The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-01-17
TO ORGANIZE FOR FACTORIES.
STEPS TAKEN TO FORM A CITIZENS
INDUSTRIAL ASSOCIATION.

Meeting at the Exchange NesteT-
day Providing for an Association
with a Capital of S15O.000 TO he
Secured by Public subscription,
the shares to he 500 Each. Paya-
BILE 81 MonthlH-A Committee of
Twenty Appointed TO Perfect the
Organization and Report at IA
Subsequent Meeting-A Large At
tendance and an Interesting Dis
cussion.
The movement inaugurated by the
Morning News in It's editorial of Dec %
last entitled "Savaunah's Great Need"
and urging the establishment of factories
as a necessity to the industrial and com
mercial life of the city. resulted yester-
day in the preliminary steps being taken
for the formation of an Industrial Asso-
citation, TO be capitalized at $4,000 and
10 which the citizens generally viii be
invited to subscribe
This action was taken at the
meeting of citizens called at the city ex-
change for the purpose of discussing the
industrial movement and receiving the re
port of a committee appointed at a pre-
vious meeting of the Merchants Associa-
ton and citizens to formulate a plan to
give direction TO the movement
This plan was submitted at the meet
ing by the committee, consisting
of Col. J. H. Estill. Mr.. D. B. Lester
and Mr.. S. Krouskoff, and was adopted as
submitted after an interesting discussion.
The report, which was in the form of a
set of resolutions. is as follows:
Resolved, That an association be or
gained for the purpose of accommodating
a fund of $4,000 for promoting manu-
featuring and other industrial enterprises
in and near Savannah. and in other ways
develop the material interests of the city.
That the proposed organization shall
be chartered and that its membership
shall consist of those who shall subscribe
and contribute TO it's capital stock ana
it shall be organized and conducted on
such lines as may be agreed upon by those
interested; keeping in view the objects
set forth in the first resolution.
That the capital stock of the organi-
cation shall be $4,000, which shall be d.
vided into 500 shares of 800 each, the
payments on which shall be in INSTALL
ments of per cent. per month, or So per
share, and no installments shall be col
lected until $4,000 shall have been sub
scribed.
That the chairman of this meeting be
requested to appoint committee of twen-
ty' citizens whose duty it shall be to per-
feet the organization, select a name for
II, prepare suitable rules for its tempo
rary government, nominate officers and
do and perform such other duties as may
be necessary 10 insure the purposes SET
forth in the first resolution.
That when the committee shall have
performed the duties assigned them. a
meeting of the subscribers shall be called
and a permanent organization effected un-
der the charter.
The meeting was largely attended and
was a thoroughly representative business
gathering. Among those present were
Capt. Henry Blum. Rev. John
d. Jordan, Col. J. II. Estill, Mr. William
Kehoe, Mr.. Lee Roy Myers, Mr.. Joseph A.
Roberts, Prof Woods, Hon. Herman My
ers. Capt. John Derst Mr.. B. H. Levy,
Mr.. Joseph Rosenhem. Mr.. E. E. Cheat
ham. Mr.. G. S. Rumbold, Mr.. E. G. Black,
w. Fl. Wade, Esq, Mr.. A. S. Nichols,
otto Seller, Esq. D. b. Les
ter. Esd. Mr.. r. L. Clancy, Mr.
c. A. Vetter, Mr.. w. f. Wimpy, Mr.. Sam
Platshek, Mr.. ]. W. Parker, Mr.. c. w.
West. Mr.. George N. Nichols, Mr. Leopold
Auler, MT. oscar kulman, Mr. Charles
Marks, S. L. Lazaron, Esq, Mr. NJ. J.
Solomons Mr. John l.. Archer, Mr.. A. B.
Moore, Mr.. Malcolm Maclean, Col w T.
Hopkins. Mr.. w. D. Champion, Mr. John
Nicolson, Mr.. D. B. Falk, Mr.. Nicholas
Lang, Mr.. s. Krouskoff, Mr.. j. s. Collins.
Mr.. G. H. Remshart, s B. Adams, Esq,
Mr.. ID. B. Morgan. Mr. r. D. baltimore.
Mr. NJ Dreyfus, Mr.. A. s. Cohen, Mr. Ben
Ehrlich, Capt. D. G. Purse Mr.. II. A.
Crane, Mr.. P. A. Stovall, Mr. John Pow
er, Mr.. c. s. Byck, Mr.. r. II. Tatem and
c. d. Kline, Esq.
The meeting was called to order bv
Mayor Herman Myers. On motion of Col
Estill, Mr.. Myers was elected chairman
of the meeting. Mr. A 3. Moore was
elected secretary.
Mayor Myers said the object of the
meeting was well understood. Factories
are springing up all over the South whi e
Savannah is getting very few There is
no reason" he said, why this should be
so. Factories can be successfully opera
ted In Savannah. Tt will be necessary to
offer some inducements, however. To do
this we will have to put our hands in our
pockets
Col. Estill stated that at meeting held
last Friday committee was appointed to
prepare suitable plan to be submitted to
the citizens meeting as a basis for an In
dustriaI organization. This had been done
by preparing a set of resolutions whicn
he read as chairman Of the committee
Col Estill said the idea was to collect
the money in instalments and put il in
a savings bank or invest in good securi-
Ties until a sufficient sum had been accu-
mulated TO be used for the purposes out
lined.
Mr.. Sam Platshek was the first to speak
upon the report. He did not think the
scope of the plan broad enough The
masses must be included as well as the
business men. He suggested a larger cap
ital and smaller subscriptions 10 shares
Mr.. Platshek said ne had been quite active
ten years ago IN getting up charters for
industrial associations for Savannah
Bankrupt concerns were not what was
wanted, he said. Live. capable fntellf-
gent men are wanted. There are p enty of
small industries all over the country which
are suffering from lack OF capital. These
could easily be brought here and, assisted
with capital by the industrial assccia ion,
could be placed upon a sound basis
Mr.. Krouskon said the committees
plan was tentative and co4ld b.
Fas.N ..s..