The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-01-28
Richmond a Great Financial Centre

Richmond, regarded as the gateway between tho
North and South and to 4 large extent between tho
West and Middle Atlantic seaboard. has forged
ahead % few cities Of it, class have done within
the past decade In practically every line OF bus
iness Il has made almost phenomenal progress ana
stif greater progress assured for the future
Natural and acquired advantage give 70 Richmond
foremost position. not only within the State. OF
which Il Is the capital and chief city IS well as
trade and manufacturing center. but also In tne
territory lying beyond It to the South
Six railway systems bring It into close touch with
the country to the North South and West and with
In its borders nearly 10000 people, Vpcai OF
the lest energy Of the new South,
Financial institutions OF Richmond whose opera
ton is sure reflex Of other business transactions
have increased to such an extent within the last
ten years Us to afford ample confirmation of Rich
mond's growth and progress. For instance, tho
bank clearances In 1900 totaled $16bsel .os, COM
pared With ESTABLISHES fos 1910
The following figures for deposits and assets are
also Of interest.
Deposits g $4,000 5 s7s2.ooo $41,2s4.ooo
Assets ...s13.5s7.oo0 $1S.sss.ooo s57.6oS.oeo
Deposits in the Richmond banks are more than
one-fourth of the deposits In all the banks OF the
state. Bank loans in Richmond for the past year
aggregated s3s.4s5,s15 against $is.ssl,o 900 for
the corresponding year decade ago.
Capital and surplus.
The banking capital and surplus OF Richmond 10
now placed at sii.sf7.s5o. Ten years ago. It
was 35Tss,ao7. the increase during this period
being more than 100 per cent.
Ten years ago Richmond had i.245 manufacture
ing plants and industries. In 1908. the number
had increased to l.71s din 1909 it was 1853.
To-day tho number is placed ut f,Tse.
CAPITAL invested in Richmond's manufacturing
plants decade ago was si7.ss2.ss2. compared with
s35.o73.sio Ut the present date. Value OF manu-
featured products at the close OF 1900 was placed
at $4I.3S6.923. AT the close Of 1910 1t was esti-
mated at $so,2st,4os, or increase OF ios per
cent
Sales In the jobbing trade during 1909 aggre-
gated $35,377,2ss against S7i,4so,5ls for 1919.
Capital In the jobbing business ten years ago was
S. iSo, 500 To-day It Is placed 1t sis,225.2sT.
In population Richmond has made an especially
fine showing during the past decade. Uncle Sans
census In 1910 placed the number OF souls in
Richmond at 1859, not including 2S.00o adj
jacenf to the corporate limits. In 1900 the popu-
lation was placed ut only s.oso In 1880 the city
had $4,000 population. according TO the federal
census
Another very striking indication of the city's
growth Ii the Increase in building operations for
1910 over the corresponding year years ASO.
In 1910, these operations totaled $4,0I2.S22 COM
pared with 3s5s.s47 for 1900 or an Increase Of
301 per cent aI
Realty Valuations Increase.
stli other evidence Of Richmond's progress is
found In the assessed valuation Of its realty. At
the close Of 1900. realty property in Richmond
was valued at 36s.72o,s4s. Al the close OF 1910.
the valuation Jumped to 3137.61s.42s. or In
crease OF zoe per cent. Tho present valuation ON
real estate not including that exempt from taxation
Il plaoed It $1o77s7433. while the personal prop
erty Il valued at SIS. $50. SIS. making total OF
s1S3.s1s.ool in property that Is taxable by tho
city OF Richmond
The tax rate for all purposes. based upon Is
per cent Of the market value Of real estate. tax
rate 10 $40 for tho city and IS cents for the State
on each 500 OF values.