The morning news. [volume] (Savannah, Ga.) 1887-1900, 1888-05-23
TO HAVE CHEAPER ICE.
THE SAVANNAH COLD STORAGE
AND ICE MANUFACTURING co.

/
at Odd Fellows Hall-The Artesian
| Ice and Cold Storage Men on Their
Mettle - Their Letter to the New
Company-The Cheap Ice Movement
| Creating q Lively Stir.
That another ice company is to be formed
which will be- above the suspicion of any
connection with an ice truss was pretty
well established at the meeting of
the stockholders Of the proposed Savannah
Ice and Cold Storage Company at Odd Fell
lows Hall last night. There were some
very spirited exchanges between some of
the speakers, and schemes that had miscar-
ried were limited at, but in the main the de-
sire appeared TO be to get an independent
ice company that will not go into a trust.
The meeting lasted until late hour, and at
the adjournment $4,000 bad been sub
| scribed.
The meeting, which numbered about
seventy-hve persons was called to order by
Cnarles kolShorn, upon whose motion Mr..
| Slgmund Elsinger was called to the chair.
Thomas p. Ravenel, ESQ.,, was cho en- Sec
rotary, but announced that as he was not
stockholder in the company he could only
! serve in the name Of a stakeholder. Mr.
kolsborn was then elected Secretary.
Chairman Elsinger stated that the objects
| OF the meeting were well known to ALL
There were gentlemen present, he said, who
could explain matters pertaining to tho pro-
posed formation Of an ice and cold storage
company better than himself. 1t was the
desire that stock CROUCH should he sub
scrlbed so that a company could be formed
for the manufacture Of ice, so that it can be
supplied at reasonable rates.
TO GET CHEAP ICE.
Mr.. Kolshorn said that most of those
present had Subscribed stock The price of
ice. be said, is too high Himself and others
had grown tired of paying such high prices
to monopoly, and they had concluded that
it would be a good idea to manufacture
their own ice
The chair suggested that if all present
had subscribed 1t would be we'll to proceed
to an organization
Col j. II. Estill suggested that the first
business in order would be to have the
charter read, and then go over the list of
subscribers and see if enough stock had
been subscribed to organize and accept the
charter later.
Mr.. Ravenel read and explained the
charter. 1t provides for capital stock of
not less than $50, 900, with the privilege of
an increase to not exceeding 100000, for
cold storage and for the manufacture and
sale Of ice. Mr. Ravenal explained that the
company could commence business only
after it has collected 10per cent. of its CAPT
cal stock.
Col. Estill said that he was not particu
larry interested in the ice business, but he
had become one Of the charter members by
request, and he wanted to see the company
start on business principles. There were
but 81, 900 raised Monday night.
TO START WITH 5000
The company ought not to start, he said.
with less than $4,000 capital. 1t was an
absolute necessity, under the charter, to
start with that much. He knew Of no men
who would get their money back quicker
than the butchers, produce and beer men,
who are interested in getting cold storage
and cheap ice. For such men to subscribe
500 apiece, he said, will not do. They
must do better; some of them ought to sub
scribe three, four, or five times as much.
Many of them ought to increase their sub
scription to $500, He then went on to show
that the company could not get a good build
ing for less than $4,000; one suitable for
butchers to store their meat and beer mon
to store their beer. The plant or ice machine
would take S25, 200 more, the delivery
wagons and other outfit s., 900, and then it
ought to have capital of $40, 900 for oper-
ating purposes. The stockholders would
then get cheap ice and would receive hand
some dividends from their stock. The
speaker had been informed that ice could
be manufactured for 81 80 per ton and de-
livered at cost of 81 ton, and when sold
at 81 so to SIS per ton it will yield a hand
some dividend. II the market men, butchers
and beer men, who are to make money
directly and indirectly, increase their sub
scription to $780, the company, he said,
would be a success, but if they started with
a little they would never get any nearer.
NJ. M. Sullivan was opposed to the cold
storage plan, and he wanted a 500 plant.
His idea was to rent building. If a large
capital was aimed at, he said that the con-
Germ would go to wreck.
OBJECTIONS TO A SMALL PLANT.
Col. Estill said the obje ctions to a small
plant were many. 1t was better that the
enterprise should be with view of perma-
nent investment. A ten-ton plant would
be inadequate, and il was better to own a
building for cold storage purposes than to
improve somebody elses property
Mr.. Kolshorn explained, for his commit
tee, that it had first considered a ten-ton
plant, but it found that the cost of manu-
featuring twenty tons per day, with a
larger plant, was very little more than to
manufacture ten tons with the smaller
plant.
What are you going to do with s25, 900
machinep asked Mr.. sullivan. I'VE can
have a S25, 900 machine if we want one," re-
piled Mr.. Kolshorn.
ADVANTAGE OF A BIG PLANT.
Mr.. Bender, representing New York ice
machine company, by request addressed the
meeting. He said that plant costing less
than $l5, 900 TO $4,000 would last olly
short time, and would have to be thrown
away as old iron. He explained that
$25 900 plant would furnish all the ice the
company wanted for use and sale, besides sup
plying 75, 900 cubic feet of cold storage. He
gave some very clear ideas Of cold storage.
Produce, meats and fruits are as good, or
better year hence, when pressed by cold
storage than when first stored. The system is
to absorb the gases in meat, vegetables, etc.
BY a $25, 900 plant he meant TO include all
the machinery required, and put up in run
ming order. He said that there is no such
thing in the market rs a $4,000 pant A
machine can be put up III sixty day. And
the brick walls of the building ought to he
up in thirty days. The work of both could
progress at tine snme time The cost of
manufacturing ice he said would be about
81 80 per ton, and there would be no add
tional expense in keeping up the cold stor-
age. The profit derived from cold storage
ought to reduce the cost of manufacturing
ice to 81 per ton. Cold storage is being
generally adopted everywhere, and even in
cold Toronto they are building q cold
storage room of 10000 cubic feet space.