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The times dispatch. (Richmond, Va.) 1903-1914, November 17, 1912, Image 20

Image and text provided by Library of Virginia; Richmond, VA

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn85038615/1912-11-17/ed-1/seq-20/

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I' Industrial Editor. >
fffc This column is open to contributors who have something; to say
Iptf s suggestive nature, and who are willing to make hints and *ug?
geations looking to the better development of the good old State?
i M?jf Virginia, West Virginia and North Carolina, and who can hold
~ their suggestions down in any one issue to from 150 to 200 words.
?f Such communications, addressed to the Industrial Editor, will re?
lative prompt attention. _ 1
Chasseloa Goed Koarls County.
Wl?e County I? In Virginia. In some
?pect* Wine County 1? far up in the
?et rank of great counties. In the
[matter of good roads and good roads
sense. Wise County leads all Virginia
^counties, that I?. if I hare read tne
^records correctly, and if I have heard
?from all the precincts 1 want every?
body la the State to read the story i
gjfeave just read in the last issue of
*the Big Stone Gap 1'ust. Hern it is:
?'A large number of citizens of the
?"Richmond Magisterial I>ittrlcf met 1"
^tne Town Hall at this place Saturday
aftert.oon and ?'.lscussL-d tne propose"
Issue of bonds in the ;.mount of |l*i>.
COm for the completion of the roaas
"*ln the district as laid out by the
county at the time tue original bon<:
issue of $7"P.0?0 was issued. Practi?
cally all the roads as originally sur
'vey.ci have been graded, but a large
fyortioii of them have not been mat-a
"damized. and it is the purpose to use
*the money derived from tne proposed
* Issue to complete the macadam.
. "With this amount ail rouds that
^lavo beer, graded and surveyed can
"be completed, when this district will
.have one of the most complete sys
-dems cf macadamized roaus of any sec
?*tlon its size in the Soutn."
The Post then goes on to say that j
?the meeting was an enthusiastic one.
and that there was only one vote
lagalnet the proposition to vote an
'.ether hundred thousand dollars furl
?good roads This will make $*00.ouu |
?Wise County has put up for roads.
Where is there another county like I
? What's a Public- spirited Maat
I We talk a great deal In Richmond
'about our public-spirited men, and
.Richmond has a lot of them. Doubt?
less some men In Richmond are im
? properly credited with much public
-spirit because of the wrong conception
?of real public spirit. It may. there
yore, be well enough to get the true
3dea of what a PUbliC-sprted man reat
PJjr is. Albert Shaw's definition of a
?~jnan of public spirit is he who Is able
'at a given moment, under certain con?
ditions, to set the public welfare be?
fore his own. Furthermore, he is a
'man who is trained and habituated to
that point of view, so that he Is not
gware of any pangs of martyrdom, or
even of any exercise of self-denial
when he is concerning himself about
the public good, even to his own mo
;?ientary inconvenience or dlsadvant- i
age. Public spirit is that state or ;
habit of mind which leads a man to j
care greatly for the general welfare.
It Is this ethical quality that to my
mind should be the great aim and ob?
ject of training.
Another Chance for Stranded Men.
Chicago does many rare stunts, and
eome. of them are worthy of all praise.
The philanthropists of the Wtasty City
are going to start a Garden City near
the town for unfortunata men who are
out of a Job and otherwise stranded, <
A farm of 1.500 acres Is to be pur- '
chased, which is to be divided into
live-acre lots, and one of these lots to
be given to a man to live on and cul- j
tivate. That will provide for 300 men. |
The Kea is to assist them the first
year, and also to give them an option
an the land.
This Garden City Is to be organized
Into a little government, and true ten- ;
ants are tf govern themselves Tnerc
Is but one limitation. .- nd that is. that
no saloon will be permitted within the
limits of the city. They hav<? similar
ventures in Kurope. and they all thrive.
Jf the Chlcaco enterprise succeeds, tne
good work will be imitated by some
The Ideal
Home Beverage
Home Brewing Company
Harrison and Clay Streets.
Phones: Monroe 282 and 283.
Tanner Paint & Oil to.
M17 and 141? East Mala.
Rlchnsond. Va.
