The daily state chronicle. [volume] (Raleigh, N.C.) 188?-1891, 1890-04-16

the pioneer in the tobacco business in
ReiGsville This is one Of the largest
and most successful tobacco firms in Ire
State. In 1880 they pu chase SO. 600
pounds OF leaf and wuIkeG NJ IL mauu-
factured Or ping tobacco 543 00G pounds.
Capital invested amounts to $50. 600.
Ihelr shipments are to ali parts of the
country The many fire brands of plug
ana twist tobaccoS are known on the
market as being as good as any manu-
fac'ured IN America. This firm also
own the only cigar factory in Reidsville
and are doing a large trade in cigars as
we'll as other t0baccOS.
There are several other large tobacco
manufactures In the place, doing large
business, whose facts and figures were
not attainable.
The Bank OF Reidscille.
Organized in May, 1882. Canital
stock, $4,000; surplus, SO 600 Col.
A. j. Boyd, president: Mr.. c. n. Evans.
cashier. In addition to the creation Of
$4,000 surplus. they have paid to
stockholders in cash dividends since or
ganlzation, S46, ,04S A, or an average Of
- per cent. The building is fully equip
ped with Farrell & Herring improved
burglar proof safe, the strongest IN the
country; it IS fitted with the Sargent &,
Greenleaf doubie-time lcck-it alone
costing $500, which also has double com
binations. The rooms are as complete
and among the handsomesJ in the State.
The business at present is iarger than
ever before and increasing.
Col, a. }. Boyd, the president, has
reputation a hnancier uuaxcelle,i in
the State, he being foremost III all other
enterprises that has made Rei0sville what
she IS. Mr. Q. n. Evans, the cashier.
was once page il the Legislature -ses-
sion OF 70 and was, when appointed to
this position, the youngest cashier in the
State He possesses fine business quail
ties and particular adaptation to the po-
sition lie holds.
CitiZeus' Bank.
Hugh r. Scott, President, and r. /.
Watt, Cashier Organized ii 1885 witt,
$4,000 of its subscribed capital paid in
The successful operations OF the bank
encouraged the gradual increase OF its
cash capital which is now $50. 600. and
since January last it has mad a cash sur
pla8s of $4,000 The largest, most
successful and most experienced busi-
ness men of the place are among It's
stockholders and directors. lis banking
house is Of brick, built EXPIRE Sly for iIs
use, Is in the center OF the business por-
ton OF the town and is provided with
commodious vault Constructed in the
\ most approved aud substan ial manner
AID furnished with a burslar proof
Herring safe, sc. The pohcy of the
bank IN its operations is safety first, and
then as tar as consistent with safety,
profits. Its net earning for 1889 gave a
dividend Of ten C0) per cent, and IFS
business, at home and abroad. is rapidly
increasing, the earnings Tor the yeal
1890 up to this time being considerably
IN excess Of the earnings for the sans
period any former year. 1t officers
natives OF the county-are men Of expe
rience in banking and finances. and have
the full confidence Of the immunity
The President, Mr.. Hugh K. Scott
is thoroughly imbued with BIS busines,
and IS man of eminent su ocess as
lawyer and tinancier. The G ,shier has
had several years Of experience ia bank
ing and is entitled to high rank a,
such.