The Savannah morning news., 1901-08-14
COMBINE OF PRESSES
COTTON WILL BE HANDLED BY At
LANTIC COMPRESS co.
BEGINS BUSINESS SEPT. /
COMPANY WILL SUCCEED TO BUsI-
NESS OF C. C. HANSON.

Presses at Savannah, Macon, Colum-
bus, EufauIn, Ala, DOthnn, Ala,
Owned by the Central, and Others
at Dawson, Albany, OpelilSn, Ala,
and Troy, Ala, Will BE Operated
by the New COmpnny-Probabie
That the United Hydraulic COmpn-
ny's Lower Press in savannah VIII
BE SubIet by the Plant System TO
the Company-AtIantfc Company
COnfoundcd with n Reported stand
Bale ''Trust."
The cotton compress business of
Georgia and Alabama is to be largely
controlled by the Atlantic Compress
Company, a corporation that will as
sumo operation, Sept. l, of all the COM
presses now operated by Mr.. c. c.
Hanson of Savannah. The new COM
pany may also secure other COM
presses. In fact. that is the plaI of
those who hold it's stock.
Standard square bales will be pressed
by the Atlantic Compress Company.
Those interested have been opponents
of the round lap bale since the incep-
tion of the movement for that style of
compression, and the Capitalization of
direction of so many congresses of
Georgia and Alabama, and possibly
other states, will serve as an additional
bar to the general use of the round lap
bale in this section.
Mr.. Hanson and Capt. S. ]. White
sides We're chiefly instrumental in
forming the new company. It's organ
ization will be completed to-day, when
a meeting of the stockholders will be
held Officers of the company will be
elected.
The congresses owned by the Cen
trail Railway have been operated for
several years by Mr.. Hanson as les
see. The Central presses are at Sa-
vannah, Macon, Columbus, Eufaula
Ala, and Dothan, Ala. In addition to
these. Mr.. Hanson owns or operates
presses at Albany, Dawson, Opelika,
Ala, and Troy Ala. The Atlantic Com
press Company will have suitcase of
the presses owned by the Central and
will also operate the others that have
been operated by Mr.. Hanson.
In speaking of the new company yes
terday, Mr.. Hanson said that there
would be no change in the present
management or methods of the various
congresses under his operation. The
company will have paid in capital of
$4,000. with privilege of increasing to
$3.50, 600.
The lower press of the United Hy-
draulic Cotton Press Company will
probably be operated by the Atlantic
Compress Company. Negotiations with
the Plant System and the Savannah
l,iI
to become lessees of the property
have been going on, and the new com
pany will probably close a deal where
by it will press the cotton brought to
Savannah by the Plant System.
meeting of the United Hydraulic
Cotton Press Company was held yes
terday morning at the Office of the
president Mr.. ]. M. Barnard. There
were 1850 shares represented, and a
unanimous vote to sustain the presi-
dent in what he had done toward leas-
ing the lower press property and the
east St. Julian street property to the
Plant System and the Savannah, Flori-
da and Western resulted The presi-
dent was also authorized to proceed
with legal steps necessary for the for
NAL transfer of the property, which
will be made on Sept. l. The terms of
the lease under which the property will
be held have been set forth by the
Morning News.
Work on the new press the owners of
the plant are putting in is progressing
we'll. 1t will be finished by Sept 1.
The equipment of that plant, there
fore, will be perfected when it is turn
ed over to the Atlantic Compress Com
pany, provided the negotiations be-
tween the company and the Plant Sys-
tenn are contaminated.
report has been heard from some
quarters that a consolidation of stand
ard bale interests was to be perfected
into what is popularity known as a
trust. Mr.. Hanson was asked about
this report. He said that he had heard
absolutely nothing about such move
ment, and that he could not understand
just what such a consolidation could
hope to accomplish-what end it could
nave in view. The plans of the At
lantic Compress Company to succeed
Mr.. Hanson as the operator of a num-
Der of congresses were probably con-
FUSED, some having understood that
they portended such a consolidation.
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