The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-01-09
Stockholders Drop Divi-
dend Question to Make
That Possible.
CLEARED SIP, 900
LA 81 UCIUBER
Whole Policy Now Is to Provide
Greater exhibition in 1912, in
stead OF ralnlng money tor
Those Interested i'll big
Show-lSew directors
Elected.

No sentiment exists among The stc,..
holucrs OF the Virginia state RAJ. -
soclauon IN favor OF making the lalr
Il diviuenu-payinS ana EenIai enter
prise. An oincial examination into inc
matter oy the stockuoIders, In annual
session at Murpny's Hotel last nignt.
Resulted IN an unqualined Endorsement
OF the poiicy oil the executive commit
tee, wdicn mas been TO devote all pro-
hts to making the fair every year more
attractive anu wiuer In scope.
In aauitiun to taxing actiou in this
question, "a. slocknoluers niIeI three
vacancies the boaru OF uirectors,
discussed IhlormaIiy various projects
LOOKING toward the further Improve
lnent OF the tair. and nearu reports oil
tae e1ecuurc ouiccrs. Inc report OF
the financial committee, read cy the
secretary, W. DougIas Goruon, pre-
scnted an interesting resume OF the
expenditures and Income OF tha 1914
.a:r.
The total income OF the big show
last year was fY6,SS2.iI OF this
amount, S53.536.SB Was derived from
pa;u admissions and the balance from
entry fees, concession fees ana privi-
lcSeS, electric ngnt. attractions and
rent of grounds. Compared with re-
ccipts Of Sg6,sS2.i7 Tor the last fair,
the 1910 cXniuition drew total in
come OF Sig.vuJ. and the fairs or 1905
1908, 1907 and 1906. S60,oee, $4,000,
$4,000 and f37,opO. respectively. The
gain Of $1,000 of the las, ialr over the
one o. the year previous was the larg-
est IN the history OF ,ne state Fair
Association.
'FRONT.' This Year, SI2,434.7s.
After nedncung all expenses, there
remained this year prof, of si2,i3i.1s.
all OF which. according 10 the policy
rcattrmed by the stVcknolnrrs last
niSnt. VIII DC devoted 10 the perma-
nent reserve being accumulated TO re-
tire the cost OF grounds and buildings
and TO the further Improvement or the
! tais. AcEordins 10 the statement OF
the finance committee, the association
has now Il tctai surplus of s2o525.7S
The capital invested in the Virginia
STATE Far, including cost Of land,
buildings and all improvements,
cunts TO the sum of f23s,vvl97, pro-
ridcd from the following sources:
CITY of kichmond. Sil9.it6o,: sale Of
stock. $4,000. and far pronts reinvcst-
Cd In piant, sli.5SS.i0.
BY request " the president, Henry
Fairfax. w r. Dabncy, business man
ancr o. the Chrmber OF Commerce.
presided anu ce!Ieu tue meeting 10 or
oer at $3.50 O'CLOCK. \ special commit
tee. appointed TO ascertain ii ma
: Jority OF the stocknutorrs were pres
ent. reported that 1913 OF the 1850
shares OF the accos!auon were repre-
sented either in person or hy proxy
The minutes of the 1911 meeting were
read by secretary W. Douglas Gordon
and approved. Reports from the imam
cial and executive committees follow
ei.
Fair Drew Many from Afnr,
on behalf Of the executive commit
tee. Chairman j. 7. ANDERSON reported
that the last fair was unusually sue
, cessful III attracting people from dis
, tant parts of the state and from tho
adjoining States. lie considered this
an indication that 1t is growing year
~ In influence, and that 1t is rapidly
acquiring interstate prominence. lie
gave II as his opinion that with tho
argo number OF permanent improve
aents installed, particularly in the
East year. tho expense OF conducting
:he fair Will be relatively lighter in
The future than III the past.
An addendum to Mr.. Anderson's re-
sort was a compilation OF seventy. five
! Expressions OF opinion secured from
business men Of every limo of Industry
IN the subject of the value OF the State
Fair TO the city OF Richmond. The
aual show is Il big factor In spreading
abroad a knowledge OF Richmond and
its products. and in bringing to the
city a large volume of business
Not Moncy-Naking InstItutiou.
chairman Samuel Cohen, of the
grounds and buildings committee. took
exception to MIR. Andcrsons' statement
that the fair will require lighter
comparative expenditure in the future.
! rh public. in his opinion, demands
something bigger. better and more at
tractire every year and to meet this
demand an increasingly great expendi-
turc will be needed. He was strongly
of the opinion that none of the stock
holders desired any financial return
from his investment, and that all were
agreed that the fair shall be a pro-
sressive rather than a money-makinr
institution. Councilman c. II. Radcliffe
supported Mr.. Cohcn's stand and
pointed out. i'll addition. that regarded
purely as an investment, tho city Of
! Richmond was due to profit largely
from the rapid enhancement In value
of the fair site, which before its utilI
cation was little more than worth.
less swamp.
]. T Disney introduced resolution
indorsng tile policy OF the executive
committee In insisting upon the pro.
grcssive rather than the money-mak-
ing character of the fair. 1t was car
ried unanimously. To replace three
directors whose terms had expired,
Henry c.. Stuart, James Ballwood and
a. L. Mcclellan were elected without
: opposition.
Make Exhibits AppronchnbIc,
W. r. Mason suggested thai [! arrange
ments be made which would enable
/ visitors to the fair to reach the exhibit
buildings without running the gaunt-.
let OF the bankers and sptelers that line
Wahoo Lane. and was followed by
(Continued on Second Paae.l