Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1917-09-07

Ono support We had. our city, our
beloved city. managed somehow to rake
together enough money to pay the in
torest on It's public debt (the debt then
amounting to $1.soo.ooo). to keep faith
! (amidst all these horrors) with those
who had trusted her. Having to go
ened by this achievement OF our city; 1t
helped me in my business. Like ST.
| Paul, 1 felt that 81 was citizen OF
| no mean city"
SUPPORTING CIVIC ASSOCIATION IN
EFFORT FOR GOOD GOVERNMENT
Who can estimate the value of good
faith? BY 1867 something like order
had come out Of this chaos. We had
cotton and tobacco. which all the world
wanted. and two banks started by
Northern men. We wanted something
to lean on and take stock OF affairs.
| such as the settlement OF controversies
over Confederate debts and other debts,
ETC.. and we met and formed the bo-
ginning Of this body (The Chamber of
Commerce). Some one else will tell you
OF what has been achieved.
In conclusion. 1t warns my heart to
| know that you are supporting the Civic
Association in the effort for good gov
eminent and proper and safe financial
careless and reckless expenditure. 1t is
SO easy to spend other peoples money
l have told you that under awful
conditions felt {among strangers)
clothed with credit of our beloved city,
| and that it was help in time of need
All honor to our fellow-citizens who,
unselfishly. are trying to preserve the
| nish credit or our city, maintained
since II was founded. and mistaken by
war and its results. Let me assure
you that unselfish work for the good
of the community will not be In vain
| and unappreciated.
WORKMAN SHOWS HOW
CITY HAS MADE PROGRESS
| Turning from this picture OF wars
ruin, President Coleman Workman gave
the following statement OF the city's
| growth in fifty years:
| am sure every one present was
much interested in Colonel Palmer's
description OF conditions In Richmond
just after the war. and 1t nils us all
with pride to remember that, although
our city waS practically penniless
enough money was gotten together to
pay the interest on its then outstand-
| ing bonded Indebtedness OF S1SOOOoo.
| so that our city. even in adversely, took
| care OF Its obligations and thereby
established the high basis OF credit
| IL hoo Ndu tfot lnaI Time TO
this.
In 1867 our population was $4,000,
and the value OF our real estate and
personal property. $23,O0o0o0. To-day
our population is 10000, and our as
sessed values s2o2.000,0oo. with an out
standing bonded Indebtedness of ST.
100000. OF which 100000 is held in
the sinking fund.
J In 1867 the consumption of water
| was 64t.o0o.o00 gallons. We now use
annually 5.oo0.000,00o gallons Of water.
| When the war closed In 1865 Rich
| mond had no banking resources. In
two years a number OF banks had been
started. three OF which are still In
business to-day-the Union Bank. the
First National Bank. and the Planters
National Bank. the combined capital
| Of which. fifty years ago. was less
than 100000. To-day We have TWEEN
ty-two banking institutions with capt.
tai and surplus OF about $4,000, 900,
| and deposits of over sS1.0o0.ooO. with
annual clearance of $3.50, 600. 900, not
| including the clearances of the Fed
eral Reserve Bank. agsregating ST.
322. 600. 900.
| There arc in the city OF Richmond
| twenty-seven parks. with an area OF
500 acres. 500 miles of streets. 341 miles
of sewers, $4,000 telephones. an annual
gas output of 713.00o.0o0 cubic feet,
| forty-five public schools. $1,000 schol-