The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-01-23

] sulAAcci duu are easily ICunu, Delng unllk'
the South Carolina deposits in this respect.
TIE MARION PHOSPHATE COMPANY.
| WHO compose the Marion Phosphate
| CompGnyF'
We have associated with US E. W. Az
ne" and T. NJ. Brown OF Ocala. The former
| Is one OF the most prominent bankers and
merchants Of Florida, and Mr. Brown is 9
live real estate man.
Ihe people know the value Of their land
IN that section" said Mr.. Baldwin, 'and
some pretty stiff prices have been paid, run
mug up into several hundred dollars per
acre for land offered six months ago at e.
per acre, with no buyers. That whole ssc-
tion OF the state is phosphate wild, and
there VIII be large amounts Of money lost
before the excitement quiets down again, as
most OF the land nov held for sale is at iu-
hated values and has very little mineral
phosphates on it, the best lands having been
already taken by permanent investors.
we are now organizing the
Marion Phosphate Company, TO own
and mine this deposit, and shall
sell as much Of the rock as posi-
Die IN this country for the benefit Of our
nome people in the south, though we shall
probably be compelled to export a large
part Of our product. The baldwin Fer
tlllzer Company will own the large ma
Jorlty OF the stock Of the new Company,
whose headquarters will be in Savannah in
connection with our office here, so that the
aHairs or both companies can be easily
directed by the same perso S.
TO ERECT LARGE WORKS.
DO you expect TO erect buildings and
machinery there on as extensive a scale as
your works at Port RoyalF'
Fully so. We shall erect near Blue
Springs large works to prepare the rock for
market by crushing and drying it, although
it is naturally very dry and will need very
little preparation before shipment. We
shall erect kilns for drying, and crushers
with a capacity of from 200 to 300
tons per day, with all the usual equipment
OF steam digging machines for handling
the rock economically. The Silver Springs.
Orlando and Gulf railroad now runs direc -ly
through the center Of large portion of our
property. and il now being extended
directly through the center OF the balance.
We are now mining within 100 feet Of the
track, and already have private siding for
USES
"You are reported to have purchased a
much larger block Of these lands than the
records disclose. Do you object to state to
what extent you have invested in Florida
phosphate lands?n
Mr.. Baldwin laughingly remarked that
there is no reason to keep anything back.
I'VE own somewhere between 25. 600 end
3O,OOO acres Of this phosphate land. We
have at work a corps of surveyors, miners.
prospecters, etc, mapping out our prop
erty and marking all the deposits. Besides
this, we have a fully equipped chemical
laboratory at our Blue Spri1 gs headquar-
tiers, and we expect to be in full swing, ex-
porting and selling rock freely by Ssptsm-
Der next"
BELIEVES IN PHOSPHATE
Mr. Baldwin is very much enthussd over
the purchase, and gives quiss an interesting
description of the romantic surroundings of
the Florida headquarters. He SAYS, I'm ad-
ditioa to our phos ohete deposits the greater
part OF our land is finely timbsred, with
numerous saw-mllls near at hand. We own
some 530 acres of orange groves from which
oranges, and within two or three years our
annual orange shipment will be five
times that amount. Our Blue Spring
property surrounds the finest spring
in the United Ststes. a far pret,
tier one than the celebrated Silver
Springs. A large river of the most brilliant
blue water, fifty feet wide, aud from five to
ten feet deep, flowing from three to four
miles an hour, gushes from the foot of
hfty-foot bluff, on whose summit is situated
our Florida headquarters, from the piazza
OF which you can see for a mile or two
down this river. the Wikiva, which flows
for three miles through our phosphate beds
before entering into the Withlacoochee
river"
1t is reported that extensive deposits of
phosphate are being discovered in fernando
county, and especially in the vicinity of
Brooksville, and it is said that Prof. Bradley
OF Boston has authorized friend at Brooks
vile to invest 100000 in phosphate lands
in that section, if the phosphate rock can be
found within reasonable distance from the
surface