The times. [volume] (Richmond, Va.) 1890-1903, 1890-08-23
MONEY VERY HARD TO GET.
GREATER CAPITAL NEEDED IN
RICHMOND.

...,rg Demands of Growing ir""'
Larger than the Capabilities OF '"'
Rank. 20 suppiy-Compar'so" WIZ"
/. other Cities.
Tho trade Of Richmond has outgrowh inc
o,,0cc,ations of men well posted IN ,he
husiucss and financial world. schemes III,
yo,,ine matters Of public spirit reoe,''o
80 verbal endorsement from the best
.s,n,;ug and most influential men oil Tue
,,,, vct they failed Of that nonrishmen'
NAT was absolutely necessary W SUSIE
nance. aud were left to perish on praise
The hanks are sieady-going institutions,
,,,,ircly sol, ent, and doing a Ouslnos oe Tho ,be
dnscrycdly commands the confidence, NJ my
4nancial world. Here were TWO pio ,',"r 90
Thai seemed paradoNical' anu ~ ;n com.
a,,,o ,hom Tux TIMES placed isell III TT
sou with authorities entirely reila-
~" and thoroughly capable OF thro"ins
IN, unon the subject. The result - sn'""
=, tho following plain statement ., ,,a,.ood
ih IT,, NY a. moi enough money in kichuhonu
',ao, the increasing demands OF NV
~ M trade of the city. Take ine onv
$50 ~ the tobacco trade, ana !, WI 9. ,,';s
his Handlers Of large puan,i'TSS :" fa.
,,roiuct are hampeTed 10y want W 80. ''s as
cilities. The banks DO n hiucn W Loom.
,hn, can conveniently, and are as 9ce '',,,
t'o3 80, a. they can he under the clrculn-
,e,cos Int the demands oil lIauc Si'
-'a,cT ,han their possibilities "i supp!
i,,o ,csult j.. trade must seek accV'h'"V'''-
lion elsewhere.
HOTEL CArITAL.
r.,o tho case of building new hotel
- necessary 10 20 " aN'N
III COR L,nk accommodations ana hIan'
- al, The banks are as hrh as "'',
10, ,hcir capacitv does not measure uP =, =.
~" nooIs III The occasion, ana hatui"iI!
anouch the ewes are turned 10 SUM Pm ~
,,horc matters are different. Ana 50 vi'
for a great length. could olner 0"''' ~
cited 10 prove what Is true' nj, ,oos M,
The well posted bank oilclai I',;, 'es
dcnev that the banks nave i"g T' " Soniore
IN IN ,bcv can accommodate. They declare
,.a,J diyidends and charge fun percenlasc'
"a The result is a drawback to pubhc en-
.'..,r;sc and increase Of trade. n DAM j.
- hear, of a business world. III receives
and disburses the lite-giNing Dlood' anu II
con only take in and SEND CUT q Ger tan
an,,,y Richmond banks are wisely con,
duc,ed. and the managers are ueleIn ill.,
10 maintain perfectly health! cuilu! tio WI
hv receiving and handling no Iloic wa" .'i,
will tend 10 keep the system "e''t TN az"
s,rnno. free from tailt and bloat. ihes'
s, .n ,ho reasons that 90 a long way towards
,nrc;n0 men who desire 10 engage III new
antornrises 10 seek other fields Tor Oahklns
transactions.
COMPARISONS.
Fake a glance AT some other cities, ana
,,o,, tho difference. Richmond has "A popu-
io,ion of 10000. and a banking capltal o.
,sxo and one.half millions of dollars. Nasii,
viIle Tenn, has a population oil 'o.VV, anU
y hontjng capital OF five millions OF dollars
Womnhis Tenn. 10000 inhabitants, ana q
RANKING capital of five millions, WhlI,
louisyille. n.y., with a population vi
$4,000 does business on DankihE O"ri.. ~
of twelve million and a hali dollaTs' "i VIZ
only twenty thousand more people LOUIS
,ill. has n banking capital hNe Times ~
,,,cat as Richmond. This indicates the
ADHERENCE which characterizes the treat
mont Of trade in Louisville and III hlch-
mOnd.
THIRD LARGEST.
This city is the third largest one in the
south and with certain innovations, Is dcs-
tined 10 De the second al no distant u"tv'
lis trade territory does not increase win ilS
advance. i'm other directions. III shOuld ..
the clearinghouse for the states OF Nor'l
carolina. Kentucky, Mississippi. tennessee
and perhaps others that now seek bHlli lr.,
and other cities north OF us. improve
ments are sprnging Up all over the
state. new towns are being built, and
companies that will have large business
transactions are locating in numbers III
different parts of the state. What more nat
ural than the necessity for calling upon
Richmond to carry a large line of new secu-
rifles and 10 conduct heavy loans Tor TIE
improvements sure to follow where grow
ing sites for development operations are
seen and new towns and cities are pushing
their claims in the business world: Inc
active men at the head of affairs III the
localities mentioned will 90 where they
can obtain easy and ready financial accom-
mediation. Southern capital, for southern
vim and enterprise is one of the needs OF Inc
future that is travelling this way with SLOW
and steady pace, and its contemplated ad-
vent affords pleasing reflection one thins
is certain. people everywhere, whether de-
positors or borrowers, 20 TO big banks ioI
security or loans.