The times. [volume] (Richmond, Va.) 1890-1903, 1894-01-14
g4i-squsre W ordr.


n 70 almost too we'll known that tobac-
co "a q mulriform product and manu-
facture is the foundation stone OF VIZ
| sinia's and especially Of Richfond s. pros
perltv. We are almost too familiar WIN
| these facts TO magnify them as we s4ouiu,
] ana we would only realize the ldii'il ia,
/ and fun Importance OF THIS industry NV
/ first I'm the state and for centuries, IL we
| should lose our prestige IN toDdSeV' -
tucly leads in pounds produced III iarse
marlets Missouri leads in manufacture
of Mug but 10 Virginia still, tooacco Il
| what IL has ever been since the discovery
Of the country. her chief export hTllc'e'
| her main money crop. her great hi@nu1"0
| turing interest -, ..o,,
In discussing the outlook for the trade
yesterday, a weIl-knowh toDaoco ,..h
said. "Variety OF soil and climate WIN
long experience in culture gives 10 VIZ
slnia this great prominent and prelefreu
3 varieties OF tobacco, two or WHICH, a.
least, are without rivals, save IN the ID ad-
jacent State OF North Carolina ne
flue-cured brights, without when uie
world famed cigarettes could not De NIUE,
| The more-limited sun-cured tobacco Oh
| Louisa and Caroline counties, Virginia,
and the Henry county peculiar types ana
the heavy shipping dark fired ana ar
cured tobaccos.
Richmond. as ever. Is the natural CEN
/ trail market and depot for all these tooac-
| cos. both in the loose and hoSshead state
and due TO the latter. our inspections
are known the world over as OF the hlgn-
est and most-reliable class, inauguratea
here and maintained here in its eXceiIen-
cy. ,,
Tobacco is interviewer with our every
Isx.
grocery. and other merchants, guage the
buvinc and selling OF their merchandise
by the pulse Of the tobacco trade, and the
prospect and prices Of tobacco. IN our
State and cotton further south.
The demand for money from the banks
| &c largely based on the demand for money
from the tobacco industry here and III this
| state and North Carolina, 1t Is the
tobacco interests that pays taxes, federai'
state and municipal, interest TO the banks,
and bank dividends. II is the tobacconist
| that supports our building funds, Ire
insurance, and fire insurance Industries.
II is the tobacco men that support largely
! the railroads. and keep up the traIhc be-
| tween this and other cities, coming TN at
| one end I'm the leaf, going out on another
| I'm the plug and smoking state manutact-
ured.
Lastly. but not least. tobacco is that
Industry that puts the wages IN the
rockets OF clerks, employees. mate and
female. white and colored; il is, in short,
tobacco that is our pillar and support,
| i'm this seyen-hilled city, beautiful and
| prosperous still.
where Our Wealth Comes From.
The wealth OF our city, like that OF our
] middle class support. is derived from
tobacco. for who are our richest and most
/ liberal men In mind and money but to-
bacco men, leaving out some few ever
/ changing speculative features2 VINO are
our bank directors, the beautifyers In
buildings and residences OF our city out
tobacco men principally, while fortunes
now in other hands and otherwise invest
| ed were but those made out Of tobacco
wheeher these be the Stuarts, the Thomas
es Hanewinckes, NOltingS Grays, Grants,
MYERS. Ginters and others, of too long
| list TO name here. IL we look at our
factories, our machine shops. and found
| ries, as prosperous as any I'm the land
| Il IS 20 tobacco that they owe their pros
| Ieriiy and existance.
| But what we desire 10 impress is that
| RichmCnd ewes much TO the tobacconists,
10 her industry, as matter to be proud
/ of. and as an enterprise TO foster and
increase, and nurse. and not TO think
l.
then that our staple and manstay should
be jealousy guarded. and competition and
rivalry OF other sections should be In
telligenty and industriously met. To-
| bacco men have experienced an exceeding
| ~ trying and duh year, and are by no
means out OF the woods yet, but are on
as firm a foundation as any industry In
/ the land. and are liable 10 less loss In
/ the future if the trade works harmoni-
/ ously. and the banks continue 10 stand
| M 10 the tobacco men. the handspring
of our total business. as they have done.
Start the tobacco trade 10 tumbling.
| weaken It. and II weakens every industry
| In our city and State.
The Pre.en' Condition.
There is an accumulation OF tobacco
/ I'm this city that is natural Of itself.
natural with a dull market, douDtfuf
/ time-sales, dull demand and poor crop;
hut prices are not relative. or abnormally
| large. and the stocks held are owned by so
many different interests. both here and
scattered all through Virginia. North
/ Carolina. and the West. that any decline
II gradually liauidated, would not be felt
as # owned by a less limited circle OF
/ owners.
Tobacco !s not speculative prod
J IL IS bought and sold as a whole
for cash or close credit article
TIE money In our banks and rer-
chants hands brings IL here 10
sell and make up. and 10 export and
our tobacco banks should remember this
: dependence OF our whole strata Slnd sus-
tenance Of business built up In this city
and State In dealing with tobacco men.
and bonds will SO be loosened ard money
/ viii again, as usual. flow back IN abund-
auce into the banks that had long and
patiently carried large accounts accommo-
datingly. With tariff and tax settled.
] tobacco Will boom.