The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-27

banking facilities, and healthfulness. as shown
l by the low rate Of mortality in our city. as
compared 10 other southern cities and towns.
| Recent improvements in real estate values. in
which nearly every class OF our citizens have
become interested. instifies the belief that some
effort Will be made TO attract manufactures
here. aud 70 encourage and foster the eater
priseS already in operation.
FINANCIAL
The years business in stocks and bonds shows
largely increased trade in this market due IN
part to the generally prosperous condition or
/ re country ana tee consequent increased sur
! Plus of canned capital seeking vestment bat
| largely attributable TO a growing confidence in
southern securities AMI home enterprises.
| From statements prepared BY your superir-
| tendent the banking capital of the city is shown
| 10 have increased durin-, the year. BY new bank
ing institutions and unpaid earnings of thoss
| already in operation 1909. 7fS the total banking
| capital being now 81. 057.
The increase in the jObbing trade. manufact-
urlng enterprises and factors outputs. together
| With Investments in real estate has created a
/ demand and Employed all the available banking
| capital at rem1uerative rates. which indicates
thar continued and decidedly Increased banking
capital could be proftably employed.
! MARINE.
Especial attention is called TO your marine
| committee sreport relating to facilities for dis
| charging ballast at quarantine stations and
| other needed improvements
During the past year the city council has done
mlcn IN the direction of remedying the bad
condition OF our quarantine accommodations
Cockspur Island has been secured from the
government for the location of a station. and
WORK begun on berth room for vessels required
10 discharge their ballast there. and on
moorlngs for vessels riding out quarantine
rules.
In order to enable vessels trading here to
economically and easily do their business with
us, II IS important that every needed facility
be provided for those required to go under
quarantine. The suggestions made by your
committee are in the line of Improvement aud
should commend themselves to the city author
merce.
The present city council has given hearings
90 representatives OF your beard on this sub
lect anu has shown dispositionto give atten-
lion 70 the shipping interest by undertaking
valuable improvements.
Your incoming marine committee should
take up this matter and urge the early compile
ZION OF such facilities at quarantine as would
put our port in easy and advantageous compe-
tiuoa with other southern ports.
RIVER AND HARBoR.
Work on our river improvement to obtain a
uepth OF 22feet from the city to the sea having
Deen completed and proven a satisfactory en-
gineering undertaking, as well as having demon
stTated the saving in freight in the use of
deeper draft vessels, and by admitting more
tonnage to our port; interest is now directed to
securing from congress appropriations sufficient
70 successfully carry out the plan to obtain
depth OF % feet from the city to the sea esti-
mates on which have been submitted and
adopted.
Inc VI money saved TO the crop and
mineral producing classes, in economical ocean
freights, makes it an advantageous business in
vestment for congress to appropriate the funds
necessary TO provide such Improvements as the
growth ana development of our adjacent sec
ton demand
Savannah being peculiarly a commercial city.
ana depending largely upon the growth of her
shipping interest has much at stake in securing
this appropriation.
The growth of business done over our bar
warrants the demand for continued improve
nc rvv.f,w i, III
import statistics, makes an increase of the mast
year over the year previous of $4,000 600 and
now aggregates S120000,0O0 Such Is our fav-
orable position as port nearest the crop and
mineral producing sections OF several southern
states. and our advantages in being connected
with them by trunk lines of railroads, that the
benefits to be derived from these improvements
are not confined 10 our city, but are of interest
to the entire state aud the neighboring states
and sections, for which Savannah is the geo
graphical outport.
TRANSPORTATION.
The improvements in transportation during
the past year have been greater and more adj
vantageous to our market than for any previous
year.
Through the facilities of the River street line.
now open for business, the cost of transferring
heavy treights through the city will be cheap
ened, making competition with other markets
To our advantage in lines of trade that are
handled on close margins of profit. This adj
vantage will be more general to the trade when
the Bay street line is built
The completion of several lines which are
feeders to and part OF the two great systems
having their termini here opens new territory to
our trade aud puts us in closer communication
with sections now trading largely with other
markets.
Indications are favorable for the building of
the south Bound railroad, which will open to
our market valuable section, the trade of
which we do not now control; and together
with other new lines, will swell the growth of
our business TO unaccustomed proportions.
On account of the increase in volume of hnsi-
ness coming 10 and going from this port trans.
Dortation companies have found their facilities
inadequate for the prompt dispatch of freight
offered them. 4 want OF sufficient rolling stock
has checked the growth OF our business and
rendered the handling of that done oftentimes
unsatisfactory to shippers.
This condition of transportation has been a
serious drawback to our business in lumber and
fertilizers but is now being improved
1t is hoped that the railroad companies will
provide ample facilities for doing the increased
business, and that trade in the future Will con.
mand the good service and attention it de-
serves.
II IS gratifying TO note the friendly feeling
existing between members of your exchange
as evidenced by the reports of your committees
on arbitration and appeals, which gives as
surance that your daily business transactions
are in conformity with your rules and CON
Quoted in a spirit of fairness
JOHN R. YoUNG
President Savannah Board of Trade