From the 29 Sep 1905 issue of the Kinston Free Press
newspaper of Kinston, Lenoir County, North Carolina
One of the signs that there is more money in the country than formerly is that nearly every small town now has its own bank and the statement show that they are getting pretty good deposits, too.
Mr. E.M. KOONCE, member of the house from Onslow, who was in Raleigh yesterday, says that a new bank has been established at Jacksonville and will soon open its doors, with Mr. COVINGTON as cashier. Already there is a bank doing a fine business at Richlands of which General Julian S. CARR is president. Since the construction of the railroad from Dover to Richlands, that place has developed. It is situated in one of the most fertile farming sections of North Carolina. Two tobacco warehouses have been erected and are doing good business.