davidaulloa/AmericanStories huggingface dataset:
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29

Of our fair state. from which We are
now debarred. either by rates OF SLOW
transfers. For many years We nave hSa ai
IL said that the Chesapeake auu 'ilo
Railway Company intended crectns 49,, - u
moi in the place q the OLD one on biohN
street which Is an cye-sOre TO the cItl,
and. | might say. not creditable 10 w
company. and finally last year plans VIZ
completed on a grand scale. when. ii Cd'
ried ont would not only give n depot anu
Messenger facilities. which would De
pride 10 the city. but would IN maleiln'
manner bring prosperity both II our tly
and her sister city on the othcr slde OF 'ii'
lanes for these cities are 80 closely az
lied in interests that the prosperity Oh
one means the prosperity Ct the othei
The expenditure Of 50 large sum OF
money and the employment OF so many
mechanics would naturally give impetus
to the returning tide oil piospeil's'
THE SOUTHERNS DEPOT.
T would therefore, Mr.. President. earn
estlv urge that VIC use cur best efforts.
either through committee from inns
Chamber or IN our indlNlduai capacls
as citizens to remove any ousttclt WIlV.i
may be IN the way of the fuiilmcnt or
this lOng-prOmiscd improvement. nor
would stCp here. but j would bring every
influence 10 bear on the southern 10 lono"
the example Of the Chesapeake ana ONO
and at least 10 erect depot WHl'H "Vul"
furnish suitable accommodations Ia llt
travelling public. and which - cue - cry
which has for many years so Hnti"l-+
snpporied this railroad. both IN Dos pas
songer and freight departments. Another
factor essential 10 the development oi
our commerce is that We have every iine
of business represented, ana colHl'N'l'H
in tine several lines We cannot induce
merchants to come 10 Richmond 20 Duy
their stocks unless they can purchase
complete line OF everything that they my
require. However well our grocery ull
goods. shoes. hardware and ether lines are
represented, If there be one line lacking
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29
r11E rrMEs-RTCHMoND. "a. FRIDAY, JANUARY 20. 1897

am satisfied that my friend. Mr. Nun
ford. will clearly present his view on TINS
subject. / simply refer to IL az .'is
important factor in the developmtht "a
our commerce and one which snpu'ph ,sl-
ness man Interested In the growth anu
Pre- sperlty OF Richmond. -,
Let Us, then. IN conclusion, DIT. Ii'Si
dent, by all means stop croahlnE IT, IT,,
CRYING hard times which are nero IN
apinary than real. and helps rather 10
dcprcss than 10 enlarge business. ~. Va
catch some Of tho spirit Of the men n, nngs,
thirty-odd years agO. in the race o. W." IN,
Culties which would have appail'u a ~ -,
resolute people. laid again the louiiu1 3i To- 20
OF cur destroyed city. and let US luli -.
gcthcr As one man IN the year DeIoi. -.
As an Illustration Of the power OF I'M -
q reminisccnce Of tho past comes , " 81
mind. In 1888. when that most u,h i. a.,
equestrian monument which Slalu-a H.
Wonder square arrived at the Wid4 -, "a
the eastern part OF cur city, II W. ,,.rc.
question how TO bring il 10 the - ia
when forty strong horses VIZ ,hc wbip.
IT, and under the crack OF w, ~
could not move 10 a foot. Ihey 49, -,
pcwcr. would not pull together, uu, "a,,d
70 rope was attached TO the 5ta,iI ,,,o1,,e-
n call for men was made. old auu 80
RESPONDED with willing hearts az.
hands. and. AZ The command Al -.
gethcri the great bronze statsUu, ~d
moved along Main street up tht NJ 10
into the square. an iu tho thf'i = -
ertht siastic PEOPLE. So let as WI or
Qefher with one heart and one mn" 49,
The growth Of Richmond. inNesuiiis -. -
eanital here. instead Of seeklnS i,ffabo
mcuts in the four corners OF w
Let us purchase al Of our supp.r'
FAR as we can from cur meIgiAiit. 49,
manufacturers in Richmond. Ltl VI ~
within our incomes. cutting down ~ W
necessary expenses. and employ ~ oui
-alosmcn men caranle of inteihschtss
rcserting US In every department Oh ..9
ness life, and ] am confident th"l q, wv,
.iOse Of lsgi we viii have seen MAJ hru
Improvement in our commercial ailai'S'
4 CLOSE HEARING.
Mr. Powers was given clcse nearing
throughout. Ills speech was tspeclaIiy
striking from the helpful spirit that per
vaded &c. II was cheering 10 the business
men generally. and encouraging 10 tiVsS
who Gre inclined 10 look upon tnc uai
side Of the business situation Nheh ine
snea her advised his hearers H. invest th'l
carItal at home. 90 build mp ana support
local enterprises. and stop seeking invest
incnt Bon far-om places Doe was literally
aupiaudcd. The speaker struck popu-
lar chord when DE urged the business men
To stop "crOakug" about hard times
This did no good. n helped o. deprcss
business. 4 great deal of the complaint
about hard times was imaginary. sald he,
and Doe earnestly hoped that the COM
plants would stop. and that business men
would look upon the bright side OF the
situation and so TO work.
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29

