The Daily times. [volume] (Richmond, Va.) 1886-1889, 1889-04-26
ITO NEGOTIATE A LOAN
VIRGINIA STATE AGRICULTURAL AND
MECHANICAL SOCIETY.
PROCEEDINGS or TIE MEETING
HELD YESTERDAY
An INTERESTING DISCUSSION BY
PROMINENT NENBEHs
An Exposition Not Likely to be Held
This year adjourned to Meet
Again ON the Sixteenth
of ~eNt Month.

holders Of The Virginia State Agricul-
tural and Mechanical Society
held meeting yesterday even.
Ing in the rooms of the Chamber of
Commerce At the three former meet
ings quorum of the stockholders were
not present. in fact, only few Nestcr-
day a majority was present.
/ The meeting was called to order hy
President Starkc, who appointed Messrs.
/ II. Theodore Lilyson, I. W. Wood, and
+ VI J. Staples a committee on proxies.
While the committee were out, 'resi-
dent Starkc read short addcndum 20
his rcpor'. referring to the possibility of
an exposition this fall.
Mr.. John b. Branch agreed with Nh.
/ Siarke I'm his reports but was opposed 90
the idea of an Exposition next fall The
time. the work and the Thought given by
/ the managers of the Exposition last fall
vas immense. but they had not been
properly supported While some have
stood mp 10 The support Of the society
/ noblv. the great mass Of the people in
/ virginia have been very dcrelici. ltmay
/ be that they wanted 10 MANAGE IL.
/ For himself he believed That he voiced
/ the sentiments of the others who did the
work. that they would have turned the
entire matter over 10 these gentlemen.
Continuing, he said that the people i'm
/ Richmond and in the state viii
never appreciate the value of an
exhibition or fair until they are
without one. As long as 10 benefits
some those benefited believe in cNhibi-
/ tiOns. but if 10 is not 90 their personal
/ benefit then they dom want them. These
neOple won't know what they baye lost
until we stop having exhibitions. W hen
we stop the masscs of the people viii
recognize what has gone from them, and
| this organization should attempt no
more until the people, feeling their loss.
will rise mp and demand one. Referring
10 the effort made last year Mr. Branch
/ said that S12OOOO was asked for. of that
amount we got $4,000 including the
$50 900 mortgage released hy The city in
substitution for stock. IL required hard
work tO get this amount and some of The
subscriptions have not been paid yet.
He wanted cycrysone i'm the city %
/ know that tine society is not owned hy
/ the executive committee. II is owned
/ bv its stockholders. bat really everybody
/ in the city and State owns it The men
/ who bought stock did so from patriotic
purposes. their money was gift for The
/ benefit of the community, and every ore
/ i'm business in the city rcapci benefit.
/ We advertise our business i'm ncw-pa-
per-. hut sn exposition is % grander adj
/ vettiscmcut a man there can -cc in one
dav more than he could read ir week
/ An exposition makes and leaves "a last
f inr impression. Let u- leave the Oues-
F ton of am exposition alone, and lci thc
/ people see what they will lose thi. fall.
/ and then YOU will see am uprising of the
people which will compel am exposition
i'm the fall of 1890 of such "a character
+ that il will beat everything held ln This
city.
The CITY Council | believe. failed 90
rive MS any help. but they wifi finally.
ov public pressure. Doe compelled 10 come
To IL. All the contributions tO their
pubic enterprises, which rebound 90 the
welfare of the entire community. are
made bv "a few. The banks. the iOhaccO
Exchange. the Corn Exchange and "a
few merchants are the ONES WHO con-
tribute When the political party wan
money the same people are applied 10,
and YOU will find that. year after year
the same handful of men make all, or
nearly all. of the contributions
This il as good a town as any ever
made. There are good people here, but
they must Dee reused up Another EN-
position must come from them 10 must
be The uprising OF the people in mass.
Nj Crcnshaw said he would refer to
what Mr. Branch had said about the
Council He had never missed meet
ing of the Council for year, and tO his
knowledge no application has been made
by the society for assistance. There
might have been 10 The Finance Commit
tee. but that was not The Council
Mr. Branch said he was glad tO be cor
rected He had with others appeared
before the Finance Committee, and sup
posed that they had made a report
MI James L. Anderson said that he
was q member of the Finance Commit
tee. No direct application had been
made by the society. A number of gen
tlemen representing the society had am
informal talk with the committee, but
no action was taken. The committee
had not declined io help tAe society
There was no telling what they might
90 if an application was made. HE
city did give up $50. 600 for stock from
which il never expected 10 reap cent
He was sure the Finance Committee
would do what they could, consistent
with the financial condition of the city
Mr. Branch said the society owned $50
acres of land. on them were buildings
which cost $4,000 The land was as
valuable as some that had sold for SlO,-
600 per acre. IL was ON the street which
many thought 10 be- The great coming
thorOughfare Bat put the land down
one-fourth-$2 500 per acre-and the
buildings one-half that would give
$4,000 The stock is less than 100000
the debt $4,000. and that would leave "a
surplus of %3j. 600 If the property was
sold He expected To see the land 90 be
worth $4,000 an acre and S2oo 900 an
acre unless he died earlier than he eX-
pected This is good and profitable
investment, unless YOU want 10 leave 10
alone The city can make a park of it,
use the building for q swimming pool
for youths 90 learn tO swim and thereby
save lives lost in James river every year
Let the city take 10, use TO- The stock
holders are willing, as none put ia their
money with the thought of making mo-
ney
Mr. Wood thought the city did nobly,
and would have done better, had the
citizens been pressed \ great deal of
information had been kept back that
should have been published The exec
utiyc committee had been too close
body
Mr. Starke said thatthe would ike 10 I
see Mr. Branchs remarks printed and .
sent broadcast. The people OF Rich +
mond had not done what they should 90 I
the executive committee. Everyone /
ought TO have been stakeholder There .
were $4,000 of stock lef', and each share .
should be taken Referring 20 Mr. /
Woods remarks he said that he did not
know of anything being kept back. The F
committee had striyen TO tell all they
knew how % tell
Mr. Wood said that the number of
visitors each day should have been
given the press, and the financial exhibit
given more fully.
Mr. y Y Randolph explained that two
sets of books were kept-the exposition