Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-02-04
FIVE MILLION CAPITAL
IN a KANSAS CITY PACKING
PLANT.
Tho Phoenix Packing House Sold 10 Schwartz
child & suzberaer Company Of New
lork-Bee Tor Export

Kansas City. Feb 3-Nlanaeer +
Nathan of the Phoenix Packing company
has received from George u. Parker.
president Of the company. a dispatch
announcing the sale of the entire plnnt
TO the Schwartzchild x Sulzberger com
pany of New York This latter company
came into existence as n corporation yes.
to-day and was organized for the purpose
Of buying the Phoenix plant The capi-
tal STOCK OF me new company is 5000
600, fully paid mp.
Within the next ten days the Schwartz
child " Sulzberger company will have
completed It's plans for an immediate and
extensive addition to the present plant
II Is not yet definitely known lust how
much money will be expended. but IL il
the intention of the company to make
It's establishment equal To- anything nt
present I'M the city. The company will
make speciality Of the packing Of high
grade beef cattle for the London market.
and the beef capacity Of the plant will
be devoted almost exclusively 10 this
purpose. Within a year 1t Is expected
that the company will be handling every
week not less than 1000 Of these high
grade cattle at this point
The negotiations for the purchase OF
the Phoenix plant have been I'm progress
for more than three months. but q con-
clusion was not reached until last Mon
day. Schwartzchild < Sulzbergcr have
| been engaged In the exporting of beet
from New York tn the English markets
for many years. and the Grm ~ now the
| most extensive Of it's kind IN New York
| Near New York city they have had thch
| packing. house for the slaughter of tn,
| best of western beef 10 supply Their
| export demand, aud they control the re-
| lrgeratOrs Of five large steamships ply
| Jug between New York and Liverpool
! III has been the practice 10 ship the beet
/ On the hoOi from the west 10 New York
| where II has been prepared for shipment
! abroad
Some months ago. however. Mcssrs
! Schworzchild and Sulzbcrgcr became con
| WINGED that this beef could be- packed 10
| the west and shipped TO New York nc
much less expense tbnn ii the work wcr,
| done in the East. Then began the ne
| gotlatiOns which ended vest 'rdny iu thl
| purchase of the Phoenix Packing com
| pany's entire plant The organization ~
| the new company wa, effected at th
same time and the articles of incorpo
ration wore fled iu New York later yes
! tcrduy afternoon.
! The members of the company are OK
! pccted to arrive In Kansas City mex
| Monday morning ard Immediately there
! after the detailed plans for the extension
! of the works VIII be formulated. Mana
| ger Nathun does not set know the eNuc
| nature Of the improvements, but he hu
| been informed that several large ud
! ditions will bee made To the plant, neccss
! tating the expenditure of probably 81
! NOO,OOO and subsequently, iurnishin
| steady employment to several hundre
! additional men, The company now hD
thirteen and ono-hulf acres of grom
with buildings covering only five ana
one half acres, so IL viii not be necessary
| TO buy any land Work on the new
buildings viii begin as soon as th
! weather will permit