Daily Richmond Whig. [volume] (Richmond, Va.) 1865-1869, 1865-06-22
Errorr FOR NE RELIEF or rHr sr

EFFORT fOk IHE RELIEF OF THE oUFFEkEk By The
CoSFLAeRArIos or APLH-- MEETING AT THE CAPITOL.
In response to a published call, quite a numerous
meeting, composed Of the sufferers the condagration
Of April 3d. assembled in the state Senate chamber, at
the Capitol on Tuesday evening" to listen to some re-
and sos sna to be s ia
Hallway New Jersey, in relation 10 the financial ways
and means whereby the burnt district can be most
speedily, and, at the same time, substantially re-
Mr. Martin ON taking the stand said it for the
meeting to decide whether TO organize with officers
listen to some suggestions from himself
Mr. j b. Jones moved that Mr.. w. W. Howson be
Mr. HowsOa declined preferring 70 listen g anything
Mr. Martin might have 20 say on inc subject which
and Mr.. Martin was heard.
He commenced with a review of the scope and mOdus
tai Tor the use Of those who desired to rebuild He
would spirit that would build up the city In
ien'' ord, Gov Pelrpoint, VIM II. mcfarland, Esq.,
and others, and they all agreed that his plan was
feas BILE and a good He would say TO those pre-
sent who wished raise money wherewith to rebuild,
put fair yaSaSa Upon your bP rSPe PsIs t Rs
carry North and return the money upon IT, with pro.
per bond ana moLsSse Day 10 sseuTe TINS ebola
be estimated at its fair valuation As IN the SOUTH 80
10 the North every city Of any size had suffered rom
prisng to know what rePeliins influence against In
speaker had not been idle since he came to Richmond
he had kept mis- eyes aud ears open aud he knew hat
most unwonted imitation in the value Of real estate
existed in Richmond, which was repelling Northern
capital and keeping enterprise out OF the market lie
street, that formerly rented at $50 per annum 1900
is now demanded And thus the speaker found u all
they are called going up in every quarter Of the burnt
district remin ded hi moi Oil City, where shanes oil
and SO 900 asked for them Here then the grand
mistake TO begin with Give the Northern capitalist
start aa 10 shoulder with YOU drive away
enterprise and capital by putt og too heavys premium
that this very drawback here melting pack Of
spectator. to building stores at City Point with the
orr as real estate agent, was well known to many Of
the wealthiest capitalists OF the Northern cities He
and others like them and rest until assistance be
procured II the meeting, by its action would autho-
RE him TO AFFECT loans upon thelr properly double
Mr. j. b. Jones tinterrupting) said there had been
soine sales Of property in the burnt district but he did
know OF single instance where such property had
not been bought 10y citizens There was a parcel OF
speculators here from New York who would buy II
they saw good chance for speculation. Mr.. Jones
had heard 1t remarked that capital was ready to come
here but II pretty good round late OF interest
Mr. Martin said the rate Of interest such loans
would probably be Tor per cent, with commissions
pretty hard to get The United states Government had
Its 7sO bonds the market, and people preferred in
ali, however, he honestly believed he could obtain
the lOau OF some millions. 90, o.,
say five orten millions Of dollars, at lair, reasonable
interest.
tained AZ a rate less than lie Government gives.
To question, whether with bond aud mortgage dou-
bio the amount of mOuey loaned loans could not be OBJ
lanod at per cent interest, Mr. Martin replied that
said, would be L. per cent.
Mr. Cirnbbs, orthe hrm OF Messrs Grubbs * Williams,
ma some remarks He said the people who came here
with the intention Of buying would not give the price
asked, It was 80 ouirageOnsly hlBh u not a9le 70 re-
rebuild The greatest difficulty the speaker found in TO
his business about the title to property sold. The
liable to confscaton2 Has the ever been in the
army Is he worth oyer twenty thousand dollars and
all such questions He found no one who would buy
ned a n eel