Virginia gazette. [volume] (Williamsburg, Va.) 1893-192?, 1911-04-27
The Ranks nd the Atll.

The Gazette last week urged the
local banks 70 save the knitting mill
by 6nsncing il. We did not mean
10 criIcise either. but rather our OBJ
Jet vas to point out their great re
sponSblity 70 the public. The
Peninsula Bank took exceptions to
being 7 { ned 10 as not meeungtheir
responsibility. and II the following
shows what il has done;
Enrrok GkErTTH-
In your Issue 20 AMI Soih you have u ell
tc-ssl which enthusiastically. ve have nc
douht. Doe Us lsrEe injustice Referring O.
the hope6 co- rocpeaing 90 the mn your srti-
Gle irrinstes thsf re have fsile1 @ measure
NJ q fhe oVpo-tuuity snt our responsibility in
rlts most important ustter. rs D. not usual
sor banks g. m&Se pUniic their Transactions.
out a. this IS q rasrter % gv1tsl Importance %
even ririzsn o. wuliarusburC. and in order -
co--ect the erro1eous impressions win regard
g. "a which Uigst D. made ~ year article. we
uoule state thar or rocsr1s vil show that
| ne Psntusuis Balk. srter Investigating care
/ cuIly ire ssrety % the proposition aE0eed q
undertake liberal snsre Cf me Necessary C.
uSncinS. provided tne purchase could arrange
I Tor the balaace.
Negotiation a. that tiI1e tAle1 sn1 the
u-os-zcrive purchase returned - New Nork
I ne proposition Involves nos only the reopen
NJ o. tae piaut but q Erest enls-Scment. Raw
4 M 81 annual psy-rol estimated a. about
500 1c re- arrurr or uesr.y s. lQC every week.
we sit uot care o. undertake the entire
4 ararr.nE. ulr 1iL sc feel called upol o. 60
I -. f.-t sr--a-.afl-E tle srea- bere-ts thst
I uroult Accrue % us a. "a bans from tire pres
/ snce % an elte-T---- ul suc1 magnitude aud
/ rafting z1-c the great benefits O. che people
4 ~ tr.s community 81 whom ve feel we owe d
duty L. ths matter. suce % Ii by the.r suVp1-'
.-d uat-lr..Er tta- v7e Rave Er1vu suc Vrc-
rsr-d we determined o. make every er1rt @.
secure the pant -lotu t1s-sudlug the faiIlr
% t-re r--r re.u.il-.r-s- and it SENS COW tla
i oar &c lrrs ~. % slrc---fuL ana that waii
We MI rske care % ihe whole proposition sV
81 carry o-.ly a very resemble portion c- 8
a. --elres sirce cor-.1-srlcls. hanks and lr1l
4 ~riuals here al1 ELSEWHERE are tikllE Llerl
portions cl tls -e--r---es o1-0et.
All ttis we tLlk bar evidence ttat w
Hsve uct t-aen ulEinccul 10 lhe ue-rare 90 th
} gss-le % slr cguauGnl-y. t1e Interests " o.
. sspos1tc-s- mr. the prosperity of Cur l-slilr
uon THE FENTcs LI-A BANK-
By gr1er 20 tie Boari - Directors.
The Bank OF Williamsburg ask
Us to pint the proposition. whio
&c referred 70 as ample" secuut
for loans. TINS proposition cam
from Grozt through the NIL tn
tees. Msssrs. Phillips and SPsrcei
Il represents Grozt as a prospecuE
purchaser. II ne could get the ~
banks 20 take the SIS. 900 fr
Mortgage bonds. Further II rePrr
seats the Peninsula Bank as ready
rzke rEo-Shirds otthe bonds, leayir
. oue-third Tor the Bank OF William
Q 5z-g. The $4,000 was 70 DC s
cured on the plant as K nov stand
( and al after acquired PToPeTt,
: Lhen Il goes On as follows:
- w-G-raf 49, 10 $40 sal- D. r1r--I-rl--'
- O. -rslzu l1 rle al- p---- 1-,s1sl eve and G
zn1 M l-s- tla- 500 worrt ~ machine
5 gu er-cr u-o- --- E----l-es building fo-
- r.auucar-a-e 1r rnlec -aterE-ar gle c
% .aa- ca b. arg-l z--za-e.g s. ~. and "a
Z sal lr sll- elll--.- -1sat So loC worth
- A-1achrnsry Il rl----e-a- Ron 30 w1-rl
asrs for ar l-l. rl..,.i. .la- IS SIS 81. 81 -
D ..i---1 tT CIR rr-ee -.lr--. -ar- r.f 81 So i
. -1.e 81 u..---- a-ier cate. and --cur-1 bl
.-a1rs lae-1 IS ll-- 80 a. tl- Irllserrg pf
20 mia and rlrr1-r =-cur-c - Zen c-
, F g-lcE a---t- 80 tne plant which VIII vary