The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-05-15
FUND FOR HIGHWAY
EXCEEDS $4,000
CONTINUED from First Page)

called upon a banker and put the mat
ter Of building the Richmond wash
ington highway up to him as n busi~
ness proposition. one that would not
only be a great public benefit but q
good investnle mt. The banker de-
cl!ned to take any stock, but offered
the gentlemen who called upon him
s1oe, remarking that he did SO simply
because they had taken the trouble to
call upon him. The money wHs de-
elined, the spokesna for the commit
tee saying that they were not asking
donations but subscriptions for stock
In business enterprise, The mem
hers or the executive committee are
Henry W Anderson, John Stewart
Bryan, John G.. Easiey Robert r. Ali
port, Capt p ST. Julien Wilson.
Preston Belvin and Dr, Ledenberg.
No Dividends for Shareholders.
However. there Viii be no dividends
declared for stockholders in the Rich
rnond- Washington Highway associa-
fton The association was ineorpora-
ted ga that 1t would have the state
back Of H. standing In law. The char
ter granted ii enables II to make con"
tracts with the various counties
through which the road TO Washing
ton viii pass. not only for ia build
rug. but for itz maintenance, 1t has
!. bear given .faatlssSips.iuqa as&hts Scr q
roadway TUo feet wide. - trc rttst-tt-
holders have Votes in tho business OF
the corporation according TO the
number Of shares they hold bur their
subscriptions simply furnish funds to
assist in the building of the highway
and to maintain Il.
TWENTY per cent of all the money
subscribed is set aside for maintain
effcss fund. for IL 81 ftei the purpose
Of the association 20 build the highway
and then let II wear out. As the maxi
,r,st2ssa capital stock al ysestnt .ig Slgo,I
900, and IL is the purpose of the assoc
citation TO raise that amount before I'M
dertaking the work Of building. at
least $50 600 will be set for maintain
enee and the interest on this sum is
expected to go Il long way TO keep the
highway In proper shape all the year
around
Psthfndlna Trip.
At the meeting yesterday Mr.. An
derson announced that the executive
committee woufG make q trip To Wash
fngton shortly 10 lay elit the route.
Secretary Airport has been requested
to obtain the serNiee4 Of A. T.. West
gard. field Representative OF tho Amer
tcan Automobile association. regarded
as perhaps the best road map maker
IN America. to map out the route The
periy viii leave Richmond next Tues
dav, II possible. u was p'annoa at
first TO leave Monday but as Captain p.
81. Julien Wilson ends himself unable
10 yet away Monday ii was decided H.
await his convenience.
The pathinding party VIII 20 To
Washington by way of Fredericksbure
nnA ManassAg and return hy way of
Warrenlon. Orange and culpeper.
Whichever route is found this mos,
ads rtsble for the highway Ia regard
to distance and ease in construction,
viii he selected
After the luncheon meeting vester-
day the members OF the committees
Were Informed that .he next gathering
would be held Monday. in the Jeffer-
son. on the eve Of the departure OF
the pathffndins parry for Washing.
ton. II is. expected that the entire
capital stock will have been sub
sc~ibed By tfat time