The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-01-27
OFFER
IS MADE FOR
CHAMBER SITE
Railroads and Bank Unite irr
Accepting Property at
Price Fixed
THEY MUST HAVE
POSSESSION BY
FIRSR OF APRII.
Also Stipulate That Assurance
of This Must be Given by
February 1Oth-Condi-
tons to be Wet

The giant skyscraper building al
Ninth and Main streets Is assured,
and IL present plans are carried OUT
work ON the twenty story building will
begin about April 1, 1911.
The First National Bank, Cllcsas
peake and Ohio Railway Company
and r., +. a. Il. r. X. have agreed
To take the Chamber of Commences
building at the optional price recent~
iy named, s230,oO0, provided possess
sion is given not later than April 1.
1911. A further provision states thar
the bank and railroad officials muse
be advised not later than February
10 that their offer Is accepted. These
conditions, IL Is pretty well settled.
can and will be complied with.
IMPORTANT UNDERTAKING.
The practical assurance of this
building IL the final accomplishments
OF one Of the biggest enterprises ever
undertaken in Richmond and Is far
reaching in It's business scope and
possibilities.
structure, the tallest building OF the
kind In the South, will forever ret
at rest the frequent talks Of the re-
mosai from the city Of the Chesapeake
and Ohio Railway Company's Offices.
Ii Is recognized In the business world
OF Greater Richmond that the loss
OF these Offices would be q great ca.
amfty to the city.
As a matter OF fact, the original
plans for the erection of a great off,
fee building was for the purpose or
securing a permanent home for the
big trunk line railway that now COM
troll it's own track from Newport News
to Chicago. and is one of the leading
railroads of the country
Cincinnati has made repeated eff
forts to receive the Offices OF the
Chesapeake and Ohio Railway, and
have offered many Inducements, bur
President Stevens prefers Richmond.
and has always said that with equal
opportunities and advantages here he
would not move to any other city.
Many suggestions have been made
to the Chesapeake ano Ohio Railway
officers. but not until the proposition
to purchase the Chamber of Conn
merce building and erect ON the sita
q modern structure with ample quar-
tiers for the Chesapeake and Ohio
Railway Company has any suggestion
met the approval of President Stev-
ems.
Subscribe to Stock.
President Stevens was authorized
by the board Of directors OF the Chess
apeake and Ohio at a meeting held
in New York to subscribe for the
railway company to the stock OF the
syndicate which proposes the erection
of skyscraper office building In
Richmond. as a permanent home for
the general offices of the Chesapeake
and Ohio, Railway. the. Richmond
Fredericksburg and Potomac Rails
road and the First National Bank. Mr..
Stevens says he has been given fnik
power to act for the company, to-
subscribe for stock in the syndicate
and to represent the company In the
selection of plans and location. Pres~
ident Stevens thoroughly approves oe
the Chamber Of Commerce site.
| ~~<H VIII Meet Conditions. ''ss.'s 4
There seem sto be no doubt that
the conditions set forth by the SYM
dictate will be complied with and that
tenants now In the Chamber of Com.
merce building will willingly vacato
In order to assure the erection OF the
new skyscraper and the positive as
surance OF keeping In Richmond the
Chesapeake and Ohio Railway CONF
pany's office.
While tenants In the building hav6
not as Yet been approached on thu
subject. the fact that they can got
other and equally as good quarters
is strong ground for the belief THAI
the chamber will find no difficulty in
securing a release from all tenant
contracts.
1t Is very likely q meeting OF tho
executive committee from the Chams
Der Of Commerce will be called at once
to consider the offer OF the syndicate
and take the necessary steps to hav-
ing the building vacated by April Z
as specified in the offer made by the
bank and railroad officers.