The Richmond Virginian. (Richmond, Va.) 1910-1920, 1910-03-19
FINANCE SECTION
REMAINS STABLE
. Tai Buildings Are Still Rising in
Heart Of Dis
triet
-----------~--------------r
MILLIONS REPRESENTED
IN BANKING HOUSES
-------------------------
Sky Scrapers With Vast Amount
Of Floor Suace for Offices
Attract New Guinness
to City.

II IL a well accepted fact that cities.
like empires, tend westward in their
growth.
II IL also fact that financial and
Wholesale districts 81 cities remain
stationary as rule, and the rule
may perhaps be applied nowhere more
fcrrfbiy and impressively than in
Richmond
Rich.sond's residential district has
grown westward rapidly in recent
years. ana Inc same trend may be
noted In its retail stores. particularly
along Broad street. These stores. Ga
necessity. follow the trend OF the
city's expansion. 4.
Such - not the case, however, when
Il comes to the matter of Richmond's
financial district. and Its wholesale
district. With few exceptions. prac-
ttcally all the banking Institutions
are grouped along Msin street in close
prv1tmity The strelch Of half a
dpzen blocks embraces nearly a score
IT banking houses that represent cap
HAL bordering on six and one-half
million dollars. and there Is nothing
to Indicate that this center 81 finance
VIII be affected by the westward
growth or the city. In fact. there Ia
4yidcnce to shnn that the trend points
the other way. For instance. the
1sirhmond Building Corporation
shortly begin construction on four
tcen-story skyssraper on the north
side 81 Main street. between Eleventh
and Twelfth streets. This location N
several blocks TO IN. eastward Of tn.
cites OF the Mutual and American
National xkyscraper buildings. located
In the visinity ~ Ninth and Matt.
gAsfeets - - 9 = - !. -
Easy 10 Fiji Up.
The proposed new fourteen stors
building gives additional evidence OF
! the confidence Rienuond's financia
interests repcse In this particular sec
ticn. One OF the floors OF this struc-
+ tnre will be occupied by the Virginia
tucEtru HI Tenth Hn1
Main streets The Western Union
ieiearzph Company will occupy an
ethers4i5or. The company promoting
md building the stl scture anticipate
no dtf5ieuity in securing occupants for
the entire building. In fact they ex-
pect 10 have all the floor space en-
gagged by the time Of its completion.
u not before.
Another evidence OF the absolute
stability Of the Ana aefai district h
found in the fact that the new post
ONCE 10 to he erected son the site OF
che old government building. ON the
north side OF Main street, between
Tenth and Eleventh streets SIREN
! nous efforts were exerted in many
quarters to have the new postoatice
4 erected ut some point on Broad street,
bit these efforts were to no purpose.
Workmen are now engaged tn rails
lnes buildings Immediately adjoining
Iii old pcstoffice to the VEST 70 pro-
vide more room for Uncle SANS new
building that 10 10 cost In the neign-
4 " heed before completion. Contracts
Tor the major portion Of the work
have lust been awarded. and no time
i will be lost In pushlnE the structure
10 completion.
Skyxcrapcrr An Evidence.
Again. that stability OF this dis
trict may be noted In the Chamber
81 Commerce bui..ing, and the two
fhe vicinity az .inth and Main
streets These are the three largest
! oIIfce buildings In the city.
Twelfth and Main streets may pe
Nrrret.tly termed the center of the
i,pany,AI area In this Immediate sec
/ ijon. most o. the banks are located
and nacst or the rear estate men nave
aIciax Main street N this vicinity ~
t,erhnps - dear a II - anywhere n
Richmond, IL not more %. The terms
& ~ Il deed recorded u few days ago
I showed that the site or the new Ky.
scrn ptr near this corner cost upward
81 $4,000 front foot
Aeisle from STRENGTHENING bushes
! smeady established. erection Of new
1 BflSf6sn9n. such - the tall structures
Y that aTe rapidly changing the aspect
ct Rfchnuond's ky lime. tends 20 bring
NV, hassaness to Z city and thus render