The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-05-06
CHAMBER VOTES
TO Sell ITS HOME
Committee N a m ed to
Find Purchaser With
Proper Offer.
NEW STRUCTURE
ON PRESENT SITE
Action Was Harmonious, and
Stockholders Are Expected to
Give Their Approval - No
Reference to Price-Build-
ing Not Sold
Yet

Resolving. on motion OF Henry l.
Cabell, that the best interests OF the
Chamber of Commerce will be pro-
noted by sale of the present building
and the ground on which 1T Is located"
the members of that body unanimously
determined yesterday a most important
step in the history of Richmond. Whiie
the stockholders must also pass on
the proposition. there Is little or no
doubt that within short time the
present Chamber OF Commerce prop
erty will pass into other hands.
1t is felt that upon the site OF the
existing structure, once SO imposing
now practically an old building, there
will rise modern and adequate
creation worthy of the central loca-
tion of the Chambers future.
| In this building, it is expected, the
Chamber of Commerce will have its
quarters. Such an angement. of
course. remains to be made with the
| new owners
! Left with Committees.
| In accordance with the resolution,
| the combined committees on finance
and on building and the executive
committee will proceed to look for a
| purchaser ION the best terms avail
able" 1t was distinctly stated that
I
The stockholders or the Chamber
were called to meet on May IS to
take action on the proposition to sell,
| Inasmuch as the stockholders We're
largely represented at yesterdays
Imeetng there can be little doubt that
their decision Will be the same as that
of the active members. Besides, their
interest in the sale will. IL anything.
be little more active. because by
a deal at profit they would at last
q inv ee~
ment which they originally made. and
for which they have never received
cent.
The meeting was entirely harmo-
NOUS Not a voice was raised in on
position to the Caben resolution, the
only. discussion being over the selection
nt the agents OF the chamber in hand
osition before they arrived. and II
there We're any who doubted the Wis
dom OF the proceeding, they had been
won over in advance.
Majority on Hand.
First Nice-President Tazewell NJ.
Darlington presided. After Secretary
Dunlop. had read the call for the meet
Ing, which stated its object, a com
a. a quorum was present and represented.
This committee reported that OF 7Is
members. 524 were present in person
or by proxy.
=
ment He called attention to the fact
tHat some members, who are socially
known as the stockholders, had put up
: fSI.ooy 6is ths on the the present property. From
sVen interest. The arguments for a
new and modern building, In view or
M me other structures which have gone
.bs lp IN nctins iate Years; were gone over BY
Wlthout any argument. Mr.. Cabell
offered the following resolution, which
vas wEsnsal wfEssoaaed tSys fy O board m
and directors of this chamber
nas caused this meeting 10 be
called and held for the purpose
of considering the advisab;lity of taxi
Ing steps to dispose of the present
building of the chamber and the ground
desirable terms obtainable. as recon-
mended by the building committee of
the chamber;
Therefore, be it resolved by this
meeting:
3 Ths5 hat, the he sss interests Of the
the present building OF the chamber
and the ground on which it is located,
as. recommended by the building COM
mittee, and that a meeting of the
10 be held in the hall of the chamber
on May 90, 1910. at 5 o'clock P. NJ. for
the. purpose of considering and dis
posing or tElS matter. af
"(2) That in the event that said
Meeting of the stockholders when held
hall concur in the foregoing recon-
nendation, then this meeting further
ecommends that the question of dis
N which it is located be referred to
he executive. finance and building
ommittees of the chamber. with power
o dispose OF said building and the
round on which it is located on tho
Obtainahle
nance and building committees TO re-
ort to adjourned meetings OF this
ody, and of the stockholders, respec-
lvely, their action hereunder for con-
rmation or rejection.
lS) That this meeting be adjourned
nth O'Clock P. NJ. June 2, 1910. at
his place"
The committees to which the sale II
ows: Eaecutive-H. w. Wood. chair
IAN, Tazewell NJ Darlington, Z. 9.
aird, John NJ, Miller. Ir.. and W. r.
eed; Building--George I, Christian.
ordon. w. c. Noland and w. NJ Wood
ian; afc Il L. Gabel s. f Il Masss Ma@es ehaiz E.
[orris and S. W. Travers,
Size of Committee.
John B. Purcell suggested the de-
rability Of smaller eommittee
on to the fact that although IL would Vi
e-t3mposed OF fourteen persons, it| '5
ould easily delegate any part of its
'orl to a subcommitte.
In. answer to an inquiry as 10
neither this committee would have
over to close a deal for the sale. 1t
as explained by Judge Christian that.i
could make an agreement subject
the approval of the members and
the stockholders. He had thought
best to put the matter up first to
10 resident members and then TO the
orty q nf
II, there would be no possible crit
ism later. The final meeting TO
fifty the sale, il was stated. would
held after notice had been printed
the newspapers sin times a week
IT two weeks.
Colonel John Murphy moved as q
Institute for the pottton Gf the Caheil
solution referring 20 the personnel