Savannah morning news. [volume] (Savannah) 1868-1887, 1886-10-23
WHAT THE FACTORS SAY
ABOUT THE NAVAL STORES
PRODUCERS ASSOCIATION.

FhOLltJtjk MS ASSOS1t1 LINN
Thex Predfct that the Scheme win Re
n Faiure-soms of their Reasons for
Saving So-Msnufacturers VIM Not
Combine-The WsycrOss Meeting Next
Wednesday Outlook for the Naval
Stores Crop.
Some leading naval stores factors were
interviewed yesterday in regard to the
proposed cooperative association of the
producers. The factors are, of course,
naturally hostile to the organization Of
such an association, that is if 1t had any
reasonable likelihood OF becoming a sue
Bess.
MARX my word" said one factor, pro-
Phetically, ''the scheme will not be sue
cess. why! Because the manuiactur-
Ers will not unite. They will talk the mat
ter over and wish it success and curse
the factors wbom half the manufacturers
look upon as cheats and swiDdlers and
their natural enemies. The thing will 20
along all right until the time comes 10
subscribe to the capital STOCK. Then
there will be general backing out. In
fact there are mighty few manufacturers
who have any surplus money. Not one
sn ten, reckon.
WILL NOT SUCCEED,
81 do not mean" he continued, chat
all the rest are insolVent by any means,
for the most Of them are solvent and nave
good credit, but they have all their money
Invested in their business. 1t is doubt
full If there are twenty producers IN this
State who have FIVE or ten thousand dol
Oars in cash.
ITO carry on the business Of factor,
a private individual, com
pany or a cooperative association
must have capital Now, when these
subscribe, they will think that they are
putting money into concern to be
loaned out TO smaller manufacturers. In
that way they will be assisting rivals in
business and taking the risk OF losing their
cash without the legitimate chance OF
making profit on the investment"
IT Is ALL BOsH.
sLarge manufacturers have assured
me-" said j. W. Hunt, OF Peacock, Hunt
e. Co., "that they will not 90 into the move
ment, believing il not to be TO their In
lterest to do so All the talk about the pro-
IduceTs combining and keeping down the
production" he added, "ls bOsh. They
bold meeting and agree to cut One-thind
Tess than last year. Mr.. A. is not quite
rs scTupuiUus as he is supposed TO be. He
SAYS 10 hiu.s III tine output will be re-
yucca UnG-lUlEu luls year, bhdb VIII
surely advance prices little; l guess |
will cut more this year than last, and
make all l can out of it; b. and Z. will
never know it, The same ideas occur to
MIR. B., and he concludes that he VIII
make more this year than last, because
ana c. Will not be apt to know IL. &. does
the same thing, and so do half those who
go into the plan. AS a result the crop
will be as big, II not larger, than II no such
agreement had been made"
PROMOTERS OF THE SCHEME.
Another factor gave it as his opinion
that the association will fall through if
organized He said that the movement
was starred by some grumbleTs, and he
predicted that the meeting at Waycross
llext Wednesday will not amount to much
more than an airing OF imagined SrieY
ances. THE originators OF this move
ment." continued the speaker, certainly
do not know much about Office business
IF they think that the business Can be
carried on for l per cent. of the gross
value. Eight thousand dollars will not
begin to run an office doing a business
OF 81 100000. do not pretend TO say that
all factors are honest and fair in their
dealings, but ] believe, as rule, the tao
Tor does the very best he can by the manu-
tacturer. AS to purchasing supplies, |
know that many OF our customers say
That we sell TO them cheaper than they
Can buy elsewhere"
WHAT PRODUCER SAYS.
very large manufacturer who was in
the city stated that he heard of the move
ment about q week ago. He did not,
however, nave much confidence in its
success. The stockholders VIII get dis
satisfied, he remarked, and one by one
will draw out.
gentleman who is assisting in agi-
Eating the movement stated with much
confidence that every obstacle IN the way
OF the associations success can be over
come. II manufacturers of cotton or
wooden goods, matches, steel rails, shoes,
glass or anything OF that kind can COM
bine tor self-protectiob, he argued that
She naval stores manufacturers ought to
be able 10 do the same thing.
OUTLOOK FOR THE CROP.
The crop of turpentine and rosin in
Georgia tor this year viii, il is estimated,
be the largest ever made. More than no.
boo casks Of spirits have been received in
Savannah since April l. In 1885 only
100000 barrels were received at this port
Tor The whole year. In 1884 the receipts
were in the neigh bOrhOod Of III 900 casks,
and in 1883 l33 900 casks were received.
This years crop is expected to reach 49,
900 or 1000 barrels Of spirits end four
barrels OF rosln are counted for every bar
1el OF spirits. The crop OF 1883 was the
largest ever made in this State, excepting
this yARr's, which is not near all il ye'.
Manufacturers generally are said TO nave
done well in 1885, but the present outlook
Us not so encouraging. 1t is estimated
that three-tifths OF the virgin rosin OF last
years crop is still on the market.