The Brunswick news. [volume] (Brunswick, Ga.) 1901-1903, 1902-09-13
TWO STATES ARE
IN THE DEAL
4
ALI LARGE CONCERNS OF GEoR-
elA AND FLORIDA WILL
GO TOGETHER.
MANY FIRMS 10 BE IN IT


News was received here yesterday
OF he formation OF a gigantic naval.
stores trust or combination, when
va encompass tn its scope all Of the.
lnaa stores companies Of Geor
eis (.qd Florida. This scheme aas
- foot among the naval stores
!. !. . .. :. :. !. !. !. !. !. 7 . . " !.
meq mauy months and in a meas
re culminatel rat the meeting
easf avail store operators aud de,
dF in Jacksonville tais weels
Anderatood that the new con.
cdfn have its headquarters in the
Florida metropolis Jacksonville. and
viii be capitalized at two million d.l
lars and win include the Gun Naval
stores Company Of Tampa Flofia
Naval stores Company. Mutual Naval
Stores Company, OF jacksonville; Tho
Company. Savannah Naval Stores Co.
Elis-Youns Company . p Williams
Peacock fTuntor and West Co, run
ter Ptarce & Battey. sausey q tIm-
ford. Southern Naval stores Co. OF
savannah and the uowning Company
OF Brunswick
AZ ibis stage Of the game it is al
most impossible to make an inteHi
gent forescast Of what practical Of
feet the proposed change wiz make on
the local situation Major C. Downing
was seen by a News reporter yester
day reference to tae matter and be re-
fused to say just what would ba
done He admitted however that tine
formation Of the new company, which
is 70 be known as the Consolidated
Naval stores Company, was under
consideration by the parties named
above and said that it was not unlikely
that the Downing Company would be
party to the combination Mr.
Downing says that thls amalgamation
Of naval stores interest is due solely
to the fact that operators Of Florida
have grown weary OF shipping taeir
output to Georgia ports at a consiler
ably higher freight rate than obtains
in Florida He also points out that
THIS ADDITIONAL cost in the matter OF
freight rates. not only works a hard
ship On the operators, bur is likewise
blow 60 the shipper VINO IS fore
Ell to meet competition Of those who
enjoy better rates ana thus haye the
advantage OF both the Brun8widA and
Savannah dealers
When asked waether or not
Dowaing Company would lose -
identity in the movement, Mr.. DowM
ing was reticent and finally refused to
discuss this phase Of the situation,
hitting however that his company
would be stockholders in the new Or.
ganization
Under these circumstances. as stat
ed ABOVE. it is not known to what ex-
tent the local situation will be eli.
fected, but 1t seems that unaer this
new arrangement both Brunswick and
Savannah will necessarily suffer in the
way of decreases in the youme OF
business handled at these ports Mr..
Downing expressed regret at the situa
tion but said it appeared inevitable,
and taat a series Of unusual circum-
stances strangely effects the situation
ana leaves practically but this course
open for the dealers.
The News viii endeavor to keep in
touch with tne situation and viii
post its readers as rapidly as events
sranspile III the meantime the peo
pie Of Brunswick may rest assured
that in Major Downing and the Down
ing Company, they have good friends
and Brunswick wlll not suffer unneees-
sarily in the matter.