The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-07-28
PRODUCERS REORCANIZE.
The TuTpentine Operators Association
Wants a Charter.

1t Proposes to Get to Work at Once.
It's Capital Stock S1o,ooo-The
Plans 1t Has in View-To Lend
Money to It's Members and to Garry
on General Naval Stores Business
if it Should Become Necessary to
Protect the Industry.
The Turpentiue Operators Protective
Association has applied to the superior
court for a charter. The incorporators
are: d. T. Doughtry, Albert Pridgen, j.
W. Callahan. William Pritchett, j. B. d.
WoodbUrn, 2. Il. Carter, e. e. West &
Co, r. Long & Son, y. L. Vickers, H. +.
Pritchett, r. w. Bullock, r. L. Bush, W.
b Matthews, c. G. Greer, w. O. Nance,
o. L. Nance, J. w. Hamilton, K. NJ. Pat
terson, J. X. Young and +. a. Colwell.
The capital stock of the association is
$4,000. The shares are 500 par value.
The liability of each stakeholder is linn
tied to the amount of unpaid stock sub
scription due by him.
The purposes of the association as
stated in its application for charter are:
To encourage and promote cooperation,
and secure unity OF action among those
engaged in the manufacture, handling
and sale of naval stores. thereby regula-
JlllS bllt lIdUS, OCNGlOpluR LilC DuSllGSo,
controlling the output, obviating loss or
disaster, and doing such other things as
in their judgment are likely to serve the
interests or welfare of the members of
said association, and
TO HELP ITS MEMBERS.
To secure pecuniary profit to the
stockholders of said corporation through
the accumulation of funds by subscription
TO its capital stock and other means and
l. L, L. l. 1,
same, lending to stockholders, or other
person or persons, and by such other use
or uses as the board of directors of said
association may in their discretion deem
best to make of the same, from time to
time, for the purpose of increasing the
said capital or otherwise serving the pc
cuniary interests of the stockholders
The petitioners say that the partic-
ular business which they propose TO
carry on is the naval stores bus
mess; to provide, regulate and
maintain a suitable building, room or
rooms in Savannah, as a central Office for
| the accumulation of data and statistics,
and the dissemination Of information con
| corning the naval stores business and
trade, and to effect by that means, by
! sub-associatiOnS or other methods, au in
! terchange of views and better social and
! business relations between persons en-
! gagged in said business; to fix a scale of
wages and make other suitable regula-
lations regarding labor; to protect the
members of the association, and others
| engaged in said business, from combiua-
| tions. trade speculations and oth9r
! practices whereby it is rendered
! impossible to carry on the bus
mess at fair profit, and from discrimi-
nations and other unfair dealings by com
mon carriers or others, tending to the
! hurt or detriment of the industry
TO REGULATE THE INDUSTRY.
To establish rules and regulations gov
erning its members in the conduct of the
! business, and adjust controversies be
tween them; to enforce such rules and
| regulations, and findings or awards by
fines ana penalties, or by sentence of sus-
pension or expulsion to adopt standards
! of classification provide rules and regula-
| tons, and establish uSages for the trade
and industry generally, in all phases; to
| decrease the risks ana augment
| the facilities with which the bust
ness may be conducted and do all other
things and acts necessary or proper in or
der to carry out the objects first above
specified; and to lend its said capital, or
any part thereof from time to time, to the
members of the association, or others, in
| such manner as the directors may deem
desirable or most beneficial; and if, in the
! discretion of any board of directors, it
y
order to carry out the'aforesaid objects of
this association, then, to work, manu-
| facture, sell, and in any and every way
| deal in naval stores, crude gum, turpen-
tine stills, fixtures, appliances, and all
| other material, provisions and supplies
conduct a warehouse, storage, wholesale,
retail and commission business in naval
stores, material, provisions and all other
goods, wares and merchandise; to buy,
own, hold, sell, lease, rent and otherwise
deal in land, timber and other real estate:
to buy. sell, and otherwise deal in per-
sonal property, and to make such other
use of its capital, or Otherwise invest the
same in such manner as the directors
may, from time to time, decide is best
calculated TO carry out the objects herein
before specified.
TO BEGIN BUSINESS AT ONCE.
AS soon as the charter can be obtained
a meeting of the operators will be held
in Savannah for the purpose of organic
ing and electing officers and adopting a
constitution and bylaws suitable for the
government of the association.
The Impression has gone out that it is
the purpose of the association to enter
into cooperative factorage business.
while the charter is so drawn as TO al
low the association this privilege, it has
no sucn idea said Mr. A. Pridgen, who
is one of the movers in the matter, ''un-
less 1t should eventually become neces-
sary to do so in order to protect the gen
eral welfare of the industry, which will
never be the case as long as the factors
stick to legitimate methods and maintain
their position in protecting the industry
from ruin, as they have recently been
| doing -