The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1870-02-08
CAPITAL FOR THE TRADE OF THE Cry

MERCE.-heeplng fully up to what is ex-
pected of them in promoting the business
interests Of the city and in fulfilling the
duties for which they were elected, the
Board of Directors of the Richmond Cham
Der of Commerce are indefatigable not
only in !deyising and suggesting whatever
may contribute to the commercial prosperity
Of Richmond and the State ct large, but in
removing and suppressing whatever may be
detrimental.
On the 10th of last October the following
resolution, on motion Of Mr. John Purcell,
was unanimously adopted:
" Resolued, That the Committee on
Finance inquire into and report the most
feasible mode of increasing the amount Of
capital available for the purposes of the
legitimate trade of the city,
This resolution was referred to the fol-
lowing committee: Thomas Branch, R. II.
Maury, II. E. G. Baskervill, James H.
Blair, R. L. Brown.
The resolution is very important one,
and the committee is On able one and as
ample time has been given to the committee
in which to report, We confidently look for
an interesting report ct the meeting of the
Board, which will be held tomorrow eve
ming at o'clock.
Stimulated by the interest which the
Chamber of Commerce took on the subject,
and by the appeals made by the Chamber
through circulars and the press, parties in
various parts of the State placed on exhi-
bition at the late Agricultural Fair here
various specimens, showing the vast re-
sources of the State in minerals. The
Board of Directors of the Chamber, follow
ing up their work, and desiring to bring it
to o practical contamination, appointed n
Committee on Mines, and instructed this
committee to prepare report for publica-
tion, so that it might be spread abroad, not
only in this country, but in Europe, to show
capitalists the vast inducements which Vir-
pinia presented in the mineral line. The
committee consists of Albert Ordway, Jo-
seph R. Anderson, T. M. Logan, Franklin
stearns, Thomas H. Wynne. These gentle
men have collected large mass of statis-
tical and descriptive papers, and they will,
we expect, be laid before the Board to-mor-
row evening.
The James river distractions, too, have
engaged the attention of the. Board, and
they are using every influence within their
reach to secure an appropriation for the
removal of the distractions. And in this
connection it may be we'll to say that a
large number of ship captains trading from
northern ports lin New England especially
prepared some months ago and laid before
the Board for presentation to Congress q
petition asking for On appropriation for the
removal of the obstructions, because these
distractions, both natural and artificial,
were injurious to the trade not only of
Richmond, but of Providence, Boston, and
other cities north.
Various other subjects, too; will be be-
fore the Board tomorrow evening, such as
grain delivery, some commentators con-
cerning the construction of new railroads,
the city taxation; and the question of the
water works, too, will, be believe, be con-
sidered.
Now that the Legislature is about to COM
mence it's session, the Chamber of Com
merce intends to keep watchful eye on
whatever concerns the commercial interests
of the State, and we have no doubt, when
We consider the ability of the men who con-
stitute the Board, that the Legislature will
derive many useful and practical hints from
| them.
The Board has taken much and active
interest in the organization Of the Mediter.
ranean anl Oriental Steam Navigation
Company of New York, and is cordially Co
operating with the Norfolk Board Of Trade
in that project. The tobacco interest O.
the city is also engaging the Board, ane
energetic action has already been taken b.
them in that regard.
1t is due to the Board to say that they ar
working energetically, and they invite sug
gestions and information on all matters re
lating to the commercial prosperity of OH
people.
The Committee on Manufactures, o
which R. E. Blankcnship is chairman, ha
already laid before the Board an able ant
elaborate report on the manufactures ant
manufacturing facilities of Richmond.