The Providence news. (Providence [R.I.]) 1891-1906, 1899-07-12

,OO IIIENlN IlNDOolN NIhL
BILE and industrious. and much or the
success already attained In manufactur-
Ing here Is In a measure due 10 the fact
that there is no difficulty IN obtaining
a desirable class OF employees.
Food II cheap and rents are reasonable,
despite the fact that there are no vacant
houses In Meridian. In city where, ac-
SSrS SS sents az apiece. .O eggs ' to & cents dos
en- and butter IL 10 2 cents q pound, all
first-class products. artisans and opera
tives can live very comfortable on mod
There are good farming lands near Mer-
!dlan. The soil in It's Immediate vicinity
Is shat sna gandy fs Sy but
use Of fertilizers. and good land Tor agri-
culture adjacent % the city can be bought
for from 70 TO $50 an acre, Inc aeog aesSn son
ton for grazing. for the grasses are
nourishlng and luxurlant and the cattle
bred upon II make sweet and solld oeet
Meridinn's Finances.
Meridian's finances are handled by two
national and ono savings banks. There
are also four loan and building associa-
lions, which have been OF great assist
ance In building up the city. The two ma
tional banks do a profitable business. and
have accumulated large surpluses, and
business. The Meridian National Bank,
J. ii. Wright president. has a capital OF
10000. to which may be added sSsd ed 'SS 500 OF
sources include 1912 500. loans; s92.l7s.
banks. and ,ss.Os7 cash, Il has New York
tions. The First National bank. w. w.
George president, has a capital OF $4,000,
a surplus OF 100000, and deposits Of sea-
bonds, 1896; real estate. sss.52l: due from
banks, sl59, ,SST; cash, S45,S95 Ii has New
York, Chicago. Cincinnati and Louisville
@. w. Meyer president. has deposits OF
900. Its capital is $4,000. and the sur
plus Is s9O6. The total resources foot up
New York, Cincinnati. Chattanooga and
Mobile. The state rate OF interest is
per cent. and on contracts 20 per cent
ment and any Influx OF capital would be
well remunerated and kept constantly
employed. None OF the present institu-
tions have any idle money as It all goes
out 10 aid in upbuildlns the city.
A Trunk Line Centre.
Meridian is served by five lines OF rail
road. parts of three great systems which
operate their own lines for a total mile
age OF 1880 miles. This splendid railroad
service by three competing lines is
guarantee OF just freight rates. The Ala
bama & vicksburg railroad runs about
due west from Meridian TO Jackson and
Nicksburg, where II joins at Delta an
other part OF the same system the Vicks-
burg, Shreveport & Pacific railroad. and
thence on 10 Shreveport and important
connections TO Texas and the Pacific
coast South from Meridian the New Or
leans a. Northeastern railroad extends as
part OF through route north and south
from Cincinnati, and the great cities OF
the West TO New Orleans. The Mobile &
Ohio system passes through Meridian on
its way between Mobile and ST. Louis.
The railroad outlet 10 the northeast Is the
Alabama Great Southern, running
through Birmingham and Chattanooga TO
The 5246 miles of Southern Railway track
gives Meridian direct communication with
nearly every city OF Importance In the
South and through TO Washington, ID. c.,
thence 10 New York, Philadelphia and
Boston.
BY means OF two OF these railroads Me-
rdian has a direct outlet for exports OF
products from the ports OF Mobile and
New Orleans. This privilege gives the
manufactures OF Meridian choice Of two
ious TO secure his business - and making
inducements TO get II. This phase OF the
railroad situation OF Meridian cannot be
otherwise than attractive TO capital desir-
Ing TO engage In manufacture In the city.
projected TO connect with the Illinois
Central, and its 1861 miles OF track from
the great West to the Gulf. A syndicate
has purchased 5000 acres OF fne timber
land In Winston end Noshoba counties.
northwesterly direction TO connect with
the Illinois Central, passing through Phil
adelphia and Louisville Miss. and tap
ping the great lumber region of which
these cities are the county seats
A Very HealthfuI CITY