The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1914-09-20
CLYDE LINE PROPERTY
MAY Be BOUGHT BY CITY
Estimate on Value Of Waterfront
Site Will BE Submitted TO III
nance Committee.
ADD TO PRESENT HOLDINGS
Valuable Land Adjoins Other NUM-
cipal Real Estate, and Would Give
Wharfage Facilities of More Than
Quarter OF Mile

Chder instructions fronl the old City
'"uhcii. an estimate on the value Of
inc disuscd Clyde Line property, adj
Joining the municipal wharf. will be
submitted TO the Finance Committee on
"oHiaN night By City Attorney II. X
'"iiaf"- The Committee OF Dock, Riv-
81 anu Darbor has recommended the
pufch's" Of the property. and it is
I'o"abic mat ia" old wharf will b.
au"e" I" The city water front holdings,
an advantageous price can bo Sc
curch from the present owners
In" clyde Line property is considered
|" De IN" most valuable piece OF water
if"ht"I" In richmond. the channel be
'hE letter there than at either the old
dominion or the city Wharf The
property has frontage of 81. feet
ana an average depth OF 200 feet am,
adjoining the other city propertv. il
would AFFORD municipal owned wharf
age itcliitiea OF more than quarter
INCLUDING GIFTS Creek. which divides
the two wharvcS
PRESENT WHARF IL
BECOMING INADEQtA ATE
business along the water front is
increasing yearly. and IL can now be
readily seen that the present wharf
VIII not long accommodate tho rapid
growth AT one time this week there
"cr" nine larg" barges and four light.
"rs "ischarSing cargoes. in addition to
The smaller craft in the citv dock the
tvs" passenger lines and the city tug
"hd dredIes, which added 10 the con-
gcstion.
The CITY Wharf. which has a front
age OF 80 feet. is already too small
for use when large barges are in port
as II IL used by the city tug and small
er craft Only last week the Thomas
cunningham, Sr had 10 anchor in the
channel FOR several nights while the
barge Potomac discharged it's cargo
This boat brought .G33 tons OF asphalt
paving bricks to a local concern. Will.
ave other vessels this year have dig
charged cargo"s ,otaling more than g.
GOO tons. liz addition TO the goods
coming into the port, "a number Of
cargo.s of coal and lumber have been
shipped from the wharf while all pleas
VI" craft. including yachts. always tie
up there in preference to entering the
city dock.
~ PRESENT CONDITION
WHARF COULD BE USED
The Ciy'ic Line property has not been
used for more than nine years. the
company having discontinued steamers
here about that time. The wharf
proper has fallen into decay. and
would have To be replaced before IT
could be used for loading or unload
lhE. but II would be Suita ole in its
present condition for boats to tie up
10.
II - not known what price the
owners have set on the property, al
though IL j. probably i'm the neighbor-
hood Of SiJ.0oc. several years ago
condemnation commission valued it at
$4,000, hut since that time property
In the neighborhood hus grown in
value. and the clyde Line wharf has
been Enhanced by the improvements
/ made by the city TO It's own property.
The city has also done considerable
improvement on The streets in the vi
ciniiy OF the property, which have in
creased its value To some extent.
The property now stands In the
name OF Herman J. Cook. OF New York
Mr.. Cook * treasurer OF the Equitable
Trust Company, bondholders OF the Old
Dominion Development Company. which
went into IA receivcrship TWO years ago,
and whose holdings. including the
wharf and the Clayton Mines. was sold
1t public auction. the whole bringing
the sum OF $4,000
While the price TO u" named by the
CRY Attorney may not be considered
by the Finance Committee, il is prob
able that he Will be Instructed 10 enter
condemnation proceedings TO acquire