The times. [volume] (Richmond, Va.) 1890-1903, 1901-01-01

Not since the civil war ieiI. ueIa AZ a1iis
and stillcd the wheels Of industry. mas
Richmond had such a, prosperous year as
The ono that closod at midnight last night.
nor has the city had such a bright out
look for the future.
IN every line of business there has been
Improvement shown. In some the ADVANCE
has been more marked than in others, but
IN all the growth has been healthy, sub SUD-,
vtantial and OF the character that Is likely
to be lasting.
The Times prints to-day statements
rom leading men in different branches of
raSfc. Zach displays a spirit of satisfac-
ion with the past, confidence in the pres
Mt and hope for the future. They snow
hat Richmond is advancing. with rapid
eady strides toward her ultimate goal,
hich,, when attained, will place her IN
e ranks OF the leading manufacturing
sifaes on the United States.
ADVANTAGES RECOGNIZED.
ASeyiew OF the years work shows that
ta.s rreat advantages OF Richmond as a
city OF factories are being recognized. Inc
rixt1ty power which for countless years
has fat,wed on to the sea. in the cham OF
~
and ere long scarce a 1nanufactory III thls
city hut will hum with the electric power
Generated thereby. Already miles of wire
have been laid beneath the surface OF the
earth. covering a greater portion OF tne
CITY. and, day by day. the work IN 1ne
rivers bed is being pushed.
So many and so vast nave oeen .le
manufacturing operations curing ..se
/ twelve months just closed that 1t is dl1il-
..uh to give an adequate ioea OF them IN
fSI10 Epace. Ono of Richmond's mightiest
en1 .a,,rises, the Richmond Locomotive and
1ttsJ iine Works, is a fair exponent OF the
aid of prosperity which has been flowing
.nr;fl eyer-increasins volume for months
mas Crowded with orders from dli1erent
narx 8 Of this country and even from the
ola SNorld, the giant plant is running day
.nd Il night. with no prospect Of idleness
anyJ Where in sight
t1I,Xe OF the anost far-reachinS enterprises
&c IN at OF aihe Virginia Electrical halfway
ana development Company. the blasts OIL
.rh,s2e dynamite in the bed of the river
navel for months past proclaimed inc
Workf which they are doing 10 advance the
caSsa Of trade.
CHEAPER POWER.
4, al from this source that cheap power.
,ri,i dome, and with cheap motive power
,nnst 1come an enlargement OF the manu-
fartuIing interests
Analse with the increase IN the Guy >
outpua OF finished products are the daciil-
iaes for transportation: North souIn. east
and west, Richmond is prepared to COM
,,ete viii, the most favored cities Her
3 ,,,.odnrlts can either be borne swiftly along
.hr iran. highways. Tadiating In every dl-
rect ctiofi or float down the bosom OF the
1amesi 10 the great seaport, whence an
rortiorts Of the world can oe easily
rea chet.
There has never been g l.n1e ei,aai Mlien ia,,-
Rad enterprise was more pronouncea.
ms city is literally girdied with rail-.
and a splendid depot. in addition TO the
1,andsoy.e ones already here, Is rising IN
the lower portion of the city
The year has also been notable Tor 4.
,rrease in the valuation OF properly.
= countless to the improved fac itles.
tba Aransaction OF business and the
Y .s,,,eaa confidence in the stability of
currency OF the counti:y.
sss Rank GIIEAIalNGS.
81. EAxt ,rs,,,arkab has been the increase.
I & AEsiMc annnk caearinss. which speaks
sn,5Sr ts,a,, words for the volume OIL puss-s
snsssM Ins ls9S the bank cleaIalas - ~ w, s,e
ms Se s7sS1O IN 1899 they We're Aiss', ,ssl
s.ess .ss IA ~. me mast year they increased
n my ...l sul1 -inr .Richmond Is far ahead
M :. .,,s - gIrrainst,an. Nashsille. Nor
r. s,snrton, o. c.. and Memphis.
e,vr leading banks show an ms
Eco ets y1s 50 81 10 SIG. s.llos7s. which
- rs s,e1 cent The cash res
4 III = ns,,1,eas1s from .S2o. .oo0e0 to
or 81 as s .,ss' Cen tsN -, , ] :,
= M 5tl,ig array OF dacts showing
..oY nresenL condi ditions. there
!, ssfi,res d1sinE the year This:
81 Increase over tho previous
a regarded & IS shoxInk 4: ~ 9 /.
n II