Semi=weekly graphic., 1899-08-02
ANEW COMPRESS MIR. E. D. RUSSELL WILL sI,oI CEED IN HAVING
 ONE
ERECTED AT PARAGOUln
It Will Be in Operation By OctDh. 1st-Capital Stock $4O,OOo
 $18,OOO Paid in,

the erection of cotton compress
 Paragould, provided he could o., sufficient assistance from the bn.
 ness men and me' chants of this oit. arrived here on the Cotton Belt n., senger train Wednesday morni5s says the Paragould Soliphops Events. He registered at the Sta, cil hotel, and during the morni5. was busiIy engaged in talking vis the leading citizens of Paraeoo5 and promoters of the enterpriss and as a result of his efforts and tbs public spirit and enterprise of tbs local capitalists, the Soliphone k able to announce that the cothr compress will be erected and in operation in Paragould by the first day of October.
 Mr. Russell is hustler in ever sense of the word, and when b, finally arrived in the city, after many delays and postponemeab caused by his many business obliga tions elsewhere, he allowed no gras to grow under his feet, but wents work in earnest, with the result that in short time the moyemenI had taken decided form and eyerr thing was in readiness for organia tion by the time sAt for it. At o'clock in the afternoon a meeting was held in the apartments of tde board of trade in the Bertiq block, and an. organization of the Para gould Compress Company effected
 The company will be organRsd under the laws of the State of A.. kansas, and it's capital stock will os S40,000, with $18,O00 paid up capt tai. The plant. It is intended, shall. cost the full sum of $40, 900, and will be one of the finest in the south 1t will have capacity of 1, 300 bales per day of twenty.four hours, aud the purchase of the machinery will probably be concluded this after. noon. The directory of tne com. pany IS composed of the following well known capitalists and business men of Paragould: E. D. RusteI. Pine Bluff; ". c. Nasty, Ricba3 Jackson, Ad. Bertig, M. F. Collier As yet the officers of the compaug have not been elected, but will probably be elected at the first meeting of the directors, which will be held ia a short time.
 During the meeting of the mem bers of the company at the board of trade yesterday, Dr. Webb, a mem. Der of the Webb Cotton Compress Machinery Co.,, Of Minden, La, was present explaining the adYan tages of his machinery over that of other companies; and although it has nQtI yet been decided what machineryI will be used in the Paragould plaut, It IS thought that the Webb patent will be used. He claims for his ma chine a capacity of 1,5OO to ths twenty-four hours. Dr. Webb agrees to have his machinery in position bg the first of October, ana already for business, if his machine is selected for the Paragould plant.
 The directors have not as yet se- lected site for the compress build ing, but have several different pIats of ground in view, any one of which would be an admirable place for the plant. This matter will be disposed of as expeditiously as possible, but there will be no undue haste, Jas thS officers are determined to get tba very best site possible, and for the lowest price obtainable. As there are so many available lots for the location of the plant, this fact makes 1t practically impossible for toe k owners of the land to make the com pany pay several prices for the privilege)of obtaining possession 3o 1t, thing which the directory has determined to avoid. if possible. A present it is intended to have tbe z plant in operation by October ] II 1t IS possible to erect the buildings and Oat fha nachinaru horo and SaL E