Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1900-01-19
RICH LITTLE TOWN.
c. pIz. o., THE WeAlTHIEST IN THE
WORLD FOR ITS SIZE.
Contains More Financial Institu-
tioas Than Churches and schools.
Deposits In Hanks Average sI,aOo
Per Capita.

Sontains More Financial fnstitu-
tioas Than Churches and schools.
Deposits In Hanks Average $500
Per Capita.
CadlZ. o.. Is the richest town OF its
size In the world With barely l,Cu0
Inhabitants and not u manufacturing
industry OF any sort ii has four nation.
al hanks and four prosperous loan as.
...aIions. with combined capitaliza-
una ~ Sl.2lJ.UO0. Ii has more tinan.
ciai institutions than IL has churches
aud s,uuuls. Although il is one Of the
suIaIi, Il settlements in Ohio, there are
only tour cities in the state which do
mOir business with money than ii does.
Cincinnati. Cleveland, Columbus. Tole-
do and CadiZ is the way the list runs.
The isolation OF the place makes Its
position as Il money center all the more
remarkable. There is no waterway OF
navigahe size nearer than - miles.
and the forgotten, forsaken and wholly
hopeless travesty of 4 branch railroad
that sQulrms aud twists and wriggles
up steep hillSides and through ravlnes
TO the main line OF the Panhandle Is
worse than no railroad at all Persons
have been known TO walk the eight
miles rather than trust themselves to
the uncertain roadbed and shaky cars.
Situated on n group of hills, with
crooked. Ill kept streets and sidewalks.
II is a typical sleepy country village.
n,tf % h.,
every state in the Union aud from
some Of its dependencies pay interest
for the funds Of these banks and give
up the gilt edged securities which their
shrewd magnates demand.
Figures concerning the banks Of Cad
IL are rather interesting. \ recent re.
port shows that their combined capi.
taliZation is but $3.50 900. while they
possess surplus and undivided profits
Of SlIl,359 The deposits amount to
$l.125.052. and the discounts foot up
$1.594.S41. Considerable money. too.
has been earned for the stockholders
since their organization. With 4 cap.
itai stock of $l20. 900 the First National
has paid In dividends since 1853 the
sum OF $3J4.S5T The Farmers and
Mechanics. organized in 1880, has paid
out about SS6.Om on a capitalization uf
5O.0OO. and the Fourth National in the
six gears Of It's existence has divided
$36,0uN among the holders OF Sl2O.0O0
stock. Since 1856 the Harrison Ma.
tonai has distributed S354. 600 on a
Stfhl nlAl t.o nj n ii1nt ion Tins II will hp
seen that, counting the undivided prof
Its. the banks Of this ont OF the way
| country srttl &nent have earned for
their owners more than Sl.0o0000 on
an investment Of about one-thrd that
amount Leaving out the 400 colorcd
lnha bitants. the deposits average about
| $1.50O per capita,
There has never been n rum neither
has there been a rumor that any OF the
institutions was unstable. The bank
| officials are conservative and shrrwd
men. although they trusted not wisely
In the value of western farm securities
not long ago. None of them, no matter
what his wealth, possesses Il carriage.
There isn't butler or laCkey Of any
sort in the town. Although the people
are cultured and well Informed as a
rule. there are but two university grad
yates in the place-the common pleas
| Judge and the Presbyterian preacher.
! The young women. instead Of going 10
! college. have culture club where
| they eat cake and where the most stu
pid girls read brilliant but strangely
familiar essays Oh Shakespeare or
George Eliot This plan Is cheaper and
has just as good results.
A few mol~ns ago wandering "tool
shnrpener" drfted into the town, drill
ed an oil well in one Of the fertile val.
leys in the neighborhood and struck a
paying pool. Since then the farmers
have been receiving fabulous bonuses
for their lands, and dozen large for
tunes have been made. There will
have to be another bank in Cadiz soon