AT the first Of the series Of sp2ci n
meetings under the auspices Of INC ch7m-
her Of Commerce last night Mr.. Beverly
u. Munford handled. with great Skill
one of the most interesting subjects now
agitating the minds OF citizens Of Rich
mond. who have at heart the welfare
and prosperity Of the city. Mr. Nun
ford's address was a discussion OF tho
question OF municipal retrenchment and
reform, as bearing upon ihe prosperity
Of the community.
with clearness and peculiar Impressive
ness Mr. Muniord set forth the present
financial condition Of the ci,y's affairs.
and showed that, while the assets of the
city were sufficient TO cover her indebted
ness and outstanding Obligations there
was need for conservatism. caution, pru-
dence, and an economical administration
OF the revenue and resources, lest the
Gebt of the city soon reach the limit
rs set forth in the charter. Already the
indebtedness was within 100000 Of this
limit.
The speaker was given the closest at
tention throughout. and was frequently
interrupted by applause. His address was
pointed and convincing, and abounded in
solid and helpful advice 10 those present
who have a part in the administration
Of the citys finances.
MANY BUSINESS MEN PRESENT.
The meeting was held in the Assembly
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29

We cannot expect merchants 10 come 10
Richmond TO buy their stocks. They VIII
20 TO the market where an of their wants
can be supplied. Then, toe, We must nave
suitable places of amusement TO enter
tain them when they visit the city. The
man who has been confined six months
closely engaged in the monotonous az
fairs of mercantile life wants diversion
when he leaves home TO purchase his
supplies. and others being equal, he viii
most likely visit the city whichNcan fur-
nish him with such amusemcnts as ms
taste will incline him TO see. have SAID
nothing about increasing our manuiac-
tories however desirable il may be TO do
so. with our immense water power pass
ing by us with a rush TO the ocean nn-
used which. with energy and public spirit
could be hsrnesscd and made tC give en-
plOyment TO many thousand operatives,
because the gentleman who has preceded
me has fully and ably discussed thls I'M
pOrtant subject. but in connection win
the question OF RichmOnds growth as Il
commercial city, II is proper 10 reier 10
its Industrial development as most I'M
pOrtant factor. The relation between the
two interests IS often If not always, close
and vital. and is emphasized in this com
munity by the fact that they have mere
Kept almost even pace the values OF our
Manufactured products having been Tor
1896 I'm round numbers, S5lWuuN. ana OF
our iobbing trade (Which does not by any
means include all of our commerce, w.
00J.OO0. ...,.,.,.,.
HER COMMERCIAL FUTURE.
II is often said. and passes current as an
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29

