Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-02-26
A DEVEL0PM MENT ERA
4 WAVE OF INDUSTRIAL PROsPERi-
TY swEEPING OVER THE CITY.
MANY BIG ENTERPRISES TO START.
The New Depot Franchise 10 Go
Through o-Morrow-Gbe Electri-
People Have ~ DisnEreement

\ wave or industrial development IS
sweeping over the city. Never before.
perhaps-not FOR many years, at any
rate-have go many and such important
enterprises been under way.
The representatives of the Chesape1ke
and ohio railway viii petition the coun-
cil tomorrow night FOR renewal ~
those franchises granted a little over two
years ago. and WORK NH b. begun az
soon as the plans have been ratified by
the Council. This enterprise alone con-
templates the expenditure " nearly s.
00 O00 and will D. ~ infinite benefit 10
tho city I'm other WAYS FOR 70 Will not
only improve the facilities of this road.
but viii add permanent and very hand
some depot 70 the public buildings Of the
city
The Richmond. Petersburg and Caro-
lima railroad has already made applica-
ti0n for a franchise 20 the Council and
the paper Is now before the Committee
ON Streets This company has the money
in hand 20 open the long contemplated
railway between Richmond and Ashevilie.
~ c. and the president OF the road i5
confident that the line will be- in opera
tiOn within seven months.
THE UNION DEPOT.
The question OF a union depot, In
winch these lines will unite with The N0r-
folk and Western has not yet been de-
cided. but a meeting is ~ De held early
this week. and there seems every reason
Co believe that an agreement Will BE-
reached.
The Chesapeake and Ohio Is unaltera-
bly opposed 10 the 81 Charles Hotel site.
and those connected with the Richmond,
Petersburg and Carolina say that they
1re willing 90 cede this point, and are
willing 10 Join On a depot 90 be situated
anywhere below Fifteenth street and be-
tween Main and Broad streets.
inasmuch as the Williams Scabo1rd
Airline syndicate Is interested 90 some
extent I'm the Richmond. Petersburg aud
Carolina. ~ is hy no means improbable
that the depot viii be situated on Broad
street. SO as 10 benefit the Traction street
railway. Some interesting developments
ia the depot question are looked for THIS
week
The Young Mems Business Association
viii be- strongly represented az the toun-
ci meeting tomorrow night. wnrn ine
petition Of the Chesapeake and ohio Rail
lion. and they will ask the Council 20 inn
pose "a 5000 penalty bond, unless the
work Is begun TO the satisfaction Of the
CITY Engineer within six months. The
oplnions OF couucilmen have been cam
vassed. and have in many instances been
found favorable 90 such clause.
THE PULP-MLLS
The work OF demolishing the OLD Hoxall-
q N.s
plant of the Electric Railway and Deyei-
opment Company and The pulp-mius Is
being pushed forward with an possible
speed 4 yexed question has arisen over
the price TO be paid by the former organi- .
zati0n for its part or the property The
Valentine syndicate. which purchased the b
mills holds that the water power is he I
most valuable part OF the property. and /
ls this b. 90 be used fy The Development I
Company 10 Is cOntended that The VIII I
.iams syndicate. which Is behind this en- 4
ierprise should pay tie Hons share of .
the purchase price. The Development q
Company views the matter from an op- f
,osite standpoint and inasmuch a. no .
agreement could be- reached. the whole .
question has been referred 10 commit
lee OF arbitration. composed OF MAJOR p
r. y. Myers. NJ. y ". b0we. and Al.
Charles =. Boiling. The Valentine synli-
.ate has put IN evidence pamphlet ls-
sued by Mr. y " Bowe, the real-esiaie
nan. when the property was for sale, IN
Which IL is stated that the ~ater-po"er
controlled hy the mills Is worth hundrrSs
II thousands 0f dollars. Judge Lake
Mr. T. A Catlin and Mr.. Charles Rose
lave supported this view Of the case.
Ii X expected that a decision VII De
cached about the middle OF this week
Both companies are ready 20 begin puild-
~ operations AT once.
THE CONDUCT ORDINANCES.
The conduit ordinances will Be up before
he Committee on Streets Tomorrow. one
: backed by wealthy syndicate OF Rich
noud gentlemen. the other provides Tor
h. building II the conduit by the city.
I Is generally believed that the former
sin b. endorsed by the committee, since
he financial condition OF the city would
In, warrant the undertaking. and bond
ssne FOR this purpose Is out OF TIE 9uss-
lon.
work Al the ship-yards goes on without
et or hlndranee. The rrst payments BY