The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1905-10-04
GROWTH OF CITY
MARVEL Or State
continued from First 1'age,) y

tl1e pcopte Of Lyhc1btrg foreseelng tic
ultimate result In tho present policy Of
Capitalization cast about for now SOURCES
81 revenue They discarded their old
oi,crinnce ia the s,lec,ilent weed and en-
rngcd In other fines Of manufacturer,
and the result Is manifest III the large
number Of diversified manufacturing
x plants that are now III successful oper-
alton In tho city.
Increased Banking Facilities.
The item of banking capital, taken ns
an Indication, furnishes Il good cvldenre
OF Lynchburgs remarkable, steady and
substantial growth In the world OF mer-
camille matters a few years ago her
total banking capital was n little above
s6. 900, 900; to day she shows an nggre-
ate Of $11,57S,sls. which is nearly
double In loss than four years.
ra Another remarkable evidence of her
prescnt prosperous condition Is tho fact
f. that there are now under construction
!, In the city OF Lyfchburg over GOO houses
the character OF these structures liz OF
q nature TO make any city Justly proud,
M they consist OF splendid business
buildings and magnificent residences.
Some years ago the statement was
made that Lyrchburg was among the
richest cities OF the, country OF sinniln
rectness OF this statement. n cotnparl-s
= ain was recently made, taking the
world's Almanac and the Bankers AL
b mnnac as basis, and It was found that
With the exception of ono city in New
England and one in the West Lynch
burg was the richest city per capita OF
similar conditions III the Union. Her
vast wealth furnishes the backbone LOT
The magntficent spirit of mercantile en-
terprise that peryndcs every class OF her
4 citizenship Being by natural conditions
and geographical position at the gate
Iyny OF the great South and Southwest,
a ,s hut natural for IT'S merchants to
find an outlet for supplying the wants
OF the great and growing SECTIONS con-
tlguous to her.
twenty eight years ago the fist strict
IL wholesale jobblng house started IN
business at Lynchburg. Prior 70 'hat
time her larger retailers had Decn scno
4 ing representatives. usually members oil
thc firm, 10 the county-seats surround
ing on monthly court days. where orders
we're solicited for small shipments The
number OF these representatives leaving
Lynchburg for one day out OF chci
month did not exceed a dozen. Win the
Il orraniza ton OF the first wholesale mouse
men were started on the road and lew
OF them were kept travelling as much
"a
4 hoard OF Trade was then organized ana
10 first meeting was held In a reel house.
d ,rhis gave an impetus to the wholesale
q husincss and other houses became b!d-
,,ers for trade. Those who had been
iobbers In n small way abandoned the'rr
retail department and put statesmen III
tho field From this start her business
= has Increased until with the beginning
OF 1905 she had nearly 500 statesmen con-
.rT, 49, ,oNroGnnting
class OF hgh-gradc merchandise i Ias
sales for 1904 aggregate over s2oooo'o oo'
and IN to tho present period sho" an
l5ircrhase OF from 25 to 80 1-3 per cent.
nrar The business done for 1904, show.
Inc that her output sor 1905 Will run IN
the neishborhood OF $4,000
rho secret OF Lynchburg's remarKa .t
SUCCESS, as n point OF competlitlo'', I'VE
n tho cohesion OF the component parts
~ her mercantile machinery. Her mon
~ affairs are built on broad lines ano
In overlooking the field OF her operations
lone gees pleasant absence Of petty
Inalousness. and there is everywhere pre-
yaillng the shoulder to shoulder snlrlt
that makes her merchants nang 70
pethcr for the greatest good TO the great
est number. The result Is that Whch
proposition Is presented LOT inc sene'n :.
welfare OF the community. all that ~
,ocessary to make 1t a success IS 70
aemonstrYate that a public benefit VIII
arise.
Admirable Location.
The following data compiled from me
files OF the Lynchburg Board OF IFads,
has been furnished and IS mere insclssu
II IT IN chburg, the geographical and COM
mercIai centre of Virginia, Is situated on
3Iames river. at the intersection OF me
three great trunk lines % Ct II waSI and
ne Chesapeake and Ohio. Rising abrupt
~ from the river the city presents enaad a
picturesque appearance as y asce CO.. 90
terrace fashion away from the water
front, Many years ago Lynchburg was
known as Lynch's Ferry, ana !, around me
boat landing clustered niue ;,,e 70 o,s o.
munitv bearing the name. AS time grew
the railroads one by one laid their routes,
and touching the little settlement en- =,
around the farmer planted tobacco. and
suitable soil produced an abundant
yield. Tho manipulation Of the weed BE- g,
the Ferry, and the name was changed
TO Lynchburg which soon became the
synonym of flno tobacco. More years came
the handwrlting on the wall that mark
ed the fall OF the tobacco, business
throughout this section, and thoy turned
Z their attention to that which would take
lis place The remarkable distributing
facilities OF the, city appealed to them;
the ease with which raw materials couid
be brought to her doors suggested itself
tobacco manufacturing WIS abandoned;
Il ia horers in the stemmerlcs and prizerIes
Of the aforetlme, varied and diversified
ndustres, employing much higher and
introduced and tremendous jobblng
houses made their appearance. until to-
day. Iynchburg is the most important
H OF what 1t makes and what It has to sell
Lynchburg AS a Distributor.
"As a jobbing point I4ynchhurg is the
most important In the South. Every line
OF goods Is represented, and adequately
represented. The up-to -dateness OF her
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