The times. [volume] (Richmond, Va.) 1890-1903, 1899-09-27
WEDNESDAY. SEPTEMBER q, 1902
RIcHMoND's PROSPERITY.

RICHMOND'S PROSPERITY.
A few wears g every branch Of trade
and industry in Richmond was depressed
and nothing seemd TO flourish except the
nropbets Of evil. They were numerous
and in high feather. They declared that
calamity had settled upon the country
ike a pail and that st would never be
ufted until the minis OF the country
should be opened to the free coinage OF
silver. some Of these cried calamity for "a
purpose. but others were honest IN their
belief that 10 was necessary FOR no gov
eminent 10 do something for the general
business OF the country and incidentally
for the general business Of Richmond.
Some OF the most astute business rcn
in the community said that free silver
was the only remedy in sight, and that
they were willing TO make the expert
ment because they did not see how con-
ditions could be worse and That they might
be improved through the method suggested
By the Chicago convention.
The Times did not think so. We Were
quite as sincere in the belief that TO try
the remedy recommended I'm the Chicago
platform wouid be simply TO make q lad
matter worse and p|recipitate a financial
panic which would well nigh bankrupt the
whole country. II seemed very clear to
US that the silver legislation Of the past
and the threat Of free and unlimited cciu-
age at 16 to in the future had destroyed
public confidence and shaken public credit
and that it was this lack OF confidence
which was responsible for AN our woes.
our belief amounted TO positive convic-
lion that the remedy was 10 be found i'm
restored confidence and that this could.
come only through the establishment OF
the gold standard. Day In and day out
We preached this doctrine. We phophe-
sled that with restored confidence pros
perlty would surely come. Confidence has
been restored and prosperity has comc. not
only TO the country al large, but 20 the
city OF Richmond. in proof of this We
cite the article which appeared I'm The
Times Of Sunday. In which 1t was shown
that improvements were going on In this
NNfMAlAlAaHN AANNA AAn NHN tANNNANANHAA Va
100000 The whole is admirably summed
up IN the following special from Rich
mond 70 the New York World:
In the history OF Richmond there has
never been a period when there was such
great activity In the building trade as
now. Improvements are going ranidlv
forward which VIII aggregate s5.OD0.00 I'm
value, and others are projected which viii
amount TO az much more. There is not "a
competent mechanic ont Of work I'm this
city. indeed many more are needed. and
common lahorers are I'm great demand.
The most notable work Is I'm progress
on The James river front. where a
wealthy syndicate known as the
James River Falls Paper and Pulp Minis
Company is erecting a big factory.
\ short distance AVA the Virginia
Electrical Railway and Development
,.npauy. heaDed 10y President John Skel-
fon Williams. Of the SeabOard Airline, is
constructing a plant which is designed TO
furnish power 10 the factories and Eight
70 the city.
Work has Just been commenced by the
Southern Railway on a new depot. which
Is designed 10 cost 5000 o0. and in a short
while the Chesapeake and Ohio and Rich
mond, Petersburg and Carolina railways
will begin the erection Of an immense
Inion passenger station. which will stand
near the centre Of the city and be reached
hy steel via0ncts.
IN short time the construction OF a
steel bridge across the James river Will
be commenced.
The American Tobacco Company has al
most completed what IS said 70 be the
largcs warehouse in the South.
A short distance from the city the own
crs 81 the Union University. an Institution
for the education of colored youth. are
putting up "a number OF sniondid buildings
a. an estimated cost Of $4,000.
The Richmond Locomotive and Machine
Works. which have customers I'm Europe.
Asia and Africa. as well as In the United
States. are making many improvements
and charging their already immense
plant.
Perhaps the most popular improvement
Is the erection OF an up-tO-date theatre.
which Is one Of the handsOmest structures
OF It's knd IN the South.
4 large amount OF money is being spent
for handsome residences.
There Is a project on foot 10 construct
an electrician line between Richmond
ard Petersburg also a short line 10 the
village OF Ashland. sixteen miles rorth
OF here.
The New York world IS a newspaper.
and prints such news only as
It's editors believe Will be IN
tercstipg 20 the reading public.
The publication which we reproduce above
was a news feature IN yesterdays World.
and was printed under a display head in
. conspicuous place in hat newspaper.
II IL indeed. an interesting piece OF news.