Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-01-01
in In Taxes Over the Previous
Twelve Months.
HURCHES AND SCHOOLS
Homes, Asylums. and other Charitable
4 Institutions.
,hh YEARS EVENTS.
rad able Compilations of Local Happen
iDgs-Neerology-M
Encouraging Prospect.

hmond's tablets for 1891, embracing
financial. industrial, mercantile, scr
educational. religious,' and general
Try OF the city during that period, have
4 written up.
could not if we would turn the
e.n
be summary craven on the cover OF
record is " PBoGREss."
II things considered the year has more
u justified expectations and has been
hrked by an encouraging and assuring
vance along every avenue OF healthy
d substantial development
The beginning OF 1891 found the State in
depressed condition and suffering from
L natural reaction that invariably fol-
& ss over Investment in any one direction.
! L rye amounts of money, which otherwise
would have found their way into tho chan.
nels Of trade. were locked up IN land
I booms. aud there was universal constric-
tion in financial circles.
+ Under these conditions none but the
most sanguine, it would seem. would have
felt justified in hazarding the prediction oi
even comparatively prosperous business
year for the city.
Yet Richmond's confidence. conserya-
tism. and energy-not to say fortitude--
characteristics which have so often served
I her good stead, did no. desert her.
4 THE BkLAScE-sHRET.
Il The balance-sheet shows to her credit a
su,plus of solid assets, with. no danger of
s.fter-drafts. All questionable invest
5ments developing out of the boom which
<sbe had counted on have been carried 20
{pro,t and loss, while from the certain
near and permanent industrial reawaken'
lind in the State at large she must be
Beneficiary.
An era of abnormal activity IN real es-
<tate is always succeeded by an era OF
&asnreciation in real estate values and
tstsepat;on in building, and this IN turn
tby q season Of building activity.
! Virginia, as consequence OF the laying
Exu OF new towns. the developing OF her
4 neral deposits, and the projection ol
"a many manufacturing enterprises. has
4 ,pe through two stages OF this expert
ace The third is confidently looked
E&pr as logical consummatioa. Its
,m;no means substantial prosperity for
be new towns which have really sohd
{ <foundations. and necessarily Tor hich-
zmopd also.
a THE CITY responded to the general mp
card movement in real estate wnicn
.,.rted In 1880; but values, except IN rare
cases. did not 90 TO speculative bounds.
result we suffered TO only limited
sxtent from, the i'll sfter-efects OF an over
b,,ovaut market. This speaks volumes io'
ssgaci.y OF our capitalists While no
q amount Of city property changed
dur,ny the year the prices reached
:, were pretty generally msintsined'
and even distant suburban properly
saa haeu sold whep values ruled
q did not show anything Ase tne , qs- =
be real. estate men had sntic'pa'ou.
..ss facts are especially significant ana
ny.e;ne as indicating the intfins'e
80 citv and suburban property ano
CONFIDENCE ia the future Of t'aea-
J. ....v,oss
ild,pg operations IN 1891. ~ compaiso :
those of 1880. were not active ,ns
res being sos new houses eFecseo eea !,
mo ths former year. - against wy -
Is,,sr-s decrease of lzS. Tne yes'
wss however. phenomepsl ~ fnA g.
Get ip 1853 The totsl NUMBER o. ~" 4.
..ouses built In Richmond and hancpss,,s' ! "a
gas about COO. stIj durinf 1874 our uu,,n, y.
egs xere by no means Idle. What Win ','