Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1919-12-05
BANKERS URGE COUNCIL
TO GRANT HIGHER FARE
Thirteen Financial Institutions Take
Rs Up Fight for Virginia Rail-
way AMI Power Co.
STOCKHOLDERS At HEARING
Thirty Women Among Those Appear
ing Before Committee Asking Pub
lie Utility BE Given Relief Pending
Valuation Proceedings.

Thirteen Richmond hanks presented
u. petition 20 the streets Committee
special mou ing. requesting ,hat the
Virginia Railway and Power company
he allowed 10 charSr a straight a-cont
fare, and an additional cents Cor
transfers uNtil 4 valuation or the
property OF tho co-1pany could he
made. w Meade Nddison. .vice-prcsi..
dent or the Fi~s' National Sank O,
Richmond. presented tho petition.
Approximately zoe stock holders OF
Tire Virginia Railway and Power Com
nany crowded the Council chamber in
which the committee mcctin- was held.
There ws-c int7,S women 9mons th.n,.
holders. Attorney II. Vi, smith, j..
Mrs. Charles O. Bosncr and III. /.
Cabell made addresses 80 Tie commit
tion they took ~ regard to The in
crease rs stockholders of :hc com
rany.
Thirteen Banks Sign.
First National Eauk % Richmond
Bank Of Commerce. American National
Bank VIRGINIA TruS; company. Mcr-
chants Nations Bank, NIchmoud Trust
Company, BROAD Street Bank. Savings
Bank of Richmond. Planters National
Bank, National state aud city Bank,
Hil Banh and IL" WrS; End Bank
Besides the seals % these institutions
either the, prcs.dent vice president or
cashier % each affixed his signature.
~ full the petition read:
referring 10 the letter Of the vir-
sinia Halfway and Power Company
dated November -. in which the COM
pany agreed 10 your suggestion with
preference 10 a valuation or properties
as outlined therein. and asked for
prompt action in tho matter Of 'eTi-
gathering straight scent car fare.
and cents for transfers. the under
signed beg 20 urge that YOU give this
matter prompt and favorable CON
sideratiou in the interest az this SER
vice, which - 50 necessary 10 tn"
public.
Quote wnrc Problem.
we understand that tho Increased
revenue derived from the -arc fin
rrease asked for is necessary TO meet
The needs Of the employer. and to put
Inc Richmond employees OF tho COM
pany on the same basis as tho en-
ployees in Norfolk. where q G-cen'
fare and 2-cent transfer is already
IN effect"
Declaring himself a small stock,
n ,,o,Ge in The NiTgimia E,iIway aGa
the committee that the stree; railway
system here had been treated With
l"ss constipation THAN any other IN
lie admitted that the service was not
the best and that it was worse than
that the remedy is in giving the com
p9ny something to work With. With
m" NrrSeHl rate NJ rare in effect, he
declared. there was not even pos
sihtlty Of borrowing any considerable
sum al money.
'Wo'rc willing TO stand the test"
declared Nh Wilson in speaking q. tho
proposed valuation OF the company'S
PROPERTY. nut YOU VIII break tho com
nany while YOU are doing. It unless
. making the vlluatiou'
owned ny Richmond-rs.
~. NJ. Smith. .lr.. was next to sneak
lie arncar"d armed with a hundl. OF
papers which he stated. he carried in
ease The committee wished to ask any
" ms address he stated that outside
Of the stock owned by Jas Gould and
his sister. llclon could The majority
Of the stock OF the company WAS owned
by Eichmondors
Mrs. Charles g Roshcr declared that
Shn did not sec WHY III" public should
the standpoint Of the working women
and although she plainly stated that
she wanted to draw dividends on hcr
STOCK. she dcciarcd that first an in.
crease would make great improvements
I'D inc service o. the company. She
stated th4t She believed that WORKING
women would hc willing 10 annrn,,.
the granting Of the petition If they
Nncw me position OF tn" company
faKinr an entirely different stand
from his fellow StockholdcrS. II L. ca
bell disclaimed wanting dividends on
grant 'he eS.pah%iar Igast bare I%un Iiv
After hearing .t.l who wished In
Spehk the committee adjourned ana
hcld a privat" session ciosctcd with
Director of ruhlic Utilities. Trafford ana
10 a' II