The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1892-03-11

which has affected Roanoke, and in
fact the entire Southwest for some
time past. is wearing away and in
creased business activity and an easy
money market is taking its place.
A TIMES reporter interviewed the
bank presidents and large number of
merchants and real estate agents yes
terday in regard to the outlook. and
without single exception they agreed
that the signs all pointed to worry
bright future. They expressed them
selves as follows:
Hon. Henry s. Trout, president of
the First Nationals: 1.-The financial
situation Is unquestionably much
brighter than 1t was few months ago.
Money is more plentiful and we have
we need them in the money center of
the North
I'm fact, there is no trouble to obtain
money for investments that are legiti-
mate and safe. Our patrons are meeting
their notes promptly and the outlook
for an increasing trade and prosperity
lie bright and Frightening.
Our industrial plants are doing we'll
and orders for their products are multi
plying, insuring tho employment of
additional labor and the paying out of
larger amount OF money in wages.
This means larger trade for our mer-
chants and builders, and greater pros
perity for the people generally.
Another healthy sign is the fact that
the demand for real estate is increasing,
not for speculation, but as an invest
ment. Parties are buying lots to
build ON, as rents will insure them q
good interest on their investment
The outlook Is, in my opinion, worry
encouraging, and the situation, as far
as Roanoke and Southwest Virginia are
concerned, is all that can be reasonably
expected, all things considered. 1t fur
nishes abundant proof that our city is
on solid basis and Gel tain to grow in
population, wealth and prosperity"
d. w. Coon, president Commercial
Bank: Money is easier to obtain
than 1T was three or four months ago,
because there is moro Of it in circula-
ton. Our bank has been ablo to sup
ply all reasonable and legitimate de-
mands for money, and borrowers are
meeting their notes with greater
promptness than we anticipated.
II have observed in the Northern
financial centers strong proof of re-
vival OF confidence IN investments in
this section of Virginia, and believe
we are entering upon an era of devel-
opment, progress and prosperity, that
will increase with each year.
1.-The financial outlook is growing
brighter daily, not as rapidly as some
OF tho boomers, who desire 10 make a
fortune In day, wish, but as fast as
business men, who know tho i'm portance
of sound values and permanent pros
perity, can reasonably expect or desire.
The readiness OF Northern bankers
and capitalists to loan money to- ns on
good security, the revival of confidence
in in2estments and the conservative
policy which has succeeded the wild
speeulations of year or two ago means
the good and prosperity of the Sou tn in
general and Virginia in particular.
I'm considering the safety of invest
ments in the South, Northern bankers
generally give Virginia the preference.
In considering the claims OF Virginia to
their confidence and assistance, Roanoke
does not suffer
Property is in FAIR demand, not for
speculation. however. Many men who
have money are buying lots and will
build upon them this year as an invest
ment Money invested in this way is
safe and will yield handsome returns.
Jul 1dOtOrAcS dT0 increasing In nu
bers and trade, the demand for labor is
increasing, and there is revival of
trade and confidence in every depart
mont of business that insures bright
future for Roanoke"
f. A Barnes. president of the State
Savings Bank: 1.-The financial situa-
ton is frightening, am happy to say.
Money is becoming easier by degrees,
but we must not expect a sudden relaxa-
ton Of the tigh tness in financial circles.
Panics may, come rapidly, but they
disappear slowly as a rule.
II am offered from Northern money
centers all the money need. People
are taking up their paper with satisfac-
tory promptness and anticipate con-
tinuous improvement, not only in the
banking business. but in til mercantile,
manufacturing and real estate. The
outlook 1s encouraging"
h. q. Cole, secretary of the Traders
getting easier. Our collections have
improved wonderfully in the last two
months, and our general business shows
corresponding increase and improve
ment. People are meeting their obliga-
tions with promptness, failure being
very rare. 1 reg ard the outlook for the
future az very encouraging indeed"
j. d. Smith. president Of the Roa-
noke Savings Bank: money is easier
to obtain than it was few weeks ago,
because there is more Of it. People are
meeting their notes very promptly,
much more so than we anticipated.
The financial skies are certainly
frightening, and am confident that all
our troubles on this score will BIO over
before the end Of tho present year.
Joseph t. Engleby, president of
the Fidelity Loan and Trust Com.
pany: "The financial outlook is en-.