Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1918-08-21
COUNCIL CONCURs IN
BOILER PLANT PLANS
VIII Extend Water Main and Street
and Supply Electric
Current.
PLANT TO BE BUILT AT ONCE
Unsuccessful Effort Is Made Before
Council Finance Committee to Sc
cure Lower Tax Rate for SMALL
Loan Brokers'

At the special meeting of the Com
mon Council. called last night for the
purpose of passing on the propos aG
ordinance extending TO the properly
Of the Newport News Shipbuilding and
Dry Dock Company tho necessary stree:
connections. and water and power IA
oi!itics. the measure. as approved by
the Board Of Aldermen on August ID.
was concurred in by unanimous vote.
The property in question Is situa ted
in Chesterfield County on the south
bank of the james River. and just cast
Of the corporate limits. TO which poirt
the city agrees to make the necessary
extensions The company will make
the necessary connections the work II
bc carried out 20 the satisfaction o.
the city Electrician and Superiutcnd-
ent Of the Water Works The esti-
mated cost to the municipality of the
proposed improvements is s54 40
The contract as approved calls TO-
an extension Of Fourth Street. together
with an eiEht-inch water main. afford
ing water supply not TO exceed $50 =
| 300 gallons Icr day. The supply o..
electric current is limited to l. 600 kilo-
watts.
The city reserves tho right TO canca.
the contract for supply Of water an |
electric current at any time, should it
develop that the drain on these re-
should the government abandon the
project OF erecting the plant The corr
rany agrees 10 reimburse the city tor
the improvements which have been
made.
1t is expected that the work of cree.
ing the new plant will be begun i'm
fnediately. for when the original an
nouncement Of its erection was made
b. tho officials OF tho Newport New.
Shiphuildins and Dry Dock Company.
II was stated that the only thing then
standing in the way was the assuranc.
from the CITY that the necessary 'c,-
provements would be made.
WANTS LOWER TAX
FOR LOAN BROISERS
AT the meeting Of the Finance Corn
mittec. which followed directly uporl
Tn: adjournment Of the Common Coun-
ell Gilbert *. Pollock appeared be-.
fore that BODY in behalf of the loa \
brokers, now doing business in this
city. with the request that the license
fee be reduced from $500 TO 800
lie stated that the larger amount had
been imposed as a TAX previous to
the adoption at the last session of the
State Legislature. of an act limitin.
the rates OF interest and automaticaliy
driving the loan shark concerns" out
Of business. AS the legal rate # inte-
est is now limited TO ) per cent o..
loans OF $50 and less. and 2 . per cent
on amounts in excess OF $50. it was tn.
contention OF the seven concerns no -.
Operating in Richmond that the prcsen:
license fee was excessive
Upon motion OF Councilman Morgan
X. NILS. the proposal to reduce thu
amount was put to vote and adopted,
councilman Fred II. Powell voting f.,
the negative. Mr.. Powelrs contention
was that the tax should be assessed ac-
cording TO the amount of business done
by the individual concerns
Following further discussion of the
above action Councilman z Grn;;
ftaddon moved that the resolution u
rcconsidcred. and the matter was then
tabled. 10 be reintroduced before the
new Council.