Newspaper Page Text
Tili: TIMES FOUNDED
TIIK DISPATCH FOUNDED Iii?.
RICHMOND, VA., SUN DAY. AUGUST 1*. 1912.
PRICE FIVE CENTS.
REAL ESTATE AND
Few Sales Reported, But
Loans and Rentals
IN BIG DEMAND
Holders of Adjacent Tracts En?
joy Brisk Business?Real Es?
tate Exchange Inaugurates
Service by Mailing Mem?
bers List of All Persons
With exceptions here and there fre?
quent enough to prove the rule, real
estntt dealers all over the city ? ?
Jcriencert last week a petlod of knlU
summer dullness, brightened only b>"
th' brisk business In rentals and a
fairly lively tradu In loans. The vaca?
tion set-ton has carried a large nirr
ber of buyers to the various resort,
and in many cases the sellers them?
selves have shaken <?!! the harness
and departed for .1 short respite at
the occSn bt in thi? mountains to make
j ready * for the heavy business which
If expect* l In the autumn.
A resume ol tn, reit estate sltua
Jttbn lliu past week, however, reveals
an altogether encouraging state of
affairs Allowing for the pessimism
' of th>- agents who had a djlU week,
and who tssifl correspondingly de?
pressing statements, and lh< optimism
of other dealers who succeeded In
putting through a number of large
d.-.tls. It may be fairly said that tne
I ,n:.' -! tn.j bast week was far
brisker than In th< orrcspondlng va
? Cation period of any previous year.
\ Pe?s in? Deals,
Among the firms which suffered
, Past from tt.' Inbrtnosa b.-t<! by llie
t.,.t season was J. Thompson Ilrown
A Co. LeBby E. Brown, of this firm,
who returned last week from his va
cutl?tti reported that his cobipany did
more business the 1-it.t week than
In any week In any August in the
Among * number of minor deals J. j
Thompson Blown & Ci report the |
sal- of a Valuable farm for 120.000.'
a lot of West Lnd acreugi :? . 16,500,
a central house and lot for Js.'JOO,
several West End lots totaling S10.
600 Slid a piece of Ma>o Street prop?
erty for ^S.l'-a. In addition to this,
the firm reports a;.l>.s of property In i
the Last End and in other sections uf
the city aggregating tBO.OOn.
Suburban I'ropertj Active,
Most of the agents holding suburban
and development properties repo; t a
brisk bus:r.tts for the week just
closed, fiolsrn A: Nrf.sh closed a num?
ber of deals ti their Weathampton
holdings and report Several large
transactions which are all but tied
Without exception, the suburban
additions around Richmond have, dur?
ing the past week, been more uctlvc
ti:.m ever and have more than kept
pace with the business In tri? city
proper The activity in this class of
property was ascribed by a real es
t-ilo man who keeps closely in touch
with suburban properties to the well
founded belief that a large number
of these adjacent tracts will be In?
corporated within the next two or
three years. This was the confident
belief of a number of agents who
called attention to th,.- .-npid cxten
islon of the city, paiticuiaily west?
ward and northward, which will make
r ich u step Inevitable.
Home of the promoters of these
(Mditlom saj that they have sola
every lot and are now reselling for
[original purchasers. This Is nctabl>
true in the case of Northampton, Vir?
ginia Place und Norwood. Chatr.ber
layne Court. Colonial Place, Glnter
' Park and other suburban additions
report equally encouraging sales,
Every agency seen yesterday re
' ported a record week in rentals. With
liundreds of desirable houses vacant
. In every section of the city, the de?
mand seems to be far in excess of
? the supply. Charles A. P.ose. & Co
report that they have rented practi
i rally every property on their list, and
are. unable to respond to the demand
for houses and apartments.
Pollard & Bagby, while character?
izing the real ?stat? market as ??very1
dull," admitted that they were ? light .
busy renting." wlih the prospect that
the activity in his line, will continue
for at least the next two or three
weeks, Sutton A- Co. reported In the
same vein, and added that they en
Joyed a brisk business In mortgages
and loans. K. Seldon Taylor ,<;? Co.
puiieei oif a number of good-sued
deals, but were unable, l.atise of
their relations to other deals pend?
ing, to Rive out details.
Among, the younger firms Cover &
Smith reported an unusually briste
week for this season cf the year. The
firm conducts no rental department
and confines Its business entirely to
the sale of properties. Among their
Rales this week were 636 feet on Mul?
berry and Taylor Streets In the West
End. 10ft feet on Chamberlayne Ave?
nue. Olnter Park, and Ti feel on the
Boulevard; oil sold to home hur.d, s.
j The transactions aggregate-! Sit?.???.
