The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-01
ACKNOWLEDGEMENTS
How II Became Next to the Largest in
This Country.
THE OUTLOOK FOR THIS YEAR BRIGHT
Richmond's Many Superior Advantages
Over Her Competitors--A Fine Unde-
veloped Territory In Adjacent Coun-
ties-History of Her Growth.

bright. gave the tobacco TO his boys. who
brought IL to Richmond. The tobacco
brought so per hundred, and as matter
Of course, created a great furore.
During the civil war Richmond was
shut out from the markets of the United
States and Europe, and as the war pro-
crossed and stocks OF tObaccos In this
country and in England grew scaTcer. a
great impetus TO the cultivation of the
weed I'm the West was given and this
was the beginning Of extensive operations
which have eliminated In the creation OF
the numerous tobacco markets IN the
West, and the production OF the enor-
nous quantities Of the raw material, to
the great injury OF Virginia tobaccos.
and of Richmond as a tobacco market.
Then came North Carolina with its
bright gold. or lemon-colored tobaccos.
which invaded Virginia, and finally has
become a large part OF the exports to
England and TO the continent.
But in spite Of the deadly blows dealt
TO Virginia tObaccos. and 70 Richmond
as tobacco market by the causes named
above. II Is matter OF Importance 10 call
the attention Of tobacco manufacturers.
leaf dealers, and tobacco warehouse men
engaged IN the lear tobacco business TO
the fact that they should keep a watchful
eve on the territory adjacent TO Rich
mond Va. namely from Petersburg TO
the North Carolina line, embracing the
FIVE counties In Virginia. nine counties In
North Carolina. and. five In South Caro-
lima, tributary to the Atlantic Coast Line,
which have in the last five years increased
their production from one hundred TO
five hundred per cent. per county.
1t Is also a fact that these counties OF
the three States named are producing the
best bright tobacco In color. texture
etc, which has been raised during the
past five years, and the main portion OF
the bright tobaccos which have been sold
this year on the Lynchburg and Danville
Va) markets have come from the coun-
ties of the three States named.
ENORMOUS INCREASE.
by referring to the published statements
of receipts OF tobaccos on the Richmond
(Va). Rocky Mount Nashville. Tarhoro
Enfield. LOusburg, Greenville, and Will
son IN c. tobacco markets. Il will be
seen that the increase has been enormous
I'm the last three years, and there is no
reason why at least 70 per cent. of the
entire product OF these three States should
not be sold In Richmond, Va, but there
are many reasons why the tobaccos pro
duced IN the States named should be sold
on the Richmond (Vaa market and among
the many other reasons are these:
I. The rates Of freight are in Rich
mond's favor.
2. Richmond is more convenient TO the
planters In attending the sales Of their
tOhaccos than either Danville or Lynch
burg.
3. The averages are in favor OF Rich
mond. and II the farmers will consider
the averages receiN ed at Richmond as
compared with those of the other to5ac-
60 markets. they can see at a glance II
is 10 their interest 10 sell here.
4. The cost OF farming implements and
other farm supplies " In favor of Rich
mond. and not only do the farmers re-
ceive a better average for their tobaccos,
but their averages In their purchases for
their farms. both I'm utensils and supplies,
# bought I'm Richmond would effect a
saving Of at least 50 per cent.
IL would seem that the farmers ought
to have learned what is TO their interest
from the experience, OF the last three
years. viz: That freight rates. interest
on money. low rates OF insurance. and
the demand direct from the manufacture
ers will not only control the leaf-tobacco
product, but the entire products grown
upon the soil, gives 20 Richmond. Va, by
comparison an immense advantage over
any other tobacco market in Virginia or
North Carolina.
Upon Investigation the farmers will see
that the Richmond tobacco market has
held its own in price and actual demand
for all grades Of Virginia and North Car
Olina tobaccos better than any other mar
ket OF either State during the last three
years. Richmond offers lower rates OF
freight. lower rates OF insurance. lower
rates Of interest on money than any other
market in Virginia or North Carolina.
A BIG MARKET.
Louisville KY. S57 miles from New
York City, is the largest tobacco market
VI the world at this time. OF the tobacco
markets tributary to Louisville, Paducah,
KY. 226 miles distant. sells dark Ken
lucky tobaccos principally. with some lit
tie dark (MissOurD tobaccos.
Mr. Abner Harris. In a letter 10 Secre-
tary Mcleod. Of the Richmond Tobacco
Exchange. made some points or interest
TO tobacco people here.
IL He n "A
county. Va. He had a tobacco manu-
featuring establishment at Fredericks
Halle. Louisa county. He was subse-
quently a tobacco manufacturer in Rich
mond. lie afterwards moved 10 Cincln-
natl. o. and thence TO Louisville. Mr..
Harris is a splendid man and is very pop
ular In this city, where he has many
warm friends.
Mr.. Harris says I'm his letter:
/ do not suppose you wish me 10 give
YOU an array of figures and statistics.
for these. no doubt. you have on file In
your office but rather TO state in a rev
In order to arrive az this opinion 1t may
words the causes that in my opinion have
led up TO the making of this great tobac-
co market.
In order to arrive at this opinion Z may
be we'll 10 30 back 10 the beginning OF
Louisvilles history as tobacco market
The earliest records we have begin IN
1928 to 1890 when the average sales We're
about 1000 hogsheads annually, with TWO
warehouses engaged I'm business. In
1850 the trade had grown to LOO hogs-
heads. i'm 1860 10 Is 900 hogsheads. IN
1870 TO AZ 600 hogsheads. In 1850 10 5000
hogsheads in 1890 TO 10000 hogsheahs,
and I'm 1895 TO $4,000 hOgsheads. The
year 1926 closes with sales Of 1919 hogs
heads. and with twenty warehouses ac-
lively engaged in the business You VIII
observe that the greatest Increase oc-
ours in the ten years from lsSo 20 iso~.
present trade organization was erected,
which has brought about such great re-
suits.
was comparatively slow until the estab-
lshment Of an organization which. by
laws and regulations. governed
the transactions between buyers and sell
ers and provided an inspection and guar
antee which was entirely satisfactory TO
both This organization was the old
Tobacco Board Of Trade. After many
and much experience gained.
in which the laws governing r." fiode
emf system. known as the Louisville
Leaf Tobacco Exchange. was adopted and
the governing principle be-
ing an equal representation OF buyers
and sellers in all committees and In de-
Gliding all questions concerning the mar
ket with the important feature OF a
guarantee Of the rights and privileges OF
buyers and sellers under the terms OF
this agreement. Whlcn nave Deeu rlBluty
and impartially enforced. 10 the salts
faction OF all concerned.
To arrive at correct conclusion we
must also consider the geographical po-
sitiOn of LouisVlle-its mild climate. It's
to the tobacco fields. its UNI
usual shipping facilities by rail and water.
It's ample banking capital and you have
an important factor In this uroblem. Yet |
all these advantages would not alone
make great market. You must have |
brains, energy. and hard work--a hearty