Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-02-11


lurthe! Increase Of siXty-thrcc new
members. which brings the total to an
even 100.
Concerning the business conditions
or Rich,nond. Mr.. Reed said:
AS the figures have been published
In detail through the press ! am going
10 call your attention only to "A fcw
facts. which show III uo uncertain
terms. the condition Of business in
Richmond.
I'm 1915 our bank clearings wcr.
1857 ,2Gl.33o an increase OF a7i5 per
cent over 1914
"On December 81. 1915. our deposits
were S3S.i45.s2a.oS. an increase Of aiS
pc! cent over the corresponding date OF
1917
EMPHASIZES SOME STRIKING
INCREASES OVER LAST YEAR
Il wish to emphasize these increases
Owe! the same date Of last year
clcarings. - per cent
deposits. q pcr cent
our banking capital and undivided
profits were si2,65i.l23. an increase of
ABA per cent.
Our jobbing sales were s7o.s33.5ej,
an Increase OF .02 per cent,
our manufactured products were
s?e.1'6.753. AN increase OF lG pei, cent.
discounts Of tho Federal Reserve
Bank "cr" Sa7,37C,ll7.7a
Internal revenue collections we're
s7.fS2.7S4
Duties on imports we're s77g.ol5.
PIG
The assessed value OF real and nor.
sonhl property was sls5.OGo 600
lie paid high tribute 10 X: ~ Duulop.
who died last February. after having
been secretary since 1889
CITY GOVERNMENT AND
CHAMBER Cooper tTINt.
MI. Reed ncX: spoke Of the co-opcra-
non OF the city government ana the
chamber. The Mayor. tho members Of
the Administrative. Board the CIV
Council. the Board Of Aldermen. and
the city Attorney were thanked II.
explained THAI I'll" chamber considered
ia" question OF additional spac. ana
facilities for the Richmond post.
once pressing one. Il was through
the chamber. II" sand. tina, tho initia!
APPROPRIATION Of SijU.pgO WAS mad. for
the siio at Eleventh street
Mi Reed then told OF tho work Of
the INLAND Trad" Committee and Tr,f
nc bureau Recourse to III. State and
interstate. Commerce Commissions i'm
questions involving freight rates was
urged This Is an inevitable ncc.ssitv
MT. Reed said. The employment Of
skilled counsel In lighting frcirh, rate
cases was urged, ana further that the
members OF the chamber bc no, assess
." lhoiTihuaNy to give To any special
'aus" was recommended lie recon-,
'nehHcd also tina; an approximation b..
ElNch the committee I'm order 10 tiyb,
these freight cases
HENIi:WS WORK or
CHAMBER COMMITTEE
Then the work OF the various com
inlttccS WAS reviewed.
Mr.. Easlcy. chairman of tho Roads
committee, is also chairman OF q snc
'iai committee working i'm continuation,
~" +" committee from West Poin, and
q committee OF bankers from Rich
inond, with view Of building , r,u
ROAD from West Point To UrLanna. rhc
woih OF cons, ructins this road :, III
possibly be concluded this wear
me agriculture committees has done
.'."' ''h' WORK IN conjunction with the
southern settlement and Dcveloumcn,
organization. settlement of differences
",l",ch tAc local dairyncn and the
Guy mas been brought about and !,
curry into III" Richmond coal d.iIr
mas been The important work OF this
committee. '''''
The legislative committee. of which
Hr'h"f NJ. cannon is chairman. has
presented facts and arguments TO the.
i-cEiS!a'nrc TO cause tn" abandonment,
Oh number Of bills and amendments
l" others. which, if enacted as lave
would work 10 the harm Of tho con-
monwcalth. The committee is AZ wor,.
dai!N examining bills that com, hofo-o
the General Assemble
inc advertising committee publishes
lhchmond." the monthly magazine of
'he chamber. The benefit this puhu
'H''"h docs is obvious. The conven-
ION committee was haudicappcd durino
the last year because of Tho Mo ra;,
IN san Francisco. but in 1916 eynects
10 have several large conventions hove
ne committee on streets. roads ana
'arkS worked hard for the opening of
Monument Avenue
DAILY TRAIN SERVICE
FHoM RICHMOND no IIOPENtJJ
Nhothcr special committee was an
pointed" says Mr.. Reed, TO confer
with the railroads with a view of on
.h'nlhs DAILY train service between
Sichmond and the fast-prowin,, ,,u.n
of Ilopewell. The result is In, w.n
now have direct service OF three tr,ins
i day In each direction, and ! am re-
'iaplE informed that they are we'll
patrohHcd ana arc on paying basis
Hhothcr Specia! committee was an
pointed and called Il meeting i'm con
Junction with the Southern Settlemen,
ana development Organization. with
Headquarters at Baltimore. Govcrnn,.
stuart also called Il meeting of III,
representatives, from the entire state
Iookin" TO the permanent organization
OF Virginia branch of the Southern
settlement and Development Orcanjz,.
tion, with the result that such branch
has been formed in Richmond. and 10
under the able management OF F.
Dickinson
bright PROSPECTS ron
STATION FACILITIES
Concerning the union depot. he said:
I'm my report last year discussed
union depot for Richmond, and stated
that hoped that in the course of the
year concrete plans would be arranged
which would be satisfactory both to
the railroads and to Richmond. had
in mind mt that time Il compromise
proposition: that OF bringing the local
trains Of the Norfolk and Western and
Coast Line into Fifteenth Street Sta
ton. and the building of n station at
the Belt Line and Broad Streets, for
the fast through trains, to take care OF
the needs OF Richmond for nifty or
hundred years to come, thereby avoid
ing n backing-in station and insuring
to Richmond that all trains North and
SNfff1 would AZ