The Montgomery advertiser., 1906-06-28
TO SPEND A MILLION
ATLANTIC COMPRESS COMPANY FEN.
 LARGEs BUSINESS.
Two Montgomery Plants Consolidated and Prices Are to Be Reduced Meeting Held In
 Atlanta.


 The Atlantic Compress Company. of which c. c. Hanson of Atlanta. Ga. is President, and which operates two congresses in Montgomery as we'll as compresses In Atlanta. Macon and Co., lumbus. will expend nearly $i,0O0, ,O00 in improving it's properties
 This action was determined at q meeting of the Board of Directors and the stockholder4 held in Atlanta Tues day.
 The Atlanta Constitution of wednes- day says:
 At special meeting of the direc- tors and stockholders of the Atlantic Compress Company. held in the office of President C. C. Hanson. in the candler building yesterday. purchases. enlargements and improvements were authorized to the amount of some nine hundred thousand dollars.
 Tt was decided to build a big com press ID Macon with standard ware houses. and to buy up the two large presses in Macon. the English, John son and Company and the Union Compress and Ware House Company, the purchase price for the two com presses being Sl05, ,000. After making this purchase, which will be done immediately. these two presses will be combined and a plant built. the cost of which will be from $250.000 to $300,000 This action of yesterdays meeting will give Macon plant about the same size as that of the new plant in Atlanta. material Tor which is now arriving daily As previously report ed, this means new $S00.000 propo- sition for Atlanta and the work of construction has already begun with the arrival Of material
 By the action of yesterdays meet ing the present facilities at Columbus, Ga, wul be increabed to about the same as those of Atlanta and Macoa. To this end for the purpose of en- larging and increasing the present Co., lumbus facilities $100.000 was appro- lpriated.
 Two large congresses in Mongom- cry will be consolidated and the plant enlarged and improved. The Mont gomery Compress Company and the Mutual Compress Company are the presses authorized to be purchased, the cost price for these two being
 Still another result of yesterdays important meeting in Atlanta was the authorizing of the purchase of big plant in Augusta. The remainder of the total sum of S900,UO0 was authoriz- ed for the making of purchases. im- provements and enlargements at var ious presses operated by the Atlantic Compress Company.
 The proposition to reduce compress rates at all points where the Allan tic Compress Company operates to cents per 100 pounds in Georgia and Alabama was referred to a special committee. Action was deferred until this committee makes its report, which will probably be at a meeting held about the first of August.
 The present compress rates are 1-2 cents in Georgia and 8 Ia cents in Alabama. IL was stated that in case the compress rates are reduced, this reduction will have been made possible by the centering, consolidat- ing and improving Of the plants and congresses of this company. Not only will such a reduction mean much to the south. but these new improve ments made possible by the outlay Of large sums of money, will provide better and cheaper facilities for stor- ing and holding cotton and at cheap CT rate of insurance.
 "A subsequent meeting of the d. rectors of the Atlantic Compress Com pany was held for the purpose of authorizing the action taken by the stockholders. President c. c. Hanson presided at the directors netting, while Samuel H. Parrott acted as chairman at the meeting of the stock holders.
 Thoaa present at tne meeting yes