The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-06-27
NORFOLK WAREHOUSE.
The plana for the Development Of the Re.
Gently Acquired Property.
BENEFITS TO LOCAL COTTON MEN
A Great Saving Will ResuIt-BrouEht
About by United Acti on-The New
Compress Contracts Signed for
tho Building Of tho Big Warehouse
"A Common Sense Move.

=, Little has been said as yet Of the Norfolk
notice appeared q few days ago, as the
promoters Of this enterprise have been dis
posed pos a., to work without talking. but from
property In Atlantic City ward and from
the rather meaere information that tho
come public. it is evident that ono OF Of the the
orEanized II this city. has just been
That it supplies a long felt want makes
II or no less Importance, and the thorough
cilities for handling the cotton trade are
proposed to be remedied, beyond assuring
to the company financial success, the
eestinlable benefit to the local cotton trade
IN afordinE great economics In handling
curing once more for our local merchants
business which has been lost to them for
some years past.
SAVING or drayage. much cheaper insur-
ance. much cheaper storage, a lower rate
1912 for 9Sotmp3re press and saving in ocean
by better compression. These economics
should and probably will amount to some
upon each bale handled by our local mer-
chants. and this difference in favor of
n r, VIII make It much more difficult
at many interior points for Charleston
ana Wilmington to hold a monopoly, as
mas as been the case for years past
folks chief competitors for local business.
Years ago took time by the foreock and
made improvements which enabled them
to eeonomize in charges and secure much
Of Norfolks business The present move
is aimed to not only equa1 hero the i'm
surpass them.
Some months ago some of Norfolks
merchants mere were travelling from point to
class plants In operation and the plans for
development Of the Atlantic City property
e GO 1T al the the best IDEAS that could be
ter than the best plant in existence.
Inc a property IS SO situated THAT It Is
rail lines by barge. and will aid them
to deliver al merchandise at ono point
instead III or distributing It at various points.
as mas been the custom In recent years
Some criticism OF the site has appeared,
owing to ITS not being easily ACCESSIBLE to
Of tho best railway managers, owing to
the wide separation of the tcrmini of the
Southern Sou l,e, railway lines, that there Is no
ton could he delivered over tho rails Of a
belt line SO, easily and economically as by
1 IEe at the property OF the Norfolk
phe i acivnr Of the ProPSTty such
Of tho warehouses Is such that insurance
rates will DO the lowest in the United
States.
The rate for compression will be lower
than at any point In the country either
port or interior. Tho compress, which
mas been contracted for. is one of the celc-
brated 'Bferce" presses. which are known
as the most powerful md effective in in
cfeaslng the cargo carrying capacity OF
Ships. and was purchased In the interest
OF the general good of tho port, regardless
OF Its great cost
The property purchased In Atlantic City
ward. while probably tho best situation
In the city for the purpose intended, was
purchased a price fnr lower than the
value Of property heretofore utilized and
this naturally enables q considerable
economy In rentals
The gen uemen forming the company,
whlle naturally entitled to, and expecting
a good return upon the investment they
have made. are every one interested d.
mission merchant or exporter, and are
frank in saying that 1t Is their chief OBJ
1ect 10 increase business by keeping
charges down TO the lowest point consist
ent with fair return upon the money in
vested
This Is the first time the cotton trade
has united as one whole to further the in
terests of the port. and with fair amount
or co-operat!on from the railway lines,
and the shipping interests. there can be no
question of Il great increase In the bust
ness Of the port
The contracts for erection OF warehouses
signed by the officers Of the company,
and the contract for the wharf building
VIII be placed next week. The plant will
be ready for the next CROP which b{agine
to appear here in September.
The cost OF land. warehouses, wharves
and machinery Will reach total of about
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