The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-01-17
TO ORGANIZE FOR FACTORIES
CONTINUED from Eighth Page.

| lsiactory ne said, the people VINO ac-
| cepted assistance frequently palming off
poor machinery or proving to be mere gas
! bags. The plan which Birmingham had
| found successful, Mr. Wade said was 10
| seek out men who were hard at work at
the industrial centers. already doing well,
| but willing TO come South for various rea-
| sons, if Inducements were offered No diff
| ticulty had been found Ia getting capital
| to back such enterprises, The idea was
| to get in touch with the superintendent
| OF cotton and other factories and 10 ma
out who were the available men, know
! ing their business thoroughly, and who
! are capactated TO take charge of manu-
| featuring industries.
Mr.. Lester said that the object OF
the association, as he understood, was not
| to engage in manufacturing, but to en-
| courage manufacturing enterprises to To-
Gaze here. For this purpose statistics
| should be gathered showing what were
| the products of the country surrounding
Savannah and to what purposes they can
| be put. Then induce the right men to
| take advantage of these opportunities. The
| few failures in manufacturing industries
| here signfied nothing, he SAID:
| There have been fifty commercial
| failures to one in manufacturing, ana
| yet Savannah's commercial strength is I'M
| questioned. The reason for the failure OF
| the cotton factory was well known, Mr.
Lester said He pointed out that at spar
| tanburg and other points cotton mills nave
| earned from 40 to co. and even So per cent,
on their capital We must show What we
| have in the way of products and faciu-
| ties what our labor is and what is the
| cost of motive power. The cotton manu-
| facturers in South Carolina have found
| steam power cheaper and more saustac-
| tory than water power. Coal, ne sald,
| could be laid down here at $2S 10 $3.50
| per ton less than it cost at Lowell, Mass
/ Rates Of not higher here
| than elsewhere. With the railroad facilities
| cotton can be laid down here cheaper than
| in New England. and with the freight Ia
| ciities the market for the product is I'M
| limited. Notwithstanding the great devel-
| opment in manufacturing in the South,
this section which produces 20 per cent. of
| the staple, manufactures only per cent
| Spartanburg, S. c., ten years ago had
| only 5000 population. To-day she has
| twenty-four cotton factories and 5000 pop
ulation. There will be no trouble in get
| ting the factories here" said Mr. Lester,
IF we can show that we have the facil-
ties and the capital to offer the induce
| ments."
Rev Jordan discussed the reso-
| lutions briefly and moved their adop ton.
Mr.. Lazaron said the resolutions
did not go far enough. The people who
subscribe their money will want some
| guarantee that the enterprises win be
|
mandatory is that of a site. Other cities
| are Offering free sites and giving other
| inducements. Savannah should be ready
to donate sites Call on the landowners
| of Savannah to say how much land they
| will donate for sites" said Mr.. Lazaron.
Let these donations be placed in trust
with the association to be used for the
purposes intended" r9
| Mr.. Lazaron offered substitute to the
| committees resolutions to the effect that
| those present should organize themselves
| into the Chatham County Industrial Asso-
citation for the purpose of attracting to the
| city capital and immigration the members
of the association to pledge themselves to
use all their efforts and abilities to ac-s
complish the objects of the association.
| Mr. Lazarons resolution went into detail
as to the work of the proposed associa-
| ton.
Mr. Collins approved of the APP
| pointment of a committee of twenty to Sc
| cure the cooperation of the citizens and
TO solicit subscriptions. This done, the
| committee would be competent to work
out the details of the plan. The original
resolution afforded ample protection to the
| subscribers, he said.
Col. Estin, replying to Mr.. Lezaron, said
! that the per cent. system had been used
| by the most successful real estate and in
vestmant company In this city, and that
over 1000 of the citizens are investors in
| this company. 1t would be no easy work
| to get up $4,000, he said. 1t would be the
| ST. 900 and $1,000 subscriptions which would
bring up the amount, and not the 500 sub
| scriptions.
Mr.. Levy said the resolution pro-
posed a committee of twenty simply to
| raise the fund and not to control it.
| Mr.. Platshek insisted that it would be
better to have the shares placed at $50 or
$25 than 500. The business men who were
1
| their faith by obtaining subscriptions
| from their employees.
| Mayor Myers said he did not think $780,
| 900 sufficient. He suggested 100000 addi-
| tional stock In $50 shares. The sum should
| be gotten up at once, he said. There
should be 100 men who would. subscribe
| 81, 900 each and at least 1000 who would
| subscribe 800 to 500 each.
| Mr.. Levy said il was not desired to
wait over four years to secure an indus
| trial fund. He suggested two classes of
| stock. with different rates of assessment.
| After some further discussion, Mr.. Laza-
| rons substitute was put to the meeting
and lost. The original resolution as sub
mitted by the committee was then ad pit
| ed.
Mayor Myers shortly announced the ap-
! pointment of the committee In doing so
| he stated that his own name appeared on
the list because of the insistance of the
| Committee on Plan. Secretary Moore
read the appointments as follows:
| j. II. EstiH, b. A. Denmark, D. 3. Les
| ter, Herman Myers, S. Krouskoff L. Ad
Ter. Nicholas Lang, George W. Tiedeman,
| b. H. Levy. John NJ. Egan, T. II. Nc
MILAN, William Kehoe G. Arthur Cor
| don. c. Fl. Dorset, Samuel Meinhard, A.
S. Nichols, Peter Foy. Lee Roy Myers,
p. A. Stovall, d. G. Purse.
There being no further business the
meeting was declared adjourned. The
general verdict was that the meeting had
Hbeen a very satisfactory one. The COM
unittee will be called together very short
ly and after organizing will proceed TO
map OUT its work as outlined in the res
| oiution.
|