Lexington gazette. [volume] (Lexington, Va.) 1871-1962, 1909-04-14
Mr.. Graham Makes Fine Report
for Board of Trade

Mr.. Graham Makes Fine Report
for Board of Trade
Following are extracts from the
excellent annual report compiled
from reports OF the yarioue COM
mittees submitted to Mr.. <. L.
Graham, president of the Lexing-
ton Board of Trade, and by him
presented to that body at their an
Dual meeting Tues lay afternoon
OF last week:
The Advertising COMMITTEES re-
ported having sent out booklets
and circular letters, advertised In
papers calling attention to tho
many attractions Of our town for
home seekers and summer board
ere. With an appropriation Of
500 from the Town Council this
com mittee is working along slmi
lar lines for this year.
The Transportation Committee
reported having taken up the sub
Ject Of better train service for Lex.
ington and are now making an &C.
tive fight for faster trains and bet
ter facilities.
The Committee on Insurance
have Interested themselves In the
matter of proper insurance rates
for our town and have recently
been instrumental in having an ex.
pert come here to properly rate tie
town. Their report shows our in
surance rates to be as low as other
towns similarly situated.
The Business Enterprise Com
mittee call attention TO the Organi.
Eation within the past year OF the
Rockbridge Building and Loun
Association. two planning and wood
working plants, the reorganization
of the Rockbridge Line & Stone
Company and the opening of Cas-
lle Hill Hotel. They call especial
attention to the great need Of a
high class Home Hotel. where
parents and friends of the mary
young men in our schools can ccme
to with the advantages OF city
hotel. Attention is also called to
the need of electric power during
the day, and believe it can be Sc.
cured.
The Public Improvement Con-
mittee report the new High School
Building in the course Of erection
on the Ann Smith Academy let,
the proposed Post Office Building, a
site for which has been purchased,
and The laying of grauoIlthic pave
ments on our principal streets. The
Board of Trade is urged to do all
in it's power to promote better
roads In this community and
throughout the county.
The Committee on Information
and Statistics furnished a CON.
parative statement Of the three
banks OF Lexington, showing their
resources five years ago as Gem.
pared with the last statements pub.
Iished. These are as follows: In
1904, deposits, 1888, 1923 55; in
1909, $40, 398.57. In 1904, surplus,
s58, 10000; in 1909, $1l2, 10000.
The improvements at Washington
and Lee University during the per.
od of 1904-1909, amount to 1919,
10000. The productive endow.
nent is 500, value of
grounds, buildings and equipment,
342,712.49; total. 81, 252,731.o9.
The attendance of students within
The period Of five years shows an
increase from an enrolment Of 800
20 587.
The Virginia Military Institute
improvements within the period OF
i've years have amounted to $780,
10000. The equipment 10 valued
It 81, 100000, and the annual ap.
is 100000. The
attendance of cadets mas Increased
rom an enrolment Of 286 in 1904
o 355 In 1909.
The Post.o flee receipts show an
Increase from So, 421. 90 in April,
9O3, to S14.716.0O in April, 1909.
The growth of the town in build
ngs. which represent population,
las been unprecedented in the last
ear. Among these buildings are
be new and important ones at
Washington and Lee, the Virginia
iilitary Institute, restoring the
Iorkins block on Main street, the
arge new brick sales stable on
randolph street to meet the grow
ny demands of Lexington's horse
,arket; ten new dwelling houses, :
18th an average cost of 81, 10000,
II quickly occupied, besides
lumber of other less expensive
tructures.