The times dispatch. [volume], February 04, 1912, Page 4, Image 15

About The times dispatch. [volume] (Richmond, Va.) 1903-1914

Image provided by: Library of Virginia; Richmond, VA

                
REAL ESTATE AND
BUILDING K
(Continued from Brit page.)
loans and renewals on Teil estate dur?
ing the paat week. This character ot
/ Investment In a great favorite with
linuuciul Institutions and for invest?
ment of educational und court funds,
besides funds of n large number of in ?
ilivlduuls who prefer steady ft per cent.
Investments in preference to those ot
specuiuilvo character.
Peculiar 1 cmutut ot Trade.
So thc?o two ieatuies cf me week,
diametrically opposite In character,
anil well up In bit; llgUliS. it, a tttir
Index ot the diversities ot real ustuioj
transactions and opportunities in "solid
old iliclimond," and cvlicn.c that shu
olfurs >i Held to suit :uu deuiunds ot
all, olthi r tor perinuiien: investment ol
funds, or for those* Ol u speculative
turn. ,
,' Other West I.ml Denis.
Oolsan ec. Nash sold a tract of ground
in the West i.nu. on wlncn it is un?
derstood a bbiiusome laundry will be
built in the hear future.
Out at Wcutiluiupton these agents
sold the new how. just completed by
W. it. KiuiilIs, und altio uisposed of
about 400 lect of ground neat lue club.
Mrs. v. m. Council nas broken ground
for her new home in WcElhum, ami
three, other hounes will he under way
of construciton within the next fort;
night.
These agents have done a good busi?
ngs since the Ural of ihe yeur und nie
expecting a most active spring.
In the Suburbs,
The suburbs have been .: little froze]
up. but all the same thery >s something
iiolng on out to the westtvurd ?n>1 the
northward, and also to the southward.
Notwithstanding cold weather, im?
provements art still going on In Nor?
wood, barton ItolghlS, ISinter Park and
cloewhcru beyond the olty limits, in
Olnter Park there is much building go-,
Ing on. C. U. Lards, who lecelltly losli
his house on Semlnury Avor.uo by flic,
has commenced to rcbulbl on u more,
extensive plan. IL C. Garltck is build-j
ing on Seminary Avenue a hundsomcj
residence In Glnter Park nine house-.
are now under construction and eight i
new homes have been oon.plcted with-1
in tho last sixty days, eitnter Park is
going some, even If th<; ?cather has
been unpropitlous.
Wo have boon growling ?boul a bard
winter, it hus been unusually hard Inj
Virginia, but It has been harder In tbej
North and the Northwest, and as a]
result the farmers and the homc-mak-i
crs In that cold country are lookin?
with more than their usual Interest tdi
Virginia. All of the la.el agents whoj
make a specialty of Virginia farm
lands tell inc they are receiving morel
Inquiries than usual from the frozen!
rtulor..?. ,-,nd th'y n:e being kept very"
busy unswerlng urgent letters from
people who want to come to Old Vir?
ginia. The Indications are that the
coming S7>rinp will witness more sales
of Virginia farm lunds to Westerners
and Northerners than ever before, for
many years. The cold waves are bud,
t.ut in the cn?l they may prove a bless?
ing to this good, sun-shiny land.
AUTOS MADE HERE
IN BIG RICHMOND
{Continued from llrst page).
With the Hide tracks of the Seaboard
Air Line lunnlng right Into the yards
the whole matter of draynge is elimi?
nated.
The nexi thing in order was to erect
a plant, and that is what ic right now
in order. The plans have been agreed
upon, the contract has been awarded
and to-morrow the work will begin. I
By the courtesy of the architects the i
Industrial Section Is enabled to pre-,
sent to-day a picture of the plant as
it will be when completed about the
middle of June next as ihe contract
calls for.
Immense Double Dulldlug.
