The Savannah morning news. (Savannah, Ga.) 1900-current, 1902-10-14
ADVANTAGES TELL
SAVANNAH NOT GOING TO LOSE
NAVAL STORES BUSINESS.
WILL KEEP ITS FULL SHARE.
SO PREDICTS WITH CERTAINTY
MIR. JOHN r.. YOUNG.

Advantages Possessed by Savannah
in the Matter of Ocean Freights
Shared by No other Port on the
SOuth Atlantic Const-LarEe Re-
serves Of Naval stores Remain in
Country Tributary TO This City.
Consolidated Naval stores Com
pany VIII Not Work Against sa-
Vannah and the Business That Be-
longs Here WIZ Come.
There is no reason why Savannah
should be alarmed by recent develop
ments in the naval stores situation.
There are large residues of naval
stores remaining in the country natur-
ally tributary TO the city and advan-
tages inherent in this port and shared
by no other that guarantee Savannah
a continuance of its fair and full share
of the business"
Thus Mr.. John R. Young, president
of the Ellis Young Company and a
leading factor in the organization of
the Consolidated Naval Stores Com
pany and the Florida Export Company
summed up yesterday the situation as
it affects Savannah. Mr.. Young speaks
as one having authority, for he is a
director in both the new enterprises
and is vice president of the latter. He
will be in charge of the Florida Ex-
port Company's business at this port
While Mr.. Young did not say so, it
is evident that the lower ocean freight
-
principal advantages of this port in
his mind when he predicted the prac-
tically undiminished continuance of
the naval stores business here. These
rates are lower than at any South At
lantic port, and beyond question will
be still further cheapened when, as
Will be the case within two years. a
channel IS feet in depth stretches from
Savannah to the sea.
The Consolidated Company.
Discussing the organization and pur-
poses of the Consolidated Naval Stores
Company.
The Consolidated Naval Stores
Company is being undertaken in fur
therance of the prevailing opinions of
all who are vitality interested in the
industry of naval stores in this coun-
try, that some effort should be made
to preserve this industry for the ben
eft of those directly interested, as
we'll as for the general good of the
commercial interests of the section in
which it lives and the people who live
upon it.
1T cannot be denied that the pine
forests of the South are by degrees be-
ing exhausted, that the volume of bus
mess and the corresponding yield of
revenue and income from this item of
our resorces is being gradually dimin-
ished, and in time will be reduced to
a minimum if the old lines of conduct
ing it are continued. There must be,
as near as can be, d community of In
terests among those who have their
capital and labor invested and their
living dependent upon il. That a large
percentage of those owning and con-
trolling the remaining virgin forest.
the stills and plants now in operation
and the marketing and factorage con-
Germs now in business, should under
take to work together for their mutual
dement, is not surprising in view of ex-
listing conditions.
Made Up of Producers
ut must be remembered that practi-
cally every man connected with the
Consolidated Company is himself an
actual and practical producer, and that
the majority in capital and numbers
are more largely interested in the pro-
duction and manufacturing of naval
stores than as factors
There will be nothing in the ar
rangement to suggest a violation of
any rule of commerce or any law laid
down by municipality. state or nation
al authority. The intent and purpose
viii be to treat every man dealing with
II with equal and exact justice.
The effect of such a consolidation
upon the business and commerce of
either of the ports which are nearby
gateways for the expectation of the
product to foreign markets, will de-
pend entirely upon the first cost of
hauling from the stills to the port, the
handling at the port and the cost of
foreign and domestic tonnage. The
Consolidated Company will have ma
chinery at each of the ports for the
conduct of its business, the purpose be-
ing to serve the best interest of the
producer wherever he may be located /"
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