Bxrhange on the Job,
The. newly organized real estate ex?
change, with ejuarters at 1012 Last
Main Street. Inaugurated Its term of
service to the local real estate deal
' trs by mailing to very member of the
' firm on last Monday a circular con?
taining the names of all undesirable
. tenants. The list is compiled daily
from the records in the High Con?
stable's ofner. and gives the name of
every person levied upon or ejected
since August 1
The furnishing ?pf this delinquent
)i.-l to the agents at regular Intervals
Ip regarded by President Funston, of
the rteal Estate Exchange, as a most
valuable service lo iho members, und
ano calculated to -av> the rental agen?
cies much money T>y Informing them
et>f the reliability of the persons seek
(.Continued on i'i'ta Page]
LYNCHBURC'S GREAT BUILDING BOOM
Vew Pout-Office Itullillne Xenrlng Completion.
Work Stnrtrd on KI0O,n00 Hotrl.
Office Building of People'* National llnnk.
Too Much Money Going West
for Supplies That Should
Grow at Home.
It. II. Edmonds, ihr- able editor of
the Manufacturers' Uecprd inrs beer.j
travel fne down South and writing some
11 i v inten sting nr.tlciea under thi
head "Notes By the Way In Disie." i
In one of these ho deplores the fact;
tliHt So much Southern money to
the' West und elsewhere to pay ihr
supplies that i an 1>>- and blight to bt.
pr.eV-,.. . ..! honi-. His itgui'-h show -
Inn tin- value pi the grain and othei
things Southern people buy away froth
home are enormous, possibly a little
n-. large.' but perhaps Mr. Edmonds
made Iiis estimates when i ?? wni down
In the cotton growing States. It Is
quite certain that Virginia. 'Iocs not
send anything ilk. the amount ol
morn; outside the State for supplies
that titigh'l to be grown at homo as
she used to some ten t>> twenty1 ye;irs
ago and more, and sii" does not pay
proportionately the enormous amount
for W..stern goods that the Record edi?
tor thinks is drained from Hie South
annually. -Mr Edmonds writes as
follows on the subject:
"How many uncounted millions and
hundreds Of millions of dollars the
South has for years been spending In
buying from other sections foodstuffs
which it could 'with greater profit pro
dme ,it home. That this drain has not
Impoverished the South is but an Il?
lustration of the inherent strength of
tifls section. F?,w other regions of
the world could stand such a drain and
still grow rich.
While the South Is iibl- to dOUhlo
Its grain crop and annually produce
2,000,000,000 bushels of corn Instead or
1,000,000 without adding a single
acre to the land under cultivation,
While |t could d.-uhle the nUmllCI of Its
swine and cattle and many times
double the number of. its sheep witii.
' (Continued on Second Page.)
Three-Cornered Fight for Presi-1
dency Having No Effect on
If one but listens to the wild talk'
of th* politicians it might b* easy
to believe that in tins good year poii- j
tics will require all of trie time of
t busy man and that business will
have to t tke a back scat. The Bull
Moose people are actually preaching
tlx doctrine that there should be but
little attention given to business until
the greit question of who is to he the
n< xt President; of the United st it ia
?hall have been settled, and. as a
matter ol course, settled their way.
They tell is that the West and the
Middle West sections are on lire ,li,d
everything Is Hull Moose and politics
out that way.
Here is a very different report that
comes from that reliable paper the
Ohio Stat.- Journal. It may be re?
marked that the same conditions exist
down in this neck of the woods. Tue.
Journal In its Industrial and rommer
cial columns says;
i If trafllc returns from leading trans?
portation systems may be accepted as
a < riterlon of the present state of
, ommorce and Industry, the political
situation seems to have little, <f any,
' restraining effect upon business In?
deed, from the very beginning of the
'year this development has been fore?
shadowed. Bach month's bank clear?
ings have made steady gains, railroad
freight offerings have advanced en?
couragingly, exports have neen mount
Ing and. In general. Indications on nil
1 sides promise a healthy nnd progress
j slve year, tin the Atciilson. the freight
j transported wan heavier iHst weea
I than that earled In the corresponding
I week of a year ago. and miscellaneous
shipments moved in Increased quan
j The St. Paul reports a heavier ton?
nage than this time last year. Its
business Is diversified, showing that
(Continued on Fifth Page.)
