Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1922-02-03

from c5 cents to IS cents on the 500
OF assessed property values. The
proposal. he was afraid. is not prac-
tlcable. The gentleman who intro
Guccd It," he snid. liz not familiar
with the whole situation"
The only relief that he can see
just now i'm the way uf reduced taxa
ton is that now levied on stocks and
bonds, which, he declared. Is too
heavy. In this connection. he snfd
that Virginia has listed only $780,
100000 in bonds and notes. when, as
matter of fact. there are three
times that many in Richmond alone
The people are not listing their
bonds for taxation, he said. The
time has come. he declared, for men
to be honest in business. and the
people must list, fairly and honestly,
their property for taxation.
Gives Two Alternatives.
I'VE must make our interest rate
more attractive. If we would attract
outside capital" he said. Either
this or we must reduce our tax ratio
This is the only way" he added, Ito
meet the situation"
IL Given Housing Reception.
Governor Trinkle was given n rous-
ing ovation when he entered the hall.
when lie arose TO speak. following
the Introduction of the speaker by
William Fl. Schwaraschild. president
OF the Retail Merchants Association.
and again when he had concluded his
talk.
Governor Trlnkle was followed by
Allen J. Saville. Director of Public
Works. who declared that Richmond's
future Is bright. He spoke on the
value of advertising IA city. declaring
that the greatest publicity stunt the
city had ever pulled" was when it
moved the capital of the State from
williamsburg.
Visitors to Richmond. he declared.
are amazed when they become ac-
qLSintcd with the extent of the city's
uhdeveloped resources. Our most
serious defect" he snid. lis in think
Ing that we are perfect" Richmond
should develop its contiguous terri
tory, he added.
He advocated city plan and would
offer free sites to encourage outside
capital to locate here. He urged II
belt line OF the several railroads en-
tering Richmond for the quick trans
porting of cars In and out of the city,
declaring that II takes as long Ia
move car across the city as IL does
to get one from here TO Pittsburgh
He deplored tho fact that the James
River Is undeveloped. Richmond, he
said. is making no bid for water
horne traffic. The city should be
ready, he said, for its share when
Hampton Roads Is developed.
VIII Undcrwritc Pageant
oliver j. Sands. president OF the
American National Bank, was the
last speaker of the evening. Hc
asked for the whole hearted supper,
of the merchants OF Richmond on be.
half Of the Virginia Historical Pa.
gcant TO be held here In May next
The pageant. he said, Will bring
100000 people to Richmond from al
parts of the world. He asked the
members OF the association to In
dorse his note for $4,000 to defra,
the costs Incident to staging the
spectacle. He was assured of every
cooperation on the part OF the rs.
sociation.
President Schwarzschild. In his an
nual report. was optimistic as Il
the future. He indorsed the Eoot
roads movement, an adequate waite,
supply for fire protection, the de.
velopment of Hampton Roads. tho
Virginia Historical Pageant, the de-
velopmcnt of battlefields around
Richmond. smooth paving, the medi.
cal college merger, with Richmond
ms the site for the proposed consoli-
dated school. and declared that tho
present street car situation Is due
to lack OF confidence between the
city Council and the Virginia Rail-
way and Power Company,
Officers were reelected as follows
w. II. Schwar1schild. president; ]. G.
Corlcy. vice-presidont: Thomas d
Howell. second vice. president: Lewis
Kaufman, treasurer. TO succeed hi.
father. tho late ]. II. Kaufman, and
w. y. Clarke. Jr.. secretary. with
the following directors reelected
Leroy $. Cohen. &c. a. DIETRICH, j. H
Grant. Robert S. Gray. Gilbert Green.
tree, G. Leslie Hall. 8. Il. Halle. lie
Roy HutZler, Raphael Levy, Jane.
u. Phillips, Jr.. w. $. Rhoads. Rus.
sell S. Rountree. WilliamT. Ryan
Edward G.. Schmidt and William b
Thalhimer.