The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-04-19
PINE AND PINE LANDS.
The SOUTH ATLANTIC LAND AND
LUMBER COMP ANY'S PLANS.

What the Company Proposes to Do.
something About It's Mills and
Lsnds-Area OF the Pine Territory.
Increase IN the Valus OF Pine Timber.
The Cause Of the Tncrsase-O.h her
Facts Of Interest.
The South Atlantic Land ard Lumber
Company has about got its affairs into
shape AS already stated in the MORNING
NEws, it was Incorporated at Da-ien
recently. Its capital stock is IS. OJO.O0O. and
tits managed by three directors. The Ium-
Der firms which were amslgamated to form
the company we're: The J. K. Clarke Lum-
Der Company, J. j. McDonough a. Co,
stllwell, Millen & Co., the Normandie
Lumber Company, Hilton, Dodge & Co.
and George F. Drew. Mr.. Drew's interests
we're all in Florida. The interests of all
the other companies were in Georgia.
The South Atlantic Lumbar Company
owns twenty-nine saw-mili plants, hun
dreds of thousands of acres of timber lands.
great many miles Of railroad, and large
number OF sailing vessels. lis cut amounts
to over S00.000,OO0 feet year. 1t manu-
features lumber only on orders. 1t is not
its purpose to keep lumber in stock. The
company virtually supplies the demand OF
the domestic market on the Atlantic coast
tor Georgia and Florida pine lumber,
which is the best pine lumber in the world.
NOT A TRUST.
The company is not q trust. The firms
which have gone into iU have parted with
their individual holdings forever, aud have
received the stock of the company for
them. And the lumber firms on the South
Atlantic coast which have not gone into the
company have the opportunity to do so.
The new company will have advantages
which the firms which united to form it did
not have. Many expenses viii be dispensed
with and a ruinous competition will be
avoided When tho demand is active as
many mills as are necessary to supply it eau
be run, and when il is light some of the
mills can be shut down.
The formation of the company was not
sudden thing. 1t was the work of NO or
three years. All admitted the advantages
of union of interests, but the difficulty was
to find a basis upon which all interests
could be harmonized. Finally a willingness
all around TO make concessions rendered it
possible TO reach an agreement.
As already stated, Georgia aud Florida
pine lumber is the best in the world. lis
superiority consists in it's hghtness and
strength, and il is a timber that, in the
course OF Tune, VIII disappear altogether,
for, unlike spruce, the Georgia aud Florida
pine does not reproduce Itself. Land de-
nuded of spruce has another crop ready for
the woodmsn's ax within six or seven years
Such is not the case with land upon which
stands the pine.
WEALTH IN PINE LANDS.
The pine lands of Georgia and Florida are
increasing in value quite rapidly now. That
is owing to the fact that it is beginning TO
be uuders GOD that the supply of pine
timber is not inexhaustible Within the
last four or five years toe increase in ths
value of pine lands has been about 100 per
cent 1t is safe to predic that the increase
will be even more within the next five
years.
And the pine timbar territory is not so
very extensive now. 1t Is about all south
of line from Georgetown, s. c., to the
Mississippi river, and it extends back from
the coast only about $50 miles. 1t is esti.
mated that fully 80 per cent. of the timber
has been cut from this territory,
and the demand for pine timber
is greater than ever before. 1t is
not to be wondered at, therefore, that pine
land is growing in value. The time may
not be distant when the pine lands of
Georgia and Florida will command as much
in proportion to the amount of lumber they
yield as those of Michigan.