The times. [volume] (Richmond, Va.) 1890-1903, 1899-07-28

rate. mill men are turning their atten-
ton 90 the development of hardwood tim
Der tracts. The extension of railroads
which will tap the rich hardwood Sec
ti0ns of the South and Southwest Will In
augurate a development OF hardwoods I'm
the next decade which will sWeH the
volume OF business In foreign and domes-
tie trade 20 a remarkable degree.
rs COTTONSEED OIL.
To the news of the organization OF
many independent cotton seed OH mills
in various Southern States has been add
ed this week that of the organization of
the Continental Cotton oil Company with
a capital stock of $4,000, which
promises 10 have a very important ef-
feet upon the development of the oil
trade I'm the Southwest. This company
has been formed by the consolidation OF
the Paris oil and Cotton Company the
Corsicana Cotton OH Company the Cen
trail Texas Cotton oil Company, the
Waxahach.e Cotton oil Company the Lac
donna Cotton oil Company the ShreVe-
port Cotton Oil Company and me JACK
son Cotton OH Company. These mills
are in the heart of the cott0n-srowlng
territory OF the SOUTH and with ample
capital secured the company can extend
its operations by building new mills IN
the rapidly growing cotton districts ot In
dian Territory and az other Southern
points. The mills which have been in-
cuded in this consolidation have. IL Is
claimed. been nOtedly successful financial
ly. and their owners and managers rank
as among the foremost cotton oil mill
people of the country. I'm commenting
upon this development the Manufactur-
crs Record says:
TIE SOUTH CONSERVATIVE.
"There is just cause for public COM
plant against many Of the cancellations
of Industrial enterprises brought about
during the last six months. AS many of
them have been over-capi,aIzcd and are
without any sound basis for profitable
business except in times of prosperity,
but it is fortunate that the few cOnsOl-
dati0ns SO far effected Do the South seem
to boz free from these objections, the pro-
porfies having been secured at bedrock
cash basis while the capital furnished
by the public goes in for enlarged opera
t0ns and increase OF earnings. The Com
tinental Cotton oil Company. therefore.
VIII add 10 the general prosperity Of the
South by very largely developing one OF
the most important and most profitable
Industries In the South The very ma
ture OF the cOttOnseed oil business guar
antees It's perfndOuencA To tue Soulh. il
ls more certainly the Souths business.
without danger from any rivals than
even cotton manufacturing
There has been some unfounded fear
that the cotton oil business. so essen
dial % the Souths prosperity. might be
dominated by a trust. but the organiza-
ton of many independent mills and Of
this Continental Cotton OH Company
guarantees that this Industry will con-
tinue 10 expand on a profitable basis"
The phosphate interests of the South
are undergoing rapid expansion. Last
week the statistics of the remarkable in
crease IN phosphate mining in Tennessee
We're given and this week We have The
details OF cash increase OF 10000 Of
capital Of the Virginia Carolina Cehmlcai
Company. which will be used for the en-
largement of the phosphate mining and
fertilizer manufacturing interests OF this
company