Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-02-19
is RAPIDLY BECOMING
CENTER OF INDUSTRY
Henry County Town Now Has Population of 5000,
With Suburbs, WhleN New Enterprises Are Be-
ing Attracted Steadily to It,

cohlinodious auditorium, seating ca
paclty 52J
"Martinsvillc is distinctive In its mu-
nicipal Ownership o. public utilities.
Including water works. electric light
ing and power plant. auIl telephone
system. all OF which have been sue
ccssfully conducted for yeaca with Il
substantial net profit to the munich
pa'ity and exceptionally low rates 10
consumers.
Industries OF the town are import
ant and varied with one of the best
tobacco markets in the United States
Three large warehouses furnish
splendid facilities for buying and
selling tobacco in the leaf. Two cid
established tobacco factories and Il
large stemmery provide local &C.
mand for tobacco that makes outside
buyers pay the limit for all they get
Martlnsrille also has "a number Of
large and important factories. among
which arc the cotton mill. ,wp fuyni-
turc factories, lumber mill, Mirror
factory. truck body factory. foundry.
Touring mill. insulator pin factory
and several smaller establishments.
Win sim others In prospect.
Automobile service Is taken care
OF by seven garages and service
houses. Two old established, strong
banks head the financial resources Of
the city with over S3.000.000 assets.
An Excellent Trading Point.
18th three wholesale grocery
houses and about forty retail dry
goods. clothing and Gr"ccry stores.
Mariihsvilic Is an excellent trading
point Tor the surrounding country.
PROVIDED with convenient and ade-
quatc freight. passenger and express
service by $40 lines of railroad. the
Norfolk and Western and HanvIllc
ana western. the latter being n part
OF the southern lines. Martinsville
has eight passenger trains daily con :
Meeting with Roanoke. Danvilia and
WINSTON Salem for ali points North.
South. East and West.
Offices o. tn. American Railway
and Southeastern Express Companies
| are here.
The state Health Department and
The Red Cross. both maintain ctIi.,;ent
ana active county organizations at
Martinsvillc."
Has strong Ranks.
Mart!nsville has two national banks
with aggregate resources OF $4,000.
| GOO. The People's2National. founded
In 1891. Justly claims to be bank
| which has Kept pace with the de-
Velopment OF the town and the sur
rounding community. j is a bank
| that retolccs in it's ability and
readiness TO place it's resources in
| reach of the hustlers OF the town and
the farming interest OF this good old
county. The capital stock OF the
| bank is $4,000, and II has "A surplus
OF $4,000. The deposits are now
| more Than 100000, and its total
assets were at the last report to the
government sl,i50.0o0. They are
around million and n half now. The
officers are T. G. Burch. president; G.
L.. keesec. vice president; ]. a.
Brown. cashier: Xera Cannaday. as
| sistant cashier.
The First National Bank. organ
| lied in 1893, has capital stock of $50.
600. and surplus OF $4,000. Its
| total resources amount to $500, 900.
| and deposits run over sl.0oo,o00. l..
! l.. Williamson Is the president; j. c.
Greer is vice president and cashier.
and ]. c. Shockley. Jr.. is -. slant
cashier. The First Nationa. s ever
| lived up to the policy II outlined at
It's birth and therefore has ever been
careful, conservative and construc-
| tive and labors for the upbuilding Of
its town and community.
\ third bank will throw its banner
to the breeze early in the spring
probably by the first day OF March
| The Piedmont Trust Bank has been
organized here within tho last few
week and building Is being pre-
pared for its early occupancy. The
capital stock for this institution
| $500, 000) was subscribed and paid
up in very short while after the
oriSinators started on the job.
| At the organization meeting the
| following well-known business men
-Martinsville and Henry County
hustlers. all OF them-werc selected
to manage the affairs of the bank for
| the ensuing year: Thomas G. Burch,
PRESIDENT. a. D. Witten. first vice
president: Il. NJ. Townes. second vice
president: X. r. Gravely. secretary
| and treasurer Notwithstanding the
| talk of stringent times. unsettled con-
| ditions and all that sort OF thing,
when the time came for an enlarge
ment of Martinsville banking facill-
| ties and for the increase of its a.
nancia! power there was no trouble
whatever in placing the stock of this
100000 institution. That's just Mar
| tinsrille's way of doing things and
meeting requirements.
Boosts Live Wire Club.
Martinsvillc once had Young
Mems business Club, which some
thing over year ago had n second
birth and became the Kiwanis Club
of Martinsvil1e. This club has proven
! itself to be live wire. which takes
the right kind of hold on anything
that promises TO be of real help in
the Industrial development and prog
ross OF Martinsville and Henry Coun-
ty. The officers are: Thomas G..
Burch, president; ]. e. Howard. dis
| trict trustee: C. a. Whaling, vice
president: w. p. Hodnett. trensurer:
John w. Carter. Jr, secretary. The
hoard of directors is composed of II.
V.gPrice. II. a. Ford, ]. Frank Wilson,
u