The Daytona daily news. [volume] (Daytona, Fla.) 1903-1926, 1921-02-09
els of Unique
Bank "Mannedo
by Women Entirely

| DR.. and Mrs. NJ L. Rudolph of
iClarksvilie. Tenn. We're among those
who Witnessed the excitement ON the
i,eaeh Monday evening when Aviator
Merrill lost his airplane in his efforts
10 save drowning man. They be-
came very much interested and the
doctor made the suggestion that MIR
Merrill sell pieces of the wreck as
souvenirs. He purchased the first one
at s25. and this set the ball rolling
and no doubt a good sum will be So
fcured by the unfortunate aviator from
/ this source
IN our little city" observed DR.
Rudolph. I'VE have what we think is
an unusual institution and we are
mighty proud of it, We have the first
women's bank every organized in
Tennessee. We have five banks in
| our town and while they are all doing
well. the women's bank is doing extra
we'll Not single man is connected
with it, either as stakeholder, officer
or e.nploye. Mrs Frank Runyon. wife
OF one OF our prominent physicians. is
the president and Mrs Matthew Lyle,
wife OF our district attorney, is the
icashier- The business OF this bank
has grown rapidly and constantly
since opening its doors"
| DR.. Rudolph is from one of the rich
est tobacco centers i'll the United
States, and he says this condition of
/ the fnarket is most peculiar
In fact" he said to a News repre-
sentative. 4 never knew it to be just
as il is now. There is a fairly good
demand for the very best quality. the
choicest leaves, but practically no de-
mand for the cheaper grades. As a re-
suit many of our warehouses are full
OF last years production and there is
no way to move it, II is understood
that the reason for this is the fact
that manufacturers are oyerstocked
with cheap grades ana are buying the
better goods for use in wrapping the
cheap tobacco In this way they hope
TO get rid of their surplus of the poor
er goods. For This reason the buyers
now visiting our city are begging our
farmers to bring in only their best
goods and to hold the other for a sis
iag market We had a fairly good
Ecror last year, but not as good as the
Eyear before. Most OF our product
goes 10 England. Germany, Russia
and Italy. Before the war the Ger
mans were our best customers. but
during the war we could not send them
lany, and since the difference in the
price of money the foreign exchange
has been so great that our trade with
them is very light They do not
seem now to be able TO buy even the
cheapest grade. Kentucky and Cen
lnessee are the two largest producers
lof the dark tobacco of any OF the
states. and our farmers are planning
on an organization SO they can con
trol the output and so limit il next
lyear, that the prices will be high and
THE demand better. We have ii
lClarksville between fifteen and TWEEN
lty very large tobacco warehouses, one
lof which has five acres OF floor space
They employ several thousand people
land they are the busiest between De
ceafbef / and July | OF each year
Hundreds of buyers GENE there dur
ling this season, many of whom are
from Europe. Some time one buye
will come to represent the manufac
lures of one entire country. and i,
this case he VIII employ number Q
local buyers to Scour the country am
secure for him the amount he want
lof The various grades. for which h
has market our producers haV
both home and foreign market am
between the two in ordinary time
the tobacco crop IS q very prolitah
one.