The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-11-21
FLORIDA'S BIG. COMBINE.
1T is TO BE KNOWN AS THE PHos-
PHATE EXCHANGE.

Representatives of Twenty-three Com
panies Sign the Report in Favor of
0an.zation-New Smyrna Asks
Recognition as Port of Entry-The
Cane Canaveral Breakwater Project
Endorsed.
OcALA, FLA, Nov. 20.-The phosphate
convention met promptly at 10 O'Clock TINS
morning and Immediately proceeded TO
hear Chairman N. T. Simmons read the re-
port Of the committee on organization.
Il was embraced in ten lines, which gave
the name Of the combine as the Florida
Phosphate Exchange, to be differed as
similar bodies are, and recommending that
this exchange should devote itself to con-
troll the output and maintain the price OF
phosphstes. The report was promptly
adopted.
Then sieners were called for. Twenty
three persons, representing that many com-
panies actively engaged 10 mining, signed
the document.
PORTS OF ENTRY.
Before the convention adjourned sine die
Mr.. Wheeler of New Smyrna stated the
natural advantages of that harbor for port
of entry and shipment of phosphstes, trust
in9 the convention would see its advantages
aud memorabilia congress for an appropria-
ton. No action was taken on this request.
MIR. Harrison of Titusville appeared in
behalf Of the people Of the Indian river and
Kissimmee valley TO get the convention to
iudorse the action of the state legislature,
which memoralized congress to appropriate
$500, 900 to build breakwater at Cape
Canaveral, where there never was less than
twenty-six to thirty-six feet OF water and
no obstruction whatever for ocean steamers
of the largest tonnage to reach and depart
from docks at will
A RAILROADS OFFER.
He said company was formed to build a
railroad from Cape Canaveral to Kissim-
NEE, forty-five miles distant That company
would guarantee a rate of three
Der mile, over its line, and as the
port charges would be less the distance to
all the phosphate fields from Alachua TO the
extreme southern end Of pebble deposits,
the saving by this line over Tampa, Fer
nandina and Savannah would be 50 tosS4
per ton.
Maj. Magruder moved that the conven-
tion approve of the request
Capt. John H. Welsh opposed the resolu'
sion, and wished it tabled.
Mr.. Bailey of jefferson, John Bishop Of
(Hernando and Joseph A. Harris OF Marion
spoke In favor of the project.
Capt. Welsh's resolution to table was lost,
and Mr.. Magruder's was adopted.
A SECRET MEETING.
The signers of the syndicate document
then held d secret meeting in the Ocala and
Blue Phosphate office, where they appointed
the following committee to draw up a con-
stitution, bylaws and formulate details TO
govern the Florida Phosphate Exchange:
y. G. 8. Sutor, OF the Hamburg company
DR.. Metcalf, of the Yellowstone company
Judge Butts, of the Crown Crescent COM
Ipany; F. NJ Simons. of the Istachatta; Mr..
.Thuilles, manager Of the French syndicate,
and MIR. Bond. OF the Ohio Phosphate Com
pany. The committee will remain in ses-
sion all the week, or until the details are
perfected, which, in printed form. will go
TO every mining company in the state, ask
fng them to sigp, when the officers OF the
exchange will be named.
REASON TO BE SATISFIED.
While the leaders of this move are some-
what disappointed that more detail work
was not done when they consider the magni
tude of industry. the interests involved and
the actual labor necessary to perfect the
work they will express themselves satisfied.
The most able and effectual workers OF
the convention we're DR.. Metcalf, who con-
ceived the idea of forming for mutual pro-
lection, Judge Butts, Mr.. Simmonsland Mr..
Sutor. BY their intelligence, information,
judgment and energy they left their impress
on the work.
1t is thought that at least twenty-five
more will sign the agreement eventually
So far none OF the larger and stronger COM
Danies are in the movement, but when the
plan is ready every mining interest in the
state will be asked to join the syndicate. L
will probably take six months to perfect
the project.