The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-01-31
CAPITALISTS DO THE CITY
THE PHILADELPHIArY IMPRESS
SIONS OF SAVANNAH.

The Penn Mutual Life Insurance Com
pay Delegation Shown the City's
Commercial Facilities and It's Points
OF Interest-The whervse, Ware
houses and Cotton Mills Visited-The
Party Entertained at Thunderbolt-
What They Say About Savannah.
The Philadelphia capitalists, whose ar
rival in the city Thursday night was an
nounced in yesterdays MORNING NEWS,
spent the day sightseeing. The party con-
sists Of II. s. Stephens. vice president of the
Penn Mutual Life Insurance Company; w.
r. Kern, ex-sheriR Of Philadelphia, senior
trustee Of the company; Elwood johnson
Charles e. Field, Robert Dornan and
Charles Watson, trustees.
Mr.. Julian SchIey. general agent of the
company, and Maj. L. NJ. War6eld, presi-
dent of the Savannah Cotton Mills Com
Dany. took the visitors in carriages to Bona
venture in the morning. The gentlemen
we're delighted with the scenery, having in
their travels seen nothing like It, The party
then drove TO Thunderbolt. and stopped at
the Savannah Yacht Club house and
partook Of lunch. On their
~ viz SAey bhCg AbObPOe ~ bdC tOd-
vannan cotton mills, through which they
were shown by Maj. Warfeld. The visitors
expressed themselves highly pleased with
the mill. After returning to the city they
were taken through the principal streets
to the Office Of Mr.. Schley, on Bryan street,
where many leading citizens called
and welcomed them. The party was after
ward joined by Col. William Garrard, Ed
ward Karow ]. p. Williams and l. G.. Haas
Ra-antQrinor thar fhau dro1a 20
the Ocean steamship wharves and the water
works. On their return they were taken TO
the cotton exchange, whero they were ex-
tended Its hospitalities. Here they viewed
the harbor, and also Hutchiuson's Island,
now the property of the Middle Georgia
and Atlantic Railroad Company, in which
two OF the visitors are interested.
A representative Of the MORNING News
saw the visitors at the De Soto last night
rhey are all solid business men of PhiladeI-
phia. MIR. Dorman is a carpet manufact-
urer OF wide reputation; Mr.. johnson is an
importer Of silks; Mr.. Watson is one of the
largest dry goods merchants of the city;
Mr.. Field is d wholesale hardware dealer, and
Mr.. Kern Is president of the Peoples Bank.
They reprenseat wealth and influence,
being six OF the twenty-seven trustees of
the Penn Mutual Company, and officers
and directors In nearly all the banks and
Mr.. johnson Is at the head of the party,
and when asked about his visit, he said
1.-THE agency committee Of the Penn com
pany felt that, owing TO the growth of the
business in the south, 1t should
pay a personal visit. The desire Of
the company is TO keep the standard
OF the agencies up to that of the
main institution, thus protecting the pa
irons of the company in all sections of the
Tho ho ID
amount Of money invested in the south. and
large number of agencies recently estab-
lished in the southern states, the committee
is visiting those agencies for the purpose of
inspection" ~
Mr.. Watson said the policy Of the COM
panY is 10 put the money it wished to in
vest in those sections in which its patrons
are. p- 8t
Mr.. Field has not been in Savannah since
1850, and he spoke very fatteringIy of the
city's progress and future.
Mr.. Stephens was in Savannah ten years
ago, and be is surprised at the improve
ments in the last decade.
The visitors spoke warmly of the hos
pitality extended them by the citizens.
Say whatever you wish aud we will in
dorse it, was the way they put it. ''Sa-
vannah is really the most enterprising and
progressive city we have seen since leaving
washington Her natural advantages are
unsurpassed. With her rail and water
communication there is no reason why abe
should not become the foremost city on the
South Atlantic coast She needs more
capital and with her steady. solid growth
she will soon secure that Savannah GER
tainly has bright future"
When approached on the subject of the
Middle Georgia and Atlantic, in which
some OF them are interested, they said they
preferred to leave that to the promoters OF
the company here. The committee has
travelled over a great territory, and several
OF them have been travelling in Europe, and
when asked about the De Soto they said
they were surprised to find hotel of such
splendid appointments in the south.