establi. shed truth. that the future OF Rich
mond almD So exclusive ely depends upon her
becoming a great manufacturing city, ana
that her cen nercial future is necessarily
limited to marrow confines. rms U.s. il
my opinion. "a most unfortunate ana MS
leading statement not for the reason that
IL mapnines too much the mp' ftance OF
our great opportunities for Industrial de-
yelopntut but because 10 fails TO fccog-
ni1c tine vital necessity Tor also plJmolhS
our commercial facilities ana advantages
&c their utmost limits, which arc by 40
means narrow
N should Doe borne I'm mind that there
Is a. commercial element IN all manuidc-
turing enterprises which has not only Of
ten determined their original location, but
even after being located for other consid-
eratiOns. has often caused their inal dilIt
10 their natural habitat i'm this respect,
and such mOVcH cnts In certain lines OF
industry, influenced solely by more laN-
orable commercial conditions. have at
times assumed proportions involving great
sacrifices of original investments. The
convenient and economical assemblage OF
suitable raw materials and tine faculties
Tor distributing 10 great centres OF con-
sumption are commercial questions or
prime importance recognized by every
intelligent manufactured, ana the faNcra-
bic decision of these questions IS long
step towards determining the destiny OF
an industrial centre. And, on the other
hand. these commercial functions. ndis-
pcnsably appertainlng more or less 10 all
manufacture, where other causes ana con-
ditiCns. such rs capital skilled labor.
vested interests, etc. have been sufficient
ly potent TO enable sections. such as the
New England States. 10 retain their nOid
upon certain lines OF established Indus
tries. have IN the raw materials and pro-
ducts OF these Industries alone created
volume of traffic sufficient TO support and
shape the policy Il railway systems.
steamship lines. and al of the other in-
strumsntalities of commerce.
have VcntuTed 10 dwell upon this phase
OF the question. because any ether view
Of the subject nay render us aptthetic
I'm dealing with those commercial problems
which must inevitably ami constantly
arise. and which are 30 absolutely esse l.
tial TO the success Of our industries as
well as 10 the growth Of cur JObbinS
trade and commerce IN an It's branches.
In Richn end our statistics show that
each has helped and sustained the other
as IL Will do In localities so fortunately
situated as TO enjoy natural conditions
favorable TO both. We should, therefore,
strengthen their alliance as productive OF
most fruitful results and jealousy guard
against the acceptance Of any dogma or
policy which involves the surrender or
neglect Of one iot or one little Of our
vantage ground IN either line Of develop
ment.
STOP CRYING HARD TIMES.
Nor have | said anything about the re-
cessity Of the city government being eco
nomically administered. so as 10 reduce
taxation to the minimum as bearing di-
recuy on our commercial interests, as !
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29
THE cHAMaEH OF COMMERCE.

