The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-01-01
The Voluneo Business Of Rich
1nond Jobbcrs Steadily
(. 5 Increasing. q, 55sS ssa,
AN gEXCELLEMTa YEAR
IN MUNIC IPAL AFFAIRS
The Stability of Richmond a1ld
Virginia Financial Institution " \
y Splendid Tribute 9 to tllessass nj
sagacity 81 Those Who n
Direct Them y Glanc Z 3;5
s Il, $50 Il y :, :. /

attic + Past s'' Isg1
The record of&anotl tllerE year IN RichsSl
mond 8 history has been made up anda
added to Its predecessors. While In somsSSfs
respects tho city. and It's peor.6 have pos5%ai
ssibly known more prosperous years. IN IN
perhaps no other has tho city made Ymors$aa
substantial advances along many lnesssss
This is no tably truc in aspect TO mum i-S
pal improvements building entarprisesss 3
and the extension Q tic city trad e.83 q
along almost I'LL lines 4 Wi lie ispecula-
tive enterprises and those who Ven tura
in such projects have not been as i, ,r6al alssS
porous as Snsonos former yea rt,, thera aSijs
has been steady I normal gro thEots many
ablished ENTERPRISES ms 4 ne eW5 ones
have sprung up. and in shor the history l y3S
4 Of the year may be ep tomlzed infs he
one word gress. 4. ,3.
Richmond. in commo n with the 5enti tireSSS
country. has felt the stress and S.straipa
incident to- conditions almost appro o2t-Rs
mating panic in finance All ttlibnt ta;SsES
bic, as thong q bse yers sagreo
tho reaction follow Ing periodaSo Sof es ccsssiYsai
5specula tion aud 4 .irlat ca yal llcs:s$ over
speculation md ave pitalisatle sofss;
gigantic
fdf eral Years unit! con inS
stability and dividend paying capa S,ityssS
hegan to wnne. hem n came III lstrus NJ
steady decrease In tile. value of secu ties
amounting to a great shrinlt Of sval l,iess
AS It has aptly been expressed. tho wa ter
has been wrung out of the ste Of 81
large speculative ,enternrises.s nd In gonlt,3.
cases there seems to have been little 3leftssi
Naturally largo holders Of those seouritiesRs3
felt the depreciation In the value Of their
holdings. While many Richmond peoplaa Y
have suffered losscsgin tllis 3way., glsSS
tribute to the nrudence8and foresight of
the business men and capitalists Of the
city that they have not ventured beyond
their depth. and hence lavo not been
swept away in}the receding wave OF spec
ulation which has destroyed SO many alI y
over tha country. + .5s$ N n s5s 81
Solid Institutions. "a "A
Tho great shrlnkaze In the value Of
securities and tho string sncy in money
\ duo to this have not availed to shake q
the stability OF Richmond financial Bin-s
Fstitutions and on the Q other hand have \
but served to- nnltlr.n public faith ir1SS,
& them Like a mighty oak tina / has wt h-ssS
stood the fury Of a dsyas ting storm, he
financial institutions and enterprises ,t !,
y this city are but ,grander in their proved q
/ strength anu stability than when IN times
Of prosperity they stood unassai lied u l3Ss
1t is "a splendid tribute To thn prudent
R tnanc.ering and the sound JUG udgment offss
Richmond bankers and 1nanciers tha Il at
the end OF such q year all stand untf,a-gS
paired In their solidity. and In excellent
cona.tion In every way. T he faith Of the
people IN these institutions has hsen@
shown during the year 4 n the most subs,
stant!al and eloquent manner by the in -sSsf
crease OF thor deposits. the augmenta tious
exceeding TWO millions of dol lars. " & ii;
Those holding no speculative stocks tand u.
that mum ncr embraces the great ma 1ority W.
; OF the cltizens) have prosperedS Sdurn ng the
year. Ana 80 have n, leglt ltlmate enter
prses Inquiries among the johhlnE firms n
I In every line, at tho Offices Of the larEa$ y
commercial agencies. at tho hanks and =
at every point Where a steady finger Ia
constantly nnthinH the pulse OF trad al II
Z elicit the statement that ..la year N 1aof ha ~
heen one OF healthy, normal grhwth gem
orally In the large jobblng trade and In 4
the mercantile and manufacturing 4 lie o A
the city, From all these sources ana from
tho court records or ban-.fup cies y n is 4
ascertalned beyond peradyentpre that atSthafg
mercantile and manufacturing anterprlscsl
& of Richmond and Manchester. haYes bseiisf
conducted lii conservative Z and safe d
manner 4, N
Number of Failures,
The mercantile agencies OF Dun and
Bradstreet. covering the greater portlonsi
OF the two States OF Yirsinla and North \
Carolina, contiguous and tributary to-;
Richmond. give gratifying account 81 fs
conditions IN their tertiary during the.
wear. The number of failures recnrdeti,
in the territory named In 1901 was 2ssi in a
1902 but e6a. and In the year Just ScloSeG.F
only ESQ III this city the showing of
failures is. IN 1901, tWenty-oi'ai IN l9c2,
3twenty-nine. and IN 1893. thirsy,tso u a
The aggregate liabilities OF thirty-two
failures was much less In amount han
In 1909 Aside from the furry IN spee-
NATIVE securities actual business scondi +
tions In this city are repsyted good ~
has been a good year for the Jobping
trade renerally. and collections have held
IN very we'll, A number Of local Job