Is ?fTe-sl .? -sr?eT3.? a:
tigs 7 ceetasUue l ee
fret? Ro-p cm*
as a prerer.?i. s
?PSSj f *e Se*
2Sc ' " :
-fcs k if ft fa
?tee. gl. Bks Pratt
P?f ? ?;.?-. it ?*-' ? ?
Iks. 11 Kendler
Meets*! CtaBaefS
We asw patting three *p every
other eitle*. Richmond among them,
per nape.
Curiosities ?( The Pa reels Paed.
The new parcels post law will go
into effect the let day of January,
ana after a few days the rough edges
of the service will be emootned down
and the advocates of the system will
be at least partially happy. The
law is not just all that titey wanted,
nor is it near all they asked for, but
it is a starter, and the hope is that
the law and the public hervlce to be
rendered undci It will be perfected
at an early date. in the meantime
it may prove interesting to study the
law a little bit and compare it with
the laws of parcels post usages of
other countries. The law permits the
n.ailing of packages weighing nut
niore than eleven pounds, which must
not be more than seventy-two inches
In length and breadth combined. L"p
to four ounces there will be a tlat rate
ol one cent per ounce, or part thereof, j
regardless of distance.
For packages weighing more than
four ounces the rates vary with the
distance, which the following table
will explain:
addi- ;
first tionai ]
pound, pound. >
Rural route and city de- I
livery .05 .01!
50-nitle zone .05 .03
150-mile zone .06 .04 I
300-miie zone .07 .05 j
?0"-mile zone .08 .06
1,000-mile zone .0? .07
1.401-mile zone .10 .091
l.suo-mile zone .11 .10 I
Over 1.800 miles .12 .12 j
Now compare the above with the
postal rates from Europe to any part
of the United States, Including trans?
portation by pea, as shown t>y the
following table prepared by the Postal
l'rogress League:
From Norway . 2 2 lbs. 16c
From Norway . 4 4 lbs. 33c
From Germany . 4.4 lbs. 33e |
From Italy . 7 lbs. 39c
From Italy .11 lbs. 79c
From Great Britain .11 lbs 7?c
From this it will be seen that an
eleven-pound package, which can be
sent from St. Peters- urg, Kussia, to.
Sacramento, California, for 79 cents,!
will cost from Richmond to that same,
destination $1.32, a tremendous dis-,
crimination in favor of the foreigner i
against our own citizens.
Instances like these will doubtless
do much toward helping along the
cause of the parcels post and eventu?
ally give to this country a system that
will be a real and lasting benefit to j
both producer and consumer.
The Old Virginia Kind.
Commenting on the fact that a'
Washington minister is vigorously ad- i
voeating the establishment In that city
of a school "for training wives." tho
Ohio State Journal sermonizes as fol- .
lows: ;
?'The best school for a girl to be- j
come a good wife is a good home, with
a good mother. Tile great trouble is,
there are so many mothers who Uon't
care about training their daughters
for housekeeping. They want to make
ladies of them, and have them sit in
the parlor crochettlng, playing the
piano and reading the society novels. .
"Now the influence of a good motn
er Is such that when the time comes
for a daughter to make i. r own home
she will cook all right and be able to
attend to all the details of ner home,
it is tne Indifferent and foolish moth?
ers who make poor housekeepers of
their girls, and bring upon them mat?
rimonial hazards. Theie is a wonder?
ful preservative In the spirit of a
home, and it has saved from .iiisfor
tune and ruin many a boy and fc'irl.
"Where these influences are lacking, :
didactic teaching in a training school
will be beneficial, but there will be
nothing that will take the place of a
sensible mother. Lucky, Indeed, is the j
girl who has one."
Teachers Going t0 School
That was a mighty good thing, which
was quietly done without any blow?
ing of trumpets, when the arrange?
ment was perfected for th* nfty ana
more count) and .atrlct agents of the
Farm Demonstration Work to spend
els week* In school at the Virginia
Polytechnic Institute this winter. The
demonstration agents are teachers j
themselves, but cone of them claim |
to know It ?.11. and there never was {
a goo,i teach*r In any line who did j
not always want to know more about I
the very things he is called upon to ?
teach. The presumption Is that all
wt the demonstrators are good leach
?:s eis,- they would never nave been
elected to teach agriculture and dem?
onstrate farm work. This b^ing true,
it is also fair to presume that ail ot
Ihe'm ail! s:.?-nd six weeks tnis win?
ter at BltkshejTg and it Is very sure!
