The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1890-08-17
WHAT IYNclsnuRG IL po,>s;.
The ESiil City Gradually Awakening 10
IFS Advantages.

The following article is condensed
from the last report OF the kriSe
Banking Company, of Lynchburg:
The conditions prevailing at the
date of our last report continue with
little modification. The contraction
in tobacco operations has served TO de-
prive of employment and to dispense
Il large contingent OF wage-earners
VIGOROUSLY liberal in circulating their
weekly accumulations, and the chan
nels through which their disburSe-
ments were wont to be made have
suffered correspondinglv
The year 1889 was in advance of amy
ever known previously 70 jobbinS
circles in LynchburS, and the volume
of trade was so large that ii was re-
garded as EXCEPTIONAL and yet the
business OF the current yeal is rapidly
outstripping it, Taking the business
thus far for comparison. the increase
in heavy groceries is 335 per cent; in
fancy groceries, 50W'5 per cent; IN
dry goods, 30 per cent; III notions, 100
per cent: in the stove trade, 10 per
cent; in drugs, near 30 per cent; in
hardware, 33A per cent; III Jewelry,
- per CSllt.. Oilltl llllSS SiiO" tiNlS'
tionate improvement. Nearly Il year
ago we took occasion TO point out the
remarkable growth of the general
wholesale trade and the evident pros
pect OF its eventually assuming the
prominence held for nearly Il century
by tobacco. That forecast has been
realized more eXpeditiouSly than
there was reason TO anticipate.
Lynchburg'S geographical position
and transportation facilities easily
entitle her To supremacy. rs dlStrlb-
uting point, over any point east OF
tide-water.
We include quotations of the par
value of the stock OF the several land
Improvement companies. The River
mont Company stands capitalized at
| 81, 800, 600, with authority TO increase
this amount 20 $1,000 900. and has ac-
ouired thus far about $500 acres.
The East Lynchburg and James River
Development Company controls 800
acres approximately. with Il capltah-
zation of $50. 600 West Lynchburg
Land Company holds about LOCO
acres with a charter privilege of 81
000,00 capital, our an actual issue OF
only $l.000.G00 The South Lynch
burg Land Company has a capitaliza
ton of $4,000, and area of % acres.
Park Avenue Land Improvement
Company controls Il boundary OF -
acres, md is O., 80, s; ;. sSf&
'' Il S;iiJG, 600.
The bulk of the available acreage
contingent to the corporate limits on
the south side OF James river has
been pretty we'll absorbed by the
above companies.
Unqrestionably anything like per-
manent prosperity is dependent on
the introduction Of manufactures on
large scale. This point is thor
oushlv'understood, and efforts already
made in that direction have met with
q degree OF success elninently salts
factory to those entrusted with the
wo;k. LIN her ample transportation
/ facilities aud her shrewd and active
ariav of wholesale merchants, Lynch
burg has adequate machinery for the
4 distribution OF manufactures OF any
| character. and to any extent. for
which there can be a possible de
Inaud.
There has been some misapprehen-
sion, perhaps misunderstanding, OF
the deliberate and conservative
methods characteristic of the people
living around Lynch's Ferry, and TO
realize that there is breaking away
from old traditions it is essential to
20 beneath the surface, which We
/ have done at some length.