1914 Commercial club Paper  

1914 - Jan 29 - The paper read by the retiring president at the Commercial Club's banquet Thursday evening at the Osborn Hotel revealed the following comparisons during the past eight years of Culver ' s history:

The pop ulation has increased from 800 to 1,200;

assessed valuation has been raised from $234,000 to $370,000;

122 residences and business buildings have been erected, among which are

the public school building,
the Reformed Church,
large and modernly-equipped ice houses,
the bank building,
the post office building,
the Osborn Hotel ;

a water works system has been set up,

a public drinking fountain, and

many miles of cement walks, curbs, and gutters;

salary of the post office, based upon the increase of business, has grown from $1,600 to $2,200;

the bank has nearly doubled its capital and nearly trebled its business;

the telephone and railroad business has grown largely with the Vandalia's passenger receipts at this station now $40,000 per year and the receipts from i n coming freight about $56,000; and real estate has nearly doubled in value —

eight years ago the bank corner was on the market for $650.

Eight years ago there was one automobile intown, now there are 30;

there were three residences heated by furnaces, today there are about 30, and

gas-lighted homes have increased in about the same proportion;

there are 12 more business places now than eight years ago; and

the annual Academy payroll has now reached $92,000.