The times. [volume] (Richmond, Va.) 1890-1903, 1895-06-14


It's most important bearings was discussed
by several OF our leading citizens. and
at the second "the advantages and disau-
vantages OF the union Of Richmond and
Manchester were similarly considered
The addresses on both OF these occa-
sions would have done credit 10 any or
ganlzation or community. The lght
thrown upon the questions under considc-
ration will be OF the greatest practical
value IN their ultimate determination, ana
the suggestions brought out by the seNe-
raj speakers nave all been referred 70
appropriate committees. From the grat-
flying interest manifested the special
committee Is encouraged 20 promise SINH
lar meetings for the ensuing year.
DEyELoP,fNT or MANUFACTURING INTERESTS.
Impressed with the necessity Of sus--
tanning the growth ana prosperity OF
Richmond by inviting ana encouraging
cas- IS being actively done In other sec
tions) the establishment OF such add
tiOnal enterprises as our location ana re-
sources render most feasible, select
committee was recently appointed 10 re-
port the measures deemed most expedient
to stimulate the development Of our man
ufacturing interests. An interesting re-
port may be expected from their. lAvesu-
cation Of this Vital subject, and II is
hoped ways ana means may be fOund
10 extend this important field Of employ
mcnt for labor and capital. Without de-
string to anticipate their valuable suS-
gestions. the occasion seems ripe for en-
pnasizing the necessity for some concert
cd action 10 fully control the now ana ran
Iu our river. 50 that its maximum power
may be utilized, also for calling attention
to the feasibility. with modern methods,
Of brining more fully into requisliion for
power the vast supplies OF fuel in the
Richmond coal field.
II these two sources are available for
cheap power. with our other many ao-
vantages they would inevitably prove
basic and most potent factors. But II is
essential TO get them as fully as pracu-
cable into available shape. Their unne-
yclOped or latent existence may ahoIu
interesting argument and ground Tor the
pleasures OF hope as 10 our future pos .se,,
b!llties; but 50 far as undeveloped they
VIII not in the living present bring Sill
gle industry to Richmond.
GROWTH AND PROGRESS OF RICHMOND.
II is not inconsistent with the concern
recently indicated IN the subject TO say
that We cannot record during the pre-
ccding year the usual growth or manu-
featuring interests But nOtwithstandlns
some new enterprises Of importance nave
been established. brought about by our
special needs or our ntncss LOT t,'.t,
and 4 number Of important works OF DOM
| a private and a public character are
| under consideration, there mas dl1V
in other directions been growth anu ne
velopment. which under the eNlsiins COR
ditiOns was most gratifying ItIldi..et
able amount Of building or genera
character has gone on. the state i'iDla
~ building IS just about competen' anu
| viii afford our people. under inc WIS.,
uroviei0u Of our CITY Council Tor an 49,
sistant Librarian. the use Of most va
liable public library-a want iohk aael.'
| our handsome uptown hotel. the Jetet-
| SON will be finished In the ran. An dpd,-
| tofr has inst been completed which, WINE
constructed with reference to the specla'
| needs of one Of our manufacturers may
| IL is hoped afford facilities for siahsn'.!
! I'm the cattle for our markets. OF ~ 49,. ,s
demonstrated advantages, leah 10 NY
/ of gwp for that lfrlTdblt pun
pose.
IMPORTANT MEETINGS. MKT YEAR.
Our CITY during the next twelve months
will be the scene Of number Oh $50 -
| ing and large gatherings, Sucn S2hoie-
annual meeting or tnc SoueneI NO CON
-,enfion of the United Confederate Ne'e-
| rams. TO meet the demands OF t H.
| occasions we viii BE better equlpPtSa -
| e,.or before The assertion may pe Nen-
| ,,,rad nat no visitor from any quarter
| o.d thov will come from every nhec
| zion will fail to be impressed WIN Wy
/ order the beauty. the prosperity, sn a.
/ fractions OF our city ana lnr, 'rbese
| meetings cannot fail 10 make known o.
/ many advantages. and 10 inV.le loi 49,
/ fniurc n they do not secure al ne tli'''
/ accessons 10 our wealth ana
prsINFss SITUATION.
The business depression. whlch,, 10 o.r
/ greater or less degree chafacte -
| ,so, and 1874 slowly. but II is hoped SURE
| Is. began 70 ne Itll''0' O"
.ny,ett, gradually lessened. business
| ir "A great measure adjusted llsel w
/ now and i'm some cases Fylns - me
| - and the recuperative powers OF tne
] countrv have almost impercepipis' n
tho vegetation Of spring. ihftlseH ~ :. LOS
/ LYLE nrS1,,od life into trade This i'm
nrovement is reflected. not only IN III
| creased railroad earnings anu Jan
bearings but the prices and % {ailuTes ' both
! dnriue and since the period OF creates
! lenreseiOn have been. under the cAcui'-
/ stances. remarkably smaH. 49,. ,,r,.-
| With absolute confidence IN the pro-
| recte of this community, II us ptVpi-
! arc but true 80 themselves anu ~ NJ,
onnortunities. the cordial and loyal s sur
/ port Of every member IL INVOKED d. III
/ auspicious time 20 work FOR the feuenal
! GOOD. I'm which each has a snare as AZ
! frai # not as distinct as they nave III
/ their individual pursuits
DUE or THE BUILDING.
BEFORE concluding this report. there Is
a matter so nearly toucnlns ne trin1, =,
ton Of the Chamber, that not 10 pIlls -, ~
| in vonr attention ON this occasion WOulu
be p dercliction Of duty 80,
The building we now occupy YVES ,pin ,
( Melted in 1898 under difficulties incident
| 10 the times. and cost some SlVVp hloi0
| than the estimates. &c.. 49,
IL was openel Tor tenants uullHS ~
| fan Of that year. period not faNoraple
| TO the success of such an enterprise but
! fortunately enough tenants were secured
| TO about pay the interest, otner hNru
| charges and running expenses from the
| start. with rental rates from 10 20 ~ per
| cent less than would have been obtain
| able under normal circumstances.
| There stil remains, however. part
! of the debt for the cost of construction
| and completion of the building unpaid.
A special meeting was called al tne N
stance of your Finance Committee March
T. 1894. TO negotiate bonds TO the amount
| Of $1,000 for the purpose OF FUNDING thls
! debit and the committee. with the ala
| of the directory have since endeavOred
| faithfully 20 place the entire lssLe. But
| after about half Of the bonds had been
| disposed OF to friends OF the organization,
/ in 1874. further effort was suspended. OWING
/ 10 the feeling of depression at that time,
| and 10 the fact that just at that Juncture
| another deserving institution was forced
| 90 call upon the community for its liberal
J aid. ...
taken up the matter. but has not net with
( the ready response expected under What
1 were deemed more favorable conditions
for negotiating the balance OF these
| bonds
Thev were purposely made small-only
! s. each-amd under an arrangement with
| the principal creditors are payable IN
five annual instruments Of s., II desired
| by the purchaser, so they are within the
/ reach OF all.
III is sincerely hoped that this meeting
Will take vigorous action looking TO the
! dfen0sffiOn of the balance now on hand