The daily citizen. [volume] (Asheville, N.C.) 1889-1890, 1889-12-24
BUSINESS OUTLOOK.
GREAT HOPEFULNESS FOR
ASHEYILLE'S FUTURE.

Resume-The Building Boom
Unprecedented-Th Banks Ex.
PeCt Good Results from Crops.
To give the opinions of all of our citi-
zens, as we proposed last week to do, oc-
cupes far more space than we antici-
pated. Such absolute unanimity we have
never experienced. We to-day have only
room for the opinions Of our bankers, and
of one OF our real estate firms. In the
latter we are sure that all other agencies
will concur.
We hoped to make condensed state
ment of building operations, but they are
really too extensive for us to touch upon
with the brief space at our disposal. Suf-
flee it, in this connection, to say that one
gentleman, new resident, Mr. McAfee,
has within a few months erected two
large and elegant storehouses on Patton
avenue, and has five comfortable dwell
ings almost completed on Spruce street.
No stronger proof Of his sincere belief in
Asheville's future can be asked. He has
made large investment, expecting lib
eral returns in rents. In this we know he
will not be disappointed. Houses are in
continual and increasing demand. We
know of one residence being rented last
week at the rate of $500 per month.
This seems high rental at first sight,
but bnowing the elegance both of build
ug and furnishing yo do not hesitate to
say that the renter even at This price has
obtained a borpain
Nrr first interview is with
Mr.. b.. rriLIa".
the cashier of the National Bank of Ashe.
VILE, who said that wmle money matters
seemed unusually stringent this was cw-
ing to the large amount required nov for
carrying on the extensive building COT
tracts, which could he seen in rveryuul,.
ter, and also for moving the unusually
large tobs,co crop He predicted rngt
each OF the BAN u Asacylll; yyould 90,
larger business aud make more money
next year thon ever heioce,
Mr. LOUD, -
OF The Western Carolina bank, $40
Tho bes, reply can rnajs- IS to refer .,
our Npshed stat ''ent' u v ilch ma,
...H u weNHll, "t. auu"ry l, pay a
a.m mHannua' 'ividrad of( per cent, Keen. s..
mg up 'ylfh the rate which5as ycep lie.
cIa.,g each half ,..s,r s,,,, u. e,,I-
.,,.o "a, I;sh.a ar, - "'S
-. =, ' go
ctmAet ii, our surplus will cqual 80 +
cent O he capital stock"
HR. ". f. BREEsE,
of the F,,. .at:oual ank said that ~,
...:.:...
'HS''''s 'h
1890. Scare OF 'noneyin he South had
caused serious etrnGcncy the pAst year
The unusually pog-' rrons recuired more
,,,,r,,. +o ,,,,,e +l,s , ,l,a,, Us ,;r,,,la
ION The a,rornt -. ,irc,,,atior :, The
Ir,.to,i e+.+,.s 80 $40 -. ..,..;+, ,,,b;i. i,
e,.orcs i &c o,,e,. $40 Tbrl,,L L,-,,y ~, NJ
eocn oon aaO ,,f. s;,,o- ., +l..+r,.s,,r,,;g.,
se,;ors b,rr5er so also j. i've nsrrr
launo>y N torce IN this Stare
Ne Rreese added that he co,,,d NOT
snooL more s+ronqlv or this matter than
+o acbo the words of David Ramsey the
historian who in 1909 wrote of psury
lo,ys nc fo1lowe.
"The ;r+en+ior of the laws AGAINST
usurv is humane, being designed to save
men from the effects OF their. own folly
ana indlscretlon' ou' the Polcy Is ques'
o.TL1 ,.her left +o irsrIf will like al
other things fndits-aYu level Where it
is hedged around with penal laws the,
lender will not part with hls money till
lie 10 seIuiIi nol Only 's,s. 'lS t;So.,
of his being subjected to the consequences
of violating the laws.
Tins raises the premium and increases
'iis u'stieSses vi 'lie uiS'iesseu'
4N1 w - !" Vi
wv "hsi'
e"l eS'"'e agents. s'''u o"' .'uS'-
ness Is eA'eiient anu most promising
'or next year ne poP"iu''on o' Asne-
eii'e mas nv ies''>O ~ WV y'' '0Ai
''ooo " A@'0oo no'"i'ls' 'anuins 'ne d.
.'seu u"'inS'S ~ i>"' ' MS p'''-@
is becoming DETER Ai'o"n eaeh year
ne "'no"n' u Ou"ui"s 10 u"p'sesuen'eu'
ne "'','e's s"' experience oi o'nei e'''es is
tn"' ooori III le"i es'"'e anyways ioi-
'o"S ,"'se ,i'e''iNen'' !" O",iu'ns''
eonsluer reai estate Oh d sulet o"Sis anu
prospects pel'el 'nan e'e' Oeiole' Anele