old ma- chinery with new, and greatly increased the power, and have now 110 arc lights and 1,300 incandes- cent lights. The company has recently added the Springer process of manufacturing water gas, with a capacity to furnish 250,000 feet per day. The improvements made in 1889 for both gas and elec- tric light aggregate $50,000. The gas mains meas- ure about eighteen miles in length.

In addition to the foregoing, the city of Little Rock has an electric light plant, which was put into operation September 1, 18SS. It now con- sists of the plant proper. 111 lights and five'towers, covering several times the area of the old gas sys- tem. At this writing it has been in use one year, and has cost the city between $6,000 and $7,000, which is only a little over half of what it formerly cost per annum for lighting the streets. Of course this does not include the cost of the plant.

An incandescent light plant is also owned and operated by Messrs. Hornibrook and Townsend and Mrs. Angelo Marre. Little Rock is supplied with from ten to twelve miles of street railway, by the Street Railway Company. The Little Rock Board of Trade, a large corporation of business men, has erected for its use, and now occupies, a large and commodious brick building on the corner of Second and Scott Streets.

The United States arsenal grounds, consisting of thirty six acres, lie in the southeastern part of the city, and were purchased in 1836 from Hawk- ins, McLean & Blodgett, at $100 per acre, by Rich- ard B. Lee, acting ordnance officer of United States

artillery. Two years later Lieut. John T. Lee, of the ordnance corps, was assigned to duty here, and at once began inclosing the grounds and erecting suitable buildings. "Five large brick buildings, consisting of an armory, commanding officers' quarters, a barrack for one company, ord- nance storerooms and workshops, quartermaster's and commissary's storerooms, were built under his supervision, also a magazine, brick stables and outhouses. Lieut. Lee was relieved in 1842 by David Butler, ordnance department, who con- tinned to beautify the grounds by transplanting forest trees and shrubbery, and by grading walks and drives, until 1849, when he was relieved by Capt. James Morgan, who, in turn, was succeeded by Lieut. C. P. Kingsbury, ordnance corps, Sep- tember 1, 1851. Lieut. Kingsbury was relieved July 22, 1853, by Capt. A. B. Dyer, who was succeeded by the military storekeeper, T. C. Hum- phreys, ordnance department, June 8, 1855. He continued in charge until February 19, 1858, when Military Storekeeper W. R. Andrews, ordnance department, relieved him of duty. Andrews con- tinued in charge until the day of his death. August 30, 1858. Military Storekeeper Richard Fatherly, ordnance corps, took charge and continued on duty until relieved, December, 1860, by Capt. James Tot- ten, Second Artillery, who, with his company, had been ordered to this post to winter, in consequence of drouth and scarcity of provisions at Fort Smith."

The post was continuously occupied as a mili- tary station until the War of the Rebellion. On February 18, 1861, it was evacuated, and the Gov- ernor of Arkansas, with his militia, took charge of and held it until it was retaken by the United States forces, which were under command of Maj .- Gen. Steele, on September 10, 1863. The commanders of the post since that date have been so numerous that space will not admit of the mention of all of their names, the command having changed hands, some years, nearly every month. At this writing Capt. John S. Bishop, of the Thirteenth United States Infantry, is in command, and to him ac- knowledgment is due for valuable information pertaining to the arsenal.

The buildings on the arsenal grounds are as

388

HISTORY OF ARKANSAS.

follows: Post guard house at front gate on the north; headquarters at west gate, officers' quarters and commanding officers' quarters, large brick houses in the center; post hospital at east gate, dead house near by; non commissioned staff quar- ters, several buildings; blacksmith shop and car- penter shop, married soldiers' quarters, magazine, acting assistant quartermaster's and acting assist- ant commissary of subsistence, offices, stores, and prison room, company barracks, officers' quarters, mess room and kitchen, tailor shop, saddler shop stables, post bakery and new post guard room. The grounds are laid out with drives and walks. and are beautifully ornamented with grass lawns, flower gardens, shrubs and shade trees, and are kept in perfect order.

The following extracts from the pen of M. W. Manville, the able secretary of the Pulaski County Immigration Bureau, shows the advantages of Lit- tle Rock, pertaining to education, taxation, health, climate, etc. : The Arkansas University, St. John's (Masonic) College, Female College, Medical Col- lege, Philander Smith College, St. Mary's (Catho- lic) Academy, and Little Rock Business Institute, afford every facility for a liberal training, and ena- ble every parent to bequeath to the nation that greatest of all legacies, an educated family. The hotels are numerous, commodious and reasonable. Appropriate State buildings for a commonwealth are located here. Intimately associated with this summary of conveniencies is the question of their cost. The constitution prohibits a tax beyond 5 mills for general purposes. By consent of prop- erty owners, even for local improvements, only 10 mills can be imposed. One mill is ample to pro- vide a sinking fund to speedily wipe out the small bonded indebtedness. A subject of wise concern is the healthfulness of a locality selected as a per- manent home. Little Rock is the most healthful city in the Union. This is a broad contention that we do not ask to be accepted on assertion, but ap- peal to the record. From the surgeon-general's report, made July 25, 1887, showing the death rate per 1,000 per annum. in the largest city in each State at which troops were stationed, is given as follows: Boston, 18: New Haven. 22; Newark, 26;

