The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-01-03
GREENSBORO IS A
GROWER
Story of Past Year a Rev
citation in Figures Not
to be Given in the
Headlines.

(SDecldl TO News ana oDScINeI.J
Greensboro n. c., Jan. 2.--The Bus
mess Mems Association of Greensboro
held it's New Year meeting tonight to
hear reports from officers as to condi-
tion of association and of the city, as
compared with January list, 1904 The
secretary and treasurers reports
showed the organization in good
shape.
President of the association p. d.
Gold, Jr, in comprehensive report
reviewed the citys progress in the
past year His valuable marshalling
of encouraging events and his big fig
uTes caused great satisfaction and
applause. A unanimous rising vote of
thanks was rendered him and other
officers fer their excellent work during
the year.
President Cold S report showed the
most prosperous yeaI in the city's his
tory. and a remarkable advancement
along all lines of trade population,
educational. religious. manufacturing
and general industrial progress.
Epitomized among other items and
figures of increase were these:
Population, estimated from number
being served direct from postoftjce.
$4,000; postal receipts, 1903. $4,000;
1904, $4,000, increase of over 20 per
cent, while increase of previous year
was only 8 per cent.
Bank Assets.
1903 $2,72S, 153
1904 =. 3,17S,eS1
An increase of Is 1-2 per cent.
Bank Deposits.
1903 >. :. -. 81, 100, S15
1904 2,190,1S9
Increase of % per cent
Insurance progress marked by eX-
istence now of four fire and two life
insurance companies, a gain of two
and increased number of general and
local insurance agencies.
Two new Building and Loan Asso-
Citations.
Business failures during the year
were six. representing a capital of
$4,000 while net increase of business
! houses was folty-four, representing
net increase of investment in stock OF
/ $341,000.
! Lumber business, machine shops.
| furniture factories, show increased
number of plants and nearly double il
amount Of trade over previous year
| In cotton, Revolution Mill mas
doubled it's capacity in buildings and
output; Prosperity Mill has Installed
entire new plant largely increasing
capacity; White oak Mill is nearly
| completed with zD00 looms and TO-
coo spindles; Etqwah a.ill with capital
of one million dollars is being rapidly
built
! Cigar factory made 100000 CT
gars last year amt viii largely in
| crease output this year.
Shoe factory has doubled its capac-
| ity putting in new machinery.
| Cotton commission houses have
| handled over 100,000 bales Of cotton
from Greensboro, and factories here
| have used up over 10000 bales
| Tobacco sales in warehouses show
| large increase, amounting to over
5000 900 pounds thus far this season
Fine new wholesale establishments
! began business. the number of travel
| ing statesmen sent out from Green's
boro reaching 204, against So in 1893
| Building operations show 700 new
| dwellings,. not including 2S5 construct
ed at the cotton mill settlement,
| In office buildings, wholesale
houses hotels, schools, colleges
| churches. hospitals and railroad inn
provements are stated to have been
nearly three millions of dollars for
construction. Large sums have been
spent for city street, sewer fire de-
| partment and water improv0
/ The report concludes with an enum-
GRAFTON of many important enter
prises and investments for 1906.