The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-07-19

aggregatng s25.2oo,o0o. In 1905
the aggregate Of sales was given
at sel's24l,to 1929 m magnf'cent in
wholesale trade which, IN 1887. was
$4,000.
"As a distributing centre, the
business of Richmond has been
tho statistics SHOW Ro tn That te' our m nu
chants and manufacturers are now
doing. business to some extent with
practically every portion Of the
habitable globe---from the Klondike
to. the e, Cape Of Good Hope. and
1t will naturally interest you to
.know3how the banking capital OF
the city has increased to meet this
tremendous DEVELOPMENT of bust
ness. The records tell us that tho
less than $4,000, 900, against a capt
Of os11,ooG,o6o. an increase Of $1,000
600, or rs per cent. The clearings
were reported at sss.ses, 900. For
the year ending July !, 1897, the
clearings had Increased to $1l5,-
$4,000, and the next ten years
show the marvellous growth to
SntAtocptVVV,e XII 1lCIedScG OIL 4 p u ,OOJ,
o0o for the first ten years over
1887, and Of s27s, 1851, 900, or ia per
cent, for the twenty-year period.
IT Is noteworthy that the de-
posts In the Richmond banks In
tai m9Fe ,5sa da6 tae
reported AT fsS,750,O At the pres
ent time these deposits aggregate
sal, 100000. an iincreas Of 25S per
cent IN seventeen years.
AS AN ind ex3 tofs tho tcity's'a bust
ness growth the great expansion
which has taken place in tho busi-
ness Of the post-oftice isinstructive.
Post.office receipts for the twelve
months ending March 81, 1887,
We're reported at s116,S72: for
the ewelve months ending July
l. 1897. these had increased to
s214,432, aid for the twelve
months ending July /, 1907,
the amount is s515,696, a magnifi-
cent increase of s39S,S24, or 341
per cent, over 1887.
Ahead OF Population.
"All ofathese figures clearly show
that the business Of the city IS in
creasing far ahead GIFTS popula-.
ton: Post office receipts per 1000
s1,5l0;.in 1907 these had increased
to $4.62O. The sum total Of bank
clear1ngs per unit of population in
s1S87tis given at $497. BY 1907
these had increased to $2.795ttper
man, Womnn nrld child The value
of manufactured products in Rich
mond In 1887 was given at S362,
whereas tile wealth thus created
by manufactures H. Richmond in
1907 had risen to. t$7o2 per inhabi-=
tant Of the city. st6 M ,fB,s Il: S
propert 1ss7 rs the aa Spo 3sTab1e
Richmond. was reported at $48,-S
$4,000. For 1907 the figures are
$134,7070o0. an increase Of sS6.372,-z
900. or 17S per cent, ntwenty
years. The assessed taxable wealth
per unit Of population increa sing
"our educational Statistics SHOW
ton Of "a 900. That Richmond IS "a
religious city is indicated by her
ninety SIX temples, OF. worship.
l ot ba anq ba small scattered 'thEoaE
hospitals provide for tho sick.
Richmond has three colleges and
two medical colleges; also, two coll
4 leges for negroes.
These are the results OF the
past. The commercial future Of the
city Is decidedly more bright and
1887. since which time these mar
Vicious results have been accom-
plished. SIX trunk lines Of rail-
roads radiating hence place us In
the country for the exchange Of
our products. the assembling Of our
material for manufactures, and the
& distribution OF orr merchandise,
while steamers at our wharves give
us q guarantee against any con.bi-
"a In, ~. rA,.
ton lines. It was Patrick Henry
himself who declared more than
enc hundred and thirty years ago.
I'll II know OF no way to judge the fu-
ture but by the past" We trusted
Henry then. and l am sure that we
to the present and look forward to
E continued growth, development.
prosperity. opulence and power in
the years that are before US.
with our growing wealth there
will be increasing need, that we
should the more closely cherish the
highest Ideals and the manly quail
ties which have governed us in the
past and that With peace and
plenty there should be no relaxation
OF principle, no departure from the
paths marked out by our forefath-
ers. Let us remember the words OF
z famous writer. who, in remind
Ing us that times of long peace and
times OF growing prosperity are
times OF serious peril, SO beautl-
fully said that. about the river OF
human life there Is a wintry wind
but a heavenly sunshine, the iris
colors Its agitation. the frost fixes
on its repos e.'
The Past and the Future.
MANY cannon have stormed a,
grappled at her gates, she has fell
the flames Of two wars almost {
century apart, and changes which
We're beyond her power to proven
or direct have brought her SmanS
lvicissitudes, sometimes Astounding
prosperity, sometimes deceptiy,
and disastrous gains, sometimes de
preston and stagnatiom Her mart
from their first scattered am
feeble beginnings have been some
grass covered, sometimes crowded
with busy trade. She has endure,
disappointment and known tri
umphs, Through all. she has main
tanned her character and has KEEP
her course UPWARD in material de
velopment, in making herself z
better, stronger and more lisefu
community. She has held her oil
reputation for honesty and kind
ness and Enerous hospitality.
"HerEp public sentiment has bee
always for virtue and Justice, an
no call upon her patriotism, he
devotion or her benevolence ha
gone by unanswered, Thriftil
and steadily she has increased he
store of dollars. She has rejecte
n the fiashy. and the loud and WI
gar and gone on her own quiet bu
resistlass way. adhering to SCUM
Y IN ~ lar tttnor lS- e nx.h