The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-06-26

k8ES 49, II
go.
duets. md the farm products wci,t where
They were mort wnntcdt sI.s Sci
a MIXING FACILITIES. \
Thcra is plenty OF capital III refers
j9,nltg II, do alI the business thnt TINS Vis
orotis and entcfprising old city a'.ei1lp MI.
N has not a multiplicity OF banks, but
those II has are strong and have q staila'
III sscond 10 so financial Institutions IN
d iho country. Petersburg has four baiiRsi
,t,ba National Bank, .ho Petersburg say.
i,,p and Insurance Company, the 'teters.
b1rr Banking and Trust Company. ana
the Appomattox Trust COMPANY. Iness
sl,,yo n captal OF something less thai,
siuoo 900. and r, surplus OF about the same
amount which. with the deAsts, give
annie Facilities for the business OF tha
rjiy rho Petersburg banks stnnd as hsn
~. higher than any IN the state, UNI UNI
,yben n rush OF business requires more
money than they have In their lockers k',
these banks have no trouble ", I l,,.,a
counting their paper In Richnnod Bal i.
mars and III New York. In lS9S' when the
tountry suffered with n temporary pane,
nj the banks III virginia, outside Oh
Petersburg, either suspended or cur.ual eo
payments Most of them adopted u lei yen.
poIary makcshift and paid out TO de-
positors bank script, which actea te .,
Inc
OUTPUT to IL certain amount per day. WINE
others suspended payment altogether
PETERSBURG PAID CASH.
IN Petersburg, however, not a. cheek
Was turned down They paid currency
for every check OF every depostor. anu
not only that, when the Richmond panKs
decided to allow each deposltor only you
wortl, Of checking privilege per day the
petersburg banks came to the rescue ana
helped a large number of Richmond
manufacturers with the necessary cur
rency to meet their pay-roll.a
rho four banks III Petersburg do an I'M
1iense business. have the confidence NOT
only OF Petersburg, but OF all financial
centers and theiy cleurances amount to
$1,000 per day. This OF itself tells in a
nutshell the business of4Pctersburg.
III TaUNIS- MAKING
i When Petersburg WIS looking out LOT
come manufacturing enterprises 70 take
the place 1.-THE lost commission business,
referred to above one OF her Wlde-a wake
citizens conceived the idea that the trunk
y manufacturing business was n good thing
and he commenced making trunks and
i yalses and handbags and Erip-sacks. ile
7 commenced in a small way and pulled
q IN by degrees. That was something over
fifteen years ago, and to-day Petersburg
IS the largest trunk manufacturing city
III tho world The Simon Seward Trunk
est trunk manufacturing "a establishment
IN the world, and the second largest Is III
tl,is same good old town OF Petersburg,
= and known as the Virginia Trunk and
BAG Company. There is O third estab-
lishment OF like character tho Peters
burg Trunk and Bag Company which,
4 while not as large as tho two above
named, does n tSrge ana q, 5proIl.apie nusl-
ness. These concerns sell trunks, valises,
rrip.sacks and handbags In every State
Il in the Union, and In foreign lands IS far
X as Australia The Simon Seward Com
.5pany has tremendous trade lin South
America and in Cuba. They are also
selling goods and cnlarging their trade
In Australia and South Africn: MI thA-e
Germany. France Italy, England and
spai11. They expect at an carly date to
Invade the Oriental lands and establish an
agency in Japan. The time Is, therefore.
not far distant when Petersburg VIII be
supplying trunks and grip-sacks to all
& pEANJJTs AND PEANUT FACTORIES.
fpeonle have been eating peanuts in this
country ever since John Smith and Poca-
hontas were alleged to have made his
& tory in the woods somewhere between
A Jamestown and Petersburg. But tho pea
nut Industry, as now carried on, is some
t,yhnt modern. Petersburg Is tho peanut
OF BfSOTlu, dllu liis
pf peanuts cultivated in the territory ad-
<< iacent to the Cockade City constitutes q
large part of that once lost and regain
ed commission business There are six
factories in Petersburg. which buy from
the commission merchants and rehandle
& pretty much all the peanuts In eight or
ten Virginia counties and four or tive
North Carolina counties. In three or
four of these counties contiguous to Pc
tersburg the main crop Of Spanish pea
nuts raised In this country Is produced
All OF these together with, the native
peanut arc marketable in Petersburg
and bought by these six factories These
factories sell peanuts in twenty-five
States from Maine to California. and from
Michigan to Texas. They do a business
annually Of one and one-half million
dollars and employ a small army of men.
women and children. in rehandling,
cleaning and polishing peanuts.
COTTON FACTORIES. rs
rhe three cotton factories in active
operation in Petersburg consume pretty
much all the cotton produced in several
Virginia and .Ncrth Carolina counties.
THE raw cotton whjclr'comes to the COM
mission merchant supplies these mills
3 which manufacture osnaburgs, sheetings.
duck and yarn and find immediate sale
for all their products. The capital en-
ployed In these mills is ABOUT lSip'uoo
They employ about 500 hands. operating
5000 spindes and about 6ooloons. They
manufacture annually about 100000
yards Of cloth and 100000 pounds of yarns
md sewing thread. They consume 10000
bales of new cotton yearly and the value
OF their annual output is close to $1,000
900.
TOBACCO MANUFACTURING.
From time immomorial, Petersburg has
been a tobacco market and a tobacco
manufacturing center. In these modern
days great combination of capital have
consolidated the tobacco business and
some towns in Virginia and North Car
DINA that were once prosperous under
the influence of the tobacco industry
lave been shut out by these great con-
Germs. Not so with Petersburg; It's to-