. Tales and traditions of the lower Cape Fear, 1661-1896 . to II. <;. Smallbones, President; Walter Smallbones, Secre- ATLANTIC NATIONAL BANK. Nati Bank was organized in April, 1892, the last install- k being paid during October of the same year. This on its deposits. Since the first year has paid semi- ( three per cent., and has increased its surplus account urplus of some $50,000 undivided profits. 1 hose who i organized the Atlantic Rank determined I on deposits, and to do business only on security as far as f Wilmington banks had not been accustomed to i< led in this way, tin- busine
. Tales and traditions of the lower Cape Fear, 1661-1896 . to II. <;. Smallbones, President; Walter Smallbones, Secre- ATLANTIC NATIONAL BANK. Nati Bank was organized in April, 1892, the last install- k being paid during October of the same year. This on its deposits. Since the first year has paid semi- ( three per cent., and has increased its surplus account urplus of some $50,000 undivided profits. 1 hose who i organized the Atlantic Rank determined I on deposits, and to do business only on security as far as f Wilmington banks had not been accustomed to i< led in this way, tin- business of the bank was very small ill the volume of business increased steadily and at the end . had a< cumul ited profits at the rate of about twelve the capital employed. Its stock will readily sell at ■ hi premium, though it pays only six per cent, per annum taxes. I he bank makes a specialty of willing to supply all customers with money at the approved security. This institution employes twelve rks, J. W Norwood is President and W. J. Toomer XXX n I. Powers. Gibbs & Cos Fertilizer Factory. POWERS, GIBBS & CO Located at Almont, on the North East River, within sight of Wilmington,is the extensive Fertilizer Works of Powers, Gibbs & Co. The plant is fullyequipped, with a capacity of 25,000 tons per annum, the product being highgrade fertilize!s. The capital employed in the business is $200,000, Mr. Powers, the Wilmington managing partner, has established a largebusiness and sustains it with characteristic skill and energy. His employ-ment of many laborers contributes much to the material prosperity ofWilmington, MURCHISOiV & CO The firm of Murchison & Co., Bankers, receives money on deposit, subjectto check, discounts business paper for depositors, and does a very large col-lection business Their facilities for banking in all departments are unsur-passed. The principals have been identified with Wilmington for more XXXIV than fi>rt\ rid they are rated in wealth at one mill
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