The sun., 1902-10-19
Alexandria. Danville. Petersburg. Lynch.
burg and Norfolk combined

1 Alexandria. Danvilie. Petersburg. Lynch.
burg and Norfolk combined
Speaking Of Richmond's progress at the
time the above figures were compiled
" VI Hablis'on. president Of the National
Bank of Virginia. said
Contrast Richmond to-day with what
| Was eleven years ago and the great i'm
! provemcnt shows in every direction. !
| know Of no more cert ain sign OF the great
prosperity Of this city than the actual
showing of its financial institutions. Rich
mond's prosperity il not in talk, but in
! real assets which are demonstrated bv the
actual deposits 81 the money ia the hanks. y
la attempting TO grasp ia" full signih-
Cance of the story which the figures of
Richnond's financial institutions and of
her manufactures tell. as well a. to take
IN all ~ effort and intelligence which the
'lsble. physical evidences Of Richmond :
growth mean. il Is necessary always TO
bear in mind the picture of ruin and desc
lation which was spread before people
here al the close of the war.
From that bleak waste the energy and
Intelligence of her people. turning to thoir
tages Of the place. have made Of Rich
mond the third city OF the South. New
Orleans and Louisville alone SURPRISING
her
The ci,v's credit is excellent There
never has been a default in the payment
Of the principal or interest on all her OBJ
ligat ions The value of the municipal
assets, including parks, public buildings.
water works and th" property of the Fire,
Police and other city departments. was
estimated az the beginning Of the year at
over s. ,ooO, COO, or about $500 600 in excess
Of the municipal Indebtedness For years
Richmond per cent bonds have been
selling above par
TRADE FIGURES.
Last wear she turned out more than
s55. 900, 600 worth of manufactured art iclcs
This year at the same rate of increase
only as held good III 1901. she will turn out
close to s85 100000 worth
Last wear she had .389 manufacturing
establishments. an Increase of ffty-one
over the year before. If the Increase of
the wear 1901 over the wear 1870 continues
through the year 1902, the amount of capi-
tai invested in manufacturing here will be
close 10 $50 900 900, and il the same rate of
Increase holds the number Of hands en-
ployed in her manufacturing concerns.
will be upward Of 10000 hin 6.ooo or
1900 Of the entire population of the city AT
the close of the war
Last years iobbng sales increased over
those Of the year before by well on toward
3oDO.WO. II the same rate of increase
hold, the johblng sales for 1872 should foot
up si7 go ,ODo or S4s,Dv,00.
A. "A matter of fact they are more likely
To pa, the so 100 ,Ooo marx. for Richmond
IL every day developing more and more
strength a. a jobbng trade centre. The
total trad" sales of last year were over
slll 900 900 and in the entire twelve months
there were Just sixteen business failures
with total liabilities. irrespective OF assets.
footing up 10 only sl94,SO.
THE CITY's RESURRECTION,
In her palmic-' days bu, little more than
dull provincial town, barely out of her
village swaddling clothes; in the hour of
her greatest depression little more than a
name upon the map. Think of all that as
YOU read the formidable array OF figures
that tell Of her prosperity, a. you 60 about
through her .Lsautiful streets and avenne,:
a you look at her splendid hospitals and
libraries and e,l,icat ional institutions
many of them with all the histre Of newne.s
still upon themi
Only America could be the scene Of such
ma agnificent effort and such magnificent
Results. There is a deal ,aid about the
marvellous development Of the West about
the bewildering growth of Western cities.
about the rich sediment Of yellow gold
which this present great wave of prosperity
II spreading over Tue country "hl'h 70
many h'ihu- suggests oh'v 'h'7e par on the
country ue-'Shat"o ,he ta'' ana IN" west.
bu' lNeI the same 'here mas peeh qlne'lN'
Almost ooscure'y' eNi''p'''d mere III the
Hou'h u'eree Oh American 'n"isE' 81
american grit nhntr cohd'ioh, tha' ""Hip
forever nave bllSh''d weaker people,
Which may wen pe written hlsh up ana IA
hlazlhg letters on ''e or'e"' roH oi American
achieVeineh''
Forget the war; do nothing of the kind
he"p 'h" "a' 'ro'n IN hlhd keep lis Sa-
nara wake o' hopeless waste an "Ner-prc>-
CIV picture "l"r' YOU IL you ""Nd nave a