Ihsl th*J Wil! l-ave there better reach-j
? r? ?;,<i ? ? ruotistrators than they were j
I ?? the> made the trip and the;
: tax. The t<rm has been fixed at s<
Its** whei tr.er?- is little o?- no work,
for them lo do at '-.->me. either as dem- j
>t ?s <>r as farmers All of th.-m ;
-a:. a< arid doubtless all Of them will I
Th? Philadelphia Boosters are go
lag to tarr> lr. Itichmond long enough
to ieera from th- lib hnv>nd Booster?
i..st b >w to booM Tr.. Kb hmond vs
?i?tv c?n teach th.-m lust right
All of the counttee and districts I"
Vi'girra fiat l?< Id '?<?? al faire ti ls tali
rr.*?" ? ?:. < e?*. ?. ?ni ? tbout ex ? ption.
th. ?>eo pie declare their purpose te
keep the goo! work up text \..ir. an*
all of lh- ;.un to < ort.- ", i coun?
ties th.t !.???? not yet trier ? local
fair ought to click a pin rig tit per*
?? l l.-g.n this winter to err&nge to {
Tbere !? r.o more talk la these part*
?.beut p->li'.-s and tleetlsn. except
among tnonv <iear people who a-*
looking for ps?irr.s?ter?Mps and oth
?r poettlor.t In reach of 1'ncle Perns
??ay roil All other people are teik
.ng busin? Weil, tne po?t-o4n>e
ir.-em (or .tier that bulnes*. and II
is. real errto'i* business
'"omfnlsalor.- go!ner aar* land has
lnvfe)?d In value In Virginia In the
? t derpde and will do it again In th*
I.eat. Moral I'. T yoir farm ?*w
btrar.g. that a good bualnes* mas
doing buslnee* In *o good a business
place as Rlehasend would want to giv*
up that good neatness t* bold an of
Jefferson Realty Corporation b?/o
Cumulative First Preferred 3tock
to Virginia Holders
No Mortgage Can Be Put Ahead of
This Stock
We unhesitatingly recommend this stock as an
absolutely sate investment.
We have a limited number of shares for sale.
Price on application.
Investment Brokers,
1113 East Main Street.
(Continued From First Page.)
house is to facilitate sirhaagsk that
is, to facilitate tlie daily settlements
between banks in the same city or
town?facilitate as to la or involved,
time consumed and risk incurred. Ths
piocess is very simple; mere is but
one principle involved.
Each bank in a town or city?con?
taining maybe dozens or scores ot
banks?semis aii the checks and items
it has for collection on all the other
banks, called "exchanges," to th?
clearing house, charges the total
amount to the clearing house, and is
given credit for such amount by the
clearing house. Every bank presents
its exchanges, with the items drawn
upon each bank, in a separate envelope
marked with the name of the bank
which must pay the same. Having
received credit for the total amount
from the clearing house, these en?
velopes sre distributed to the payer
banks by the delivery clerks, a pro?
cess Involving ten or fifteen minutes.
The settling clerks, who receive such
envelopes, tabulate tho same, report
the amount to the clearing house man?
ager, and are charged therewith by
the clearing houae.
The exchanges taken to and carried
'way from the clearing houae are tbe
same Items differently combined, and I
therefore the total credits must equal
the total debits, and thus prove the;
day's work. The amount which each ,
bank brings, however, will vary from
the amount which all the other banks
.ring against it. and each bank is '
credit or debit, according to whether I
the amount of exchanges it brought to
the clearing house (or the other banks)
exceeds or fails short of the amount
which all the other banks have brought,
against it Its credit or debit will be
for the amount of such difference, or I
balance. {
$323,000,000 F.xrhaasee a Day.
One great advantage of the clearing
house is that bookkeeping does ail it
can by way of offset; cash is called!
upon only to settle the balances. Thel
Is* aa a* ?v ?f
W. F. Mahoney
523 Ealt Main.
The Burton System
bank? that are found ddblt la the
morning;?10 to 10:30 o'clock?pay
Into tho clearing house their debit
balances at 1 P. M., the clearing
house redistributes tho amount to meet
the credit balances and pays tho same
to ths creditor banks at 1:30 P. M- j
Of course, the credit and debit balances ;
equal and prove each other. Each bank (
settles with the clearing bouse pre-1
cisely as two banks would settle with
sash other, if there were only two ?
