The Richmond Virginian. (Richmond, Va.) 1910-1920, 1916-02-20
THE VALUE AND
EXTENT OF OUR
xa.R. HOUSE
FACILITIES

| Tho first need to the big jobber ana
! manufacturer from the East and the
Weet. who wish to take advantage OK
Richmond's splendid location and who
! desire to transact business here on
large scale. Is that OF legally BOND
/ ed, we'll constructed and properly
managed warehouse. of sufficient d.
( mansions 10 make the handling OF inn
mense quantities OF goods smaiL
matter.
! Richmond Is the natural gateway
/ 70 the Southern states, and the Nir-
Rtnia Bonded Warehouse OF this CITY
has been responsible for opening WIGS
( these gates to the East and Wests
making greater her name each sue"
cessive year as q distributing center.
To the merchant who has an up"
town store OF limited capacity, bus
who Is doing a thriving business. the
warehouse is the easiest and simplest
and most economical solution 10 MS
I nroh,nrn. He Is enabled to buy In any
quantity. which means price saving.
shin his goods to the warehouse ana
ho rid OF the burden OF taking care
/ Of MIS- surplus stock while he conducts
his business.
! The business Of distributing through
Richmond by the large jobbers OF the
Eastern and Western States has de-i
veioped into immense proportions In
fact. so enormous has become This
highly desirable business that NUM-
her nf cars containing vari 'us CON-
modlt,es are distributed. or partly dis-f
/ tributed. here daily, and the Jobberi
/ or manufacturer has been enabled 10
obtain n carload freight rate to Rlch-
l naepd- and less than carload rom
Richmond south.
Not only Is the Eastern and West-
ern tobber saved an immense am ounS
in freight rates each year by Ship
| ping via Richmond. but he IL enabled
to reach his Southern trade in from
three TO five days whereas II these
Same goods had to be shipped In less
thar carload lots he would be caused
delay OF from three to Ave weeks
/ and would ultimately md his South
ern business greatly injured as re-
suit OF such delay. In fact. II -
doubtful IL the Southern merchann
would not look elsewhere and tho job
hers who now enjoy such a splendid
trade throughout the South suffer q
great loss.
The b'g WAREHOUSES. OF the Virginia
/ Bonded Warehouse Corporation store.
unload and reload cars Of freight. dis
tribute pool cars and do general
storage and warehouse business in
connection with their forwarding ar
ranrements.
The warehouse Is prepared TO han
die all branches of business. such as
packing, reconditfoning. sacking and
baling such articles as they are called
on to handle Just as the shipper would
handle them himself Efficient help
! IL obtained and retained and all goods
kept In perfect condition.
The Virginia Bonded Warehouse is-
1 sues negotiable warehouse receipts
! N -
the goods until the surrender OF res
4 CENTS Issued. These receipts are gen-
I orally demanded OF the warehouses
4 when the customer Ia IN need of fnan-
cial assistance, at which time he de-
posts the warehouse receipt with tbs
bank or trust company, securing in
most instances from the bank loan
equal 20 about rs per cent or tho
value OF said goods.
The warehouses OF the virginia
Bonded warehouse Corporation are OF
recent construc tion. which neces-
sarily gives them the advantage OF an
extremely low rate of insurance. espe-
cially as they ara built according to
the IDEAS Of the Southeastern Under
writer's Associations ard can save
their clients q considera BILE amount in
the difference between the rate OF In
suranca maid on merchandise, carried
IN storage ana that kept In the ware
house In fact. II Is 10 any merchants
adyart1En store hi@-sfoas with o.
modern warehouse. The differences
between his insurance taken ont on
goods IN his own warehouse tunless IL
conforms thu plans of-tae AaaXA
mentioned associatiou) will almost re-
nav him the storage charges N addi-.
lion 20 saving him the necessity OF
owning or controlling vast amount
OF floor SPACE. Warehouse insurance
in this city ts being issued as low as
twenty-five and one-haf per cent per
hundred dollars which is an smphaic1
assurance that the construction oc
such a. warehouse Is letter perfect.
\ This same Virginia Bonded Ware
/ house operates under the CUSTOMS
laws. which enables II 70 carry large
quantities Of imported goods in tho
warehouse prior to the payment on
|. tmport duty until the goods are ac-
tuaiiy needed by the owners- Tno
4 UniteR States government maintains
its own storekeepers at this ware@
house who are n charge OF this de-t
partYnent thus eliminating any delay
in the delivery of bonded goods whent
called for. II requires large ware-i
house OF much financial backing andI
w,de business connections to attract
mis- attention from the United States
government, which has to BE- justlnedE
in keeping its own storekeepers on
hard at q warehouse by an Immense
business
i The virginia Bonded Warehouse
CORPORATION, with r. capital stock on
$4,000. consisting of 100000 com-
mon stock all issued, and s60,0nO
preferred 6 per cent cumulative stock.
$4,000 of which has been offered TO
nresen: owners Of common stock. and
a large per cent having been sub
scrihed The present preferred stock.
issue sale Of $4,000 Is TO take cars
of present improvements and extern.
sion; the remaining $4,000 Will be