The comet. (Johnson City, Tenn.) 1884-1916, 1908-12-24
A BRIEF REVIEW
OF THE THINGS
ACCOMPLISHED IN 1903.
Banks of Flourishing Johnson City
Stood Firm and Unwavering
During the Panic of 1907.

Nearly every person within her bor-
ders knows what has been done in
johnson City during the year now
closing, but as a matter of record a
brief bit of history for our posterity we
will give a short and concise resume,
the better enabling us to grasp fully its
relation to her future and an apprecia-
tion of her present day accomplish
ments.
AS we look backward over the year
1908, beginning with its dawn, many
of us we're hopeful and determined;
some pessimistic and doubling, while
few were indifferent.
We we're all anxiously looking on
the great checker-board of time, and
patiently waiting for each and every
move, wondering what would be the
final outcome.
The financial panic had us--like all
other cities and localities-up in the
air, so to speak, for no man could fore
tell the end, but unlike many other
places, we had prospects and assurances
that kept up our spirits and made us
hopeful, and as to how well we have
Jared let us here record.
When the panic of October, 1907,
came on, seriously crippling the bust
ness of the whole country, cutting of
credits, stopping loans, and tying ur
banking facilities, and the issuing OF
certificates of credit clearing certiti.
cates) our own banks stood firm and
unwavering. No checks were refused
payment, big or little, and no clearing
house pool was formed, thus assuring
us of the soundness of our banks anC
financial institutions. During thi'
time there were no serious failures tC
speak of. What other town can show
a like record?
There was no cessation in the work
of building the new railroad, and prac
tically complete force was maintain
ed and the work kept actively goin&
ahead, At one time the officials of thu
road did experience some trouble in ob
tanning money necessary for extensions
but only for a short while, for it al
happened during the winter and earl!
spring, when but little work in grad
ing and building could be done, hene'
the difference was hardly noticeable.
Many public enterprises and build
ings were contemplated and contracte'
for, while private buildings were beini
erected in every part of the city.
Street paving and sewer building
were planned, and while our bonds
on account of the panic-could not b
sold in the open market, yet our owl
banks came to our assistance and ad
vanced the money and the work wa
begun and finished, and today we ar
enjoying well paved streets in our bus
mess section, and the main or trun
sewer is just now completed The e>
penditure of these large sums necessar
to do this work gave much employ
ment to labor and business RENAME
good with our merchants throughol
the entire year,
Within this year we have witnesse
the building and completion of tw
new and handsome churches---tl
First M. Il. Church, corner Main an
Roam streets, costing about $4,000
and the Munsey Memorial M.
Church, South, corner of Market an
Roam streets, costing about $4,000
the funds being donated by the men
bers Of each and other good citizens
the city. The year previous witnesst
the building of the handsome ne
Christian church on East Main, al
the beautiful st. Johns Episcop
(Rock)Schurch on the corner of Ros
and Fairview. The Christian churC
costing about $25, 600 and the Episcop
costing about $4,000, making graz
total of 100000. What other lit
city has done so much as ours
church building in so short time?
During the year many store hous
have been built, including two stor
by Hon. Robert Burrow; the beautif
King building ON the corner of Ma
and Roam; the fine building just col
pleted by Williams and Martin on t
north side of Main; the Crumley bull