The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-07-14
BIG TOBACCO
COMPANY BORN
Million Dollar Concern to
Grow Tobacco in Gads-
den County.

N1uSuSN COUNTY.
While great buildings are constant
Iy peeping their lofty tops above the
c1tys sky line, bearing, in listening
silence, like prophets of strength and
serenity, strong and distinct evidence
OF commercial and industrial expan-
sion, 1t falls to the lot of the metropo-
us OF the state to give birth to mil
lion dollar corporation What other
city In the country, recovering from
a dlsordered condition of the money
market, can boast of such an achieve
ment2 Possibly effected as much as
any other city by the financial strin-
Sency, yet Jacksonville was conspicu-
ously absent from the adoption of any
make-shift means with which to com
pete with the depression, and now
proof is Heated upon the breezes that
she is not interdependent-he import
ance in the financial world is estab-
lished
G. D. Jackson, Of DeLand; w. J.
Wilson of Green Cove Spring; A B.
Hoyt, of Jacksonville, and A H. S.
talbot, OF Jacksonville, are the incor-
porators of the Florida National To-
baccO Company, with a capital of ST.
100000. $4,000 Of the stock has al
ready been sold, a large block having
been taken by one of the strongest f.
nanclal institutions in the city.
General Nature of Business
The general nature Of the business
TO be transacted by this corporation
is to buy, own, sell. rent, lease and
mortgage real estate; to lend money
on security; to grow, raise, produce
buy and sell tobacco; to buy, own,
erect. sell, rent, and lease buildings,
houses and warehouses in connection
With the growing of tobacco and the
manufacture of cigars; to buy, own or
sell cigars and tobacco on commits
sion; and to do all other things neces-
sary or advisable for the successful
transaction and conduct of the bust
ness o fthe corporation
The capital stock of 81 ,OO0, 900 is to
be divided into 10000 shares of the
par value of SIS each.
officers are Strong Men.
The officers of the new corporation
are among the city and states wealth
lest. most substantial and influential
business men. With such men at the
helm the success of the concern is as
sured
The officers are:
President-G- d. Jackson, of De-
Land-the largest individual orange
grower in the state, with fiourishing
groves at Eustis, Lake county;
large stakeholder in the CONSOLIDATE
ed Naval Stores company, president
and manager of the Standard Cloth
ing Company; president of the Jack
son-Hoyt Company; owner of large
block of bank stock in Tampa; own
CT of the Jackson-Hoyt Company's
building, corner Bay and Laura
streets, and president of the Bay
Street Investment Company.
Vice PTeSident-W. J. Wilson. of
Green Cove Springs-a cattle king,
the largest real estate owner in Clay
county, and the owner of extensive
and valuable real estate in Jackson
Vile; he is also cashier of the Green
Cove Springs bank.
TreasUTeT-A. B. Hoyt, of Jackson
ville-vice president and treasurer of
the JacksOn-HOyt company, and well
known and successful business man,
having held some of the most import
ant positions in the business field in
Jacksonville. and is at present one of
the most aStUte business men in the
city
SecretaTy-A- H. S. Talbot, of Jack
general manager of the
Jackson-HOyt Company and formerly
manager of the Dayton Dry Goods
Company of Minneapolis, Mimi. Mr..
talbot is eminentIy fitted for the po-
sltiOn of secTetary-in fact, he will
make an admirable official in that ca
pacity.
President to Head Directors.
The business of the corporation will
be conducted by d board Of directors
OF not less than five. nor more than
twenty-five in number The president,
vice-pTesident- secretary and trea5ur-
or are stockholders, and will be mem
berS of the board of directors. The
president of the corporation will be
president of the board Of directors
and the secretary will be secretary
for the directors. The board of di-
rectOrs will be selected at the annual
stockholders meetings to he held in
Jacksonville, at the principal place OF
business of the corporation, on the
first Monday of each January.
The highest amount of Indebtedness
TO which the corporation can at any
time subject itself VIII be the sum of
$4,000, 600
The Dupont tract IF 500 acres. own
ed by the Florida National Tobacco
Company, is situated in Gadsden
county, about two miles from Midway
station on the SeabOard Air Line. and
is adjoining the Owl Commercial
Company's tobacco plantation, which
concern won the gold medal at the
Paris exposition in 1900 for the best
exhibit
Tobacco Won Grand Prize.
OF the crop grown in 1899, the Owi
Commercial Company sent about %
pounds Of their fine wrappers TO the
Paris exposition, held in the year
1900 This tobacco was displayed in
the department of agriculture and