The age-herald., 1900-01-20
IN HOTEL LOBBIES
 AND ELSEWHERE

Joseph Jacobs, of Atlanta, spent yester- day in Birmingham looking after his new
 drug establishment recently located here.
 which is in charge of his brother, Eugene
 Jacobs.
 Joe Jacobs is a pioneer in what is known as cut rate drug houses in the south. He started a dozen years ago in Atlanta on very small capital. Today he has four estbhsh- merits in Atlanta and one in Birmingham, and by the commercial agencies he is rated
 high. Indeed, he has made fortune out of
 the drug business and is napidly adding to it. He is strictly business and at the same
 time is one of the most courteous and clever
 business men in the south There is no
 more popular man in Alabama than Joe
 Jacobs. He is leader in pu'oie enterprises
 and is considered one of Atlanta's half | dozen most progressive citizens. He is
 greatly interested in Birmingham and ex- pressed the opinion yesterday that in less
 than ten years it should and "of a right
 ought to be- the great city of the south. Milton H. Smith, president of the Louls- vile and Nashville railroad has been in Bir- | mingham several days arranging for new ,trackage and other matters to the end of keeping pace with the great and growing development of Birmingham.
 "As one of the directors of the Audito-
 rum company I would certainly vote
 against renting the house to Julia Morri-
 son." said B. Steiner. "I have no doubt
 but that the other directors would vote
 likewise
 'eThe interest rate for time money in
 Birmingham was 4 to per cent just before
 the recent Wall street furry, but now it is to 7,'' said a prominent banker
 ''Money is easy enough, and will be easy think, until about July. The presiden- tial campaign will be attracting attention by July, and things will be more or less
 unsettled from that time until after the | election. Money on good mortgages can | be had here for per cent. I made a five year loan this week at that rate. Had the Greater Birmingham scheme been car ried out, which would have given this city a population of over 60,000, our money rate
 would have been lower. The people never appreciated the importance of annexation the importance of increased population. But from the bankers point of view the size of a city has much to do with its bor- rowing strength and with it's financial standing generally. Everybody will be looking out for the census figures this year Birmingham will barely reach 45,-
 900. This will be big gain over 1SsO.- to be
 sure. but it will be 25 per cent less than it bau bo6 ried."
 New industries are becoming so com | mon in Birmingham and vicinity that they no longer attract general attention" said an officer of the Commercial club. And this industrial activity and development
 will increase as time goes on. Tine growth of Birmingham will be very rapid in the
 next ten years"
 January cotton closed yesterday at
 74Sc to 749e, while May closed at 7.44c- an unusual difference" said a cotton
 planter. with January at 749c, May should be above 7.7ec. The rapid advance
 in January cotton shows how scarce stocks are. The crop will fall considerably under
 nine million bales. It will probably not be
 over eight and a half million. This will give us eight cents or more.'
 "Nearly every large city has its Virginia
 society-a society composed of former citi-
 zens of the Old Dominion," said a prom inent gentleman native of Virginia. ''Vir- ginia societies flourish in New York, Bal thnore. Washington Chicago, Atlanta, St. Louis, San Francisco and Seattle. The lat
 ter city is made up very largely of vir- ginians. The Virginia colony in Birming ham is large and influential and 1t is learn-
 ed that they will organize themselves into
 a society some time during the present year. There are at least one hundred and fifty Virginians living here, and most of them are very prominent The Virginia annual dinner is a great event in several of the cities named above"
 
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