The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-10-30
ACRES OF MACHINERY.
CITYO|FS'||U|FFOLKON
THE NANSEM0ND
CONTINUED From First Page.)

The Banks aud Their Business.
Tho banking business In any town
or city Is q pretty sure index OF what
is going on there. and few figures
and cast-iron facts along this line will
BE- OF interest right here. There are
only two banks In Suffolk, but their
combined capital and reserve funds.
and assets generally, far exceed the
assets OF half dozen to a
dozen banks In some oSutn-
ern towns that are much larger
than Suffolk. The two banks show
footings OF something like $780, 900.
capital and surplus Of about $1,000, 900,
and deposits S32.500.oo0
The Farmers Bank OF Nansemond,
which was established In 1869 with
100000 capital. and has never increas,.
Its. capital stock, stands at the head
Of the list among State banks In the
United States On what is called the
roll OF honor: that Is, 1t carries the
largest surplus fund in proportion to
capital OF any State bank IN the coun-
try. Its last report to the State Corr
poratIon Commission, shows the capital
stock to be $4,000. while the surplus
and undivided profits foot up about
$4,000. The deposits at that time
were near to 32.000.00o. and a reserve
= uuQ 5lOFs ltdSeb anu uucdIneO sulsCOuuI
amounted to 100000 At that time
there was due the bank from other
banks $3s1,000, and there was cash in
the safety vaults amounting to- $1ll.-
600. The total resources OF the BANK
last January amounted to $2,5ss.14s.
and 1t Is more than likely that the re-
port for next January Will show these
figures enlarged to s3.000.0o0. The
same kind OF dgures on the LIST Of
January. 1901. put the total resources
at sl.1ei.2os These figures show that
the growth has been going some in
ten years. The bank owns its magnifi.
00o. and Is one OF the best equipped
buildings OF It's kind in Virginia.
The National Bank.
Tho National Bank OF Suffolk is a
younger institution, but one OF the
most successful and prosperous In. the
State. The capital stock is $40. 600.
and. although 1t is young 1t has q
surplus Of $4,000 and undivided profits
amounting to $4,000 1t has In cir
culat!on. for which bonds are deposited
with the United States government.
$4,000 The deposits are s375.ooo The
loans. United States bonds. amounts
due from other banks. cash In hand
and other assets make the total re-
sources foot up very nearly 100000.
This bank Is under the supervision OF
the United States government. and Is
one OF the recognized repositories OF
Uncle Sam. The officers are James l.
McLamore. president; r A. Pretlow.
vtce-presfdent: A.. Woolford. cashier:
c. E. HarErave. assistant cashier.
Suffolk has ample banking facilities,
as the above figures abundantly show.
transportation Facilities.
/ do not know that Sun DIX either as
a town or a city. ever mad any special
effort to attract the railroads here. It
did not need to. for. as already stated.
the natural location was sufficient
inducement, and the railroads came dry
so. Be that as 1t may, the fact is that
Suffolk has six railway lines. to-wit:
the Southern, the Seaboard Air Line,
the Atlantic Coast Line. the Norfolk
and Western. the virginian and the
large freight and passenger depotsy
here. and all vie. each with the other.
for the business. Then. the Nansemond
River. which empties into the James
lust where. that majestic stream runs
into Hampton Roads and the Chess
apeake Bay. that Is to say. the At
lantic Oceans. affords Suffolk an all
the year round guarantee OF fourteen
feet5o wa ter, and that will tloata the,
big ships and steamboats, that ply the
Atlantic. Any ship that can float in
fourteen feet OF water can pull UP
beside the Suffolk docks, and hundreds
of them do that thing every year The
Old Dominion Steamship Company runs
a regular line OF steamers here.
A Distributing Point.
Thus 1t comes about that Suffolk
has transportation facilities equal 3to.sifa
not superior to. tn lose Of any city IN
the State and not Inferior to those OF
any city or town In the whole coun-E
try. AS a matter OF fact, Suffolk has
the freight rates on both incoming
best distributing point In Virginia. Il
not In the entire South. And this i.
perhaps the secret OF the big growth OF
the wholesaling and fjob bingl and manu-
3facturing business that has sprung up
here within the last d ecade.
Sevent een wholesaling houses Is not
a bad record fora new city, and that
Is what Suffolk has. These houses dis
tribute groceries, drugs. hardware mi j
supplies hay. grain. fuel and many
other things. 1t has been demon-
the dealers In the other lines named.
demonstrated by their success, that
this is a hne distributing point, It
stands to reason that shoes, dry Gods,
hats and sall o her kindss3off
goods can be handled from here Just
as proftably, and the time sis n OF far
distant when they will be. Suffolk has
q. large part OF Virginia and largdrS
part Of North Carolina for q iohbing8
territory, and in this immense terri
.torysthe railway lines run and put Sui
9olk In quicker and CHEAP per- comWlnt-
cation with them than any other job
bling town emf oys. There is o fine open-.
Ing here I, for a. VIII lesal e8 Try goods
house and a who esale shoe house.
sRlxkeat Peanut Mark al. Il In I the World,
~ TIE thing that sut X o. X 4 in the tabi.t$
of boastinE a little about is the fact
that 1t Ii the biggest peanut mar et5
In A the worl d. Of course, this is 9
good thing to talk q b out but as q mat
ter OF $fact.sit could no livery wei helm
being that. for Is ss I. locat ted in he
Greatest peanut CROWNS Ton In
the world, and. y as. hef fore sci It'll. the
iTansp ortation, facil ties 4 here are nat
iIral II attrac tive, and Ell was " q m ore
than that the PIG pea