New York, 29; Philadelphia, 20; Norfolk, 48; Wil- mington, 45; Charleston, 44; Atlanta, 31; Jackson- ville, 17; Mobile, 42; Natchez, 30; New Orleans. 25; Little Rock, 11. Who will dispute the verdict of disinterested medical statistics! Nor is the reason for this favorable exhibit far to seek. Conforma- tion to the highest health conditions are found in the city's site. Starting at an elevation of sixty feet above the Arkansas River, by gentle ascent, it reaches 211 feet within the corporate limits; adding to this our 288 feet above the sea level, our claim is strengthened. Again, Little Rock is cres- cented by mountains, with the horns toward the southeast. The configuration is such that the fierce, keen, biting winds, that sweep the treeless plains to the north and west, are shorn of their terrors before they reach this point. Yellow fever has never attacked a citizen. and stricken ones from other localities find in our bracing air the restora- tion of hope and health. The temperature does not interfere, in any degree, with work in the open air; is not enervating in its influence, and cases of sunstroke are unknown. Summarizing, it may be said that in any part of the year, days too hot or too cold for those engaged in ordinary outdoor avocations are rare. The nights are uniformly cool, even before sunset; on our warmest summer days, the rarefied air begins to rise, and the cool, purer, heavier air from the mountains sets in toward Little Rock. The blending of these high- ly favorable hygienic conditions makes Little Rock a favorable residential city.

Again we fortify our assertions by the report of United States Signal Officer W. U. Simons:

YEAR.

Average

eter.

Average.

Highest.

Lowest.

Humidity.

Annual Rainfall.

1880

29.745

61.9 95.0

6.0

73.8

56.35

1881

29.747

63.0 102.0

18.0

72.2

43.03

1882

29.736

62.9

98.0

17.0

76.7

75.54

1883

29.764

62.1

98.0

12.0

3 5

76.1

71.20

1885

29.723

61.0 100.0

9.6

72 9

35.91

1886

29.723

58.9

97.8

-4.8

76.4

47.47

1887

29.726

62.0 100.0

0.4

68.9

38.56

1888

29. 735

61.6

99.0

8.0

73.5

52.96

Barom-

THERMOMETER.

Average Relative

55.62

1884

29.745

61.4 101.3

389

PULASKI COUNTY.

We challenge the whole west to produce a point where, taking all things into consideration, a home- seeker can find conditions equally favorable, and where he can make a decision that he will be more certain to rejoice over in the future. Living is cheap. The trade and commerce of Little Rock assumed the grand total of $18,000,000 last year. Building trade is brisk and architects busy, real estate steadily advancing free from excitement, and sold on its merits. The substantial immigration coming in is welcome.

According to J. R. Homer Scott, among the first persons buried in Little Rock were two or three children of Robert Crittenden, and two cous- ins of Mr. Scott, the latter being Mrs. Samuel M. Rutherford and Mrs. Robert M. French, formerly Elizabeth and Sally Parr. The spot of ground where they were buried was near Robert Critten- den's house, now the residence of Gov. John T. Eagle, on the corner of Eighth and Cumberland Streets, and was then covered with small black- oak timber. The remains of a few other persons were also buried there. In August, 1885, when an excavation was made for improvement at the State house, three graves were opened. containing the remains of as many individual persons. The question then arose as to whose remains they were, and from the answers given by different surviving early settlers, the conclusion was reached that they were probably the remains of Gen. Edmund Hogan, wife and son.

During the growth of Little Rock the following cemeteries have been established and maintained for the burial of the dead: Mount Holly Cemetery, situated between Eleventh and Thirteenth, and Broadway and Gaines Streets; Calvary Cemetery (Roman Catholic), situated on the Hot Springs road, two miles southeast of the State house; He- brew Cemetery and Oakland Cemetery, situated and adjoining each other in the southeastern part of the city, and the National Cemetery, situated on the Pine Bluff Road, two and one-half miles south- east of the State house.

The city contains four public parks, named and located as follows: Alexander, southeast corner Main and Seventeenth Streets; Deuell Louisiana,

between Seventeenth and Eighteenth; West End, west end of Fourteenth; Mountain, situated on Big Rock, two miles above the city and on the opposite side of the river, consists of about 100 acres, on a promontory 200 feet above the river level. A large hotel overlooking the river and surrounding country has been erected in this park, from the observatory of which the peaks of the Maumelles and other mountains can be seen at great distances, and a bird's-eye view of the city is obtained.

