The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-11-17
THE GROW III OF MEMPHIS
THE NATURAL CAUSES THAT
MAKE UP ITS BOOM.
The Compress Company Preparing
TO Meet the Tide Of Business
Rapidly Coming In.

An APPEAL reporter ran acro;s Col.
Montgomery on Madison ftrest YES
tsr1ay afternoon and questioned him
concerning the plans of the Memphis
Storage aud Cotton Press Association,
OF which he Is president, with refer
ence to certain Improvements which
were said to be in contemp alton by
the company Col. Montgomery de-
clsred his readiness to give any in
formation on the subject in his posses
sieu.
"Tbe APPEAL would like to know"
said the reporter, something de finite
and authoritative concerning the i'm.
provements contemplated by the
Memphis Storage and Cotton Press
Association.
"The Compress Company" replied
COL Montgomery, real zes that there
ia q probability of Memphis be-
coming within the next five
years market fer the sale
and purchase Ct cotton to the extent OF
10000 to ], coo, 000 balee. This opin-
ion is based upon the fsct that within
a radius OF $50 miles from Memphis
fully LOCO 900 bsles are raised annu.
ely, and that just SIS naturally IS
water seeks its level must that cotton
come to the point where it can
be most atvantageously handled,
aud that point is Memphis.
To handle this inevitable Increase
10 our cotton receipts snd 10 afford ev-
cry facility for its rapid transportation
the Compress Company has deter |
mined 10 enlarge its capacity and ex-
tend It's facilities for moving the sta
pie to double its present limits. 1t is
our purpose to so increase our cspac.- |
ty as 10 be able to carry, handle and |
prepare fer shipment SO 900 bales st
one time. In order to accomplish
this result we contemplate an increase
OF two powerful pr, sses in addition TO
the five now in use, one 10 be located
in the navy yard, on the west side OF
the railroad tracks, and the other on
the vscant property OF the com pany
in South Memphis, adjoining the de.
pot Of the Kansas City railrcad, 1t is
also our intention 10 erect at the lat
Ter point lerge cotton ware
house, with simple strrage room
for all the freight that may come to
ue. Tie capacity Of the navy yard
presses will be increased from 10000,
The, present figure, to 10000 bales.
This will necessiate the erection of
additional platforms and inclosed
sheds along the river front
extending from Winchester street to
Auction street, which will give lis a
Wharfage of HOO or 1900 feet, and en-
able all river freight carriers to han.
die cotton for shipment with ease and
convenience. That work has al
ready been begun and forty
men ere now engaged on it.
This will not only be of immense
benefit to water carriers, but to the
as the Chesapeake and Ohio
railroad tracks ron parallel with the
proposed extension Of platform"
"What will be the cost OF the con.
templated improvements
"Ahout Sl50.000" g
"Will the new presses be ready for :
business next fall%' Il
"Yee. Also the large warehouse to Il
Ie erected IN South Memphis. This n
s intended TO meet the new demands 81
lpon our facilities likely to be oc- 6,
asioned by the completion of the B
Memphis, Birmingham and Atlantic 81
Dad to Tupelo, connecting with the c
Mobile and OHIO road, connection a
which, it is sad, VIII be contaminated b
" May l, 1887" a
"Can The roads now running into L
demL his, and the steamboats, doing O.
'usine here, handle all the rot on 81
which yOu think 10 destined TO find its
ray to this msrket?"
Undoubtedly. There ere the barge
ines running up and down the river,
arriving cotton in either d.
ectioD, the Az Choir Line, the al
iemphis and Cincinnati Packet T.
the Louisville, New 81
)rleans and Texas IA lroad, tho Mis- CT
sippi and Tennessee (now d
illinois CenIraD, the Memphis tt
nd Chsrlestan, the Louis n
lille end Nashville, the Chesapeake
nd Ohio, and the Kansas City and
These outlets are suf- ,
cient 10 dispose of million bales %
i bout impeachment, and give to "
1emphis superior advantages as a "
otton market. In feet, it is no exsg. ~ ~
Grafton to say that Memphis now 81 ~
ffers both to the planter and cotton ~
uyer facilities thst are unequaled in "
ne United States. 1t may not be p
eneTalIy known, but it is q cold and &c &c
'ozen fact that the rate of freiOM on e
,tion from Memphis 10 Liverpool Is 30 IL, -
'ntS a bale less than from NeW Orleans 10 ~
liverpool. This enables cotton buyers ~
} pay one-sixteenth of cent more 10
" cotton in Memphis than in any W W
Their Southwestern market. The uner- az az
ng instinct of the cotton exporter 81
as already discovered this and they ~
re coming here by twos and threes, We
laking no great stir but getting in "
leir effective work Just the ~ ~
lme. This is why Memphis a.
I'D twice as much cotton as New Or ~ ~
ans did last week, and this condition ",
things is bound to continue, only ~ ~
lore 30. The Compress Company does =,
OF desire to throw any obstacle in 10
le way Of our city's development, H
ence it is taking time by the forelock
I'D making preparations to handle all
le business that may come along" be
"Wbat is the financial condition OF 70
1ur company" pc
ST is first class. The company is lal
ltirely out of debt, and fully able to Ell
axe the contemplated out ay." ra
With this assurance the reporter an
# Col. Montgomery to the pleasant fat
Elections induced by the receipt of a co
ter from promin mt turf magnate, all
mp'imenting him upon the superior q
lvantages offered by Memp his as TT
inter resort for horses. pr
2OA Main. "a