The building, which will be of brick
with concrete foundations and con
. rete floors, Is really two buildings In
one Each of these buildings will be
600 feet long and sixty feet wide. If
tne two buildings were placed end to
end there would be a . nuth of 1,200
feet, or about a quarter of a mile of
solid structure.
The administration of ofllce build
IHK vrill front sixty feet on the
Boulevard, running hack forty feet.
It will ho of colonial style, two storlos,
and ample room will be provided for
all manner of ofllces.
In the construction of the entlro
plant, including the administration
building, the idea of utility and beauty
will be carried out and the whole shop
will he equipped with every modern
convenience, special attention being
given to the matters of light and
ventilation. In ehort. the Kline Com?
pany's plant will lie In all respects one
of the most complete factories of Us
kind in the country. At full capacity,
and it win be working ?t full capacity
very booh after completion, the factory
will employ 1.000 men. and .-0 per cent,
of them will be expert and high paid
mechanics. This will bo a big addi?
tion to the working force and the cosh
dispensing force of Richmond.
No enterprise In recent years has
come to Richmond that Richmond
should be prouder of. The big factory
win not only Slid Immfl sMy to Rich?
mond's reputation as i manufactur?
ing centre, but it will be an ornament,
and better still, it will add immensely
to the weekly pay roll, end, after all.
big pay rolls arc the things that make
a town great.
Personal Noten.
The officers of the company are S.
E. Bailey, president; Samuel \V; Meek,
vice-president and treasu.-cr; .linns A.
Kline, general manager. '.J. R. Myd
velt, secretary; Warner Moor*, chair
man executive committee.
These ofllceia are backed up by a
strong bonrd of director? composed of
some of the best business men of Rich?
mond. The Kline corporation will'
make automobiles from the ground up,
and make what is claimed to bo among
the best machines on the market. They;
expect to sell them not enly in vlr-j
vjlnia and the ^outh and ail over the!
country, but they will havt agents in
foreign lands and they will doubtless:
become large exporters, carrying the;
good name and the goo<". business!
qualities of Greater Rlehmend all ovcrl
the world.
New t'otton Company.
Raleigh, N. C, February I.?The Neute
Manufacturing Company, of Falls. N. C. has
been Incorporated with J3*>,1?? capital stock
lo acquire the Xetise River Mills, equipped
with MOl unit spindles. looms, etc. W; j
C. P.iddtek will be president and A. A. ?
Thompson secretary-treasurer. both of j
Raleigh.
HERCULES
n place of LATHS and plaster
oaRQ
Saves money In material, time and labor. Made In
sheets ;.\ .; Inches. Easily nailed to the studs, and la
at onco ready for palm, paper, burlap or a plaster fin?
ish.
FIRE PROOF
Will not shrink, warp or crack. Shows no lath stains.
Proof against SOUND, VERMIN, HEAT and COI.D.
Endorsed niid approved by bulidlng departments and
fire underwriters throughout the country. Wrlto (or
sample and prices.
THE HEHrr' vu er \>. i i u H'iAIMi CO.. Hampton. Vn.
On your part and the safe management of vour money by the
MANCHESTER NATIONAL BANK is a sure method by which
you may obtain a competency.
If you'll do your part by saving regularly and putting your
savings into our savings department we'll guarantee to do the
rest.
Every dollar put into this fund begins earning more money
at the rate of 3 per cent, a year.
? Individuals and institutions arc both judged by what they
have done and are doing rather than by what they promise to do.
We invite your account in this bank solely upon the record of what
we have done and are doing for the financial betterment of our
depositors.
Here arc the men who are managing this bank. You know
them all individually and what their standing is in this community.
m.
Manchester National Bank
F. P. McCONNELL, President.
W. L. WALTERS, Vice-Prcsident.
A. A. ADKINS, Vice-President.
D. C. BALLARD, Cashier.
. W. J. FISHER, Assistant Cashier.
J. P. Jones,
\V. L. Walter?,
Dr. E. T. Ruckcr,'
R. H. Bruce,
DIRECTORS.
