The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-02-20
CANvASSING SOON TO BEGIN.
COMMITTEES APPOINTED TO RAISE
INDUSTRIAL FUND.

Nights Meeting and the Industrial
Situation Discussed with Interest.
Addresses by Capt. II. {. Canning
ham, Mr.. ID. II. Lester and r. VI.
oliver. Esq-The City Divided Into
Fourteen Divisions with Large
Committee in Each.
The meeting OF the enlarged committee
of the Savannah Industrial Association at
the Metropolitan Han last night marked
a very decided step forward in the in
dustrial movement. The meeting was not
only the largest since the preliminary
meeting at the City Exchange, but it was
thoroughly representative one. Better
still, those present showed decided in
terest in The movement and evinced a de-
sire to render aid in every way.
Had 1t not been announced that no sub
scHptions would be asked for az this meet
ing it is very likely that a fine beginning
towards securing the desired capital could
have been mad. One gentleman was
heard to remark al the close of the meet
ing that he would head the list with a
subscription for $1,000.
Col J. II. Estnl chairman of the Com
mittee of Twenty, presided There were
about seventy-fve gentlemen present,
showing a very satisfactory response 10
the Invitations sent out 10 become mem
bers of the enlarged committee. Others
sent letters explaining their absence, some
being compelled 20 be out of the city.
Letters of this nature were read by the
secretary from ID. A. Denmark, Esq, Col.
George A. Mercer Hon F. q. duBignon,
I MaDnppffob
merry, Mr.. J. +. Minis and Mr.. c. +. Prem
dergast, all OF whom expressed hearty
sympathy with the movement and a de-
ssire TO aid in every way possible
MIR. Denmark letter was received with
especial approval by The meeting and is
worthy of more general perusal. 1t is as
follows:
Col. j. II. Esinl, Chairman Savannah
Industrial Association, Savannah, Ga.-My
Dear Sir: Should / not be able to be at
the meeting tonight of the committee of
the Savannah Industrial Association--as
fear now will be The easel do not want
my absence to be construed into lack
of interest in the purposes and objects Of
the association.
/ am heartily in accord with the spirit
of the association, and will contribute
what / can toward its success. Were /
present in person l could not say more
than this.
and strength are now taxed TO the utmost,
and, if l am 10 be put on any committee
TO seek subscriptions, l hope it will be the
one TO call only upon the members of the
bar.
In the committees circular Of the 18th
it is stated that the claim is made that
"thirty-odd factories could be run here at
a profit" | do not doubt the statement
indeed, / would not doubt ii if the number
had been stated to be over one hundred.
trust, however, that those who know
what these things are will state them at
the meeting tonight, and that the news
papers Will educate the public on this line.
do not believe we have a dead or dying
city. There is no reason for the failure
of any well managed enterprise in Savan-
nah. There are any quantity of people
here ready 10 invest in any enterprise that
will benefit themselves and The public. The
great need in these enterprises is TO have
those in charge who will see to ii that
they are not failures. This, after all, is
the great problem which the association
has before il when it has set before the
public the enterprises to be engaged in
Regretting my inability to be present
should / not be present-and begging
again TO express my entire sympathy with
the movement in hand, / remain. very
truly yours B. A. Denmark.
The tone of Col. MERGERS letter was
also in thorough touch with the spirit of
the meeting. He said in part as follows:
am to-day in receipt of your
favor of 18th inst, advising me that
] have been elected to serve on a commit
tee OF the Savannah Industrial Associa-
ton. My heart is fully in sympathy with
the movement, but alasi my physical in
Irmity is so pronounced, | cannot see
how l can be of any practical service to
your association However, if you think
j can l am willing 10 abide by your de-
cision / could not attend a meeting this
evening, and can not promise to be often
present at such gatherings"
Capt II. c. Cunningham was called
upon by the chairman to give sketch of
the Chatham Real Estate and Improve
ment Company. In reviewing the begin
ming of the Real Estate and Improve
ment Company Capt Cunningham said
that with small b. ginnings it had been
successful, and had showed the ability of
peopie of small means to raise large
amounts of money when the subject was
properly presented TO them. The COMPANY
was Incorporated in June. 1885. he said
with 800 subscribers and a capital stock
OF $1,000. There were 500 shares at $50
a share, payable the rate of 81 a
month Dur ng the first year nearly $50
t0l was k'aid in. during the second year
about $ll7,00) and al the end of four
years the entire capital stock had been
ala up. The stock had proved a profit
able investment from the beginning ana
1t was decided to increase the capital
stock by second issue, known as series
B, CT 100000 which was readily taken ana
raid up in due time The enterprise had
proven profitable from the beginning and
some of the richest men in the communi-
W who had at first held aloof. had been
glad to buy the stock as an Investment
at the market quotations. The stock is
now quoted at 81 10 g.
CAPT. Cunningham said that the Chat
nam mad had in its favor the fact that
building and loan associations had been
successfully conducted in Savannah for
twenty-five years aud it was no new
thhS that the people were asked
10 subscribe TO- il the Indus rial Assoc
citation were able to 60 to the oeo.9le Of
savannah in The same manner. he would
nave no doubt OF its success, but instead
II was new plan. Ii was not ike seek
ing subscriptions 10 an establisAed enter
prise. Nevertheless il was worth trying
AT the same time he was afraid it would
not appeal TO the people unless the com