The Richmond Virginian. (Richmond, Va.) 1910-1920, 1918-11-30
0R|CHnOND'S FInANcIA[
CONDITION is HEALTHY
although It, Has Leaned Government
S55,00O,0 900, City Has S40.O00,O0O
More i'm Banks Than Before
War
GIVES OUTRIGHT 81, 900, 600
Conditions Arc Propitious for Post
War Development In Practically
Every Line Of Business EndcnSor.

Every Line Of Business Endeavor'
Richmond banks have on deposit
nearly $4o,000.000 than when war
was declared. And this despite the
TACT that the city has loaned nearly
s7b.a00,000 to the government Tor
the conduct OF the war and has given
outright nearly 100000 for war re-
lief activities.
Couditia are propitious for post
war develop hent in practically every
line OF business activity. Richmond
has no period of inflated values from
which to recover, looks for no whole
withdrawal of industry and Is
prepared to give employment
to all local boys in the SER
vice upon their return home.
Business men, bankers. real estate
dealers and municipal leaders are
agreed In prophesying for this CITY
= prompt resumption of pre-war ac-
Invites and a period of growth and
development in the next few years
such as 1t has never before expert
enccd
The Federal Reserve bank of Rich
mond yesterday the following table
showing the part Richmond played
In the four Liberty loan campafgns'
Allotment Sub ed
First loan s7,000,000 s12.ss2.200
Second loan 14.l41,So0 19,700.10
F1hird Loan 9.23l ,oVo l1.3SV.spV
Fourth Loan. 19,S3b,Soo ~, to9,oVo
-u--------------- -------------
Totals s5o.eo9.soo $72.47s,2o0
sEstim ated.
In addition, the total sale OF war
savings stamps in Richmond up 10
Novem Der /. was st.73s,0oo. making
total loaned to the government dur
ing the war OF sT4.216,2oo. Part or
this total represents actual investment
In cash and part the loan OF credit
i TO the government through nuyins
bonds on partiHi payment or with
money borrowed on the bonds rs Sc
curity.
In the last Red Cross drive Rich
mond gave s4so.ooo: In the previous
one ssi5. 600 making a total OF s7Io,-
600 contrib uted to that organization.
In thu recently closed United War
Work campaign Richmond gave 1850
ha9. II also exceeded its quota IN the
first cam paign OF the Y, NJ. c. A. war
council, and has given literally TO the
war relief and other associations ana
activities.
While Richmond has exceeded by
4 gratifying sum every call. made on
II for funds during the entire period
OF the war. Il has. in the same time.
saved a substantial amount with
Whicn 10 hnahee business "htei -
eonHdentlally expected VIII DC hiuoesA'
gu "tAllHi tHo HsN' - .r
On December 1, 1916. TWO months
oetofs America ehtereu tue $50.
war, ahd Just oetore tie aii'oas ~ 81
Us made Tor dividend payments .ne
banks of Richmond reported 10 the
tsorr, t4tru}ipr of currency total deposits
of sso.e42. 3sae'- On November =
isls. ten DAYS be1ore the wa cru"
tho same banks repofteo 20 ,ns soh'p-
trolier deposits OF VI - a,oo .tee' 80
increase OF sss'pa~sss 49, % 49,
90 per cent. During tne "af per ,ou
no bank I'M fachinnho suspehusa
specie payment ana no p"aN iu US 80
caty fouhu y necessary ~ ie"uN 10y
rate OF diVsuend 10 us s,o.ai',Ioei -.
In fact IN the same period .'ie osn $50,
increased ,he total OF nneiF su. p.us
funds by si,oZe'4l e-ss. i NAT CUISINES
has by no means eeeh s1asha',' w
ing the war period Us SHOWN ny 'hs
fact that during 'nat t'ahe 'ie Vo'''
OF loans OF Rlchtaoau oa'Ns ny
eGs tTss1fi wv, so - ~ "a az
esh-Fs a4AA fs3g' ease II - I'D =. . = :.
ftFffF -. foiiarn, VI, I%aa
real estate hrin OF roiarn anu nas
"4~terusF Preoic,eu an .a,S
sumption OF real estate $500 80, 81
y siiaFNea increase =. a"s'S 'taria,
ties as soon as the ldoof an" i'la'o 80
situation approaches any '"ihs ANY
normal
speaking oroadiF' S.i" 81. "
lard. real estate values 'a h,ei..io1u
are about "hcre 'heN were we" "a'
was declared mere mas peeI' no tn W
nation ana ne UNIQUE pf'ssu.
marker mas sfhoptN es".u III aa,u
awaited fhc ehaihE Oh hos,.i'..es
There have heen FEWER iofeciosur"s
during the PAST year imam usual III
fact, FEWER IMAM 'hefe WouIo nase
been unaer horfhai cohai.iofis. iNe"'
estate no'es are IN soou neIiiailu a Wv,
Throughout the war Perioo mo- t,s = $50
have been renewed wl'hou, o,'i.ui.s.
Where the holners "ah'eu me.
money new investors were 1eaas ~
atake h,ch,i, r.opei -, $50
- -. -.