The times. [volume] (Richmond, Va.) 1890-1903, 1902-01-10

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enterprises II It be assumed as Is be-
iieved to be true, that most Of Peters
burg's tndustriesaare within its corporate:
limits, that Norfolk, in the recent ex-l
tension Of its corporate limits included
most Of the industries In that locality,
and that Roanoke, a comparatively new
city, was laid out in such generous pro-;
portions as to accommodate the indus
stries there, and we take the figures from;
IT papers OF January LIST, which include;
lie industries just outside OF Richmond
we find the statement radically changed
Gil a. ON The nattering one above. Upon
mat view of the case, rlcnnonu has a.
larger nunbe Of industries by Is per!
sent, a greater amount of capital utilized
by 80 liz per cent, more wage-earners.
employ ed by 1873 per cent. and an excess
n value Of output by 159 per cent. over
he three cities mentioned combined. In
deed, it employees IL per cent. Of the.
.rage-earners, and turns out AZ per cent
3 Of the. manufactured products o. the en-
tire State Of Virginia. Again, can any
stronger or more emphatic argument be
presented for4a wise and well concerted
movement for the eXtention of the city's
corporate limits!
MANUFACTURES AND IOBBING
TRADE.
The Locomotive Works and the W. r.
busy. The latter company has been
at work during the entire year enlarging
disabilities.
The Virginia. Electric Railway and De-
vclopment Company turned on it's cleo
trio current on April 7th, Of last year,
and are now furnishing motive power to
many enterprises All other manufac-
turing establishments are working tic
the limit OF their capacity and are doing d
healthy business.
beg to call Your attention to the In
crease in the amount of our manufac-
tured products, which reached the sum
{ of SIS, 95S,105, an increase in 1901 over the
previous year of s7,096,24 Our jobblng
trade also shows gratifying improve
ment, for the same period, the amount
of sales being 1875, 900 or s2,7aS,S06 over
the previous year. These wholesale
transactions, with the addition OF retail
sales by a close estimate, placed at about
81, 900, co., Indicate a business for the year
under review Of some s111s33, Jos. with
possibly some unclassified lines Of bust
ness omitted.
OUR BANKING INTERESTS.
The financial institutions of Richmond.
whose operation is a sure reflex of other
business transactions, have to such an
extent increased as to afford confirma-
Gated above. Our bank clearings for the
year 1901, reached the unprecedented sum
Of s19s, 90, 536 or 500, 900 over the pre-
vious year, and in this respect Richmond
row ranks third among the cities of the
South, being exceIled only by New Or
leans and Louisville. The deposits by
the latest statements amounted to $19.-
725, 343.17, and total assets to s30,345, 302. II
Notwithstanding this large volume Of
business. the number of failures In 1901
was only sixteen, with liabilities aggre-
eating S194,7S2, making the ratio of de-
faults to the business of the year 81. Is to
the $1,000.
With this exhibit we can feel we'll as
sured that we are not retrogradng but
steadily progressing.
NEW BUILDINGS.
During the year many large and i'm
posing buildings have been erected, one
of which is the Mechanics Institute
Too much cannot be said of the unset
fish devotion of the managers of this
noble institution who, with undaunted
courage, have at last succeeded in having
a building erected commensurate with Its
ever-increasing needs.
They have been ably seconded in their
efforts by a corps of instructors devoted
to their duties and who rejoice to see
the great good wrought by their work.
Hundreds of young men, who being COM
PEELED to earn their bread before they
could receive a complete education, have
thus been enabled to acquire knowledge
whereby they can reach the highest poa
sitfons in the mechanical departments Of
great manufacturing establishments.
The American Cigar Company arc
erecting a mammoth plant on the site IF
the warehouse recently destroyed by fire
and the adjoining lots, their building
will now cover an entire square.
Murphy's Hotel has been enlarged by
the erection of six-story building on
the opposite corner, doubling the orr
ginal accommodation for guests. 81
Other buildings approaching compile
ton are the Virginia, and Carolina Chem
ical Company's Office building, the pow
er building erected by the Richmond In
dustrial Company. something new in this
section, and which has for its purpose thu
letting Of power to a number Of small
manufacturers, who can occupy the
building and whose expenses will thus
be materially reduced.
In addition to these there have been
and are now being erected throughout
the city many new residences-in fact.
the building trade has been and is taxed
to it's utmost capacity to carry out con-
tracts.
THE CARNEGIE LIBRARY.
Early in the year we were informed
that through correspondence had by our
fellow-citizen, Mr.. Robert Whittet, ST.,
with the great philanthropist, Mr.. Andrew
Carnegie, the latter gentleman had
agreed to donate to this city 100000 for
a public library, provided certain condi:
tons were complied with. The Board
OF Directors of the Chamber after thor
ough discussion, endorsed the movement,
and the City Council decided to comply
with the conditions, and We may soon
hope to see the building erected and the
library esta blished which is one of the
necessities OF a progressive community.
OUR NEW DEPOT.
This imposing building, jointly erected
by the Chesapeake and Ohio and the Sea-
board Air Line, is now occupied by Ties.
companies and the public has commo
dious and up-to-date accommodations
To see the improvements made by these
companies In the terminal facilities. and
the viaduct along the river front, on
which millions have been spent, is a rev.
eiation to all and ought forever to 81.
lence chronic grumblers who never can
or raa1iza the CITY Is prOwinc