The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-03-21

The financial situation in Roanoke is
regarded as very satisfactory by the
bankers of the city. A TIMES reporter
interviewed many of the bankers yester
day and found them in good spirits and
looking for the most substantial progress
in the history of Roanoke during 1891.
While there is an unusual demand for
money, the market is gradually becon :
ing easier, and although some do not
look for extensive speculation, no ono
doubts that there will be a great ad-
vancement on a conservative basis.
The following is the result of the inter-
views:
Hon. ii. S. Trout, president of the
First National Bank: "People are
meeting their paper promptly and money
is becoming easier in the money markets
of the world. 1 expect to sec decided
activity within the next sixty days. l
think the outlook Is good for Roanoke,
and there will be plenty of money for
great progress on conservative basis. ~
j. II. Engleby, president of the
Traders Loan and Trust Company:
"Peoplo generally are meeting their
paper very promptly, some of them
taking it up in advance. Money is much
easier here than for some time. 1t is
true there is not much to spare, but
believe there is more money in Roanoke
now than ever before in it's history.
There is also correspondingly greater
demand, as there are more people in
position to use money"
j. f. Davenport, cashier of the Com
mercial National Bank: 1.-The bad
weather is the only thing that is in the
way of business in every line. When
there are few fair days the deposits
increase very perceptibly. There is
plenty of money here, but the great
trouble is that work is so nearly sus-
pended on account of the weather that
but little money is earned or turned
into the channels of trade. There is
not as great activity here as there was
year ago all on account of the great
difference in the weather, but peoplI
are meeting their paper promptly, AM
the outlook for Roanoke during 1891 /,
encouraging.
5. w. Jamison, secretary and tres;
urer of the Roanoke Loan, Trust, a.
Safe Deposit Company: "Roanoke a
going to have the biggest building bodbC
this year it has ever had, and will ms n
more substantial progress during Il
than it has ever made in any one ",
This may not be as good year for 4 tt
speculator, but there will be some Ell N
things in inside property that is aY q,
able for building purposes. There !.
probably not be as many land sche, U
for the days of the land companiese
nearly over. There is great demanr
money, and there will be enough to
the most extensive building yet do =
There will be a greater influx of MOI
ern capital and this will be inved {
more largely in building than. in d 7
speculation. Money is easier and D 9
pie arc meeting their paper promy.
The banks are in much better conton I
than they were last fall. Wheihe
furry in the money market camtast
November the Roanoke banks haGrge
amounts of re-discount paper the
banks of Northern cities. Tn has
nearly all been taken up and Thanks
have as much money now as thenduch
more paper could be re-discoupd in
this way, but it is not necessarily tho
banks to do this"
J.:B. Levy, president of the Sizens'
National Bank: money is boming
easier and the outlook is tit there
will be great activity in allines OF
business when the weather clos. The
outlook for Roanoke is We salts
factory"
7. Il. Fishburne, preside; of the
National Exchange Bank: Money il
easier with us than it has cen since
December. Roanoke is in b,ter condi-
ton now than it has ever bea, Every
thing will go forward rapid this year
on sound business basis"
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