Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1901-08-10
NATIONAL BANKS IN
SOUTHERN STATES
One Hundred and Seventy Es-
tablished Since 1900.
TOTAL CAPITAL S9,1O5,OOO

This Is More Than a Quarter of the
Aggregate Capital of All the New
Banks - Lumber Business of the
South.
BALTIMORE, Aug. 9.-The south has
shared literally in the impulse given to
national banks by the act of March IA,
1900, according to an analysis in this
weeks Manufacturers Record. Of the
665 banks organized since then ITO are
in the IA southern states, with an ag-
gregate capital of So, 105. 900, more than
a quarter of the total capital, $34, 267,-
| 900, represented in all the new banks.
The group of these southern banks
ranks second in number and capital OF
all the groups in the country, eight mid
die western states north of the Ohio
| leading Texas is the first state in the
country in the number of new banks,
IS, and third in the amount of capital
involved, So, $40, 600, Pennsylvania 70
| new banks representing capital OF S4,-
357, 900 and Ohio's 10 banks represent
ing capital of $3, $50, 900. OF the new
southern banks 109 have taken advant-
age of the provision permitting the or
ganization of a national bank with less
than $50, 900 capital.
The organization of these banks has
been made necessary by the recent de-
velOpment in southern industry and
railroad construction, and building Op-
eratiOns in many cities and towns have
contributed not little to the same end.
For example, a correspondent at Allan
ia writes that there is a much larger
amount of money being invested in new
buildings in that city than in any time
in recent years. In July more than 200
permits for construction work, repre-
senting all investment of nearly $474,-
900, were issued there.
Similar facts are noted in quite
number of other southern cities, and
the effect is seen in a healthy status of
the lumber industry at various points,
though the hardwood trade as reflected
at Memphis is dull, and the market at
Mobile for timber has very little snap
about it.
At Jacksonville the industry is Of
very healthy character and in nearly all
lines there IS an encouraging volume OF
business pointing to the growing impOr-
tance of the trade at all Florida ports.
The rapid development of pine and Cy-
press timber lands throughout the state
and the recent sales of hardwood timber
lands to be at once developed have at
tracted buyers from northern markets
in increasing numbers.
Healthy State of Lumber Industry.
The immense interests in lumber of
Louisiana and Mississippi centering at
| New Orleans promise a continuance of
| activity through the early autumn and
winter months An unusual demand
exists for material for local purposes,
and there is great activity in the milling
sections on the lines of railroads enter
| ing the city. At the yellow pine mills
| the output has enlarged over June and
July and the tone of the trade is steady.
| In Mississippi the season has been
most satisfactory one for lumbermen
and the demand from the north and
| northwest is better than ever before.
| Mills throughout that state are running
as regularly as they did in the spring.
| Northern markets are taking an i'm
mense quantity of red cypress, and it is
estimated that the increase in the ship
ments of this wood from Louisiana has
been nearly 33 1-3 per cent
The opening of government lands in
| Oklahoma has been a fruitful source of
lumber orders for the southwestern
states. Firms in Beaumont, Tex, alone
have furnished probably more than 200
carloads of lumber fEom the territory,
while orders from Texas are numerous,
calling for large amount of planer
stock, flooring, ceiling, siding, etc. This
demand is the greatest in many years
and is caused, apparently, by the exten-
sive building operations in the cities
and villages Of Texas.
INDUSTRIES OF FLORIDA.