The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1908-02-09
BANK OF WAVERLY
AND ITS RECORD.
The Metropolis Of Sussex
County Has Stirring
Industries
MANY NEWCOMERS
AROUND WAVERLY
Wonderful Careerof Bank, Which
Has Just Completed Its Seventh
Birthday-Earned Surplus
and Interest Reserve
Largely Exceeds
It's Capital.
ny FRANK 3. woopsoN.

Especial FROM d stan Corespondent.J q
WAVERLY, VA. February 7-Sus-
sex county of which waverly has be-
come the metropolis, has caught very
large proportion of the inflowing tide
of immigration, perhaps q larger pro-
portion than any other county OF Its
size in the State. That is because OF
the good land and the variety of
money making crops that are to be
made from It's soil and the charming
climate of this part OF Virginia. All Of
this is especially true of the section
right around waverly, and OF the COM
ers from the frigid Northwest. who
have made this county their home
within the past four or five years. the +
larger part of them have settled near
Waverly. More are coming, and corre-
spondence and other records In the
Company and other Offices here
sumner and and fall all viii sHiHlA See more
thrifty Western farmers settling In
wheat oats. grasses and tobacco than
In any previous year.
Why They Are Coming.
Within the past three or four years
not less than five hundred people. In
GLIDING men. women and children, have
settled on farms right around the town.
They are young farmers from the
West. with small families. and this
means about ioo good. thrifty new
farmers are making the lands in a circle {.
of five or six miles around Waverly bios
som as flower garden. and all of
them are doing we'll and making
money. Convenience to the markets
of Norfolk, Portsmouth and Suffolk.
on the one side, and Petersburg and
Richmond on the other. makes the
raising OF the usual products of the
fertile lands, together with straw
blaclxberries and fowls very profit
able. and money makers pretty much
all the year around.
Many Industries, AMI More Coming.
WaverIy, as a matter of course, reaps
a rich harvest from this condition of
affairs, and it has become one of the
busy hustling trade centres OF the
State. The volume of business done
here is as great as that of many much
larger towns. for 1t Is supported by a
large scope of very rich back country.
Astounding in all the products OF the
soil enumerated above and vast forests
of magnificent timber.
The abundance of raw material and
the favorah bile location OF Waverly have
attracted here some splendid money
dispensing Industries, and the town is
growing rapidly. That other indus
tries will he coming along In the near
future there can be no doubt for the
tendency of the times is for the manu-
fncturer to look for manufacturing
sites where the raw material Is plen-
tiful and near at hand. and where
transportation facilities are such as to
insure rapid movement of freights at
competitive rates.
Splendid Facilities.
Waverly possesses these advantages.
II is located high and dry on the water
shed between the James and Nottoway
Rivers at the junction OF the Atlantic
and Danville division of the Southern
Railway system with the main line OF
the Norfolk and Western Railway. Ten
passenger trains pass the town daily,
and the nearness to deep water makes 8
the matter of cheap freight rates in
an eminent degree to Waverly's adj
vantage.
In addition to the large and Well
equipped mercantile establishments,
which do an immense business annual
ly, the town boasts of a large peanut
factory, two immense lumber plants,
with all the sawmllls and finishing de-
partments complete five stave mills.
two Of which are in the town and
three just outside, but TO all intents
and purposes Waverly industries.
Advantages of Publicity.
The three last mentioned have been es-
tablished and put in operation here
since last spring. They We're built and
are operated by outside capital, and It
| is but Just to say that they We're at
tracted to this place by the publicity
given to Waverly's industrial advan-f
tages through the Industrial Section
of The s-Dispatch.
| wi L., NO q 4 Z
| the manufacture of nail-keg slaves,
and the larger part OF the product of
all three are shipped to the factories
of the American Steel and Wire Com
pany. Thus the new mills bring to
this live town a vast deal of outside
cash. Other actual industries here are
milling, tomato and fruit canning,
brick making. etc.
Within the last few months a block
of splendid brick business houses have
been started and are now nearing COM
pletion.
Every room In the block has already
been rented. Since last spring between
fifteen and twenty residences have been
erected and the most OF them ars
handsome homes. Thus It may DO
seen that Waverly, which now has
close to 1900 population. Is growing
town, and the time Is not far distant
when 1t Will be classed as one OF Nir-
ginia's smaller cities.
THE Bank Of Wayerly.
The town is financially strong. tha
business men having ample capital AMI
credit and 1t being the homo OF ono
OF the strongest State banks In Viz
ginia.
The Bank OF Wayerly was organized
in 1900, end commenced business on
the 14th OF December OF that year. II
started out with a paid-up capital Of
lCnntlnusd IN Second PaEel ~ q