The Ocala evening star. [volume] (Ocala, Fla.) 1895-1943, 1908-04-23
Big firm WILL
RESUME BUSINESS
Tampa.Havana Lumber Company Re-
orsanized-SeveraI Marion coun-
ty Men Interested
(Tampa Times. 18th.)

AIter a rev prellmlnarleS have been
arranged the affairs of the Tampa
Havana Lumber Company, which went
into receivership some months ago,
Will pass into the hands of a new or
ganization, representing capItaI and
experience, and the five mills of the
company, which have been practically
closed since the receivership COM
menced, will be reopened.
The creditors of the company will
he paid up dollar for dollar. The new
organizers have already deposited
100000 for the payment of the first
,nstallment.
At meeting of the creditors held
in the office of Referee William Hun
ter yesterday afternoon, practically
100 per cent of the creditors of the
company were present The propo-
sition to take over their interests on
the basis outlined above was accepted,
and Referee Hunter is today hard at
work getting all the papers together so
that he may go to Jacksonville tomor-
row night and lay the matter before
Judge Locke Monday for his approval.
his, of course, is technicality in the
routine Of legal procedure. The credi-
tors will be secured for deferred pay
ments by interest bearing notes.
The outstanding Indebtedness Of the
old company, secured and unsecured,
amounts to approximately $3.50, 900.
The company was capitalized at ST.
100000, with these officers: Lee De-
kle, president and treasurer; G.. H.
Tedder, vice. president; M. M. Jetton,
general manager; L. T. Baldrick, Sec
rotary. The company owns mills at
Groom, Terrell and Valrics, besides
the immense mill on the garrison and
rhe Polk street mill. The receivership
came about because of the fall in the
price Of lumber and the difficulty Of
making collections during the recent
financial panic.
The reorganized company will in
clude Thomas Bowling, C. H. Brown,
Live Oak; r. S. Hail. Ocala; T. c..
Hall, Gainesville, Ga; John K. Chey-
ney, Hayes Bigelow, Tarpon Springs:
A. Hardaker, Ocala; G.. A. Mcleod,
Tampa; S. M. Davis. J. D. Stringfel-
low, Gainesville, Fla; C. H. Lutz, st.
Petersburg; H. E. Taylor, Gainesville,
Fia.;I c. H. Tedder, Tampa; J. H.
Tucker, Live Oak; F. H. Brewer, Way
will have a capitalization of LOCO, 900,
which Is that of the old company.
The officers will be: Thomas Dow
ling, president; R. S. Hall, first vice.
president; A. Hardaker, general man
eyer; &c. H. Brown, secretary and
treasurer
, Mr.. Bowling is former president Of
the Bowling Lumber Company Of Live
Oak, which was capitalized at $4,000
900, and which is still operating per-
haps the largest mills in the state. He
sold his interest some time ago. Mr.
Brown is also from Live Oak, and is
president Of the First National Bank
of that city. r. S. Hall is a well
known, naval stores operator, and
brother Of Maj. T. c. Hall of the Hall
& Bingham Co., which operates a tur-
pentine farm at Keystone Park, this
county; Mr.. Hardaker is now mana
ger of the big Martel Lumber company
at Martel, Marion county. OF the other
gentlemen connected with the organ
ization, John X. Cheyney is the Tar
pom Springs sponge magnate; Hayes
Bigelow Is we'll known business man
there; G.. A. Mcleod is the Tampa
tanker; S. M. Davis and ]. D. String
fellow are prominent Gainesville bust
ness men, and H. E. Taylor is cashier
Of the First National Bank Of that
city; G. H. Lutz is a st. Petersburg
merchant and is interested in Odessa
lumber enterprises with Messrs. Dow
ling and Brown; c. III. Tedder has
been vice president of the old COM
pany.
The new company is tentatively in
charge already. Mr. Hardaker will
leave tonight for Martel to tender his
resignation to the company there, and
return here Tuesday to take active
of the administration of affairs. Mr..
Bowling goes to Live Oak tonight.
Mr.. Brown will probably go tomorrow.
Zach of these gentlemen will spend
a considerable portion of their time in
Tampa from now on.
Almost all of the gentlemen who
figure in the organization have other
interests here. Mr.. Brown Is holder
of considerable amount Of Tampa
real estate. With Mr.. Bowling he is
interested in the Gulf Pine company,
which has large mills at Odessa, and
El,000 acres of round timber in body
near the mills.
Hon. Perry G. Wall has been trustee
of the company during the period of
the receivership.