II. A. Wells,
F. P. McConncll,
H. E. Kidd,
J. P. Sadler,
C. T. Walters,
A. A. Adkins,
D. C. Ballard.
Spotsylvama's New Sheriff
RICHARD .mason WALLER.
ISpeclal to The- Tlm;>f.Dispatch.]
Spotsrlyanla. Vs.. .Bcbruory 3.?Richard Mason Waller U the newlv elected
ihorlR Ot Spotsylvanln county. Mr. Waller was r.;ared and educated In Spot
sylvanla county. In 1903 he was made deputy sheriff of the- county, and
nerved us such till. In November last, he wax elected uh a Democrat over his
Republican opponent by ."70 majority. U forty-three yearn old
VIEWS AND
NEAR VIEWS
(Continued from first pace).
suggestion. Addressing his lemaiks to
tli Industrial editor, the writer Bays:
The issuing of bonds for the build?
ing of much-needed macadam roads
In Virginia is a subject of great im?
portance, but as there is ec llttlo ex?
act and selcntlrlc Information on this
subject, the people arc usually led ir.to
It by leaders who are cither ignorant
of the economic principles Involved, or
they belong to that class wno do
know, and are exploiting ?lio people by
means of such bond Issues.
Of course, every thinking man
knows that good, permanent roads are
a necessity in a civilized country, and
also that the best way to gel tnem is
by selling bonds to pay for them. We
will .-iHftumo this point, and go -.n to
consider who pays for the good roads,
and who gets the benefit from good
roads. '
Under the unjust "general property"
[ tax law we have had for 305 years,
i the following classes pay most of the
' taxes for government:
I 1. Every voter with his poll tax.
j (Women pay Indirectly, tlijugh derl'.d
i the vote.)
Every householder who has furni
j ture for a dwelling (including the wo?
men;.
I S. Every tenant farr.ie: who has a
taxable outfit of farm tools, etc.
I These three classes (Including tho
women) will tukc In 9o per cent, of
the people of Virginia.
Of course, the people who hold title
to the land (land values) pay a part
of the expenses of government, but it
la less than half If wo eliminate the
I class of railroad and :-uollc utilities
from the heading of "land "
So much for the tax payers. Now
who is the beneficiary of good roads?
Answering according to the much
tangled thought of the newspapers,
you will say. why the sreat body of
the people, of course:
This Is not the truth.
Right here Is a great economic prin?
ciple: Pretty near all the profit from
such public Improvements are absorb?
ed In increased land values (unearned
increment). The people who get most
of the "benout of government" are the
holders of land titles, the public car?
riers, as railroads, and every form of
transportation.
But you will exclaim: How can we
make tho return to the body ot the
people any fairer and more equable?
By taxing land at its full value, and
thus using Its community value for
the good of the people who created
this value.
Remember this: Taxing idle land Is
not a tax on the people or on ths com?
munity, but Just the contrary.
PIEDMONT.
Charlottcsvillc, Va.
A nlut or Maybe Juat a Joke.
I hardly know whether this is a hint
or a Joke. Anyhow I give it just as I
get it from a Western paper:
"If you want to make a popover.
whatever that is, you can uao snow
instead of eggs. In those days when
we have plenty of snow and are short
on eggs, this announcement will be a
boon to every household that la fond
of popovers. It takes two heaping
tablespoons of snow to answer for
one egg. Here Is the cook'e recipe:
"The cup of flour and cup of milk,
with a little salt, need to be put to?
gether aa smoothly as possible and
beaten well, with tho snow added last,
and then the dough put !n the pans
with the utmost dispatch.
"Bake thirty minutes and watch the
oven. Think of eating a nice hot popr
over, brightened and lightened'by tho
beautiful snow! And it is good for
cakes, bread, pica or wherever eggs
arc used. Hall, thou beautiful snow?
storm, wo will catch a part of you and
convert it into Angel's food."
