The morning news. [volume] (Savannah, Ga.) 1887-1900, 1899-11-09
PRODUCERS WOULD PROTEST.
INVENTION WOULD BE HELD
AGAINST A COMBINATION.

that Is What a Prominent Factor
saddle Has Seen So Many IndI-
cations of Objection Among the
Producers That He Believes They
Would Make Vigorous and United
Efforts to Prevent "A Combination
ucinS ERected-MOre Arguments
That Are Adduced to Show the
proposed Combine Would Hurt the
producers-There Are Factors Who
Heaard Exporters With Favor.
The belief is growing among the busi-
ness men on the Bay that the talked-of
combination of naval stores interests in
savannah will never be consummated. A
,r5rinent factor said yesterday that he
er7,1v believes the scheme is dead beyond
oil hone of resurrection. He was asked
for his reasons, and replied that the be-
lief is induced by the opposition that has
snrung up among some Of the factors and
nearly all the producers, so far as he has
been able TO learn. why" he said, "the
rro5ucers would never submit to such
filing. Tney wouldn't allow themselves
m he sold out to e trust. The experience
If the past in other lines of business would
he all the argument they could want to
show them the folly of acqulescing in any
such PLAN
Many producers have called in person
on their factors to demonstrate against the
combination One factor said that his
firm had been visited by a number, and
their protests have been supplemented by
others received from producers by letter
The gentleman said the operators are
getting wrought up over the question, and
that positive news of combination hav-
ing been effected would undoubtedly result
in a convention of producers who would
enter a vigorous and united protest and
oblgate themselves to have no dealings
with the concern,
From the start there have been several
Interested in naval stores who have insist
ed that the proposed combine was i'm
practicable. They anticipated this opposi-
ton from the producers and believe the
latter would be able to control the situa-
ton if allied with exporters and the few
laval stores factoring concerns that are
understood as not having figured in the
plan of the promoters of the combination.
The financial questions involved would
also be great and those opposing the
amalgamauon have expressed the view
for some days that the project could not
be financed
1t is difficult to ascertain just what ma
val stores factors were included in the
advances made by Messrs. Garrett and
Barber While others in the city may
not, also, have been approached, it is stat
ed positively by a factor that the firms
Of Hunter Pearce & Battey, Chestnut &
O'Neil Greig & Jones and the Savannah
Purchasing Commission Company were
not included. 1t is said further that the
Savannah Naval Stores Company, though
approached, did not view the proposals
with much favor after consideration, and
failed TO give the desired option.
A factor who SCOTS at the position as
sumed by some of the factors relative to
the exporters of naval stores, says he re-
CARDS the several large exporting firms of
Savannah as unquestionably the friends
of the naval stores business, and the means
OF keeping the prices on the product at
the highest possible notch. He holds that
1t is the competition of the S. p. Shot
ter Company, Paterson, Downing & Co.,
the Antwerp Naval Stores Company and
Mr.. James Earle, Jr., that maintains prices
az ialr hgures and enables the producers,
through their factors to reach the consum-
ers of the world. He regards the export
ers as a necessary adjunct to the business
mat should be encouraged, rather than
maligned
The argument advanced by some in favor
OF the combination that it would pro-
mote the interests of the producers was
met by an opposing factor yesterday with
the query as to why the philanthropic cap
haHsts did not come to the operators
rescue during the years of naval stores
repression when an elevation of the
prices would have been so welcomed. He
Went on to say that it is strange that
now, with prices hanging about The fifty
mark, it should suddenly occur to the
phianthropists that the producers need
their help
Prices, too, according to the same fac
Tor are sure to go down if a combina-
tlon takes hold of the business. He in
troduced the case of the oil producers
IN pennsylvania and Ohio as parallel to
tnls now before the naval stores pro-
uucers, saying the oil trust took charge
OIL the business and ran the prices down
from the paying figures at which they
stood While the interests were divided,
ana he believes the same thing would
De true of naval stores combina ton.