The times. [volume] (Richmond, Va.) 1890-1903, 1891-05-10

vas goods in endless varieties are supplied.
lhsy Are agents for base ball, lawn tennis,
snu gymnasium goods.
BANKS.
Intimately connected with the great devel-
| opment OF this city, aud potent and power
lll ally and mainstay 10 the jobblng indus.
tries have been the banks of Richmond. la
great busy metropolis. where large stocks Of
merchandise are carried. and where mAnufac-
turing Institutions abound. the most solvent
and conservative houses frequently require
financial assistance. To these demands
the banks here have always generously
and promptly responded. In the spring Of
1865 the banking capital Of Richmond was
noininally nothing. Later, however in the
| same year three national banks were organ
lied, and with their advent came renewed
vigor 10 the infantie industries.
little later on other banks both national
| and State organizations. came into existence.
| lending additional assistance TO the various
| business ventures which were accommodating,
and the prosperity of the one soon came into
! the closest relationship with the development
and growth of the other. Thus hand in hand
they have come up from the trying experiences
of earlier years inseparably united forthe com
| mon good which such union lnsures 10 them
! both.
Banking institutions without business
houses would close their doors. while mer-
camille firms deprived of banking facilities
would be deplorably inconvenience. The
banks OF this city have frequently Demon
strated the absolute soundness Of the princl-
pies upon which they are operated, and during
the several monetary depressiOns Of the past
! twenty-five years have been found III every
way more than equal 10 the occasion.
The capital stock in nearly all Of the banks
| mas been greatly increased within the past rev
| years, and the surplus and undivided profits
have in every case been largely augmented
with each passing year.
The individual characters OF those closely
| identified with the conduct of these institu-
| tons have proved Of exceptional worth, no
| betrayal of confidence or sacrifice Of personal
! integrity has ever marked their different adj
| minlstrations; thus in honest energy their
| business Is prosecuted a credit alike to them
selves aud to the city IN which they prosper.
The great growth of the banks IS also lndi-
Gated by the greatly increased scope which IS
now covered by them in the matter of cOllec-
tions. Not many years ago their collections
We're limited largely to Virginia and West Viz
giniR. and now Tennessee. Kentucky the
Caroinas. Georgia and Florida are embraced.
| These refer more largely to the collections for
the lobbers. for those of the tobacco manu-
factuTers reach from California TO Maine.
FIRST NATIONAL BANK.
Isaac Davenport. Jr., PRESIDENT II. C. Bur-
nett. cashier.
The First National Bank Of Richmond with
its capitalization at $500. 900 and its enormous
deposits and resources Is the largest bank IN
Virginia. Ii was established in 1865 and has
become n financial institution OF great
strength. its surplus and undivided profits be-
lngabout $3.50, 900. I'm 1881 itsaverage individual
deposits were about 100000 At the present
time they reach $500, 600. This is an in
crease OF which a bank might reasonably be
proud.
THE PLANTERS NATIONAL BANK.
]. b. Pace. president; ManU S. QuayleS
cashier. incorporated in 1863 the Planters
Bank has by unusually successful manage
ment attained q most enyiRble position IN the
financial world. Their capital stock is $780,
000 while The surplus fund and profits
amount to 1921 900. Their individual deposits
il 1851 were $l026, 900. and at this time reach
81 900 900. This IS Il showing which largely
reflects credit upon the officers OF that lnStltu-
ton.
THE MERCHANTS NATIONAL BANK.
John P. Branch, president; j. +. Glenn,
cashier. Chartered in 1S70,.tbis bank has
materially Increased It's strength: by
judicious and conservative control it has
grown and proepered. It's capital stock is
5000 900 and It's surplus and profits $4,000.
It's individual deposits which IN 1881 were
$500 0O0 have not grown 20 $780, 600. With
but eleven years of existence this indicates an
admirable Advancement.
NATIONAL BANK OF VIRGINIA.
f. O. Noting, president; j. w. Lockwood,
cashier.
a capital stock of 5000 900. It's growth
has been substantial, steady and sure. and to-
dav il ranks with the safest and most repre-
sentative institutions of its kind in Richmond
It's surplus and undivided profits reach S7O.-
OO0 Their individual deposits in 1881 We're
1854 600 while at this time they average $685.
IoilN, Janoaifu ha1-a MARTY
doubled in ten years, giving striking evidence
of its progress.
STATE BANK OF VIRGINIA.
John s. Elicit. president; William NJ Hill,
cashier incorporated in 1870. Capital stock
$3.50 600 Few, if any. of the banks here have
met with more success III the conduct OF their
affairs than has this one. and its stockholders
are to be congratulated upon us able officers
whose prominent abilities contribute to this re-
suit
The surplus fund and undivided profits
reach now S1500O0. It's average individual
deposits in 1881 were 600 and now are
81 .07S. 000. Its present condition gives evil
dence Of its stability and promise for its fu-
ture prosperity.
CITY BANK OF RICHMOND.
W. H. Palmer. president; j. w. Sinton,
cashier.
This bank was incorporated in 1872 with
has been increased at various times, and IN
1891 was made f400 900.
By energetic and skillful management its
growth has been particularly marked, and Its
present condition warrants the assumption OF
It's continued advancement.
The surplus fund and profits amount to
1913, 00O Average individual deposits which
in 1881 were $3.50, 900 now reach $650,00O.
This exposition confirms the able manage
ment of its affairs.
CITIZENS BANK OF RICHMOND.
w. ]. Johnson, president: S. G. Wallace,
cashier.
In 1871 the above bank was incorporated
with a capital stock of 100000, which was in
creased in 1889 TO $4,000 1t course has
been marked by material gain and advance
ment. and the sound financial policy of its
officers has been fully demonstrated. It's sur
plus and profits are f47, 900. The individual
deposits in 1881 were 1920 900 and now reach
1886, 900. With the other institutions of its
kind this bank has prospered and grown, and
its further success is well assured.