The ground hog got back Into his
hole last week, and the old timers say
that means six weeks more of harsh
weather. Well, maybe that Is all
right. In old times I uced to hear
people say that a hard winter means a
big crop year to follow. Let us hope
for It this good year anyhow.
r?WER COMPANY BRANCHING OUT.
Ilaleleh. N. <?., February >?? The Carolina
Power and Light Company, with headquar?
ters at Raleigh. Jins completed Its very ex?
tensive transformer substation in the west?
ern suburbs of this city. The plant Involves
a number of new principles. This company
'has during the past few days Installed in
the Raleigh suhttatlnn,' which In within tho
city limits, automaitco voltago regulators In
all its lighting .feeder circuits, and has in?
creased tho capacity of this transformer sta?
tion as well an that at .Sat,ford. Large ad?
ditions have also neon made to tho light?
ning-protective apparatus of the company
here nnd at varlouK other nolnts. The Ynd
kln River Power Uormpany. which Is a sub?
sidiary of the Carolina Power and Light
Company, purchased last month the local
elcctrlc-llghtlng- plant nt Rocktncham, and
took over J,hc operation of this February 1,
LIE GRINDING
FOR THE FARMERS
.(Continued from lim page),
some 135.000 orv$3,0,000.and; accomplish I
uot'.iing." I suppese one of the easiest
things In the world Is to venture an
opinion of the future bascu or a sur?
mise of the present. Hut we much
prefer basing our calculations on
history anrl Instead of nscountlha; our?
selves pigmies trust that, as the old
eouplct .In .the old reader, we as chil?
dren .studied, expressed it:
"TIiiukh. that other folks can tlo,
Why, with patience, may not you?"
Why. with patience and perseverance
and persistence, can we not tlo th?
thing our slater State of Illinois has'
done, and especially since she has so I
well biased uitt the way to do It? j
How can even the lather of false
prophets und pcss'niista sei the rcsuVtS
up there, and make suel prognostica?
tions In the promises?
Argument No. 3?"The Mate never
did anything as cheaply as an In?
dividual." The question concerning us
here Is not what Individuals can do,
loit what they ,.avc done and will do. I
And again we quote tue I acts: Inj
Illinois the State 'a delivering this I
material f. o. b. at 60 cents peri
ton, and sinking no money, in Vir?
ginia the Individual otters to do it j
for I" to SJ.50?Juet exactly the same'
serv.ee here costing live times when
performed by the Individual as In I
Illinois when performed by the State.;
Now, fearing the occupation of too;
much of your valuable space, and of
? becoming tedious to your leaders, let
jus briefly notice the ?arKiiine.it of the
! newspaper article, and then we shall
j have done.
The argument Is that It will affect
I some private interests.
1'ersonally, we are of the opinion
j that some personal and special Inter
? egts are really in need of being af?
fected, both In the State and nation;
and the surer and swifter the pro
case, the. bettor for the whole people.
But again, let us turn to the history
bearing on the case: In Illinois, not?
withstanding the fact that the State
is doing precisely what we propose to
do here, there are twenty private mills
now reducing and delivering this
I material to the farmer at a cost ex
j ceedlng $1 per ton, and if any of these
are operated In the name of phi-1
j lanthropy we have not learned it. 1
' suppose this last is simply a ro-ncho of
the cry we used to hear in our boy?
hood, and, in fact, until a few years
ago. when it ceased, and we thought
everybody had become even ashamed [
I to use It again?this cry as .1 comes]
' timidly, tremulously back seems to say
something about protecting our in?
fant industries, but as we see It some
of these poor little infants have al
J most outgrown their p-t. and unless "ne
' hurries up and gives some of them a
I spanking there Is imminent danger of
his losing control tf his household.
I Farmers, listen not to the siren
I voice of the wily politician or t'.ie
representative of spcclaj interests, but
I be steadfast, immovable, and pull
mightily for your rights In this mal
! tch Send a great roll of petitions to
I your Senate and House for this bill.
