The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-11-25
ROAhOKE'S FINANCES SOLID.
This Section Not Affected by
the Depression.
business Moves on Brlsl<ly and Does not
Feel tho FURRY In Wall Strcet-Roan-
oke's Financiers on the Situation-They
arc all Hopeful and Say That Every
thing is Safe.

Roanoke is solid city and Southwest
Virginia is a safe place to put money.
The recent pressure in tho money
market did not affect this section. Bust
ness has moved on smoothly and briskly,
and Roanokers would scarcely have
known of the recent financial troubles
in New York and London had they not
read the accounts in tho newspapers.
Tile TIMES has been anxious all along
to announce tho interesting facts
brought out by interviews with promi-
nent financierS yesterday.
s. w. Jamison, secretary and treas
urcr of the Loan and Trust Company,
one of the largest financial institutions
of the State, was interviewed by THE
TIMES man on the financial condition
and outlook for the future.
Eve have scarcely been affected by
the depression in New York, and the
trouble is all over. business here is
moving briskly. building operations are
being pushed forward as rapidly as tho
mechanical facilities will allow, real es-
tate is selling easily and there is no de-
cline in prices
There was little fear of the results
Il few weeks ago, but now that the
trouble is over, and we have not been
hurt, every thing is safe and everybody
feels secure.
II have private adviccs from Northern
cities thae confidence is being fully re-
stored. and that the effect OF the recent
depression will not be felt in the great
money centcrS much longer.
"Our people should not go too fast
They should DO conservative in their
business transactions.
This entire section is solid. and the
recent money troubles have resulted in
benefit instead of injury. / there is not
an immediate rush Of capital to this sec
ton, the recent depression has ut least,
demonstra ted TO the world that we arc
safe.
1.-The fact that this section has gone
through tho recent events in money
centers withol being affected will in
spirc confidence that could have been
gained in no other way, and that will
finally result i'll great good.
"a few weeks ago great decline in
real estate values was predicted. This
decline has not materialized, and there
is not any probability that it will.
1t has been thoroughly demonstrated
not affected by every wane in Wall
street.
eve have placed large loans in Roa-
nokc for our Philadelphia friends, when
they had opportunities for loans at
home equally iudicious. These men
have been here and have seen for them
selves"
James S. Simmons, who keeps
thoroughly posted on the financial situa-
ton, was also seen by the reporter
This Section" said he, lis perfectly
safe, though there was naturally some
uncasiness few weeks ago Tho
trouble is ell over and we have not been
affected. business moves on brskly,
and the events of the past few weeks
will create new confidence in this sec
ton"
II. ii. Woodrum, president Of the
Commercial Club and prominently con-
ncctcd with many OF the leading enter
prises OF Roanoke, regarded the situa-
ton rs favorable.
There has been no stringcncy in the
money market here. business has not
been affected by the recent Wall street
troubles, and the outlook for the future
is bright.
"Of course great panic would be felt
here, but the furry of the past few
weeks did not reach us. Tho trouble is
all over and the general BUSINESS of tho
country is moving on satisfac torily."