The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-03-31

about that new company was FORM
ed. II Is named the Combined Realty
and Investment Company. and 1t Is
good thing to bring Richmond and
/ Petersburg together. and sooner or
later / think It Will bring them very
much together. The combine brings
Richmond capital and Petersburg cap
ital and Richmond energy and Peters
burg energy all into one great force
that in the end must make things
/ move.
To-Day'a Doinss.
do not know where the Invest
ments of this combination company
VIII finally land, but for the present
they are largely In Petersburg The
company has acquired come 500 fec.
on Bollingbrook Street, including the
Stratford. Hotel. This property Is
above the high-water mark, and the
company proposes to make 1T Peters
burS's wholesale district, inasmuch ms
trackase arrangements have already
been made with the Coast Line peo-
plo that guarantee wholesalers and
shippers a backdoor right on the track,
and high and dry above any kind of
high-water mark.
This combination company has also
acquired large frontage property on
other streets in Petersburg. At Wash
ington and Union Streets the COM
pany has acquired ample grounds upon
which to erect a twentieth century
hotel. I asked one OF the members
OF the company If he thought such a.
hotel would pay Here is what he
said: II have reliable information that
the hotel capacity of Petersburg at
present time IS reduced to ITO rooms.
am further informed that every day
in the week. especially Saturdays.
numbers Of people are turned away,
and they so over to Richmond or any
other old place in which they can find
:odsing and something TO eat "I be-
lievs Petersburg has a constant de-
mand for 200 hotel guests per day
and every one of them leaves good
deal of money in town. Does Peters
onrE want these profitable guests or
does 1T not?" l feared 10 answer the
question, but all the same / am sure
a big hotel on the first class order
Will be mighty big asset for Peters,
burg.
The Combined Company.
But about this combined realty ana
investment company. According TO
the records in the office of the Sto,c
Corporation Commission. tho compnny
which Is composed of at least two
isiSiilioilu TeullS companies and two Df
the Petersburg variety, has n whole
lot OF capital, and some mighty ar
tive young men TO run 1T. The com
pany is really combination OF two
or three, maybe four or five Rich.
mond and Petersburg concerns thar
want to pull together for the early
development of old Virginia, Peters
burg and Richmond, perhaps moro cs-
pecially Petersburg. vhe comsany was
organized on the 18th of February. with
capital stock OF so5O.000. The follow.
ing well known persons are among the
officers and stockholders of tho COM
tny.
James e cuthbert. president OF
Pyle & Co. and Petersburg Realty Cor
poration; f. S. Evans, presid .nt of The
Southern Debenture Corporation and
the lnterocean Steamboat Company; r
". IIassiter. presiderl of the First Ma
tional Bank, of Oxford, N. c.. Il. Il
Jones. OF the National Bank OF Peters
burg; H. S. Seward of tn, Seward
Trunk and. Bag Company, Petersburg;
3. t. Jellison. purchasing agent of the
Chesapeake and Ohio Railroad. Rich :
n1ond: j. Popo Nash. OF Golsan T. Nash
real estate agents Richmond s. H