" Romantic and wild are proud Scotia's mountains, And fair are the plains of Imperial France,

And Grenada may tell of her groves and her fountains, And mingle the mirth of the song and the dance; The climes of the East may exhibit their treasures,

Their palm trees may bloom and their waters may fall, And music may wake to enliven their pleasures, But there is one spot which is dearer than all,

' Tis the land that we live in, the land that we live in!"

The following promiscuous facts pertaining to the Arkansas River and its navigation have been compiled from various sources: In the latter part of December, 1821, the stream was frozen over at Little Rock for about a week. It was again frozen across at the same place January 30, 1834; sub- sequently, in December, 1855, it was frozen over, and again and the last time, early in January. 1864. January 1, 1864, will long be remembered throughout the country, and especially by the sol- diers of both armies of the Civil War then in progress, as "the cold New Year's."

On June 10, 1822, the river was higher at Lit- tle Rock than at any time following 1814, and on March 28, 1825, it rose to a point only six inches below the high-water mark of 1822. In May, 1826, it rose eight inches higher than ever before known, and on June 19, 1833, it rose to a point two feet six inches higher than in the memory of the oldest inhabitants. That year the cholera raged at differ- ent points along the river. In 1840 the river rose to within five and a half feet of the high water mark of 1833. Great rises in the river have frequently occurred since 1840, but usually without doing severe damage. As heretofore stated, high-water mark of the river at Little Rock reaches to a point

390

HISTORY OF ARKANSAS.

two feet below the top of the masonry of the draw- pier of the lower railroad bridge.

In 1819 the United States expedition, under Maj. S. H. Long, passed up the Arkansas River on its way to the Rocky Mountains. On March 31. 1820, the steamer Comnet, in charge of Capt. Byrne, arrived at Arkansas Post from New Orleans, being the first steamer to enter this river. On March 16, 1822, the steamer Eagle, Capt. Morris, arrived at Little Rock, seventeen days from New Orleans, the first steamboat to reach this point. She pro- ceeded up the river to within twelve miles of Dwight Mission, then in the Cherokee Nation. This mission was located on or near the Chero- kee Reservation in what is now Pope County, Ark. On April 9, 1822, the steamer Robert Thompson, Capt. Dohrman, arrived at Little Rock and proceeded up to Fort Smith, being the first steamboat to reach that point. On Feb- ruary 18, 1834, the Archimedes arrived, being the first snag-boat to reach Little Rock. November 17, 1835, the famous David Crockett passed through Little Rock on his way to Texas to join the patriot army.

Little Rock is situated at the head of deep- water navigation, but for large vessels the river has never been navigable at all seasons of the year. Old river boatmen say that before the railroads came it was the custom for merchants along the river to send their orders for goods with the steam- boat captains to Cincinnati, St. Louis, Memphis or other points; and frequently on their return, after passing Little Rock, they would have to " lay up" and wait for a rise of the river, which sometimes would come in a few days and sometimes not until weeks or even months had passed away. The river is a great advantage in shipping heavy commodi- ties to and from Little Rock, and especially is it a benefit to the city in controlling the tariff charges for shipping on the railroad lines.

Heavy storms or tornadoes are reported to have passed over Little Rock on the following dates: May 13, 1822; May 31, 1830; May 9, 1837, and June 6, 1840, none of recent dates.

In the Arkansas State Register, of August 17, 1889, under the head of "Our Banking Interests,"

a well-written account of the financial interests of this locality appeared, which is here reproduced as a matter of important consideration:

The commercial prosperity of a community may be more readily determined by an examination of the condition of its monetary institutions than, possibly, by any other means; and, as the several banking houses of Little Rock have made such re- markable progress within the past few years, it affords The Register much pleasure to refer to them as they were, and as they are, with their solid foundations and constantly increasing busi- ness.

That the banking interests of Little Rock have assumed vast proportions within a recent period will readily be understood when we consider that for many years two banks, with moderate capital, transacted the business of the city, which now re- quires three National, one State and two private banks, with an aggregate capital of almost one and one-half million dollars. The banking busi- ness, so far from being overdone in Little Rock, offers an excellent field to the capitalist. Rates are moderate and losses small. While the banks are accommodating, they are also conservative. They are conducted upon the broad principle that low rates of interest on good commercial paper is bet- ter for all parties interested than extortionate in- terest and great risks.

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Biographical and historical memoirs of Pulaski, Jefferson, Lonoke, Faulkner, Grant, Saline, Perry, Garland and Hot Spring counties, Arkansas, comprising a condensed history of the statebiographies of distinguished citizens...[etc.], Part 61

Author: Goodspeed, firm, publishers, Chicago. (1886-1891. Goodspeed publishing Company) Publication date: 1889 Publisher: Chicago, St. Louis [etc.] The Goodspeed publishing co. Number of Pages: 826

Author: Goodspeed, firm, publishers, Chicago. (1886-1891. Goodspeed publishing Company)
Publication date: 1889
Publisher: Chicago, St. Louis [etc.] The Goodspeed publishing co.
Number of Pages: 826