The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1907-03-24
r'ho city's bonds arc we'll above par,
NH I, ~ LII lcluallIl. allgL ~ s.-... VIZ


hho citr's bonds aro we'll above par,
4 hnd are III demand.
progrcssivc. cntcrprlsng spirit
& pcrvntcs tic business life or the city,
4 md dts citizcns urc eager to welcome
$md encourage any and MI lcgitimate.
n riitcl,prises The Chamber of Com
,s,,1crcc and tho Petersburg Investment
y company, OF which ! will speak more
it particularly later on, are putting forth
every effort TO induce meritcrlous bust
ness enterprises to locate licrc aud the
II latter company stands ready 70 ren-
(. der mntcrial assistance IN the ostab-
5iisl,ment OF sucl enterprises as Will
4 promote tic welfare of tho city.
81 a Desirable labor can be secured at
cost and there is u cheap,
q md abundant electric power developed
n by water. Well-locatcd sites al'c cnsi-
Ny secured. The transportation facili-
L tica, as already statcd,taro exceptions
ally good; freight rates arc low, and
banking facilities ample. All these
N features combine to render Petersburg
most attractive point FOR tho loca-
tion of manufacturing establishments
or other lines OF business.
Business Conservatism.
1t is the boast OF Pctcrsburgcrs that
.twhile the people are always strictly
II t,nslncss they never grow wild, aud
aro ever as conservative as 1t is neccs-
snry TO be. a local paper has but re-
II Gently rchearscd this Just claim by
Fl setting forth that while it is one OF
s$the most substantial and thrifty cities
Il in Virginia or in the South. Petersburg
8kis and has always been noted for It's
Il conversatism and contempt for tho
81 mushroom methods SO much In Togue
y IN tho recent past. When the boom
Sespirit in Virginia was at It's high tide,
md values in the hands OF speculative
q ,nanipulntors were inflated to fabulous
aud prcposterous rates, the solid bust
4 ness men Of Petersburg set their faces
i firmly against the introduction Of such
3Amcthods hero, preferring the normal
IS md natural growth. even though q
n little slower. which meant permanent
4 ,lnd enduring results. The growth OF
II business in volume and profit has been
II steadily onward and upward III a. con-
II antly- increasing rate. Commerce
has extended far beyond natural trade
Sgslines. manufactures have almost dou-
OH lied IN the last decade, new buildings
are going up in all parts of the city.
as additional banking institutions arc
& 4 springing into existence to meet tho
requirements of business, and the de-
Ss' ,nand for skilled labor at rcmunera-
Hi tive wages Is greater than it ever was
5Sbcforc in tho history of the city.
8s The Chamber and the Inves tmcnt
Corporation.
Petersburg had a Chamber of Com
n. merce twenty years before Richmond
y had any such trade organization. 1t
q IS true that the chamber has not had
u continued existence. In fact. at one
Il time. 1t remained for While in a
state of innocuous desuetudc, but a few
years ago it was reorEanized, and Is
To-day ono of the livcst and most up
S1o-date organizations of its kind in
the South. The officers arc Augustus
Wright, President: Charles Hall Davis,
81 first vice-president; 7, +. Heath sec
##pnd ice-president: Edwin S, Quarles.
secretary and treasurer. Board Of
ACKNOWLEDGEMENTS Wright. Charles
Hall Davis, 7. r. Heath. Bartlett Ro-
per. Sri. Robert Cabanss. ]. w. Sc
ward. Z. Is. Sydnor, Isaac Cohen, and
aI. c. Jackson. Every business con-
Germ of any Importance in this city
are members of the Chamber of Com
@s inerce.
Recently the Petersburg Investment
Corporation has been organized, as a
helper of and adjunct to the Chamber OF
sss Commerce. The same officers Who pre-
4@$ side over the destiny of tho chamber
serve the investment corporation il
the same capacity. The object of thi:
s corporation is to boom the manufac.
turing interests of this c.ty and su.
y hurbs. Each member. and it has six.
ty. s . subscriber to the stock to al
n least one thousand dollars, payable II
cash. The business OF tho Investment
corporation. in a few words is to take
stock in and assist any mcritoriou:
manufacturing enterprise or other In.
ss# dustry that wishes to locate In Peters
burg. This corporation is expected Il
perform wonders in the line for which
81 was instituted. The enthusiasm o
5 it's members and stockholders ant
that of all the business men of Pc
scrsburg concerning its mission 4
wonderful. 1t may be said that tn
Investment corporation is one Of tn
RI livest and most strictly business in
stitutions of it's kind that exists in an
city In the South. Another one whic
IS IS like it and of equal capacity 70
building up the community IN which
is located is probably not in the Soutl
THE Chamber of Commerce has accom-
plished great. things for this city, an
the Investment corporation has alrcad
laid plans for vast Industrial devolol
1nent.
The Diversion Scheme a Success:
What has been achieved is small
comrarson with the possibilities
G 1ne near future. Two public enter
prises of the utmost Importance
the development and greatness OF p,
tersburg are nearing completion Or
is under the control OF the Unite
States government. and is known 8
The diversion scheme, a unique eng
1ieering project to control the flood ";
1ers OF the AppomattoX River and
insure depth of water IN the harbt
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