?rcnhlng Gr.)um] for Three Mlle? Dltulltble PavlnK on Itlvermonf Avenue.
A GREAT MARKET
FOR GOOD TRUCK
' Richmond Wants the Vegetables
and Small Fruits All the
Mark T. Thompson, of near Rich;
mond, writes the Industrial Editor as
follows: "I read with cars an article
telling of a young 'book farmer,' near
Cleveland. Ohio, who is alleged to rea?
lize from 12 acres of trucking land
$12,000 a year net profit. That Is an
enormous amount of money to clear
from so small a piece of land and
'while I cannot dispute the facts as'
set forth by the writer of the article- j
I really hive some lingering doubts
as to the correctness of the net pro- ;
tits. The article also says this young;
man clears money .on rhubarb or as,
some call it pie plant, at the rate ot |
$200 p, r ocrt 1 want to say to you
that right here on the outskirts of|
little old. solid old Richmond 1 can
beat that and have beaten H all to,
pieces?on rhubarb. I mean.
Furtnefmorc, 1 am prepared to say
that right within live or six miles of 1
Richmond a man who knows the truck- !
Ing business and how to grow and ;
t,,k. cite .f and market truck and |
smnll fruits combined and has a n-a- ,
sonable ami,tint ot glass can make!
more clear profit from n ten to twenty
acre truck farm than can be made
contiguous to anv market in the world
Richmond offers to-day the greatest
opportunities for two or three iirst
i-lnss truckers of any city. I am ac
rjuninted with and 1 know a good j
many of them l mean, of course..!
the man who means business and
.knows ihe business.
The demand for vegetables and small
fruits In good. old Richmond the
whole year around Is simply tremen?
dous and this demand is suppl ed for
the most pari with goods shlpri9d hem
ft"!:! a distance and the enormous ex?
press charges, of course, added to
the cost to the ultimate consumer. T
am not now talking about 1 he man
who will come to market two or three
I times a wee.k in what we now call
the right season and come with onlv
two or three barr< Is of salad and four
or five boxes of tomatoes and a few
i quarts of butter beans.
Such men, as a rule, find themselves
at the end of the year unable to make
' buckle and tongue meet, hut I mean
the man who is right on the Job 313
j days in the year and he can keep on
! It that steady It" he is prepared with
ti e glass ami' the other facilities like
j the Cleveland young farmer referred
I to Undoubtedly we have the best
j market In the world and 1 believe a
few of* the live, kind of men I have
di scribed can make good along those
lines right at once and as Richmond
'grows, and ? grow she will for many
! years yet to come, the business and
the profits of these men win Increase.
We need some good working tor
mans and Panes and Swedes and that
j class of people; men whose wives and
(Continued on Second Page.)
LARGE PROFITS IN
Government Expert's Opinion.
Subject Worthy Attention of
Young Virginia Land Owners.
Washington. August IT.?For many years
!l has been the constant endnvor of the
Federal Department of Agriculture to Insti!
In the mind* of tae agriculturists of the
cotintrv the necessity for dlvcEslOcailon of
crop* and to have them realize the Im-,
nortanca of nui and fruit growing, which
not only Drove most interesting, but If
nrODSrlv handled, most profitable. Among
the nuts which could be grown with profit
In almost all sections of the United Statu?.
some parts of Virginia especially,
is the pecan.
When (.', A Reed, special agent tn nut
.u.'.ji, investigation* in the Oepartmeiu
of Asrlculture. was asked to tell something
ot the pecan tree culture and thu possi?
bilities of prolli'saailng in this industry,
"The pecan is one of the most Impor?
tant of the nut-bearing trees now grown
In the L'nltod states, and within the area
thought to be adapted to Its culture, no
othei agricultural or horticultural product
... has apptaitu during recent years
Is attracting- greater attention or being
more widely exploited. It was not, found
by the early botatiists nearer the Atlantic
coast than Western Alabama. In the Soutu I
and central Tennessee and Kentucky. In
the north, but iWlth the progress ot agrj-!
>.i!t::r<- .n the South the species tint beeu |
carried eastward and wlocly distributed
with apparent success over the eastern
eiulf and South At.antic state*. It lias
.1.30 been sparingly introduced Into many
Of the .Northern States. Including Ohio,
Michigan, New Vork, Pennsylvania. Mary?
land. Delaware. New Jersey and to a slight I
extent it,to th,.- lower New bngiand States. I
In the West It ha* received but little at?