clean and light tie streets OF our 'i'',''
how TO make lllc and proper - d..
how to minimize the danger lv.ii ,,..ito
how TO eradicate disease. how 10 '''''
me-. vouue how Oh provide Tor the pool'
how TO lift zap tle -ubmerttN co.
ricd down in the fierce naelstionl Oh .ttt''n
cougcstcd centres. are pio"l' of
eugage the best thought ana Chorus va
our lime Closely allied with these Vuea-
lions are the sul more impOItaH. ''
uuiries ass 10 the proper limitations 'lIu
municipal legislation. Restrictions ~
EXPRESS provisions 0f charter. protertihl
the citizens from The ll-iudged acts or
their own representatives,, ana sdles ""i us e
recurring the submission 10 the people oi
ordinances deemed OF paramount nv
uOrlauCe for their rejection or ann ihal.,'
still another subject of greet ana 5IoN-
ing importance is the ownership anu ~,
ration by the city of those hatuI1'
mouopolcs. whose value is In large nta,
ure an outgrowth Of population. ai,.upr
To Woter-WOrks eas-Works. circlilt -"5l''
plants. street railways. ana tci5pHonv-'
Shall the municipality own these N",
ural mcnrpolic9f II 50, snail II opci'l'
or lease them 10 others Shall such IRAN
chisos. ina cases where the city Is not pr
pared to embark in the enterprise ''
granted private individuals CT coIpoI".
TONS, and Of so. for what periods CT I'M.
These suggestions. Nj. President. VIII
serve 10 indicate 40 how many I.olh's ~
nicipal policy and legislation touch inc
life Of the city.
THE ALI-IMPORTANT PHASE.
In the brief time allotted me cannot
attempt &C. do more than notice one pn"ao
OF this mInN-elGcd subject.
] am asked how viii rerenchmeht ana
economy in our municipal AFFAIRS pF"ino,e
the city S. prosperity. / answer, by csitb-
fishing upon surer foundation her creull :
by dispcling the fear OF Increased 'aAa-
ton. ana 10y providing cNchtualiS " ar
llni TO meet the wants %. the sc'ti"i "o-
partments of her government.
Credit may be defined as the measure
Of confidence which the public ieels III
the Willingness and ability OF a DEBTOR
20 promptly meet his obligations. II cen
iidence In his ability and Willingness 10
pay can be maintained unquesiioned' ms
credit viii be high. and the debtor holds
the talisman which will enable him 10 us
charge az least "a part of his interest ma
hility by refhnding At lower rates ms obll-
cations. capital IS always seeking sale
Investment. Fer the guerdon OF saiety II
VIII accept lower rate Of interest. Mhlig
from investments touched WIN haz%"tu
II demands a higher compensation.
Let u De noted that the TWO Icuulsl'.a
or credit are willingness ana hDilty 70
pay. There are men who. though anPI.
aple, ran TO pay Just NJ the time anu
place AZ liked I'm tho bend WhlIe 'hels
are others with Willingness 10 pay unn
yet whose obligations exceed thelf apiil-
". Both classes are well known IN lhe
business world. and both classes can nave
I but little credit
What Is true Of an individual u Uue
| or "a municipality. No device winch w
| Wit CT man can suggest will MAINTAIN 'ho
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29

MIR 81 e. N rs
president of the 90 of commerce.
Hall OF the Chamber of Commerce build
ing, and was attended by more than l25
prcrnincnt business men and others.
Manufacturer. bankers real estate. and
Insurance agents, merchants and trans
portation men, as well as lawyers and
other professional men, We're present.
Mr. 5. III. Halves. president of the
Chamber Of Commerce. called the meet
ing to order. ana announced that Mr..
Jackson Guy. chairman of the Commit
tee on Special Meetings would report for
that Committee
Mr.. Guy stated that the object OF the
special meetings was TO discuss questions
pertaining 10 the community prosperity.
The committee had secured three able
speakers for the evening. who
would present the subjects al
loted TO them in the cleares.
and most effective way possible.
There had been. said he some agita-
tion in the daily press of the question
Of forming public spirited club" lie
believed the Chamber had fulfilled all
the objects which such an organization
could have in view, and that the meet
ings. OF which the one assembled was
the first. would result in promoting TO
some extent the community prosperity.
President Halves then introduced Colo
rel Archer Anderson. as the first speak
err. who said he. would address the au-
dience on the subject of RichmOnd's man
ufactures.
COLONEL ANDERSON'S SPEECH.
Colonel Anderson after brief introduc-
ton. said that he had stated TO the gen
tlemen, who asked him TO address the
meeting that he did not believe in arti-
ftcial stimulus TO manufacturing enter
prises. As result OF the natural condi-
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29

Mr. Munford shows How Our Credit May
he 7 ixcd Upon - >urer Foundation.

