The times. [volume] (Richmond, Va.) 1890-1903, 1902-12-28
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the assets for the same five years was
Ger I'VE times what it was for the Same
preceding seven years. Another STRIKING.
's' lure shown by the banking statistics
IS .Aat the banking capital exceeds tnat
OF Georgia by more than fifty per cent
AM is larger tnan that of louisiana
when mas the large city of New Orleans
within It's boundaries. OF the banking
capital OF the State, Richmond has over
oie-thlrd, and Of the deposits nearly one
third
Richmond Is fast becoming the financial
center OF the New South, and 1t is only
a matter OF time when towns and cities
sctth OF us will buy Richmond exchange
instead OF New York exchange
NEW Buildings.
New buildings have arisen IN Richmond
during the past year as II by magic Not
In one section or quarter, but all over
the city one sees rev structures. In
otEeI instances old buildings have been
completely rsh1bilitated and made as
seod as new ones. The aspect of parts
CT some streets have been completely
charged and made to look metropolitan.
II is estimated that the sum OF seven mil
Ion dollars has been spent here within
The last twelve months in building opa-
70 tious. The Virginia Mechanics insti-
tute has been competed and the Jaffer-
sen Hotel. or at least that portion OF It
til vi was not destroyed by fire azs b IN
handsomely redtted out IN Lee. Gistric:
many handsome residences have arisen,
while on Franklin and Grace Streets
others have been built. All of these fGi
r ady occupants, and in many instances
the houses are rent-d or sod ere
the excavations for the foundations
have been completed. The Old Al
la. lot. which has so long been vacant
in tie heart of the city, VIII soon lie O.
cupied by handsome bui d.ngs. some os
them being already nearing completion
Eut the sum that has been sp,nt in tho
year just drawing to q close. large as II
Is will seem small in comparison with
that which is to b spent in the coming
year Plans are matured for the ersct.on
OF many splendid eGifces. Including
ha ndsorle Office ard apartment buildings.
These changes remove old landmarks;
place to one who has not visited it for
4 decade. or even less time.
THE JOBBING TRADE.
The feature of the jobbing trade has
been expansion. Though the preceding
year broke all previous records. it has
}nen surPas1 ed by this in the volume OF
business done. and the wholesale msr-
Grants are looking forward to better
things for another year. Wider territory
has been covered and this has required
dong business on a closer margin Of
prtfit. All of the vast territory to the
sot thern boundary of Texas Is now sup
Piled by Richmond joobers. This is 8
rich territory and growing one. and tho
iobbsrs OF this city are constantly in
cr4as:n- their bus ness throughout the
length and breadth OF it The year has
beer a successful one and the next IS
expected TO be stu more so
TOBACCO TRADE
The wear in the tobacco tra'e has been
a fair one In some respects ii has been
phenomenal Prices have been away UP
and for dark tobacco they have staid up.
The loose tobacco trade has been the
best In this city for years past The
o. ices paid caused many farmers TO pour
In with the weed and for some days
scenes were witnessed on
tn exchange where sales were held Or
gasiight And with all this congestion
the prices held firm. So tobacco men.
dealers. farmers and wsrehouSemen are
satisfied with the year. The receipts arc
expected to De larger than those or
last var though tn inc ease In this re-
spe-t will not be startling.
There has been a large increase in the
amount of mail received ana sent from
the postoff!ce So true is this that the
facilities for handling It haze been great
" Handicapped and the desire for moro
room has become dire necessity.
There Is prospect that before the new
years is gone the 'tuation VIII be re-
lieved. Congress havng made an appro-
priation for the purchase o. a sire for 4
new public building The increase IN
mil handled has been especially marked
in the number OF newspapers and peril
The revenue receipts have fallen off
somewhat within the past year. but this
fs accounted fo- by the reduction of tho
taxes In consequence of the epeai of the
war revenue law. and the discontinuaEcs
of the stamp taxes.
Az the year 1902 draws to its close.
Richmond. the fair daughter of VIZ
giria can look with bride mon her his
torical past. gaze with coupacency upon
her present ACCOMPLISHMENT. and turn
her eyes. bright with hope. UPON her fu-
ture destined to exec that past and
present as the brightness Of the su" OK
GELS tire pale rays OF the Queen OF Night