Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-09-09
lea Banks Are Comfortable and Good
Collections Are Reported.
TOBACCO DEALERS MORE BUOYANT.
Pfices Have Advanced and the New Crop
Brings Increased Activity.
DUR MERCHANTS CHEERFUL.
With the New Tariff and Restored Conf.
dencc All Lines of Trade Are Steadily
Resiving and Shipments Are Large.

that n genuine revival OF trade has com
menced. with every prospect OF ccntInu
ing.
This is equally manifest in financial
commercial. railroad. and manufacturing
circles.
There never was n community thai
emerged from a season of financial de-
preston and trade Generalization in bet
ter form than Richmond came out OF
the crisis Of the last year. This was due
TO the splendid management. hoerality
and consideration OF the banks, the con-
servatism and sagaciiy OF the business
men, and the manner in which all inter
ests stood shoulder 10 shoulder with one
another In the time OF sorest trial.
Bankers, merchants. manufacturers,
real estate men. and capitalists made
common cause in bearing its strain The
people had confidence in one another
and they gava practical demonstration
O. H. AS result the business OF the city
was In exceptionally good condition TO
take advantage OF the turn in the tide.
Dispatch representatives spent most of
yesterday in talking with representative
men regarding the trade situation and
the outlook. and everywhere they found
the skies bright and Frightening.
What the Bankers Say.
In banking circles every one was
smiling, hopeful, and confident.
Mr.. James i. Pace. president OF the
Planters National Bank, said there was
unauestionably n better feeling In busi-
ness circles and business was certainly
Improving There was nothing. he con-
tinued, that could stand in our way, eX-
cept renewed agitation Of the tariff, as
set forth by AIR. Cleveland. and that was
far off. The conditions were all good.
Tie banks felt this in an excellent de-
mand for money. He thought there was
a general restoration Of confidence, and
believed that the reorganization OF the
panvilIe railway system would give a
tremendous impetus to everything south
OF Richmond.
Mr. a. l.. Boulwere. president of the
FIRST National Bank. sail there was
better demand for money and n better
feeling. and that the future was full Of
hope.
FEEL THE GOOD EFFECTS.
I'VE" remarked Mr.. John s. Elicit.
president OF the State Bank, feel the
good effects Of the settlement of the
tariff question in the restoration Of con-
udence. The people feel that they have
something upon which TO base their cal
culations They are taking hold OF bush
ness more Chesrfully. There seems no
reason why there should not be n good
fan trade as soon as the crops begin 10
move
Major ". J. johnson. president Of the
Citizens Bank. took d most encouraging
view OF the situation. Commercially, he
said there was a great Improvement and
The banks felt this In the increased de-
mand for money. The deposits had not
increased perceptlbly, but this would
come when the goods being sent out were
sold.
1t is not debatablc question whether
CT not business has improved in the
United States since the House of Repre-
sentauves passed the Senate tariff bill
Two or three weeks ago." said Mr.. John
Skelton Williams. of the banking house
al John l.. Williams & Sons From
that very moment the business situation
has been growing better The railroads
OF the country, which from the 1st OF
January, lN9i TO the LIST OF July, 1894
showed falling off in gross earnings OF
si0o. 900, have NOT only ceased to re-
port decreases iIfs earnings, but every
week are now showing a steady increase
in business over the corresponding period
OF last year The financial transactions
Of merchants. bankers, and manufactu-
IN hn hap al,
are increasing with marked rapidity Tho
bank cleaiings Of the principal cities of
the whole country for the week ending
August 18th showed an increase Of nearly
slJp,VoOO9O over the corresponding period
or last year. or an increase OF % per
cent, whereas the increase In the south
srn cities was considerably ahead of the
average for the rest Of the country. the
increase for them being more than 30
per cent. The outlook for the Southern
states Is especially promising, and with
Better and more prosperous times | think
we Shall hear less OF the free-silyer fall
lacy. and sounder and more conservative
views as to national finances are likely
10 prevail with the masses Of the people.
thus strengthening the confidence of out
side capitalists in the South"
The Improvement General
The reports being made 10 the mercan-
Tile agencies are very encouraging Speak
tng OF the business situation, Mr.. c. B.
walker. manager of Duns Richmond
agency said:
General business continues healthy. and
appears 70 be on the increase since the
Seulement OF the tariff question Country
merchants who were apparently holding
back on account OF the uncertainty of
tariN legislation are now giving orders.
md statesmen in dry goods, boots and
Shoes, and groceries report fair trade
The tobacco trade seems 10 be improving.
and manufacturers are more hopeful and
trying 10 push business. The general i'm
preston seems TO be that the prospects
for good fall trade are very fair, thoueh
in all probability II win be late. ColIec-
lions appear TO be satisfactory, and money
easy"
MORE CONFIDENCE NOW.
Mr.. James W. Gordon. manager OF the
Snow Church Agency. said:
There can be no doubt that the settle
ment OF our revenue system for two or
three years has infused very considera-
Bile amount OF confidence into business
anaifs Reports from many sections OF
the South indicate an unusually prosper-
GUS condition among the farmers. A good
many agricultural notes are being paid
go N'fN 80 oyiif eases the payments are
peihs anticipated. Cotton and tobacco
our TWO largest money crops, Will soon be
coming 10 market, and /, is thDucnt that
they will yield considerable surplus for
creditors.
Although We may not be on the eye
OF boom (and the most conservative
people 90 not care for thaO. yet / feel
1uSuhed IN adopting the general senti-
men'' that business in all It's branches
wiii speedily adjust itself 10 the now
tariff. and yield larger returns than e. has
cone Tor several years past"
OURS AN INVITING FIELD
i think II must he apparent % IN.
isoSt casual observer" said Hon Gcorce
IL christian. president OF the Chamber
commerce. that business has i'm
proved since the tariff bill became a law.
IDS is the experience OF every one with
whom i have talked, and a spirit OF
eheerfeiness and hopefulness seems 10
1 persaoe the entire business community
me only apprehension have heard ex
pressed Is mat the Democrats may re-
open mo iarin question this winter ~
they are wise they viii lot the tarirf
severely alone during the rest OF Mr..
Cieseiands Administration: and l think
before the reasssmbling OF Congress thew
VIII receive many admonitions ana some