Mr. Munford spoke as follows:
Mr. President and Fellow Members or inc
Richmond Chamber of Commerce.
AT the call of your committee come
TO speak upon "a subject near 10 the htiil Us
Of us ALL How during the GEAR upon
which we have just entered. can we pe9t
promote the prosperity Of our city.
The gentlemen who have pre- tdei me
have discussed her manufacturing ana
commercial interests. and pointed on
how. upon their continued deNclol Ih'h':
depend much of her future wealth ana
progress.
/ have been requested 70 conside' how
this object may be furthered by retrench-
mcnt and economy IN the administration
of her municipal affairs.
There are few subjects which to-day so
enlist the attention Of thoughtful men as
those which pertain 10 the right cohducl
of municipal governments. The unpre-
cedentcd growth Of cities. the congestion
OF wealth at these centres OF population,
the rise OF great corporations. the inNeh-
lions and appliances OF modern ciNllild-
ton which play such conspicuous part
in urban lfe-all these invest the sub
jcct with growing interest and import
anCe. o
NE century just drawing 10 close
will Doe notable for the number OF sreat
cities built. and the constant tiehd v'
population in almost every cline toWdrus
these centres 10 viii bc DISTINGUISHING
for the marvellous advances made ln ail
the methods and appliances when sup
serve the health and safety the convent
cnce and pleasure OF those who I'VE WIFI
i'm the city's gates.
GREAT PROBLEMS.
The difficulties encountered, the success
achieved. have only served TO stimulate
90 ID
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29

,;ee are far superior 20 any uldt extracts ~
90 liver oil ernulsious. as u does not make
con Gabby at but genuine muscular powet
o,d nerve nrce. IL cures all diseases that
result from impoverished blood and Az
week rru down conditions.
~ Jordan Fsg. 0f CoTbiu Whitley Co .
wy,fes About Two aud half wears ago wN
WIS "a Flat r.ilk by. wa' taken with 'tf'
- ii chest after which Began Co erA
biood and wa. also troubled with night .s"c'.'
I ,vss so short windcd chat Z could hardly 49,
half a mile a. once and II / got The it.s' Di-
,y,,rie0 I would have an attack oi phtNi7is -
tb,,,l and almost die for about TWO on thfrt lHt >
Ironcluded 90 try Df v Pierce ana J. .I
nv case 60 him H~sgrQte NE that snol'p -,
his Golden Mciical ,covcTy. hes'h - /
h and used about six bottles. brgln ~ II.
!, v,,s hcioinz me SO I concluded 70 eYH.I-
using the coidrn Medical Discovery. IA !.
and have improved both in sfchIh t"-
weight j have nor hcd the phthais N'' 'F''
any blood since last spring ,,.i...i Al
DR. P,erce's Common Sense MediSa4 AZ
wiser is the most popular meuioa. 49,
in the English language. u So".'' -
thousand and eight. pages, ana oNe. -
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house Of valuable Information = NoPy
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s,.,,.s a. nay tie cost Ol mtiink 0"b'
ADDE'S Worlds Dispcnsary Meolea1 A.
soc,s,;or pnHalo. y y II handsome.
cloth .bo-nd. stamped binding IS psEleneu,
sarJ ter cents extra {, n cents IN all 70 Pay
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binding.
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29
Public Discussion Before the
Chamber Of Commerce.
Mr.. MUNFORD'S ADDRESS.
4 Mastery Exposition Of The Financial
Affairs Of Richmond.
HOW BEST TO PROTECT OUR CREDIT.

Col Archer Anderson and MIR. X. w. Pow
ara Also Discuss Plans to Promote the
Welfare OF the City-Ihc Latter Says
the Cry of Hard Times is More
Imaginary Than Real 90 Mr.
Munford Says the ExPendi-
lures ofthe City MustBe
Brought within tho
Receipts - full
Text of the
speech.
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29

