The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-12-29
PROGRESSIVE PETERSBURG
Record for 1907 Was by Far the Beat
the Cockndc City Has Yet Achieved.
Especial to The Times Dispatch-l

!
Especial to The Times Dispatch.l
PETERSBURG, VA. December U.s.
The opening Of new bank, the Peo-
pies Savings Bank, in this city IN the
midst Of the financial difficulties pre-
vailing throughout the country and the
recent announcements by all the large
local manufactures that work Will be
resumed Immediately after the usual
Christmas holiday season. are two hap
PLY significant comments on PETERS
burg's financial and commercial record
for 1907, and her prospects for the COM
ing year, which Is awaited by her
business men with the ready energy
and well-founded confidence that per-
vaded the speeches at the recent an
nual banquet of the Chamber of Com
MERGE By the leaders of local financial,
commercial and Industrial affairs. The
growth and activity of practically every
branch of business In the city Which
have marked her share in the great
national prosperity Of recent years, has
been more than maintained in 1907.
notably among the many manufactur-s
ing industries. the largest of which
(and Of its kind in the world) the Sew
ard Trunk and Bag Company, with a
daily output of 2.O25 trunks and 1900
bags, is right now adding improve
ments to its great plant on High Street.
l
| ing the past year to this great branch
/! OF Petersburg industries by the estab-
lishment and Incorporation Of fifth
| trunk and bag company, the Appomta-
tox, organized by some leading young
business men, and chartered with a
maximum capital of $4,000. new
branch of business has Just been start
ed by the establishment Of the Friend
Shoe Manufacturing Company, backed
| by one of the wealthiest capitalists In
Virginia, and chartered in October with
q maximum capital Of $4,000 This
mandatory and the great wholesale
shoe business Of the Augustus Wright
Company, are regarded as indications
of the development Of revivaliin the
Industrial world OF the immense trunk
and bag business of the city. Still
another notable manufacturing plant
recently started. is the w. e. billiard
/ Manufacturing Company, makers of
j sawhandleS spokes, rims and like ms
struments, a business now. largely reps
resented here. Among other imports
ant new business organizations incor-
| porated during the past year are the
\ Petersburg Investment Corporation. the
North Cake Manufacturing Company,
Harrison Construction Company. wills
liam Budd Furniture Company, Man
son-Gnl Company. wholesale grocers
and confectioners; Charles A, Bass
| Cigar Compa any, Name and Address
Novelty Corporation. Peerless Medi-
cine Company. Brandon Book Company.
4 Old Dominion Hat Works. Adjustable
4 Coupon Corporation. Wood-Westbook
Company, dealers In dry goods; Peters
burg Home Building Corporation, tile
Adjustment Bureau. Inc, for adjust
Il ing and appraising insurance losses;
Peoples Savings Bank, Sanitary Fam
4 lily Laundry and Watson Realty Conn
pany. which last has lust been started.
4 land represents some OF the largest real
4 estate interests In the city. No review
I of business conditions here could omit
special mention of the notable increase
in values of real estate. and the con-
stantly increasing demand for resi-
dences, which Is now producing, not a
fiimsy building boom, but the most at,
tractive suburban development that the
, city has ever seen, and the best public
,, improvements that her sound finances
can supply.
, A striking combination of the two
,, Interests is the recent agreement by
the city government to sewer and pave
!, the suburban extensions OF Jefferson
: and Fillmore Streets. With the proyass
! that the Petersburg Home Building
!. Corporation, owning the abutting prop.
4 / erty formerly known as the Old 40.
: minion field. shall build not less thar
s seven residences, costing AZ least s2,,
500. This work will develop one al