The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-05-13
GEORGIA THRIFT.

The Cordele Cordeledn. although enlarged
twice within year. is now to issue as a
seuli-weekly.
extensive clay works are to be estab-
rsLed near Taylor. At first jugs will be
the principal product
great many new residences are in
oonrse of erection in Columbus. The build
inc boom is constantly growing greater.
George C. Hall, who has been doing a
rsne-ai mercantile business at Crawford
for the past ten or twelve years, has failed.
II is said that contracts have already been
lat for the building of sixteen handsome
resiiences on Lee street. between College
street and Lection park, at Americas.
Jobn C. Nicholson will shortly begin the
erection, of two handsome residences upon
The property at Americas recently pur-
chased by him from Judge J. A. Analey.
DR. J. II. Rankin, c. P. Byrd, W. J.
Campbell, Mr.. Loyless and others, have in
terested themselves i'll the establishment of
an electrotyping foundry in Atlanta. The
plant is to cost SlO,OOU.
The Sandersville Manufacturing Com
pan7 has formally applied to the superior
court for a charter. The object OF the
company is the manufacture of furniture
and other useful articles.
Plenty OF timber can now be obtained in
Americas. 1t Is said that the number of
saw-nills on the Savannah, Americas and
Montgomery road has been fully doubled
within the past two months.
Ninety-fve thousand dollars of the S100, 900
capital stock of the new acid works to be
located in Macon by the Central City
Guano Company has been subscribed. Only
$4,000 more is needed. This sum will
soon be forthcoming. Organization will DO
effected in few days.
Tom Guice, w. T. Minis and E. c. Speer
about three months ago purchased a two
acre tract of land on Hill street, Americas,
paying $500 for it. Although they have
several times received good offers. they re-
fused to sell uutil Friday, when w. j. Har-
per purchased the property, paying for it
81, 500.
The entire property of the Gainesville
Cotton Manufacturing Com any was sold
at Gainesville Thursday by Dr. Robert E.
Green, the receiver, to the highest bidder,
and was purchased by Col. Samuel c. Dun
lap for S10,650. The factory cost S35, 900
two years ago and is fine property. The
liabilities of. the company are $4,000 IN
round numbers, and as the properly sold at
q sacrifice the majority of the stockholders
will lose all their stock and the creditors
will mourn as those who mourn without
hope. ...
Lexington Echo. There have been some
recent discoveries in mining which may
affect the mines in this county. Edison,
the great electrician, has discovered a pro-
cess of separating gold from ore and baser
metals by means of electricity at very
small cost, which. should it prove a practi-
cal SUCCESS, could be used III our mines. By
this process it pays to work ore which
assays S. per ton, while some of it found
in this section assays as high as $40 and
none less than $40 per ton. We hope to see
our mines in full blast some day.
A charter will be applied for in a few
days by the Ocmulgee Valley Lumber Com
pauy of Macon. The business of the corpo-
ration will be to manufacture the fine hard
woods that grow in such abundance along
the Ocmulgee river. The collection in
cludes twenty-five varieties, as follows:
Overcup oak. white oak, red oak, water
oak, post oak, yellow pine, white hickory,
white poplar, red elm, beech, white ash,
sweet gum, scaly bark hickory, sugar berry,
sycamore, cottonwood, persimmon, tupelo
gum, dogwood, white elm, white birch, red
birch, maple, cypress and black mulberry.
At the Philadelphia, Pa. exchange day
or two ago. NJ. Thomas g. Sons offered at
auction 81, 500 of per cent. bonds of the
Central City Street Railway Company of
Macon, Ga, and $4,000 of Macon (Ga.)
Gas Light and Water Company first con-
solidated IS. Securities of these kinds are
included in the list of assets of the Ameri-
can Life Insurance company, and consider
able interest was manifested when they
were offered. Twenty five per cent. or $3.50
for each 81 GOO bond, was bid by Sailer &
Stevenson for a customer. No other bid
was made and the bonds wero withdrawn.
Americas Recorder: One young Amer
icus man who has been specializing in a
quiet way in Americas stocks has found
them to be very profitable. Several months
ago he sold a piece of property for about
$500. With the money he purchased four
shares of investment company stock, which
was at that time only quoted at slight adj
vance, A week ago he sold this stock at
$500, and with the proceeds secured twelve
shares in the Americas Grocery Company
The stock of this company cannot be
bought, and yesterday the young speculator
refused an offer of Is per cent. advance on
his holdings in the company. In three
months has an investment of $500 almost
trebled itself, for it is now worth at least
$l,400.
Fernandina fla NeCs. o. G. Darling of
Kings Bay is in town to-day. He states
that the finds of phosphate have been
numerous in different parts of Camden
county, and some of it assays high. He has
fished up several fossil teeth of great pro-
portions and has one in his possession of
which he sent sketch to the Smithsonian
Institute, and it was pronounced the tooth
of mammoth. 1t is also said that two
colored boys fishing for drum in Cumber
land river recently brought I'D a tooth
weighing twelve pounds. And at Fosters
log landing on Satilla river the rolling logs
frequently uueerth sharks teeth and other
animal fossils. Mr.. Darling says the people
of Brunswick are quite jubilant over the in
cations of phosphate beds so near.
The Georgia Minining, Manufacturing
and Investment Company, one of the larg-
est concerns in the state, held its annual
meeting the other day and elected officers.
Julius Brown was elected president; Soma
tor Joseph e. Brown, vice president; Frank
lin Weld of Boston, general manager, and
Elijah A. Brown secretary and treasurer.
The directors elected are Julius Brown,
Joseph E. Brown, Jacob w. Seaver, Rob
ert J. Lowery, Elijah A. Brown, Franklin
Weld, Joseph M. Brown and Willard z.
Ward. The company owns the Dade coal
mines, Rising Fawn furn ces, which make
about 100 tons of iron a day, the Chatta-
nooga furnace of about the same size and
the large body Of iron and manganese land
IN Barlow county above Gainesville. In all
the company owns and operates about
twenty miles of railroad at its different
works. The Barlow property lies in the heart
OF that fine iron region which is yet marked
by twelve of the old rock furnace stacks
that were built before the war. 1t also lies
very close to the famous Etowah property,
rrl, IL. Il I IN NJ