Ill
COLONEL ARCHER ANDLHSD-''
.....,,os
cty "cnt 40 3D. -3-lg1 per cent, ,1 -, ,s,,,ht
interest charge. lhey cA"' "I'uo"' -,,H
Dee lc3sed TO respoi-lul" p@t '.S' w"
provisions securing the 0l's ".i Wv -,
ile-es now enjoyed anu pi"F'u'"7 ~,
ana gas 10 hcf cu@ch7 al N'''."t
for even a larger annual .t,,l-,,,l
thus, as AGAINST our Doltcu l'o wa. IN,
az H4--b'l, Nc can idiiif 49, ' '
offset tlese assets worth WV .V''
Another item OF assets. NOT heI e,olol
mentioned, but which may ue l"itl. con
suffered iu lhla statement ~ .,t 49,.
OF unpaid delinquent taxes WINCH, nun
an account furnished 10y l"e NltS ~
cOuntaut amounts. Tor the Years nelW'eh
ISIS as 20 and 1920 inclusive, TO SOL 'o0,u upon
real and personal property. me poi-
tion against real estate lio-Wit Ro'ut
S2lJ01Ol may he considered as soN'nl
assets which can ne eNentuaily coH''lsu
many thousand dollars Of delinquent
taxes, which accrued petWceh 1870 anu
ISIS the amount OF winch however
have not the DATA "t ilaiiu. -- .,t.
The annual interest 'ii"i -,t "i'" '''''
bonded lndtul' u"'a9 ~ ... a..
l have already poinleu "ut ,h1t
whole S per cent portion OF our Niu.ut'u-
N''f ~ '-"' fDuu fr.o r.~.a
July, JOB ana Jdl'ue'l - 49,, ,.l,. ,.ert
eut interest cLlai 7c u2oi t. ,,.r canf
bonds is S'i',y; + uilNS' ,,.i,,i or s.7 ISs
nohu7 li'io WI ~, iil,o manner
per ahhuh ON 'nla ',,,,l,,,,fi,,- IN q
the per cent poilN9, 1",,,'re,, io0i and
l'vy natures ne' Nreii t,'t.-.ost cl,,rpo
January l'Y'' lH' pi I b. ,fo, 9-a
ON these p'l ''".' 49,. ,i,or. sin
Funded INTO q per ''I,' ".'', ,,,,,,,,, ,,,,on
be saving OF N''O'l ,'i .,i C.,li-
this item. bhu'I inc ,N"l'. ,,,,l,, tho
naucci per GEM, ,t,'' ,,,,,st b, Maid
city's bonded lun'n, ., t,, bords
into the sinking lunI 20 t-,' ,nr,lal
as they mature. nus "'"'
charge Is now s'-.N-.' ,-,.r,,,, ,-.rrrr-c
THE TOTAL OF lA-N-A'l-l' ',,, in.
Let us pause Tor "a moiii'". Do ME
vcstigations 10 summarize '". i,,l.. of
We find that the atti'Ss,' A., o6f por-
real estate FOR taAltlon l7 >',.'l ~ fort,,-
soual property. SlA'w'' ~. "''' s,-eso1 "a,
seven miles or street i@iiN 'l az eo-
grand total or iaAaDi' N"i''''
1883. ,,..f,.
That the city. besides proper ,"9'',,-
many millions much of when l7 iil "".''
ifea Irt from which sle derives N' iN
come has rovonue-prOduclne property
,tf.b may Dee fairly estimated at N-NV
t.t.f rrfra. arnuaIIN into the
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29

lions obtaining the hercest contests and
competition had arisen In all lines OF
manufacturing.
The most important questions were.
what natural resources were at hand.
what Kind OF skill could be obtained. and
what were the transportation facilities
These had 20 be carefully considered.
The manufacture of tobacco had been
carried Oh in Richmond under the most
The times. [volume] (Richmond, Va.) 1890-1903, 1897-01-29

annum. The data obtalnable from the
citN's records does not show the amount
originally expended I'm constructing these
works. but whatever may have been their
cost these figures demonstrate that this
one item OF assets yields revenue large
enough 10 pay the interest upon sz"vy~
nor cent the rate OF her bonds as at
nresent issued or upon 81, Coo 900 OF bonds
AZ a rate OF 2J-l00 per cent. which -
tba average rate paid by the city upon
bsr whole bonded Indebtedness. IL may
be also remarked. in connection with the
reports made by this department, that the
foregoing average profit does not include
any credit given the Water works Tor
water furnished the city in any OF It's