The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-05-19


good interest on the Same. Thtt fact
Ne duo to the good business MANAGE
nent that ms prevailed, and tho de-
Termination, settled upon In thu be-
ginning, to put out nothing but first
class goods
stnyc-Ninking Great l,usincss.
The Huber Stave Company is an ms
dustry that has had much to do with
The development OF this section OF the
\ country. This Company turns out nail
keg stnvcs, and has a capacity of 3o,-
900 slaves per day. The product or
their mills is shipped to various North
( ern points. The Parsons Burton COM
pnny also conduct stavc factory, and,
like the Huber Company, they conhne1
their attention TO nail key slaves.
Their establishment is equipped also
with the latest machinery for tho busl-
hess. and their capacity is 10000 slaves
per day. These two establishments
are within the town limits, md out in
Sussex County. few miles from town.
there are three other concerns which
are engaged In the manufacture of
slaves. and to all intents and purposes
they too are part OF the industrial
effort of Wavcrly. These establish
mcnts give the half n hundred saw
mills In the surrounding section q
market for some OF their product.
Other Industries.
The Waverly Brick Company, Incor-
porated, is Il now industry Just cstab-
lished here for the manufacture Of
brick for building and paving pur-
poses. The new establishment Is equip
ped with all necessary machinery, and
Ats capacity IS 10000 bricks per day.
Already it employs twenty men, and
has already found Il demand for it's
entire product In Norfolk and Peters
burg.
The Waverly .1illlng Company ton-
fines. its efforts almost entirely to the
manufacture of corn meal and stock
feed. It's reputation for superior meal
has created n demand in Norfolk,
Portsmouth Suffolk and Petersburg,
which calls for every pound 1t can pro-
duce. a movement is now on foot for
an enlargement of the plant to meet
the increased demands.
a buggy and wagon factory, of which
a. II. Maytield Is the proprietor, is an
industry that brings to Wavcrly a large
amount OF money annually. The es-
Establishment manufacturers buggics and
wagons, made of the magnificent lum-
Der SO abundant in Sussex, Surry and
Southampton counties. The factory's
specially is the manufacture of heavy
los wagons, which they sell all over
the TideWater and Eastern Virginia
section.
Greatest Of Them All.
Perhaps the biggest establishment in
Waverly is tho Gray Lumber Company,
whose immense plant, drying house,
ETC.. ETC., cover several acres of ground;
indeed they have two large plants
their total capacity being $4,000 feet
of lumber per day. The plant repre-
sents an investment of $4,000, and is
equipped with all modern machinery
for preparing lumber from the fallen
tree to the dressed material ready to
go into buildings. They employ 200
hands. and their weekly pay roll is
something immense. The Company has
contracts with the Southern Railway
to run their own engines and cars be-
tween here and Claremont, on the
James River from which point they
ship most Of their dressed lumber to
Northern points, loading 1t direct from
the cars to the ships OH James River
While their dressed lumber is rn'pped
to various seaport towns, the bulk Of it
goes to New York. The Grey Lumber
Company maintains in various parts
of Sussex, Surry and Southampton
counties largo saw mills which are
really part and parcel of their immen Sc
plant here. These mills supply the
crude lumber to the finishing cstab-
lishment In Waverly.
The Gray Latimer Company. Incor-
porated, is simply a manufacturing
planning mill. its business being to
dress. tongue and groove lumber ready
for the house builder. This concern
!. employs about 100 hands.
Bank on Roll OF Honor.
The Bank of Waverly is ono of the
most successful, even one Of the most
remarkable country banking institut-
ions in Virginia. 1t was established in
1900. commencing business on Deccln-
Der 14th. Of that year. It started with
paid In capital of $4,000, which has
since been increased to $4,000. From
Its very beginning the Bank has had
wonderful success. and now holds a
very enviable position on what Is
known in banking circles Of the United
States as "the roll OF honor" This roll
of honor is list of the banks whose
surplus and profits exceed their capital
stock. The report of the whole United
States for 1905 shows that 42O State
banks in the United States are on that
roll. IL of which are in Virginia. The
Bank of Wnvcrly is one Of these IL,
and stands fifth on the roll among
Virginia Banks, and 16Sth in the Unit
ed States
Fine Exhibit.
The following statement Of the Bank
of Waverly at the close of business
May 7th, }9o7 will show how it main
tains its position on this roll Of honor:
RESOURCES.
Loans ACKNOWLEDGEMENTS. $200,951 81
Building, furniture s: fixtures 6O90.1 7
Expenses DC. ...,.......... 1S34.45
Cash ana IN banks. ...... S2443.02
s3s1s1o.4s
LIABILITIES.
Capital paid in ........,. $4,000. 90
Surplus and undivided profits, 30.3Oll1
deposits .....'............. 3l3.O32. l2
Interest reserved for certn-
u s3Sl,31o.4s
The officers Of the Bank. who have
been IN office since it's establishment
are. =. Fleetwood, President, j, Il
West. Vice President, Harvey Fleet.
wood, Cashier J. w. West. Asst. Cashier
Splendid High School.