The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1906-07-07
COMPRESS co. WINS
OUT AT JACKSON


o'clock yesterday (Monday, June ~
evening, satisfactory arrangement
was last night perfected between the
Gulf Compress Company, now con-
structing plant on the site of the
old concern, and the promoters OF
the home organization, whereby tho
latter will be dropped aud the Gull
people will make sufficient changes
III their plans TO meet the demand of
the city for the best possible facili-
ties for the handling and storing of
cotton.
R. T. Remington, chairman Of the
local company, was seen by a re-
porter for the Clarion-L Ledger i'm
rnediately after the conclusion of the
meeting, and asked as to the negotia-
tons upon which it had been agreed
to disband the Jackson stock COM
pany.
Mr.. Remington stated that on
June 7, the Gulf Compress Company
wrote George F. Bauer, vice presi-
dent OF the Merchant 5 Bank, letter
giving an outline of the character OF
the plant proposed to be construct
ed by them here, and opening ne
gotlations which finally eliminated
last night.
Following this letter, c. c. Han
son, president Of the Gull Company.
accompanied by Judge c. t. Fitz-
hugh, general counsel, and Col A.
w. Walton, manager, came to Jack
son yesterday for the purpose of con
terrlng with the organizers OF the
proposed company in order to see
whether or not satisfactory ad-
Justment of the differences could be
made.
A meeting was held in the office
Of the Capitol National Bank be-
tween members of the board of di-
rectors of the new compress COM
pany and the representatives of the
Gulf Compress Company yesterday
morning at 10 O'Clock. Certain ne
gotiations were had, which resulted
in meeting of the subscribers OF
the capital stock yesterday evening
at 6 o'clock, at which full discus
sion of the conference took place.
At the conclusion the following
executive committee was appointed.
R. E. Remington, NJ Green, A
H. Longino, S. S. Carter, w. J. Da-
Wis, Z. d. Davis, w. H. Watkins,
S. J. Johnson and T. McCleland.
To the committee was delegated
full and complete power to confer
further with the representatives of
the Gulf Compress Company, and to
make final adjustment of the diff
ferences between them.
These gentlemen met the repre-
sentatives of the Gulf Compress
Company last night at The Ed
ward, and after a thorough discus
sion the matter was adjusted in
manner highly satisfactory to botf,
parties
Mr. Remington found the repre-
sentatives of the Gulf Compress
Company anxious to meet the re-
and he believes the agreement
ness interests of the city the char
acter of facilities and services de-
Terms of the Compromise
Asked as to the terms upon which
the matter had been adjusted, Mr..
Remington said that the plans OF
changed as to give Jaskson equal
facilities for the quick and cheap
handling and storage of cotton as
are possessed by any other city OF
similar size in the South.
According to the new arrange
ments the sheds of the warehouse
department would be entirely fire
proof, affording the cheapest insur
ance rates.
He said that by inaugurating a
movement for the establishment of
about SIS, 900 or $4,000. as the i'm
provements agreed Upon by the re-
representatives. Of the Gulf Compress
Company would total at least this
amount making the entire plant
cost, according to the present ar
rangements. at least SI25.ooo, while
it might go as high as $I35,ooo.
Letter to Mr. Bauer
The letter written by President
c. c. Hanson to George F. Bauer,
which started the whole matter OF
the compromise is as follows
The Gulf Compress Company
are professional compresseus and
warehouse men of cotton. operating
a large number of compress and ware
house plants throughout the cotton
growing States We neither buy nor
sell cotton, directly or indirectly, for
ourselves or for account OF others.
neither do we lend nor advance mon
ev on any cotton stored with us :;
therefore we are in no way a COM
ne of