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

go
would not like to make an estimate in
this moral communication.
There are employed in the Office
twelve clerks and letter carriers.
There are three daily general free de-
nveries and four in the business sec
ton Of the town.
Three Prosperous Banks.
If the bank footings OF a town are
an index to It's prosperity, thep Suf-
folk is certainly a most prosperous
one. 1t is fact that it enjoys ma
tional fame In that it has a bank that
heads the list OF the roll OF Honor
Of the State banks of the United
States, inaugurated by The Finan-
cier," of New York. some years ago.
This wonderful bank is the Farmers
Bank of Nansemond, which has a. capt.
tai Of only $4,000 and a surplus and
profit account, which reaches the sum
of s54SO42.l
The last published statement Of this
bank was as follows:
RESOURCES.
Loans .......s .......... s157S.i1s II
Bonds and stocks. $4,000 90
Banking house .......... 10000 90
Due from banks. ......... 36b,509 90
Cash in vault ........... $500 20
s2,loS.S24 ST
LIABILITIES.
Capital .......- ......... su,VpV w
Surplus ...... ........ 100000 90
Undivided profits ........ 44s,042 50
DepOSllS ......... &4'i,oS1 90
Due to banks ............ 24,2o3 Al
Reserved for interest on
savings deposits .....,. 14,o56 so
s2,10S.S24 81
The officers of this the biggest bank
to its size In the country are Edward
E. Holland president: G. W. Truitt,
vice president, and William II. Jones,
Jr., cashier
The Bank of Suffolk is another
strong financial institution. The CAPT
| tai stock is s127,0o0; undivided profits,
1900; deposits. s3O4.977: loans and
discounts, s45s.ooo
/ The Merchants and Truckers Bank
| is the newest of the three, and is In
a prosperous condition, having within
| the few years of it's young life estab-
ilished reputation among the bust
ness men. and the farmers of this sec,
tion. that OF itself a valuable asset.
In Mercantile Lines.
i The Interstate Fire Insurance Com.
/ pany is an institution of which Suf-
folk is proud. It has at its head some
4 of the ables business men of this
strictly business community. The ,eX:
ecutive officers are ]. E. West, presi-
4 dent G. w. Truitt. vice-president: j
I T. Withers, secretary. The last pub.
1 lshed statement Of the company show;
assets amounting to s16s,s95, and .
net surplus of s2s,1Ss. The mercantile
| business Of Stuff DIX may be summed VI
/ briefly.
4 In the wholesale business there are
the following:
w. b. Ferguson & Company, B. l..
4 Saunders & Company, Nansemond
1 Grocery Company, Inc. wholesale
grocers; W. S. Gross & Company
fruit and produce; Holland & Beamon
4 Company, shoop-Withers Company
tVirginln-C Carolina Distributing Com.
pany, and Suffolk Feed & Fuel Com.
i pany, feed, fuel, etc. n,
/ The above firms cover Eastern ylr.
i ginia and North Carolina very ag.
i gressively. Their business Is large ant
i growing.
/ The following bottling plants ar,
\ also wholesa!ers: Pepsi-Cola Bottlins
Works. CalyCine Bottl!ng Works
Grown Bottling Works, and Suffoll
q Rottllng Works.
The retail business, which Is SUP
ported by the town and the finest bacl
country to be found anywhere in Wiz
GINA, consists OF fifty-fIve grocer,
stores, five hardware stores, five MILL
merry stores, nine clothing and gent
furnishings establishments, six dry
goods stores. three shoe stores, ST:
drug stores. five furniture stores
twelve liquor shops, four iewelr
stores and two bakeries.
One of tho twelve liquor shops men
toned above may be called a wholesa|
establishment 1t is engaged in tn
J jug trade and with six railroad
: entering the town and penetrating
I so-called prohibition section Of tw
g States there is little wonder that Sui
! folk does an immense "jug" bushes
y Next to peanuts 1t Is possibly tho bes,
n paying business to the amount Of can
y tai Invested that Is done here. Sui
y folk people are not tho patrons ar
q supporters of tho jug business. TT
: patronage comes from the highly mo,
n al folks" who boast that they live
e a dry country.
- Peanuts the Main Stay.
But. taking Suffolk by and large,
= must be said that the little pean,
= Is Its rainstay. It 10 unQuestionab
.. the peanut market OF the world, mo
. OF them being handled here than
e any market In the world. know a
= stepping on Petersburg ana Mo
fo.ks toes when I mako this stat
= nent, but facts are facts, and the re
~ fact is that Suffolk does more busine
M In peanuts than either OF the abo
~ named markets and the figures ~
prove the assertion
s. The peanut industry was eucee,
US iuliy begun In Suffolk in the year Is
M by the Suffolk Peanut Company. whi
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