Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-01-26
RICHMOND MERCHANTS
SOUND PROSPERITY NOTE
President Sci,wuIZSchild Declares
Conditions Only Need to
BE Adjusted.
ANIMAL MEETING is HELD
Board of Directors Considers RcSo-
luton Providing for Community
CluhhouSc-GO On Record for
Improved Roads in State.

Until prices wages ana costs bal
ance again Hchmond's industrial ac-
tivity will not be what 1; should.
w. II. Schwarzschild declared last
night in his salutation address upon
being elected president of the Rich
mond Retail Merchants Association
AZ it's hftcoEth annual banquet. held
nt Jefferson Hotel. Approximately
eco we're in attendance.
prosperity is icrc." MIR. Schwarz-
scnild declared. and when wages.
prices and costs are adjusted we
will get hack to the days OF normal
business. when We watched closely
the expense accounts and worked on
narrower margin OF profit
j. G.. Cor!ey, second ce-prcsident.
was elected first vicc-prcsidcnt. and
Thomas Il. lIowcn. head of the hard :
ware section OF the orsanization was
chosen unanimously as second vice.
president. His nomination was made
by w. :. Rhoads and seconded by L.
Il, Schmidt. himself Il nominee for the
interpretations. here, with Raphael
Levy, asked that his name be with
drawn.
Name Honrd at Directors.
Lewis kaufinaun, Horace S. Wright.
II. l.. Bailey. J. y. Clothlcr and \.
u. laughan. appointed nominating
| committee TO elect the new hoard OF
directors, brought in the names OF
Leroy :. Cohen. William B. Thai.
himer, Russell Rountrec. Il. c.
Schmidt. Raphael Levy. Gilbert
Grecntrcc. W. :. Rhoads, r. S. Gray.
T.. y. DIETRICH. $. II. Halle. Leroy
liutZler. james l.. Phillips. Jr, J. IL.
Grant. William u. Ryan and q. Leslie
Hall. which recommendation by the
committee was unanimously ap-
proved. The organization also ap-
proved Recommendation TO the ei-
rect that the past presidents. by
virtue of their experience and wis
dom acquired through service, be
made members of The board of di-
rectors. The new board meets for
the first time next week to elect a
secretary.
Despite the fact that he sent 10
the association his regret at not be-
ing able to accept recollection for
another year and an urgent plea that
his namc not he mentioned. j. IL.
Kaufman. who for the fifteen years
life or the association has been its
treasurer. was unanimously re-
elected.
julius c. Levitt. president OF the
association last year. also read his
annual report. in which he advocated
that the association do all in it's
power in making the city govern
to1n l.att
and generally improving it's citici-
cncy. He also advocated that a
nation wide movement to induce
chain stores located in various COM
muniticS TO cooperate with Cham
hers of Commerce and merchants or
ganiZations IN these cities. Ie sail
that this recommendation was fos-
tered by failure OF the local associa-
ton to get assurances OF proper sup
port from chain stores here.
Urges Clean Advertising.
Mr.. Levitt outlined the work OF the
association during the past year. and
also business conditions and laudcd
members OF the association for their
quick perception Of conditions when
the economic summersault" took
place last spring. He commented on
the action OF the Board of Directors
in adopting regulation concern
ing clean advertising in newspaper
mediums. submitted by tho Better
business Bureau of the city. In his
report the president told the associa /.
ton that the credit aad rating of $780,
900 persons in Richmond was now on
file for the Information OF members
Of the association in the credit rating
bureau which is kept up by the or
ganization. Some 2G.744 calls for in
formation were received on this bu-
reau during the year. he declared.
He also brought to the attention of
the meeting that the association
closed last year for the first time
in its history out OF debt and with a
balance on the right side.
Reports from the treasurer. who
was absent. but which was read and
from the secretary. w. y. Clarke. Jr.,
and w. II. Grant. chairman of the
Finance Committee. were read
Mr.. Clarke revealed the fact that
the growth of the services rendered
merchants in the past year will
nccessitatc enlargement OF the bust
ness Offices OF the organization within
the next few months.
julius c. Levi; was again nomi-
mated for the presidency OF tho aaso-
citation when the election OF officers
took place, but decl!ned to serve an
other year.
Mr.. Corlcy, In his address OF ac-
ccptancc. said that three things OF
great Importance should be consid-