{ and should your representatives fall
I you in this matter, why sit on them.
? Send some one In their places next
? time who will represent you. This la
I tne most effective medicine a people
I ever administered to a politician, and
I verily it would be well if the people
j would give it tr.or^ frequently.
1 From Louisa there will go a peti-1
tlon for this measure with a very Ions:
list of signatures. We 'nave only
hearrl of one single cttizei. here who
refused to sign it. anrl It has been
circulated over much of the county.
Brother farmers, do let u? express
ourselves.
WHEN I'OET MET POET.
A T.ltlle Farm and Itollwoy Story Set to
Very Tuneful Melody.
A North Missouri farmer, whose hog wag
killed by a train, wrote to tho Companys
claim agont for a settlement, says a writer
In tho Columbia stnt/sman. lie pendod his
communication thus:
"Dear Sir: My raiorback strolled down
your track a week ngo to-day. Tour twen?
ty-nine rame down the line and snuffed his
life away. Tou can't blame m*. th? hog,
you see, slipped thru a cattle gate; so kind?
ly pen a check for ten the debt to liqui?
date/'
He received the following reply:
"Old twenty-nine came down the lino
and killed your hog. we know, but razor
backs on railroad tracks quite often meet
with woe. Therefor*, my friend, wo cannot
send tho check for which you pine. Just
plant the dead, place o'er his head. "Here
lies a foolish swine." " _
I Good Methods,
Large Assets,
Courteous Service
And at Your Command
Capital, - .$1,000,000
Surplus, $1,000,000
Deposits, $7,800,000
First National Bank.
1104 E. Main St.
"THE HOME FOR SAVINGS."
Modern Times Require Modern
Methods
It was well enough before the times of banking institutions
to keep your money in a sock, but to-day's methods call for
conservative banks, where you can place your savings, with
regular interest allowed.
INTEREST AT 3 PER CENT PER ANNUM ALLOWED ON
SAVINGS ACCOUNTS.
The Central National Bank
307 East Broad Street.
ATLANTA, GEORGIA.
Capital, $600,000 Surplus, $300,000
FIRST MORTGAGE LOANS.
There is invested thousand:: of dollars of VIRGINIA capital in Atlanta
at 7 and 8 per cent, on Improved Real Estate. Our clients can offer you
perfect security at these rates, and the outlook for 1912 points to a large
demand for money. Our facilities for handling either individual or trust
funds are perfect. Write to us. S. B. McKINNEY,
EDWIN P. ANSLEY, Manager Loan Department.
President.
Tax Exemption in State of Virginia
8c/o Cumulative Preferred Stock
Of an active growing manufacturing company located in
Richmond, Va.
Address P. O. Box 562.
HENRY 5.HUTZLER&CD
BANKERS
50LICIT YDUR PATR0NAGE.
IN ALL LINES OF
G E NEPAL BANK! N G.
INTEREST ALLOWED
DN SAVINGS ACCQUNTS
ational Bank of Virginia
Capita!, $1,200,000.
Ninth and Main Streets.
Surplus, $600,000.
Offer? to the public its unexcelled facilities for the handling of business and
safe keeping of all moneys entrusted to its care.
E. B. Addison,
E. L. Bemiss,
T. H. Elicit,
H. Theo. Ellyson,
Geo. L. Ch.istian,
T.t A. Cary,
Carl II. NoltinR,
William T. Reed,
I. W. Rothert,
Wm. Northrop,
DIRECTORS
T. C. Williams, Jr.,
E. C. Laird,
tno. Garland Pollard,
V. P. Glinn,
Eppa Hunton, Jr.,
R. G. Rennolds,
W. M. Habliston,
Beni. P. Alsop,
B. Rand Wellford.
S. W. Travers,
i. G. Tinsley,
no. T. Wilson,
as. A. Moncure,
no. Skclton Williams,
D. Williams.
0FHCERS
W. M. HABLISTON, President.
NO. SKELTON WILLIAMS, Vice-president. WILLIAM T. REED, Vlce-Prcsldent.
