The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1885-05-06
THE BANK OF DURHAM.
One Of the aSOIfd" Institutions OF
the state.
THE RECORDER TALKS ABOUT IT.

THE RECORDEa IALho ADooA
When the Bank of Durham wa
organized in January, 1883, it was IN
obedience to a popular and very ap-
parent demand for additional bank
ing facilities in this locality. The to-
bacco interest, growing with almost in
conceivable rapidity, called for large
sums of money other manufacturing
and mercantile interests required that
help which it becomes the province of
bank to extend, and so from the day
that the Bank of Durham opened its
| doors for the transaction of business
| it has met patronage of the best
possible class. Nor was the feeling of
confidence in it lessened by the fact
that Mr.. w. T. Blackwell was the re-
cognized head of the concern. Known
TO be possessed oflarge means known
to have great interests here indis:
solubly linked with the fortunes of
Durham, the people of town and coun
try, borrowers and lenders alike. were
sanguine as to the policy which the
new bank would pursue-a belief
that has been justified by existing
facts, for its policy has been as liberal
as is consistent with sound banking
management.
The officers of the Bank of Dur
ham are: w. T. Blackwell, President;
P. A. Wiley, cashier. Upon the lat
ter gentleman fall the everyday de-
tails of management-an onerous po-
: sition, and one that calls for executive
: and administrative ability such as is
gained only by experience. Mr..
Wiley was thirteen years cashier of
the Citizens National Bank of Ra-
leigh, so il is not difficult to infer how
we'll he is fitted to conduct this bust.
ness.
The Bank of Durham transacts a
general banking business 1t BUYS and
sells stocks and bonds, makes colIec-
tons on all accessible points, at the
. lowest rates, negotiates loans discounts
paper, buys and sells exchange, re-
, ceives deposits, brief transacts a
!, legitimate banking business, and as it
is possessed Of ample means it wields
q an influence and exerts a power that
rebounds to Durham's good. Were
We to fill columns ofspace with words
relative to the bank we could hardly
say more.
al We cannot close this article. how
: ever. without making brief personal
: illusions to Mr.. w. T. Black
, we'll. whose name is known in
| every country on the face of the
q globe. He Is the '.father of Durham, d
q His business energy has made the
a name of our rapidly growing town fa-
n NOUS wherever smoking tobacco is
used, and it is to him and his far
y sighted policy that Durham, has the
. . distinguished honor of possessing the
), largest smoking tobacco factory in
- the world. The names of w. r..
! Blackwell and Durham Bull" are
= synonymous in tobacco circles. Mr..
: Blackwell spent a fortune in adver.
: Using Durham Bull" smoking to-
n bacco, and it has become recognized
, as the trade mark of reliable goods,
and although he retired from manu-.
, featuring operations two years ago
4 his name still appears upon every
:, package that the factory turns on,
, and the business is still prosecuted
under the name of Blackwell's Dur.
ham Tobacco Company.
Mr.. Blackwell continues to do all
!, in his power to advance the welfare
!. of Durham. He has built not less
~ than two hundred residences here
and he now contemplates building a
y street railway track from BlackweIPs
- Park to the Cotton Factory. The
: park is already delightful place,
. and in it is half mile track, without
: doubt the best in the State. Mr..
Blackwell is also largely interested In
: the purchase and sale of live stock,
. not unfrequntly having as many as
| 125 head at his stables, which are
y under the charge of Mr.. George
y Harden. He also is engaged in far
!, ming-in other words he is one of
z our busy men-a man who finds en-
!. joyment in accomplishing something,
and it is equally true that Durham
= never has had and never will have a
1 warmer, truer friend.