The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-10-09
Ricllnond's Prosperity.

. D. e 4 .. v ,
The banks Of city arc the baromcters
OF It's trade for 1t is through them that
nearly all financial transactions arc
4. rindc. The banks of Richmond have been
doing a steadily increasing business for
the past several years, and their business
IN all departments is larger to-day than
v. ever before This means that Richmond
business in general IL steadily increasing
and is larger to-day. than ever before.
$}R We publish to-day statement from
MIR. VIM NJ. Tinbiiston, president of the
z National Bank OF Virginia in which most.
gratifying exhibits are made. On De-
Gambler 10, 1890, total deposits were S.
74o,a)2; July II, 1895, $ll,iS5,T74: August
/, 25, 1905, s2S,3059lG. Between December 10,
\ 1890 and July II, 1913, a period OF seven
&S years and seven months, deposits in
4 creased sa6S5,a72 loans and discounts in
creased s2.5os.lS6; total assets increased
! s4,7G3.6lo,
Between July II, 1906 and August %,
4 lf05.sa little over seven years, deposits
I. ll.CTeaSed Slosto,la-, ioa!iS anu a!"So"ii''
increased sli.65G, 42S; total assets increased
Z s21s50,35
This is all the. moro gratifying when
ut is further shown that there has been
rotable gain during the past year. From
June 9, 1854 TO August %, 1905. deposits
Increased Ssoel,7o5; loans and discounts
Increased S3oi5,S5i; total assets increased
4 s3,l566So, The United States Government
was compelled TO reduce It's deposits in
5Hthe meantime from sl,247,47a to $4,000,
making the exhibit 50 much the better for
! Richmond. Another Item that Is cspe-
c.ally gratifying is the increase in The
deposits here of country and other banks.
3 In 1895 these amounted to sl,44o,a25; in
1896 1885,, 1885, an increase Of s5,l5o47.
But the best of NIL Is the wondrous In
crease in the account of individual de-
rosits. In 1898 they aggregated Sa99o,44o;
in 1905 s2l ,20.255. an increase Of s9l,e9O,-
255, an increase of considerably more
than 100 per cent. in seven years!
Nothing could more cloquentiy proclaim
itn shows moreover that they are fast
acquiring the Yankee vlrture of thrift.
One Of the, most remarkable COMPARE
sons which. MIR. IaBliston makes is that
between the banking interests Of Rich
mond city and those OF the State of
South Carolina. that State has greatly
Trospered of late years, and from 1885
to 1905 deposits In all tho banks Of the
State increased more than a hundred
per cent. Yet for all that, the total de-
posi,s in all the banks of the State are
not quite so large as those of the banks
Of Richmond. The exact figures are:
Slate OF South Carolina. s23,lSS,9 $40
I City of Richmond ..,........,...... $500 ,956
No inyidious comparison Is meant but
Richmond Is naturally proud to proclaim
that her bank deposits are as large as
those Of a, great and prosperous State
like South Carolina. 1,
5 Mr. Habliston tells us also that .as late
as 1898. Richmond banks did not have
funds sufficient for the business needs of
this community, but that Is all changed,
Richmond Is a financial centre, a large
factor With the Southern merchant and
manufacturers, and lends considerable
sums of money TO promote material de-
q yeiopment in the Southern States.
We rejoice in the prosperity OF the
South and rejoice again that Richmond
capital Is employed in promoting 1t.
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