Wilmington journal., 1875-08-06
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Ci,oe th4 close Of the w1r the bank
ing pital of this city has been total
l. ;noIaouate for the requirements ot
our large and steadily increasing trade
ord commerce. IN this, the principal
commercial city Of the state the bank
;nr facifities are not equal to those OF
o.r,a of or interior cities. Our small
c.nital has, however been welded
with so much Judgment, skill, ana
energy. by the managers OF our Ice Il
hanks. ana the business t.c5 Of our
merchants. as to have become a sub
loot of wonder that such d vast amount
of busineas, could have been couduc-
ted with means so widely dispr oportr Ell
to the trade and commerce Of our city.
The ,lugil7tn1 has, however, been
reached. and it is believe 4 by many
whose judgments are worthy of the
highest consideration, that without
very largely increased banking faci!i-
ties, which of course means an in
crease Of capital, business must
Ianguish, and the vast additions u our
trade, which must, or should result
from the extensions of the Carolina
Central Rail ROud. he lost TO us.
Our foreign trad las Increased far
beyond the expectations of the most
sanguine advocate Of the policy of
building mp commercial relations and
direct trade with European nations
but we have not had the means OF re-
aliziug all the advantages that shonld
have accrued from this tlade. 1t Is
fair to conclude that this trade Will
continue to increase if we can com
mand the facilities necessary to sns-
tain it. These facts ana considerations
have induced the present stockholders
in the Dawson Bank to open the door
for an influx of capital, and the books
are now open for stock subscriptions
under the management of Directory,
composed Of some of our most promi-
nent, experienced and reliable mer-
chants and bankmen; and we can cor
daily commend them and their enter
prise to the confidence OF all who have
capital to invest.
We are assured that this movement
has not been inaugurated with any
view to the present or ultimate preju-
dice of the interests of the other
banks of this city, but with the firm
conviction that the interests, not of
the banks only, but of the entire com
munity, will be advanced by the sue
Cess of this scheme, even should the
capital reach one million.
Points where legitimate business
operations create an active demand for
capital, afford the best guarantee of
safety and of profitable returns on
capital invested in banking operations,
and we feel assured that the integrity,
sound Judgment and fnaIciel abality
and experience of the managers of
this institution may be safely relied
upon by all who may place their capi-
tai under their charge.
The character and standing of the
gentlemen who constitute It's manage
mcnt, we are glad to say, do, indeed,
give ample assurance that the affairs
of the institution will be safely, dis
creetly, prudently, and proftably con-
duc:ed. Mr.. F. w. K4rchner, the
President, has stood in the foremost
rank of our best business men ever.
since the renewal Of tIade after the war,
and possesses the confidence of the en-
tire community. Mr.. VIM. Larkins,
we venture to say, has NJ superior in
the State as a Bank Cashier. And
among the Directors, what can we say
OF James Anderson, Alfred Martin, A.
}. DeRossett, James Dawson, that
will add anything to their already well
earned honor and reputation ? And
" H"O N1Ah NC say VI OOhA hC-
Rae, who for SO many years and with
such signal success as it's President
managed, the affairs of the Bank of Viii
ming ton ? These gentlemen have been
known where yer tue business of Will
mington has been known for quarter
OF century.
Messrs. K .tz and Peschau are also
among our Oldest and most prominent
business men. Messrs. Boatwright
and Burr, though younger men, have
established most enviable regulations.
Of Col. Strange,it is needless to speak.
Mr.. Maultsby is citizen of Columbus
county, and a man of ample means
and business capacity.
Under such auspices therefore, as
these We feel fully justified in COM
mending the Dawson Bank to the con-
confidence and consideration OF the
community.