Eastern Shore Herald, August 10, 1906

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Infrastructure -- Commercial - Banks

It is reported that a bank is to be opened at Nassawadox in a few weeks.

Island Party.

Tourists and sportsmen -- Other recreation - Excursions

A most enjoyable island party was given last week in honor of the Misses Stearnes, of Salem, Va., who are visiting their sister, Mrs. J. V. Moore, and the Messrs. Richie. Mr. Moore took the merry party down in his launch to old "Cobb's," where boating and fishing were enjoyed. After a delightful lunch served on the beach they returned home by moonlight.

Eastville Bank.

Infrastructure -- Commercial - Commercial constructionInfrastructure -- Commercial - BanksInfrastructure -- Commercial - DrugstoresInfrastructure -- Commercial - General Stores

L. E. Mumford Banking Co. Now In Their New Quarters.

The new Eastville bank, which has been in course of construction for some months, is now open for business, the company having moved in Monday, and Mr. Howard Hall, the courteous cashier, is now installed in his handsome quarters. The new building is a great addition to the town and makes a most attractive change from the old order of things. The interior is handsomely decorated and furnished with every convenience. The two store additions will be completed as rapidly as possible. Messrs. W. F. and John H. McAllister have been engaged in the wood work and Mr. Truitt in the concrete work.

The store next door to the bank will, when completed, be occupied by Mr. J. Perry Widgeon, who will add to the stock he now carries a complete line of gentlemen's furnishing goods.

Ailworth & Trower, druggists, will occupy the other building.

The New Bank At Cheriton.

Infrastructure -- Commercial - Banks

At a meeting of those interested in the new bank to be opened at Cheriton, held on Friday of last week, the entire amount of stock -- $25,000 -- was subscribed, and officers and directors elected.

The officers are: Wm. M. Upshur, president; Samuel Townsend, vice-president; Geo. T. Tyson, cashier. The directors are: Wm. M. Upshur, Samuel Townsend, Eber O. Downes, C. D. Nottingham, W. D. Nottingham, I. J. Burbage, W. T. Townsend, Gardiner R. Nottingham, Geo. Huff, J. G. Goode, Marion Scott and R. D. Stevenson.

These are all good business men and no doubt the new bank will not only be a great convenience to the people of that community, but will also pay the stockholders handsomely.

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Infrastructure -- Commercial - Real estateForests -- Forest products - LumberInfrastructure -- Commercial - FactoriesFields -- Canneries

The steady and healthy increase in land values in Northampton county during the past ten years furnishes abundant proof of the increasing prosperity of our people, and of their faith in the worth of our real estate. Our peninsula is, by its possession of material advantages, certainly unexcelled, if not unequaled, by any in our country, and its citizens show wisdom in recognizing these facts. We join them in the hope and believe that as these advantages and superior qualities become more generally recognized, our lands will continually enhance. But why should those who have money to invest confine themselves to real estate, when many other fields, equally remunerative, lie open and ready for their labors? Why should we wait for foreign capitalists to invade our midst and establish well-paying enterprises, the profits from which will be taken from us and stored in foreign pockets, or reinvested here? Our people are most short-sighted in this one particular -- sufficient financial courage to put into operation industries which experience, as well as their own judgment, tells them in no uncertain tones, would be to their immediate pecuniary benefit, to say nothing of the ultimate results, which necessarily and inevitably follow such undertakings, and make themselves strongly felt in all the surrounding territory.

The lumber industry, which is now on the boom (in spite of the high prices paid for timber), as proven by the number of mills in our county, was never engaged in by our people, but was introduced in our midst by our more enterprising neighbors from Maryland. We pay annually hundreds of dollars for guano at such prices per ton as enable the manufacturers, after paying city prices for their factories, or city rates for them if rented, cost of manufacture, freights from the factories here, and allowing for bad and uncollectable sales, such profits that the proprietors usually grow rich. Why can we not, by making our own fertilizers, save to ourselves all this surplus over a reasonable profit on the goods? Several gentlemen in the county have tried manufacturing fertilizers for their individual use and have gotten as good results with it as with bought goods, at about two-thirds the cost of the latter. And it can be done even more cheaply if the ingredients are bought in large quantities and at wholesale rates. It has been tried, so we are not taking a leap in the dark by establishing a factory here, but simply saying to ourselves the profits which we have too long paid over to those who if asked would say "there's no money in the fertilizer business; don't try it." And thus are we foolishly deceiving ourselves, at a cost of at least five dollars a ton.

And why do we, in the land of corn, potatoes, peas, tomatoes and many other vegetables which are elsewhere canned at a profit, allow them to waste and rot during the summer, and buy them from our shrewd neighbors, the foreign canners, during the winter? Nature has blessed us of the Eastern Shore, why should we not, instead of waiting for the fruits to fall to the ground, reach up and out for the greater benefits that may be had for the asking and a slight effort on our part?

Eastern Shore Herald
Eastville
August 10, 1906