Lanks in the town. The exchanges oi
the New York Clearing House for laat'
year averaged more than $325,000,000
daily; this was all accomplished by less
than a half hour's work in tbs morn-:
ing, and again in the afternoon, ana;
instead of the banks' collecting this
f?2?,OUO,000 daily from each otner, and
paying It to each otner, with attendant
labor and risk involved in sending so '
much money about the streets, the j
cash requirements averaged about 318,-f
000.000 daily?or not much in excess >
of ? per cent of tho totals Involved. I
By enlarging our vision to include
the whole country, It is easy to realise I
what a great service the clearing
houses rentier to commerce, trade anu
business generally, by accomplishing
this maximum of buaineas with a
minimum of time and expense,
and a minimum demand upon the ac?
tual cash of the country. This ser?
vice is little known to ths average
cit Isens, and Is, therefore, aot ap?
1 have described ths only normal
function of a clearing house, and the
only function It wou.d be called upon
to perform but for the grossly de?
fective lows which govern our mone?
tary system. "A fallow-feeling makes
tho whole world kin." and a common i
danger cements kindred Interests in
united effort for mutual protection, j
Brought into close and harmonious re- ,
lallons in tbs clearing house, it natur- !
a.ly follows that in times of financial
stress and business peril the banks
should combine effort and act through
the clearing houses of the country for!
the . enetii of commerce and in aid of '.
individual members of the community.
Defects In Oar Monetary Sysieas. j
There are three cardinal defects In'
our monetary system, not to mention i
others, from which other great com- ?
satrtlal nations are reasonably im?
First?Ths reserve power of the
banks; the cash they hold?and which
is a margin of safety In dealing; wltb
the public, and which supplements
the use of chocks and drafts, which
may ho characterised aa auxiliary
currency?should be under centralised
control, aa altruistic control domi?
nated by the government, in order
that tho same may be used when aad
where aoeded for the common good.
In whatever section of the country
conditions may call for Its SSa Under
present law each Of ear ll.OOO banks
holds Its own cash reserve, aad when?
ever troublesome times come or threa?
ten, all hanks naturally seek to
strengthen themselves by Increasing
their caah holdings?they enter Into
active competition for this purpose,
and in so doing refuse loans and with
ho.d currency. Past experience has
taught them that if they part with
their cash there Is no source from
which they can with certainty obtain
more. The situation Is thereby aggra?
vated, and threatened troutle may be
made actual trouble, ail because of the
natural working of the law.
Aa sfsswrli Cutsey.
Second?The volume of metallic
I money comes through the mint aad
partially disappears by abrasion, loss
and through the melting pots of the
jewelers As to any particu.ar roan
try. the volume may be increased oi
oiminlshrd by export or Import. While
the vuiume of cola money varies, it Is!
in no sense responsive to the varying'
needs of . uslnesa A properly reg a- I
lated bank cuirency la tho only cur-1
rency. wblch the experience of th? I
world baa devised, that wll. cams int.'
t ' Li? whea wanted and retire when j
l here is no longer need for lie use !
I nder osr law banks must bay bonds.
?hick command premium, aa secur't) I
! for cir. station, and must pay more
j lor the earns I baa the smouat of cur
| rcacy they are pern, tied to issue
thereupon. By taxing out circulation
I a bank locks up money la s bead la
| vestment, aad it thereby 1 so seas Its
abi.ity to sapply tho needs of Its
j Commercial banks are d saiga sd to
I strve aad supply credit to commerce
and trade, botfc large aad sms i. The
notea aad loans wasch they bold repre?
sent the hopes of prosperity of las
mulloas of people throughout the ?and.
ans hare sought credit with the tanks
la order to supplement their owe re
'? sources aad realise the Taster gala
' such credits fspruasat both brain aad
brews?the farmer, the laborer, the
mere base the maau tact urer?aad are
. the beat credit, ths seat asset that
? any satten can prod see. their etaer
. act er i si i isp see's to the as as Sard ??
commerrial honor which obtains la lb*
; .ui..sr.uai.y. Ullllsaa of ptssls are
striving ts meet aad pay these obli?
gations at maturity. Is order to pr?
