The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1913-05-27
REMARKABLE IS
PROGRESS SHOWN
Witmington's Banking Capital,
Deposits and Resources
DOUBLED IN EIGHT YEARS

itfafnSt0n, May 24--Ihe progress
OF this city and vicinity in the pas,
eight = IS shown by general in
rece1y secured by the WI
mington chamber OF commerce.. !,
considered remarkable in many re-
species and is in line with the progress
bein gmade by the best cities Of the
South. Making q comparison with
1895 h uRusual increase in banking
capital and surplus is $2.7es.s3s.ss az
with $1,0ss.7s4.es; bank
deposits $11. zss.14s.7s As
with IS, e3s, 23e. SO: resources, SIS
~ss1.zss.:s against $s,~5e4.475.ss.
AS an evidence of Wilmin&tOn's
progress as \ seaport the wonderful
increase in exports and imports in the
past ten is shown in official fig
ares ~ follows: Experts 49, I'll
loz, III, IS compared with SIS. s,441
in 1912, showing an increase OF l.
l2z IL e cent: aggregate receipts
RE in 1912, showing an increase Of
4zs per CEN
The government makes annual ap-
preparations for river improvements.
used principally in deepening the
channel from Wilmington to the sea
41RS NtAIt tA1S CAH OS CAV
fied p the hAnnel to the piers and &C
communicated ID twenty six feet Al
moan lew water.
The development during
the past few ear is considered re
markable. In one Township, which in
Winter Park, SeAg>te and Wrights-
vile Beach the value Per as8easment
in 1905 was $sS7,Se1, as compared
with $1,2s1.st7 in 1912. The es<imA-
ted actual value OF the property il 81
800 zoe. Other developments that are
ing this substantial progress are sun
set Park. Audubon, Carolina Place..
Idelwild, Garden City Bronx, Man
haitian, Lakeside Park. South VIII
minxtoa Heights and Winoca Terrace.
Material progress has been -.hown
in the erection. Of business buildings
and residences during the past year.
The official report shows permits for
291 dwellings, and los business hOuses
which includes the new union station;
cold storage Of Independent c cop
pany. Atlantic Trust and Bankikx
building; Cape Fear Club; Cape
Fear Machine Shops; Sol Bear 4 Co;
Winery Armovr x Co. plant; Beav
Memorial school; Gore Apartment
House: Mafnt building aad Tidewatev
Power Co. large add5hoa to power
E GAV&R0fsOHe
for 1912 is $1,077.775, as compared
with $3.50. q TO 1911.
WInington's advantage "a North
CAroiinas only deep water seaport.
and her relative Importance to the
Panama n has recently caused her
to be recognized with greater signih-
caaGe than e before. Terminal Ia
citties. including ELEVEN large water
front storage warehouses, have beeu
provided during the past three years.
enabling this port to become the die
trsbatinE center for q large terri
tory. The railroads have plans IN
der way for enlargement OF the ter
mfnA} facilities before the cana
opens.
The distance from Wilmington to
C0tvn. Panama. by steamer route Il
l,5aE miles. only fOrty-hve miles fur
itner than Charleston: foFty-six miles
faFther than Savannah, 31S uJe1
nearer h Norfolk aud snly fifty
!, three miles further than Galveston
: ITexAs
|. tar trade with the west coast ~
!. S'nth America principally in feFtil
!. :zer materials n rapidly increasing
!. and the canal win he Of material ad
: xan,Axe in broadening the channels o
. trade with that ccnutrv.