"A few planted trees may be found here
and there from Wasaington 10 Southern
California, but pecan growing has not be?
come an important Industry west of the 1
"The tigur?s of pecan production, acford
lag to the i'riiu? of 1910, have not yet been1
published, but from estimates made by a :
number Of wholesalers, the unnual crop of.
the Slate of Texas alone during the past;
rive years has ranged from 13., to 660 car?
loads, or from ?VHS.OOO to 17,?:'V-t' pound*.
The price* to the producer have ringed
from 1 to :f cents a pound During the
past five years the average mld;-a?on price
has been from 1 in !i cent* a pound ICsti
mates derived from the same source Indi-]
.tie iliat. heglnnng win Loueann. nqxt to,
Texas In quantity of production, find end?
ing with Indiana and Illinois, each pro-)
luctng about ten cars, tho remainder of
the average crop I* apportioned among the!
other pecHr,-producing States In about the:
feie,wing eider: Louisiana. Oklahoma. Ar-1
k.msnie Kan*a*, Missouri. Kentucky. Ten- !
net,. '. Mississippi, Indiana and Illinois
"Commercially speaking, orrhar t-gm'vn
pecans have not yet been produced in suffl- |
clent quiutlUe* to affect the genera! mar-I
ktt to an appreciable degree. The demand!
for pecans of the named varieties . rested
by nurserymen t>?r ua< as samples, or by |
fancy confectioners, tourists and occasion
ally by scedmen, !,a? caused 11 very wide!
range In nirli r*. which rannet be expected
10 reach a normal basis until the cultivated!
nuts reach I he general market in sufficient!
quantity to enntpel* fairly with wild nuts !
At the present time, Practically ihe inilre
American toniumptlon come* from Mexico."
P. H. McQ.
LOVELY VALLEY OF
I New Transportation Facilities
I Will Help Fertile Country.
nv MRS. THOMAS I?. BAG 11Y.
There iE no livelier country under
the stars than the Mu.tta.pony Valley.
Tradition tolls us that the river from
which the valley takes It name came
I from u chance remark of an Indian.
One cold winter night, so the story
I gees, an Indian who had lost his way
I was trudging along hungry and tired
I and lost. He carried over his should?
er a mat made perhaps of deer skin.
When he could travl no longer he aid
down on the hard, frozen ground, and
it was a question with him whether he
should lie upon the mat with the sky
tor cover, or He upon the ground with
the mat for covering. Ho finally decid?
ed tho latter to be the belter, and as
he reclined upon i the frozen ground
find pulled the mat over him, he an?
nounced to the stars his decision by
snylng. 'Mat upon I." This may not
be the true origin of the name, but
anyhow, it is a very good one.
The name seemed to please some
young men not a great while ago, who
were looking around trying to decide
the momentous question, ns to where
and how to Invest some surplus cash,
for while they were considering this
all important question the Mattapony
occurred to them, und to tin Matta?
pony they came with their good money.
Developments Along the River.
From this decision grew the organi?
zation of the Virginia Steamship Com?
pany, with a maximum capital of $25,
l., which company takes over the en?
tire property of the Virginia St.am
Navigation Company, operating a line.]
of steamers between West Point and
Aylett's, ami this marks n new era In
the development of the rich (arming
section or th* Mattapony Valley.
W. I">. Stuart, president of the. new
enterprise, is a well known business!
man of Richmond, being president of
the Richmond Hardware Company, ottej
of tile largest wholesale stores in Vir?
ginia. Mr Stuart will be active in
pushing the. development of this sec?
Samuel H Wilkinson, vice-president
and secretary of tae new line, is also
a prominent business man of Rich?
mond, being identified with the Rich
mond. Hardware Company as vice
It. C. Cardcn. who Is general man?
ager end treasurer of the company, Is
well known In this section as agent for
the Southern Railway and Chesapeake
Steamship Company, al West Point,
and has been IdentTs.-'d with transpor?
tation for twenty years. The policy of
the company will lie to give the put
u ns served by this line an up-to-date
steamboat service, the officers believ?
ing that such service will dcVetDp lhe
rich valley into ,t trucking section.
Improvements win be mad.- In ware
' tCohtlnuc.' on Second?" I 'age.)
HILL CITY GROWTH
The Rapidly Coming
Great City of the Upper
James River Country.
CHAMBER HAS DONE
Building Development in Twr>
Years?New Hotel and Old
One Enlarged?Looking to
BY FRANK S. WOODSON.
Nestling among the foothills ot the.