W. M. ADDISON, Cashier.
O. S. MORTON, Assistant Cashier. JOHN TYLER, Assistant Cashier.
W. II. SLAUGHTER, Assistant Cashier. J. M. BALL, Jr., Assistant Cashier.
Safe Deposit Boxes For Rent
3% Interest in Savings Dept.
Notice
of
Call for Redemption
6% Ten Year Notes
Jefferson Realty Corporation
Notice is Hereby Given
to the Holders of Coupon Notes
Nos. 9, 13, 14, 15, 27, 37, 73, 75 and 91
For one thousand dollars <$t,000) each, of the scries of six per cent, ten-year coupon
notes of Jefferson Realty Corporation, dated March 2, 1908, that, in accordance
with the terms of said notes, redemption of the same will be made by Jefferson
Realty Corporation on March 1, 1912, that being the next date for the payment
of semi-annual interest due on said notes, by the payment of the principal of said
notes, with interest accrued to the date of redemption, and the further sum of one
and one-half pcrccntum of the face value of said notes, provided said notes with all
unmaturcd interest coupons annexed arc surrendered on said date of redemption;
and the holders of said notes are nercby required to present the same with all unma
tured interest coupons annexed, for redemption in the manner above stated, on
March 1, 1912, at
American National Bank
RICHMOND, VIRGINIA.
If said notes are not presented for redemption at said time and place, a sum
equal to the principal of said notes and unpaid interest due thereon, and one and
I one-half percentum of the face vatue thereof, will be deposited with the American
National Bank of Richmond, Virginia, for the redemption of &aid notes when pre?
sented, and said notes will thereafter cease to bear interest.
JEFFERSON REALTY CORPORATION,
By 0. F. WEISIGER. Secretary.
SUCCE
That's what you are looking for; so are we; let's find it. It
is easier when pulling together.
Richmond Bank and Trust Co.
N. W. Cor. Main and Eleventh Sts., City.
DEPOSITS.
January 2, 1912.$ 74,910.13
January 17, 1912. 136,813.23
February 3, 1912. 181,235.71
We invite you to "GROW WITH US."
OFFICERS. r ?
H. R. POLLARD, Jr., President. V
W. J. WHITEHURST, Vice-President.
S. T. BEVER1DGE, Vice-President.
CLINTON L. WILLIAMS, Cashier.
DIRECTORS.
Wm. II. Adams,
John Bagby,
S. T. Beveridgc,
Joseph P. Brady,
Edgar H. Fergusson,
W. S. Forbes,
W. J. Gilman,
Chas. A. Labenberg,
Raphael Levy,
John Mann, Jr.,
Hill Montague,
Richmond Moore,
M. R. Pollard, Jr.,
Maurice A. Powers,
W. Conway Saundcrs,
Jno. L. Satterficld,
T. C. Walford,
H. S. Waller stein,
W. B. West,
W. J. Whitehurst,
Jno. T. Wilson.
Charles E. Wortham, Jr.
Robert M. Pulllam.
Insurance
425, 426, 427 American National Bank Building.
Telephone Madison 5583.
Get in on the ground floor and let Bachrach save you
money. The strongest, oldest and largest collateral institu?
tion south of New York.
S. BACHRACH, Proprietor, 815 East Broad Street
WE WANT YOU TO OPEN AN AC?
COUNT WITH THIS BANK.
Bank of Commerce & Trusts
Ninth und Main Street*.
E. A. BARBER, JR.
Gertie*! FafeMe leeramt
E. A. BARBER & CO.
&C4--OU7VTTHO, AtTDSTDfO,
OHOAJtiEOTO. SfSTEUBATWrfr*,
3IS Htrtvsl XtaCUHr-C
JfM