The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-01-12

from the different commercial cntov.
as TO the advantages and progress of
Richmond. realizing that through this
agency most effective means OF al
Vertsing Will result.
Tho advertising committee has also
under consideration the most import
and advancing the interests of tho
mond products, which 1t hopes TO NIL.
ture in the near future.
The above represents the most I'm
portant matters considered by the COM
inittces of the chamber during the past
Der have all been active in conserving
and adancing the interests of tho
chamber Tnd .S whenever OPPORTUNITY offered
Fair. held last year. was one OF the
most successful ever held In its history
The board of directors of that insti-
the able and intelligent management
which they have given to the affairs Of
the institution. which is a mort import
business interests of the city, partic.
hiarly as 1t relates to our agricultural
communities
or the annexation of Manchester and
Richmond has proved most satisfac-
Tory to our city on both sides of the
river, and that tho improvements made
IN the Southsidc have already resulted
In tho material Improvement to the
| commercial facilities Of our city. The
building OF the new free bridge across
the river Is progressing favorablY. and
1t is hoped to have this important ad-
junct for the Improvement OF the COM
munication between the south side and
date.
Sale of the Chamber Building.
Reference was made in my last an
nual report to the negotiations then
pending for the sale OF the cham Der S
these negotiations, after getting the
prospective purchasers thoroughly in
terested. became dependent upon tho
ability Of the chamber to deliver its
property free of tenants on or before
april l, 1911, the corporations con-
lempiahng the purchase making that
condition. As number, OF the ten
lending beyond April /, some of them
to the first of the following year, they
mad to be provided with quarters with.
out additional expense up TO the time
when their leases expired for Offices
In tlte chamber building. This In
VOWED great deal of labor and some
the tenants met the occasion In mos,
public spirited way. and were willing
10 40 al that could be reasona biz
e ef ,ha a Of them. and the management
can National Bank Building were mos,
Hperai and accommodating in the terms
upon which they agreed TO receive the
chambers tenants in their rcspective
! buildings.
The price for which the property sold
WAS Sa3O,ooo. equivalent to about $3,e5G
| was considered fair value Tor the
property, and the sale was duly rnti.
ned BY the board of directors Of the
i Imu'iioeI' the chamber in general meet
Sseds OF the property enabled the
Sna Ina 70 pay of in full the bonded
ana other Indebtedness on the building
ana a, to redeem the outstanding stock OF
inc chamber. which il was privileged
TO redeem at par.
Whlle the chamber has been subject
| .ime the tenants were moving out OF
me building and in moving its own
9,ilces twice, 1t was q Wise move IL
a ms h,, 81 this property, for. although
me building was erected In 1893. nc.
eompiished its purpose in fixing a high
IT Standard Tor office buildings than
c .hen existed, and IN aTording the
chamber commodious quarters for 4
number of years. yet as compared with
Tue more recent buildings it was out
Sf GATE. and tho time was near al
! hahd when in competition. with tn,
! more modern structures it's Operations
would almost certainly have cntuileG
heavy loss Tho organization i.
iSin are to be conSra tulated upon re.
J responsibility and at tho same tim,
iinrthoring the erection of tho ITirst
N s,ntist Bank Building. a splendid
completed. will be occupied by tn,
frnret National Bank. tho ofices Of ill.,
pany and those of tho Richmond TSreI,
srlcksburs and Potomac Railroad, ani
IN which the chamber hos been as.
smrGa o. suitable quarters. Thank.
re richly due. to your building com.
h.lttee, the finance committee ana III.
executive committee for their intel
mseht and untiring efforts to consuta.
| ,ua ms important transaction.
RUG Chnmbcr's Relations with the CIT,
sDuncii una with Other Organizations
II is source OF unqualified pleasure
, 10 state that tho chamber has en- loved
, most most HARMONIOUS relations with Tho
10y council and business and CONNER.
GA ORGANIZATIONS of the city. Tho
SltY Council has always shown !. mos;
! friendly and tu-opcrntlvc spirit viii
mcaShrcS advocated by the chamber fol
nc upbuilding and advancement of lhs
Go ' ana material interests oil
'he community. and the pleasant apd