The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1908-11-13
LARGEST PHOSPHATE DEAL EVER
KNOWN IS CONSUMATED IN MAURY|
CONSOLIDATED COMPANY
WITH CAPITAL OF $7,5oo,oOo ORGANIZED TO
DEVELOP FIELDS OF TENNESSEE.
AND LEWIS COUNTIES AIR ACQUIRED AND 10000
MORE UNDER CONSIDER ATOMIC HAVE HAND
SOME OFFICE Bull DING IN COLUMBIA

In this field is not the full extent by
any means of the purchases to be
made by the company. A number of
other large properties, comprising
some 10000 acres, are in the process
OF being taken over and will doubtless
go into the deal as soon as the stock
holders of the companies owning the
lands can hold meetings and consent
to the sale. The land in question will
give an additional tonnage of $4,000. i
900, making a total of 10000, 900 tons
OF blue, brown and grey rock the
monster company will control. oil
this total there is more blue rock
than either brown or grey, and the
great majority of the rock is highI
grade.
The company has contracted for theI
delivery of 100000 of tons annually |
beginning with the first of the year.
and already have engineers on theI
grounds preparing to draw plans for.
the proposed plants, three of which,
will be in Maury and one in Lewis on
the Swan Creek branch of the Louis
vile & Nashville Railroad and two in
Hickman on the Nashville, Chatta-
nooga & St Louis. Spur tracks will
be run SO as to get at the rock toe
advantage and within as brief while
as possible mining on an immenseN
scale will be in progress.
AS has been stated, the head offices
of the company in America will be
located in Baltimore, but handsome
Offices with large staff will be loca-
ted in Columbia, and the company has
in contemplation the erection of a
handsome Office building here at an
early date after starting operations,
as they do not think 1t possible to Sc
cure Offices of the size and location
they desire.
The great bulk of the land pur-
chased is located ON the Swan Creek
branch of the L. & N, which has only
recently been completed from Mt.
Pleasant into Lewis county, but
part of the purchase is Oh the N. F.
& s. branch of the L. & N. and
part of the Nashville, Chattanooga &
St. Louis Railroad in Hickman.
Under the proposed plan of mining
md shipping 100000 tons year the
will use 10000 cars per-
we've months in making their ship
nents. The greater part of the ship
nent will go over the L. & N. toW
'ensacola for export, though a part
yill go to New Orleans. The freight
J $500 per ton to Pensacola, SO the
Dtal receipts to the L. & N. from
reight from this one company alone
Ill be $1,000,000. The rock aboard
ars In Maury will be worth $500 a
IN, making total OF each years
lipments two and one-half million
pillars. OF the $500 per ton on the
'ck $500 will 60 for labor, SO that
lis company viii pay out in the neigh
,rhood Of one million dollars year
labor, much Of which will be dis
ibuted in the channels OF trade in
aury.
1t can be easily seen therefore that
eat times are ahead for this county,
e greatest in It's history. or the Ave
d one-half millions to be turned
,se for phosphate lands and for fer
Izer plants in Europe, about three
lions will be spent here. Among
, owners OF the lands sold or To-
included in the deal are a number
citizens of Davidson, Giles. Lewis
4 Hickman counties, but far the
later part of the property is owned