I teet thetr credit aad save thehr Mas
letal Urea. Thaw are Obs pass, aad
mast ?quid ??mis tarnt haahs onn
kola, la peace i>b? panic, and
proven oror lAd over ?>* to* experience
of all commercial nations.
The volume of auch notes or credits
la banks expands or contracts with
the varying activity of trade, and
banknotes should he predicated upon
I such assets?the bast of assets?and
I expend when business activity and the
I public welfare call for their use; on
! the other hand, contract and disappear
j when the service Is no longer required.
I When a bank possesses ample capital
I and surplus. Is replete with commercial
assets representing the best names and
: best credit?Just such assets as the
; bank was created to handle?and yet
cannot obtain currency to satisfy the
; demand of Its customers, except 'by
buying gold abroad st a premium and
Importing the same, th* trouble Is not
with the bank, but with th* law. That
was the general condition which ex?
isted In 1*07. and th* responsibility
for that condition and consequent
losses rests upon Congress and th*
public indifference, which (alia to In?
spire action by Congress. What other
nations have proven as to currency
based upon commercial assets we
should Incorporate into our law.
Market far Caserneretnl Paper.
Third?There should be s market
for commercial paper available to ail
bank*. Interior banks may redis?
count their note* with correspondents
in metropolitan venires, but banks
in our larger cities have little recourse
; except in foreign countries. There
' should be a central institution, under
government control, where short-time
commercial paper or loans that are
good beyond poradventure can 'be dla
' counted and the proceeds, if need be,
! received in banknote currency. Such
I a recourse doe* not exist now. It
j would afford business necesBary re
. lief and avoid a money stringency with
it* resulting loss to all classes, capi?
talistic and manuallstic alike.
Hew Clearing Uoasea Stop Panics.
Congress having neglected to pro?
vide such a currency, the clearing
house* of the country have sought to
meet and have succeeded in meeting
crises successfully, by combining their
credit and responsibility In the form |
of clearing house certificates, in New j
York and some other large cities clear
, lng house certificates are issued In i
denominations of $5,000 and multiple* i
thereof, buch certificates are good:
only In the hands of member banks, j
and are usable only in the settlement |
of debit balance* at the clearing j
house. In other ease* clearing house,
certificates have been issued in the
form and size of current bank bills. In
amounts ranging from $1 upwards, I
and in rare Instances for fractional j
parts of a dollar. They were designed ?
to, and did, circulate from hand to!
hand as money.
The first-described certificates were
not subject to a tux, but the latter i
were clearly subject to the 10 per
cent tax Imposed by Congress, which
was designed to tax State bank circu.
lation out of existence, and incident?
ally Induce State banks to come into
the national system. The emergency,
howover, wntcu ca.led such certificates
into use. was so great that the govern?
ment, with full knowledge and record
evidence available, has In no instanc?
made any attempt to enforce the 10.
per cent tax. The useful purpose i
served by such certificates and the
good accomplished were proclaimed by j
all. . j
These certificates so used sre simply
a form of asset currency. For tne
baa* of reasons the government neg?
lected to enforce the penalties provided
by law, although the violation of law
was flagrant, ami yet, strangest of all,
with this objeot lesson borne in upon i
them with almost crushing emphasis.,
the government neglects to provide
for a currency, within the law, sim.-1
lsr In character, trut superior In effl- j
cacy. i
The need of a proper and flexible-cur- ;
rency was well illustrated by the ex?
perience of the country in lb$3. The
great protection which such a cur?
rency would afford to the country gen.
eraaly and to every Individual, by tn>
protection of values, whether it be
wage, salary, bonds or factory, was
vividly brought to the attention of a...
by the very general resort to cur?
rency substitutes which obtained.
In 18*3 the stiver propaganda, in
favor of the free coinage of silver a.
the ratio of 16 to l. railed the fear
that the country Might go oa a stiver
basis and the standard of values be an 1
upset accordingly; this fear gave un?
due consequence to the Baring failure
and had the effect of preventing an
early restoration of confidence. The
hoarding of gold. In anticipation of a
possible premium, should tne country
go on a sliver basis, was an Incident
of the situation and directly affecteu
th* money supply.
Th* resulting stringency Induced the
Issuing of clearing house certificates
very generally In the smaller ss well
ss the larger cities of the country. ?
and also the Issuing of certificates of
deposit and cashier's chocks by the;
bankers la amounts of $1. $? and $10.
designed to pass Into general circu?
lation as mossy. Th* money strin?
gency was thus relieved, the panic
overcome, and all sueh currency re- .
tired within a short Period?not ex?
ceeding three or four months?without j
the loss of a dollar.
