Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-12-15

cars. in the hotel Hobbies, and at the fire.
sides, there was one voice of synpl ny
last night. VI ~ recOunted now many
young firms he had assisted, supplying
capital 20 start business and helping lh
every emergency. IL is known tnat ne
has given away more than hundred
thousand, besides considerable sums an
personal aid n built chiefly the NJ tho-
dist house Of worship IN this cry CALEB
the "Park-place church" IL erected a
noble building az Rand0lDn-M con col
lege, besides subscribing literally TO the
| endowm ut Of tle college y A.n iO9Nl4is
over his expenditures, he asked his book
keeper If the amount put down TO charity
was not too small. and IL there hr
been calls that he ought TO have succored.
\ SELF-AlADE MAN.
Mr. Pace IS a se.f-mdde man. He was
born IN the county OF Henry on a farm.
began in a small way The manufa ture or
tobacco. By d.nt Of labor. he accumulated
means. then increased his business. and
subsequently moved 20 Richmond. where
IN that Enc, in railroads. and I'm banking.
he gained reputation for foresight and
financial skill The disasters in certain
great railroad enterprises ana shrinking
IN values cramped his resources, ana
finally defeated him.
He is man OF gentle manners easy
OF approach, and kindly disp0siu. ,. lie.
however. has a nerve Of steel He has
ever been calm and silent when
sums were IN the uneasy cll s.. taxing a ID
without,an uJt rance ~ 81 aslre ana VIII
defeat has IA len ON him in bis ventures.
no man could detect IL in his vllc mood.
or manner He a country az, by rare
genius, rose 10 BE- a millionaire IN the
south, when such q fortune accumulated
IN two dozen years 81 very rare.
RECON led AS a FlNANCTER.
shortly after Mr. Pace was married
n Danyllle h. moved 90 Richmond and,
as before stated. cng8ged ln tha tobacco
q mos an Y
on Jwenty-second street tie amassci
A large fortune IN his business, ami after
establishing the J. B. Pace Tobacco COM
pdny. one of The most successful maupfac-
turing institutions i'm this city. he retired
tner- from. and engaged In the banking
business. bee ming president Of the Plant
ers' National Bank Ia January, l6Si. AS a
nnancier, he was recognized from the
first as a leader. and he has probably
been at the head OF, or connected with.
more financial institutions in this city
ana elsewhere than any other resident Of
Richmond
Mr. Pace was at one time a very con-
siderable holder Of West-End real estate,
and IN the height OF the boom. nOtwItn-
standing that IL was exceedingly defri-
mentd! TO his own interests. he publicly
ADVISED investors against purchasing On
boom prices.
Mr. Pace has been in bad health for
the past six months. He was confined TO
his bed for several weeks. but cam yn
town Tor few hours several days ago tie
suffered relapse, and had 10 go back
To bed.
Or. Edwards his physician. said last
night that while Mr. Pace was in a ner-
vous condition, and was quite weak, ne
was not dangerously sick, and would pull
through al right in a few weeks
Wouldn't accept a..
Az called meeting of the Board Of
Directors OF the COlunb ldn Building and
Loan Association. yesterday eV ming. Mr..
Pace. the president rendered his resigla-
ton. BY unanimous vote Of the board
IL was resolved not to accepT II and the
body expressed the hope that Mr.. Pace
would continue TO serve tie as.oel4tiOn.
also. that his health would soon be fully
restored.