The morning news. [volume] (Savannah, Ga.) 1887-1900, 1891-10-02
FLORIDA'S PHOSPHATES.
THE LEADERS IN THE INDUSTRY
MEET Ar OCALA.

Who We're Present.
OCALA, FLA, Oct. Pursuant to a call
for a meeting of representatives of the
phosphate companies in Florida to decide
on plan for the mutual benefit of the phos-
phate companies. the introductory meet
ing was held in the armory of the Ocala
Rifles this afternoon. The meeting was both
large and representative. Nearly 100 of
those interested were present, representing
at least City companies. The following were
among the prominent phosphate men pres
ent representing the companies named: p
III. Walters, Bellview Phosphate Company
nj. +. Simmons, the lstachatta Company
A. B. Wallar, Florida Development Com
pany; A. D. Wright, Istachatja Company
b. A. Rentz, Glenn Alice Company; NJ. G.
Reddell and L. B. Stevens, Sterling Com
pany; Louis Mccain, Royal mines Of Her.
naudo; j. G. Autoham, Hamhe Citrus Com
pany; W.T.. Adams, Ground Hog Company
j. NJ. Graham. McQuaid Company. Archer
Edwin Holder. Harbham Phosphate and
Manufacturing Company, DunneIlon
J. M. Mayo, Gulf Stream Company; P. G..
Phars. president of the Lacnooohee Com
pany OF Yalloha; r. 2. Burton. Gem of
Citrus county; V. NJ. Metcalf, Yellow
stone, fernando; John G. Riorden of
Ocala, Blue River Phosphate Company; r.
l. Buck, j. Il. Livingston and J. w. Rush
nell, Boulder Phosphate COMPANY; Ira
Bond, Ohio Company; G.. Hollins, the
Globe Company; f. 3. Lattery, the Boulder
Company; r. H. Adams, the Plate Rock
Company of Spar; J. H. DetweilIer, Cybutt
International Company, of Dunnellon; Ed
KILLER, Piedmont Phosphate Company; w.
NJ. Etheridge of Citrus, the Queen Com
pany; W. NJ Camp of Albion; j. +. White
and J. Z. Young, Lake County Land and
Lumber Company; b. H. Hsg ward, Land
Pebble Company Of Lakeland; j. Fl. Lanil,
the Mining Company; NJ. Q. Bacon, the
Iohetucknee of Jacksonville; w. M. d.
Olive of Citrus, the Queen; A. 3.
Hardmair. tho Climax of Hernando; A. o.
Mcdonnell, the Seminole Handbook and Land
Company of Jacksonville w. c. Hennessy,
Jr. Briggs Globe; w. r. King, Empire
State, K. r. Snowden, Anglo- American
Company DIR. Spierman, Diemond; S. w.
and F. A. League, Albertus Vogt and f.
w. Marshall, Dunellon Phosphate Com
pany. Besides the above Companies repre-
sented the following gentlemen largely in
terested in phosphate companies were pres
ent: E, A. Proteris Of Paris, France, Col
Spencer of Dade City. Arthur Williams
of Jacksonville, A. t. Keely of Germany,
| DIR. Stevenaor of Lsesburg, Judge White of
Live Oak, J. II. Humphreys, inspector OF
phosphate, of Tampa; w. T. Tomkins of
| Dunnellon, William Ross of Anthony, ,Mally
| Van OF ocaia, E. s. Golden Of Leesburg
j. F. Harris Of Columbus. o., and H. IT.
Harrison of the Airline Railway Com
pany.
CALLED TO ORDER.
The meeting was called to order by
Judge G. Y. Butt Of Orlando,
Chairman ]. q. Wilson of Orange Lake.
Mr.. Wilson explained the object of the
meeting, and after thanking those present
for the honor conferred upon him suggested
the necessity of a secretary. ]. s. Fraser
was unanimously chosen, and, the organ
ization being completed, Dr. Metcalf of the
Yellowstone Phosphate Company, with
whom the meeting originated, was called
upon to elucidate the object sought to be
attained. Dr. Metcalf confessed that he had
no definite plan of organization TO offer. but
dwelt upon the necessity for concentrated
action.
He was followed by DR.. T. V. Moore. who
referred to the panic now prevailing among
the phosphate men Of the state and urged
conservative action Nothing could be lost
by delay among the operators, who might
confidently look to time for the relief that
was sure to come. DR.. Moore enlarged at
considerable length upon tae necessity of
the utilization of soft phosphate, which III
his Judgment might be done by opening a
home market which would in itself enable
the industry to tide over the crisis.
Upon the suggestion of the chairman a
list was made Of all present who were en-
gagged in actual mining or in preparation.
Editor Frank Harris of the Bunner was
appointed assistant secretary, aud the list
l. GNaI # flrr, 4,
arose and made a speech, in which he said
that phosphate prices had now fallen to a
point where mining was Improbable. No
panic was possible without ignorance, and
in this case neither the buyers nor the
operators knew enough of the conditions
prevailing to act intelIigently.
UNITY URGED
He referred to the Phosphate Exchange of
Charleston, and in conclusion urged unity
of thought and aston, and the formation
of committee to prepare scheme of or
ganzation. The crowd now began to SEQ al
land ahead, and Col. Badger concluded
amid round of applause.
After some discussion it was finally de-
cided that the committee should CONSIST oi
seven members, who were named as follows
by the chairman: john F. Dunn of the
Dunnellon company, e. w. Agnew of the
Marion company, V. NJ. Metcalt Of the
Yellow Stone company, G. NJ. Stevens OF
the Hardwick company, w. r. King of the
Empire State company and c. Y. Butt oi
the international company. The chairman
was made ex-otficio member of this com
mittee. This committee is TO frame such q
scheme Of organization as shall seem expe-
dent which is to be submitted to the ad
journed meeting Nov. 19.
Upon motion of Judge Butt it was de-
cided that the committee make prelimi-
nary report at o'clock tonight, 70 which
hour the meeting was to be adjourned.
Mr. Tudor Of the Hamburg company was
the next to deal with the matter in hand,
and gave q rapid and intelligent explana-
tion Of the difficulty, which from his poTp
of view was due solely to the profuse offer
| ings OF phosphate as yet unmixed. de at
tached little weight to DR.. Moore's views
and after referring to the manner in which
similar difficulty in Belgium had been
met by concerted action in reducing the
| OUTPUT he advocated such q course here
European market.
John G. Reardou spoke in a similar strain
and ascribed the difficulty to the fact thai
| prices had fallen aud freights risen. Their
house, he said, was divided ag inst itself
and the only remedy lay in protection
against undue haste in throwing phosphate
upon the market.
BAILEY's ROCK NOT REJECTED.
Hon e. B. Bsiiey was next called upor
to give bis views upon the European mar
ket, which were. upon the whole, encour-
aging. His rock, 50 far from being re
iected, as reported. had been soil In Elg-
| laud for II pence per unit Mr. Bailey re-
go a a.