Inaapendisi? ef Money Centres. j
The experience of Columbia. S. C-.'
was very illuminating in respect to
this subject. The bankers there were
unable to obtain currency from their (
metropolitan correspondents, anJ
therefore issued clearing house cent- {
ficatea, whl h were used in paying the !
farmers, moving their crops and the'
transaction of business genera-ly inj
that community. One of their leading
bankers prepared statistics, showing
the amount of currency which had
been ..rought Into Columbia by express
tht: previous year, to supply the crop
moving requirements of the fall. The:
express charges for bringing in and .
subsequently returning this money!
were very considerable, the interest -
paid upon the loana made with their:
city correspondents. In eider to realise j
rredHs. both for checking purposes'
snd for currency purpose*, was very
considerable. All this was ssved by |
the use of clearing bouse certificates, j
which were Issued against the Joint
credit of the banks of the town, and
served every purpose, net as wall, of
course, bat severtkeiess served every
purpose of the commuaity ia harvestlug ;
and marketing their crops, they also j
saved the bankers ef the dtp a con?
siderable sum of ass aas. I
This Illustrate* forovfslly see sf the
very great advantage* to \e derived
from a law which weald allow banks,
locally to utilise their owe credit for
currency purpose*, sad shows to what
aa extent the different section* ef the
country would be spade Independent
ef the money centres. Uh* Si Louis
Chicago. Mow Terh sad other cities
TBS peats sf IMS. sad their inability
Is ?htala onrrcocy la Bew Terh god!
ether cute*. Coreed the tsssaas? s?
clearing hossa asetlBsaiss hp Col**.
Sta and coatrtbuted te th* taancial
j well-being ef th* ewssmssity which
j Columbia **rv*s, hp r*vta* them the
usual tri but*, la the ."era* ef express'
charges and Interest, which they ssr
pnally paid I* other localities
Other selloas sf the cow*try had j
a similar expert*ace Barely It tsj
reasonable and right te ash C*
far lexielatVea which skjalV in the Itgwt |
sf expertesppe, gtv* ss a
Modern Partnership Insurance
Is now a necessity in all progressive enterprises. Let me explain
to you the Modern Contracts in the best company in America,
at the lowest rates. Phone 341 Madison.
L C YOUNGER, Special Agent,
Room 922 American National Bank Building.
1ntere5t allowed
on .5AvirsG5^ex:Gijisixs_
Facts Are What Count
and the man who sells
Prudential policies deals
only in facts. Prudential
policies are GUARAN?
TEES, not estimates.
There is a vast difference.
What is Beet tor the Policy holder ie Best
for the Agent
Write us about an agency.
Suite 727 American National Bank Building,
Richmond, Va.
Forrest F. Dryden, Home Office:
President. Newark, N. J.
currency system which shall serve the
needs of business and conserve the ma?
terial Interests of the community.
(Continued From First Pace.)
them at an average of lbu puunds
weight on tne huul. Of these s^.uoo
were killed and dressed In Chicago
and outer hog-kllllng centres of the
The two packing-bouaea that slaugh?
ter hogs here kill lKo.vov snimeus a
year. itie local l> meters and markol
men probably kill ?.vuo more. These
are V lrginia-raiseo bugs in the main,
although come lew are shipped here
lrom .Nu. in Carolina and poas>ui> a few
from West Virginia. r or Des A Co.
have to loos, to the West lor the rest
of the hogs required to keep their big
establishment going.
These hogs are bow bringing s
cents per pound on the hool.that is to
say, a young bog weighing iou pounds,
and that is the present Virginia aver?
age, will bring the farmer |l-.?u, or
If the animal touches the beam when
it steps upon the scales In the live
state at 200 pounds, its value to the
raiser is $16. T. O. bandy and a hail
a dozen other Virginia swine raisers,
who sell on the hoof in the Richmond
market, have told me that hog-raising
pays a handsome profit at the above
figures bo much for tho pork end o:
this story.
Si neb Beef aad Matte*.
