- 1—Western Washington State Hospital for the Insane.
- 2—Children’s Home.
- 3—St. Joseph’s Hospital.
- 4—Fannie C. Paddock Memorial Hospital.
Increase in Bank Clearings.
Tacoma’s bank clearings reflect the marvelous growth of business transacted in this city. The total bank clearings for twelve months ending June 30, 1904, amounted to $102,301,642, as compared with $93,348,272 during the previous fiscal year, $51,838,768 during twelve months ending June 30, 1900, and $24,550,442 during twelve months ending June 30, 1897. TACOMA’S BANK CLEARINGS HAVE INCREASED AT THE RATE OF 97.3 PER CENT. IN FOUR YEARS AND AT THE RATE OF 316.7 PER CENT. IN SEVEN YEARS.
Realty Transfers and Improvements.
The number of real estate conveyances file for record during twelve months ended June 30, 1904, was 6,513, and the amount of expressed consideration was $6,302,837. This is an increase over the previous year of $1,096,206, or at the rate of 21.1 per cent., and in two years of $2,781,428, or at the rate of 79.0 per cent.
Activity in Building Operations.
There has been a phenomenal increase in building operations at Tacoma amounting to no less than 855.8 per cent. in five years last past. The following is the official record of the building inspector, showing the number and estimated cost of dwellings and total building operations for which permits were issued during the last six years. The building inspector’s record does not cover a large amount of building in the immediate suburbs of Tacoma, for industrial and residence purposes.
| Twelve Mos. ending June | Dwellings. | Total Permits. | ||
|---|---|---|---|---|
| Number. | Cost. | Number. | Cost. | |
| 1904 | 845 | $883,068 | 1,429 | $1,691,105 |
| 1903 | 620 | 665,895 | 1,043 | 1,543,755 |
| 1902 | 447 | 491,005 | 779 | 869,492 |
| 1901 | 251 | 316,640 | 652 | 692,156 |
| 1900 | 130 | 97,350 | 422 | 417,845 |
| 1899 | 74 | 51,195 | 371 | 176,934 |
Notwithstanding the investment of millions of dollars in Tacoma realty and improvements, the mortgage indebtedness shows no appreciable increase. In 1903, realty transfers reciting a consideration of $4,646,537, were recorded and permits were issued in the city of Tacoma for improvements estimated to cost $1,700,000. The net increase in the mortgage indebtedness, as shown by the record of mortgages and mortgage releases, was $169,655, or only 2.6 per cent. of the amount involved in real estate purchases and improvements.