The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-11-17
and the Home Savings Bank

and the Home Savings Bank.
The combined capital and surplus is
largely over million dollars, the az
gregated deposits $3.500,000. and the
total assets are s4.70o,000. Nearly oil
of these banks live in their own build
ings, and magnificent structures they
are equipped with all the modern i'm
head of these financial Institutions are
some OF the ablest and most discreet
flnancicrs In the country.
Loan aud Insurance Companies.
The building and loan associations,
upbuildinE of the CITY, are the Gate
City, the Greensboro and the Home, and
another one which is conducted entirely
by colorcd people. The.authorized cap
itai of the building and loan associa-
tons amounts to S3,6Oo0OO and there
has been paid in about $4,000.
The life insurance companies whose
homes are in Greensboro are the Sc
curity Lifeynnd Annuity Company, the
and the Southern Life and Trust Com
pany. The combined capital stock of
these companies is s546.O00; premiums
received. 100000; total assets, $780,
900; business now In force, s2o.00o,0oo.
They are all old-line companies, carry
ing full reserves OF 100000 each with
tho State Insurance Commission, as the
law directs.
Fire Companies.
The fire insurance companies whose
homes are In Greensboro are tile Dixie.
the North State, the underwriters Of
Greensboro, the South Stock Mutual.
the Home of Greensboro, and the
Southern Underwriters. The combined
capital stoc1 OF these fire companies
is s1,152.000, the surplus 100000, and
the total assets amount to $3,000.000.
All OF these companies do business In
various parts of the country, and tho
Dixie, which does q large business In
the New England States is said to be
the largest fire insurance company In
the South, and is doing more business
IN the North than any other Southern
company.
The Great Cotton Industry.
The cotton interest of Greensboro, IN
Its various departments. Is something
almost beyond computation. The follow
Ing mills are in active operation all
the year round: The White Oak Cotton
Mills, the Proximity Manufacturing
Company, the Revolution Cotton Mills,
the Pomona Cotton Mills and theVan-
devepter Carpet Mills. The aggregate
production OF these mills Is over
ss,ooo,ooo and they give employment
to A.50O operatives.
Tho White Oak Mills are largest
manufacturers of denim In the world,
producing annually more denim than
l.all the other denim mills In tho South
lcomhined, and more than one-fourth
| of the product or all tho mills of this
character In the world. the average
lten-hour days production being los
miles in length. These Greensboro
mills produce everything that is made
| OF cotton, from the cotton yarn up to
! tho highest grades OF ginghnms and
checked goods, and millions OF yards
of white cotton cloth ana sheetinEs.
Blankets are also manufactured here
| In great quantities, in fact. everything,
into which cotton goes as a whole or
a part.
Ilnnllcrs of Raw Material.
There are nine cotton merchants hero
engaged .in the purchase and sale OF
\ the rnw material. four new concerns
Having put out their shingles few
months ago. All are doing an Immense
business, and for the fiscal cotton year
ending the 3lst Of last May they sold
Ito this factories within this Immediate
cotton manufacturing belt $4,000, 900
worth Of the teecy substance. 1t la
estimated that their business for the
present fiscal Year will foot up slS,-
100000 I'd s20.O00,00O, This cotton
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