The packing-hoiues of Richmond also
handle beef, and une of them < Forbes
& Co.) buys cattle and sheep on the
hoof and does its own abboiter work
aa far as the bouse can get ths live
cattle. Ten thousand beeves are
slaughtered In a year by this concern.
To this figure must bo added the
steers that the Valentine Moat Juice
Company buys and kills, and the many
steers and cows the local market ssea
kill for their stalls. This Is less than
half tho beef that Is handled by the
packing-bouses of Richmond, for about
12,000 to 1?.00( cat Us are slaughtered
ta ths ??sat. aad find their way to the
|..hi.f.ii.ti... la ths refrigerator
cars The average weight ef tho steers
that are sold la Richmond oa the hoof
is tee pounds, and they are now bring?
ing from I ta I cents per pound. A
Virginia-raised steer Is worth en the
market about tit. and the men who
sell them hare will certify to the fact
that at that figure cattle-raising pays
even better than hog-raising. If you
are prepared for .no business aad know j
how to go about It
The 12.090 to 15.000 cattle that cornel
here In the refrigerator cars already
dressed and hailing from the plains [
of Texas and elsewhere, aad Anally
reaching here with accumulated freight i
charges for ths ultimate consumer to
pay ought to be grown In Virgin's and
slsughtered la Richmond. The last.
named performance would take Place j
locally all right if the farmers with- ?
In s hundred sr two miles around I
would see to the first named. It may J
be stated before these ngures are,
closed that lu.eot sheep are handled
* y the packing bouaea and the market,
men. and a little loss tbaa half of:
them reach here on the hoof, the larger}
number coming Is tho dressed stats?
la thoss aforementioned refrigerator
care, and It dees cost a lot of money I
for desd sbeep to travel from Ch<cagO|
and Omaha ta Richmond la a refriger?
ator car.
Mow extend these ngures to tho
whole State. All er nearly all ef these
Western packing houses which have
large establishments la Richmond also
have branch assets Is other Vlrgtrls
cities, Korfolh. Petersburg, gstToik,
Lynch burg. Roanoke. Newport Hews,
Ktauataa, Chariot teerUle Alexandria.
on the friendly relation, of too
, right sort of a bank. Often la a
! crisis It means everything. The
officers of this bank feel a friendly
Interest In each and every deposi?
First National
Hlnth and Mala.
Bank of Commerce i Trots
Ninih and Mala Soests?
Branch, Cabell&Co
lilt B. Main St.
Phnne No- IS.
Me sab era Mew Terk Stock Mxchaage
and Chicago Board at Trade.
On MBit reacts Ai 11 sa rant.
Danville and Bristol, and perhaps ether
Southwest towns. AU do s Jobbing
trade, sad while It is. of course, large,
ly a matter sf guess work. I think it
safe to say that all of these cities
and towns combined handle foar times
as much most ss Richmond and per?
haps none of them attract as many
live hogs and cattle and sheep on the
hoof as does Richmond. Therefore
multiply the figures 1 have given for
Richmond by flve end yen will get a
pretty correct idea of the immensity of
the market that Virginia offers Vir?
ginia farmers for hogs cattle sad
sheep. Unlike Georgia sad some other
southern states that were represented
at the recent convention of State Agri?
cultural Commissioners the Old Do?
minion already has ths packing bouses
and the swine and cattle market, aad
all Sf them will give the Vlrsiela
raised animals the preference. The
markets are here, the argent demand
Is here aad all the farmers have to do
to make good money is to ?apply the
markets sad meet the demand. Wi I
the* ds it? A packing house man said
to bps the ether day. "It will take
them forty years to come to It-" They
ess ssese to It next year, ss far as
bogs are concerned, sad In three years
with the sattle. M they will
nrnmUmmwrntH. Fl iii.l TMglrjJj
^?????tinwy Ktyerti, Catlap, ^piiMirtliw, mmi SmiuWw of Cm*
sli sifJus of KanVoadVs Stuft R*3**y?, Road BtjkkRt and Strsrt Pa^eajj,
SwaTf S) man and Water Works.
Ssvsev* ssd ?nlllsii'uti of Sossjatrs Tksbar and MnersJ Uasja. asd
$*&V*^Y)r^Bh l^w*BO?*s?* ???sMaafnal ?sVan*sl i^J^^klO^pwswsawW Csf tta***at $V*s**s*w^LjMLr aRsnusnl sn*?sss*v*ttt?

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