Bluo Ridge Mountains, about flv?rt
hours' Journey from Richmond, there*
Is a. live community of Central Vir?
ginia that the writer likes to mako
pilgrimages to. Lync.hburg. ths "Hill
City" and one of the most hustling
cities In the State, Is the good old
town I am talking about, and to talk
about Just now for quite a while. The*
commercial organizations there ought
to adopt a. slogan?they ought to in?
variably plex:o after the name ?aC
Lynchburg the woraa "Something Do?
ing." There Is always something do?
ing In the, Ulli City, and during th?
period since my visit there, a year
or mors ago. and my last pop call, two
weeks ago. the enterprising Chamber
of Commerce ha* accomplished some,
great work. This organization Is do?
ing things to pass through properly |
directed and Intelligent effort. Tho
Lynchburg Chamber of Commerco Is
becoming a blsgrr factory every day
in the development of the Hill City,
and it is accomplishing results, for
the reason that it hunts around to
Und out what Lynchburg needs most
and then proceeds to work on this
one thing until It is landed. During
all of this work, however, a syste?
matic campalpn of development, both
for the city Itself and the counties
surrounding. through educational,
I methods. farm demonstration work;
I and advertising for home-seekers is
Industrially carried on. The Hill City
Chamber believes that the surest Way
to build up a city |s to build up tho
bacit country, and they are hammet
Ing home, that fact in the most gra?
phic sort of way by producing tlie
I am printing- on this pug.' to-day
photographs of pew buildings, either
under construction or Just eompletcil,
which range In price from $$,000 up to
$300.000, and the smaller figures only
refer to the block of dwellings typi?
cal of the ones being erected in the
Rivermont section of Lynchburg. Thcrej
arn photographs of three larger
buildings, an office building for tho
People-., National Bank of Lynchburg,
which will he Increased to ten stores:
the new Virginian Hotel and the new
Federal Building and post-office, tho
prices of which range around $300.
000 each, and there la another photo?
graph of an Iron furnace now under
construction which represents an out?
lay in cash capital of over $300,000.
Both the Iron furnace and the new ho?
tel were made possible by the Cham?
ber of Commerce.
A Chamber Thai Builds Hotels.
There Is a tiood story of grit and
determination behind the bulldinc oC
the new Vlrglninn Hotel in L>'neh
hurg. When the Chamber of Com?
merce, which was Inaugurated by re?
organization three years ago. began
to cast about to see what Lynchburg
needed most, It decided that it was
another hotel and a good one. and
the Chamber at once set to work te?>
set It Big pressure was brought to
'aear upon some of the capitalists there;
to build one. but nobody would under?
take the responsibility of going it
alone or. such a building as the com?
mercial organization desired. This did
not hlock the Chamber In the least.
It started to build i hotel, and when
the private Individuals wouldn't do
It. ttv Chamber got its committees
together 'and promoted the raising
of the money by Individual subscrip?
tion. Something like $300,000 was ptie
up by the business firms and citizens
of l.ynchhurg. the building company
was organized, contracts let for tho
building and the hotel Is now about
half completed. It Is to be a fine
building of telnforced concrete, ab?
solutely fireproof, and when completed
will be one of the finest, though not
one of the largest. hotels in the)
State. Extensive additions and bet?
terments are also Under way on tho
Hotel Carroll, and this hostelry will
enter Its new life about October 1st,
modern in every respect.
Next to Orenter Richmond.
In the cost of building construc?
tion from July 1. 1311. to July 1. 1^12.
LynchTttirg is only exceeded In thlst
State by Richmond, and possibly Nor?
folk, and both of these cities *re
more than three times Inger than the
Hill City, and therefore comparison Is
not possible During this period
Lynchburg invested considerably over
$1,500,000 in building permits. Dur?
ing the same period there was spent
for new sewers $15.980.59. for new
streets $119,808.89. In iddltlon to which
contracts were let for $480,000 worth
of additional street Improvements.
Several streets are b'lns smoothly
paved for their entire lengths of sev.
eral miles, including the famous Riv?
ermont Avenue, which l?uds to Ran
doiph-Macon College, whtoh has art
enrolment of 800 young ladles, a mil*
lion-dollar plant of halls and dormW
torles, and Is one of onlv sixteen wo?
men's colleges in the t'nlted States
1 classed "A" by tho United State? De?
partment of Education, and the onl'/
one in Virginia, or the South, as for
in general business conditions
Lyitchburg has fared exceedingly;
we'.i. Acco du e to the official reports
from the Chamber of Commerce, tho
volume of manufacturing business Ins
gon, .,. . r ; i .t. ? millions annually;
?" (Continued on Second