The times. [volume] (Richmond, Va.) 1890-1903, 1902-01-01
YEAR 1901 BREAKS
RECORD IN CITY'S
PROSPERITl

cial activity the increase has been re-
markable. BY Slancing at the figures In
another column, setting forth the condi-
ton of the banks and trust companies,
it viii be seen that the increase in the
total deposits during the last three years
has been s7,SS5, 3I.65; the increase in the
cash and amount Que from banks during
the same period, SO, 500, LOS and the IN
crease in loans and discounts, 81, 326, lis. 49,
In bank clearings the increase is Strik-
ingly large. One would hardly expect to
find that the bank clearings of Richmond
for the past year were SO DISH. f4-larSer
than the combined clearingS of Atlanta,
Ga, and Norfolk, Va. But such is the
case. The clearngs of Richmond for the
year 1901, estimating for the last two
weeks, were sos, 991 $50. 10, an increase over
1900 of $50, 554, O6O.49. The clearings will
about double those of Atlanta, with all
of the latter's blow as d banking center,
and three times as large as those of Nor
folk.
GREAT AGGREGATE.
To sum up business generally in this
city during the year. The aggregate
sales in manufactures and the joboins
trade in round numbers were $91, coo
while general reports from the retail
trade indicate that the sales in that branch
amounted to S1+,000.00o q grand total OF
Sill ,00o,0 OO. This does not include the
vast business done by the banks, trans
portarion companies. telephones tsie-
graph. street cars. electric plants, build
ing ami other fields of activity.
The failures were few and ucimport-
ant. Not a single heavy failure was re-
no-ted. Thu number of failures was only
sixteen, and the amount of Liabilities
S194,7S2.
NEW INDUSTRIES.
The new industries in Richmond and
vicinity. including the vast Improvement
! and enlargement of the old ones, repre-
sents an immense outlay CT capital ana
the genius and intelligence of labor. and
capital alike. 1t is estimated that the IN
dustriai development in this city during
the last year or so represents an expen-
diture of about 81, 600, coo, more than twice
that of any other city of similar size
in the South. The great development
| along this lins includes the vast work OF
the Chesapeake and Ohio Railway in con-
structing it's immense viaducts, the big
enterprise OF the Seaboard Air Line If
getting into the city over James River
and, by viaducts, the handsome Main
Street depot Of the Chesapeake and Ohio
and Seaboard Air Line, the new depot Of
the Southern Railway. the great improve
ments at the Richmond Locomotive
Works and the Trigg shipyards. the big
electric plant of the Virginia Electrical
Railway and Development Company, the
extensive improvements made IN the lines
of both street-car companies and their
rolling stock, the construction of a splen-
did new electric linc from Manchester to
Petersburg and a large number of new
Industrial enterprises CT various kinds.
BUILDING AND REAL ESTATE
Building has been exceedingly active.
and many handsome structures have gone
up during the year, while 4 large number
of others have been commenced.
The real estate business has been more
lively than has been seen here for years
The demand for houses has been much
greater than the supply. and rent signs
are seen scarcely anywhere in the city.
The transportation companies have en-
ioyed great prosperity. So great has been
the volume of freight to handle that the
railroads have found great difficulty in
getting sufficient number Of cars to
meet the demand
SOME ADVANTAGES.
With a climate not to be excelled by
any city in the country: with ample
TRANSPORTATION facilities both by rail and
water: with magnificent water power.
exciting the admiration OF engineers from
all parts of the country: with street car
service second to no city in the South:
with fire department. police department
and public school system TINT are sources
Of Just pride: with splendid educational
social and religious advantages. public
buildings. parks drive WAYS. places of
amusement. and everything that goes to
make up great and prosperous city.
Richmond takes the lead as the Queen
City of the South.