The Mathews journal. (Mathews C.H. [Court House]) 1903-1937, 1911-03-09
- WcA HARD
TO ASSIST ROAD
caAAEBER OF COMMERCE. DfREC.
TORS PLEDGE AID TO NORTH
EESN NECK LINE.
n I Q n ~ o n ID. V

~ = n NJ ~ y II, V A.-SpeClal---
The directors Of the Chsraber of
Commerce. at their meeting last night
not only passed a resolution endorsing
the proposed railroad from boswell
20 the Wicomico River. but decided 10
hold a smoker for the purpose OF
arousing further interest in the en-
terprise.
Many speeches concerning the new
railroad we're made. and after the di-
rectors had fully posted themselves
they unanimously adopted the follow
ing. which was offered by Vice Presi-
dent II. NJ. Darlington:
BE il resolved by the board OF di-
rectOrS Of the Chamber OF Commerce.
That the Chamber Of Commerce will
use its best efforts to raise Sl5O.OOO.
for which the subscribers shall receive
stock in the proposed railroad from
boswell to the WiCOmicO River as per
the proposed route, the distance OF
which is understood TO be between sew
enty and eighty miles: that il will be
mutually agreed between the subscrib-
erS and the railroad that upon the
completion and operation Of said road
10 the Rappahannock River, forty per
cent. OF the amount subscribed to, be
paid and stock issued therefor, and
that upon the completion and opera
ton of the road to WicomicO River,
the balance. or sixty per cent, will be
due and paid for and the balance OF
stock will be issued.
1T is further understood that these
subscriptions will be placed in the
hands 90. trustee to be paid out and
stock rCNti Cd by the subscribers un-
DER the provisions set forth above. and
further. that IL is understood that one
or more representatives. OF the sub
scribers TO this fund should he on the
board of the proposed railroad as
long as 100000 of stock is in Rich
mOnd. and further, that the construc-
zion OF the road shall be started within
twelve "a. onths from this date and
completed within two years time
thereafter
Members of the chanb Der and citizens
generally will be asked to attend the
smoker next week. when a prospectus
Of the road will be read. In the in
term an effort will be made TO aSCer-
tain what may be accomplished in the
way OF getting stock subscriptions. Ar
engagements for the entertainment
were placed in the hands of two com
mittees appointed by President Wood.
as follows:
Smoker and Canvass. Z. Ryland.
chairman; J. G.. Corley. Samuel Cohen.
Gordon Wallace. John c. Freeman.
Prospectus and Agreement-T- NJ.
Jr., ID. A Moncure, G. G. Reed. Spots
wood ]. Allen.
The committees we're instructed to
be as active as possible, so as to give
the project the strongest impetus be-
fore the meeting IS held.
G. NJ. Ward. in explaining the gen
erai method OF financing the road, had
TO answer several pertinent questions.
None of this money YOU are asking
of Richmond Will be available until
the first twenty or thirty miles Of the
road are in operation" said John Nj.
Miller. Jr. How are you going To
raise the amount to do this? We would
like TO know"
Il am going TO take care Of that
part OF it," said Mr.. Ward. You do
not have TO put up any money until
this is done. That is all need say"
w ID. Duke. Of the Richmond. Fred
ericiSsburg and Potomac, spoke most
encOuragingly OF the scheme from the
viewpoint both Of profit TO his road
and 20 the city.
The directors, after the discussion
OF the new road had ended, passed
resolution authorizing the drawing OF
a deed conveying the Chamber OF
Commerce building TO the First Ma
tional Bank Building Corporation for
S2S0.0OO
Business Manager william T. Dab
ney. J. +. Ryland and J. ID. Crump
were named as delegates 10 attend the
annual meeting OF the Southern Com
mercial Congress in Atlanta next week.
Two others probably Will be appointed
later.
The following new members were
elected:
A. A. Adkins & Co. H. {. Beattie.
]. Allen Belvin, Preston Belvin. Jr..
George Med. Blake x Co, Inc. r. G.
Broaddus. A J. DaffrOn. W. w. Friend.
II. V. Gum x Co, Dr. Ernest M.HardY,
James River Furniture and Mattress
Company. w. p. Knowles. w. Kirk
Mathews. Mechanics and Merchants
Bank, John w. Moore, Richard w.
Payne. Progressive Business Building
and Guarantee Company. Augustine
Royal & Co. W +. Seal. Ullman
Bros. b. p. Walden. f. II. Wells.