The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-02-13
THE VALUE AND
EXTENT Of OUR
WAREHOUSE
FACILITIES

The frst need to the big jobber and
manufacturer from the East and the
West, who wish to take advantage Of
Richmond's splendff location and who
desire to transact business here on a
large scale. lis that of q legally bond
ed. we'll constructed and properly
managed warehouse. of sufficient d.
mansions to make the handling of Inn
mensc quantities of goods a smafi
matter.
Richmond is the natural gateway
10 the Southern States, and the Viz
Einia Bonded Warehouse. of THIS CITY
v has been responsible for opening wide
these gates to the East and west
making greater her name each sue
cessive year as distributing cehtef'
TO the merchant who has an up
town store of limited capaaty, nut
who is doing thriving business, .hs
warehouse is the easiest ano anapi s.s
ana most economical solution 70 ms
nroblen,.g He In enabled to buy In any
1uanttfv. which means price SAVING.
.ni, MI. goods to the warehouse ana
~ rid ~ the burden OF taking care
81 his surplus stock while he conducts
HIS business. .,--.,-
Ths business OF distributing through
Richmond by the large Jobhers or the
Tastern and Western States has DE-
THi0n06 =.
fsrf' "a enormous has become this
h1rS,sv desirable business that a num-
No. AZ cars containing vari ,us COM
nnodfties are distributed. or partly dis
trfOufed. here daily, and the Joiner
ar manufacturer has been enabled TO
nhtain a carload freight rate 10 Rich~
rnond and less than carload from
Richmond south.
Not only is the Eastern and West
fty>rra 40 a N
In freight rates each year by ship
ming via Richmond, but ne Ii enabled
To reach his Southern trade In from
three to I'VE days, whereas X these
same goods had 10 be shipped IN less
than carload lots he would be caused
a delay of from three TO Ave weeks
and would ultimately find his South
ern business greatly injured as re-
suit of snch delay. In fact. IT IN
doubtful II the Southern merchant
would not look elsewhere and tho job
hers who now enjoy such splendid
trade throughout the South suffer Q
great loss.
The big warehouses Of The Virginia
BONDED Warehouse Corporation store,
unload ana reload cars Of freight, dis
tribute ro1t rar5 md do general
storage and warehouse business in
connection with their forwarding ar
rangements.
The warehouse Ia prepared 20 ham
die all branches ~ business, such as
packing. recondi'loniHE. saCktng and
hattng snch articles as they are called
on 10 handle just as the shipper would
handle theu himself Eibcient help
i obtained aud retained and ALL goods
kept "a perfect condition.
Tire Virginia Bonded Warehouse Isl
snex negotiable warehouse receipts
Z, j.. I'D I'm re 10 holding
the goods until the surrender Of re-
,.oit,'x ixsuad These receipts are gen
.esli. dema ded Of The warehouse
when ire customer is IN need of finan-
TAI assistance. at which time he de-
4oSits fbe warehouse receipt with inc
hank or trust company, SECURING IN
mes. instances from the bank a loan
suusi 10. about IS rsr cent Of the
value n said goods
Tho warehouses of the Virginia
Bonded Warehouse Corporation are or
recent construction which neces-
sarily gives them the advantage or an
extremely low rate af insurance. espe-
ciaily az they are built according 10
the ideas Of The Southeastern Under
writer's Associations and can save
their clients a considerable amount In
the difference between the rate OF In
surence paid ON merchandise carried
IN storage and that kept in the ware
house In fact. II is 70 any merchant =
ADVANTAGE 20 store his goods with
modern warehouse. nc difference
between his insurance taken out on
goods In hts own warehouse tunless II
conforms 70 the plans u the apove
mentioned associatton) VIII almost re-
nav him the storage charges in eddi-
t,on 10 saving him the necessity Of
owning or controlling vast amount
cf floor space. Warehouse insurance
in this city is being issued as low as
twenty.two and one-half per cent per
hundred dollars. which in an emphatic
assurance That the construction OF
such q warehouse is letter perfect.
This same Virginia Bonded Ware
house operates under the customs
laws. which enables IT. TO carry large
quantities OF imported goods In the
warehouse prior to the payment OF
import duty until the goods are ac-
tuaily needed by the owners. The
United States government MAINTAINS
IN own storekeepers at this ware
house VINO are In charge or this de-
partment, thus eliminating any delay
II the delivery OF bonded goods when
caleb for. It requires large ware
house OF much financial backing and
VIA. business connections to attract
this attention from the United States
government, which has to be tnstined
: IN keeping It's own stoTekeeTers ON
hand q q warehouse by an immense
business
The virginia Bonded Warehouse
Corporation, with capital stock OF
$4,000 consisting Of 100000 COM
mon stock, all issued. aud sbo.opu
preferred per cent cumulative stock,
$4,000 of which has been offered 10
present owners of common stock. ana
large per cent having been sub
scribed. The present preferred stock
issue sale Of $4,000 is to take care
OF present improvements and extern
sion: the remaining $4,000 will be
held as treasury stock. to be used for
the future developments made neces-
sary by the continued growth OF the
company.