The Tupelo journal., 1904-12-09
BUSINESS.

rapidly added to the already large
number and industrial enterprises
of various kinds are being organ
lied and set on foot. The fine
crops of the past three years have
put the people out OF debt and sup
piled them with a large surplus
which they do not want to remain
idle. Many of our farmers have
money on hand above their needs
and in seeking investments have
put it into the stocks of industrial
plants and our banking institutions.
Three years ago when this wave
struck us, we had in the county
only two banks, neither of which
could then boast of a line of depos-
it's exceeding one hundred thous-
and dollars. With their facilities
then they found no difficulty in
moving our crops and in supplying
all the demands that came from
other business sources. The CAPT.
tai stock Of these banks combined
was one hundred thousand dollars.
Now the county has seven banks,
five of which have been organized
during the current year, the com,
bined capital Of which amounts to
$500, C00.0 90 and the deposits ex-
coed a half million dollars. OF
these banks Guntown has two, Net
Teton two, and Tupe'o three.
This gives Lee County more bank
ing capital and better banking IA
cilities, than any county Of North
Mississippi. All these banks are
admirably differed and are conduct
ed upon sound business principles
and are all prospecting. There
have been organized three large
mercantile companies, one of which
with fifty thousand dollars capital
is domiciled in this city, Hne with
twenty five thousand dollars at
Nettleton, and one with the same
amount of capital at Guntown.
These will all go into operation
with the opening of another year
and each Will do a general furnish
ing business. This city has for
years stood in need of such az es-
tablishment and the great concern
located here will attract trade from
long distances away. These con-
Germs will create buiness and in
stead of iDjuring the general
mercantile trade will materially
add to its volume and benefit it.
The character of the stockholders
and the managers who will direct
their operations guarantees sue
cessful careers for them,
In addition to many minor in
dustrial plants there has been Or
gained a fertilizer factory with
one hundred and fifty thousand
dollars capital, the buildings for
which are now being erected in the
north eastern part of the city. This
big concern will utilize a large per-
centage of the out put of the Tu-
pelo Oil Mill. 1t will be in opera
ton in time to supply the demand
for commercial fertilizers in this
and adjacent counties. The use of
this class Of plant food is growing
in this regiou and is already large.
The business of Lee county has
received fresh impulse because Of
the three record breaking crops
which our substantial farmers
have made and for which they re.
ceived remunerative prices. In
addition to this cause must be add
ed the perceptible increase of pop
ulation which has come into the
county. Most of this has been of
white men and their families who
have been attracted hither by the
prosperity Of our people. These
people make the very best Of citi-
zens. They pay their taxes and vote
and become profitable producers.
Let's induce all Of this class that
We can to come into our county.
ALI of our towns and every
neighborhood have made a spring
forward during the past year. The
year is a record breaker on crops,
so it is on immigration, on bust
ness, on schools, on churches and
all material interests. The people
are growing better and prouder all
the time, dress better, drive better
horses, build better homes. look
better and feel better than ever
q