The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-09-27
CHAMBER TO AID
new COMPANIES.
Plans to Offer Financial Lift to
Industries Which Might
Locate Here.
MOVEMENT PROGRESSIVE
Business Men Will Take Stock
and Welcome High Stand
ing Enterprises.
M ovEiMENT PROGRESSIVE

Meeting yesterday in special session,
OF Commerce launched n most impor-
tant movement for the further de.
velopment of Richmond as manufac-
turing city. IL Is proposed to organize
q stock company which shall be conl-
posed of members of the chamber ana
which will furnish tnKncial assistance
to industries desiring to locate In
Richmond. The movement is one Of
the most progressive ever inauSu.
rated by the chamber and bids fair
to reach a successful elimination.
The specific object OF the proposed
company, us set forth in the report
OF the Committee on Business Enter
prises, Is to take advantage of the
opportunities now being offered TO
bring new industries to this city. ."ne
purpose of the company would be -
need additional capital to enlarge tneir
business or to develop new branches.
Reason for Plan.
The plan is suggested especially be-
cause numerous industries in small
places are looking to Richmond az
Offering many inducements in the way
OF ample banking facilities and adj
vantageous freight rates, also to the
advantages 1t affords as a home city.
and, very naturally, they hope for an
enlarged business and, therefore, more
capital is accessory.
1t is pointed out that often In tie
case Of industries seeking individuals
to put in money, the persons with
convenient capital. having no knowl-
edge of the particular business, de-
cline to enter into the proposition and
thereby are forced to neglect an OPP
portunity to further their own In
terests and at the same time to assist
in bringing a paying industry to the
city.
1t is believed that If company could
be organized into which philosophical
citizens would enter. each individual
member subscribing stated amount TO
take stock IN the new enterprise. IL
would not only develop into a good
paying investment, but would also
prove OF tremendous benefit to the
city. 1t Is pointed out that the very
fact that such company existed would
attract to the city many concerns
which might be looking for just such
opportunities to better themselves both
as to location and resources. An added
inducement you'd be that, represen
tative citizens being interested. the
new industry from the start would
thus be practically assured of the good
will and support OF the whole com.
nlunity.
Help tn Business Way.
Another 2cint in favor of the pro.
posed company is that any one would
prefer seeking assistance in the busl-
nesslike way through a representative
of such company formed for this
specific purpose rather than by making
personal appeal, which is always at.
tended with more or less embarrass-
mcnt ana some times with unpleasant
ness. 1t Is recommended that if 1t be
formed. the company elect It's own Of
hcers and strong board of directors,
representing all different classes OF
trades and businesses, with possibly
an executive committee. With this
arrangement when proposition came
| up it could tc handled intelligently by
consultation with some one board mem
Der who was acquainted with the par
| tcular business involved.
| A plan for the organization of such
company mas long been advocated
and 1t was received with enthusiasm
by the board yesterday. A committee
was appointed, composed of President
| Henry w. Wood, Nice-President T. NJ
| Darlington and Business Manager
william r. Dabney. to further the idea
and to complete arrangements rre-
paratory TO organization.
To Exhlbit Home Products.
The Committee on Business Exten-
| sion advised the board that 1t is con
| sidering the formulating of plans C
establish permanent manufacturers
exhibit as outlined some time ago, nsc
that 1t is considering an exhibition IL
the retail stare windows, for a period Of
one week, of goods manufactured ir
Richmond with an idea of educating
Richmond people to home products ana
of inviting cut OF town people to at
| tend.
The board authorized the presiden
| to appoint three delegates to atten,
the National Conservation Congress;
which Is to be held in Atlanta Octobe,
rs One OF these delegates will b'
II. G. Laird, who has also been ap
pointed by Governor Mann to represer
the State.
Three new members Of the Chamoe
were elected, Joseph r. Allen, D, D
.MacGregor and Noonandson Realt'
| Corporation.
i