The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1908-06-04
Will Absorb and Enlarge
Washington and Virginia
Stock Yards.
ANNUAL OUTPUT
, WILL BE 100000
Company to Be Known as Colum-
bia Cotton Oil and Provision
Corporate

An Industrial enierpris the largest
projected for Washington since tha e5-
Jablishui ent of the Firth-Sterling steel
plant at Giesboro Point. is about to be
launched by a company OF local business
men. The proposition has the active
Endorsement Of the Washington Cham
ber Of Commerce.
Tie project Is the first fruit Of the
laboTs OF the committee CT the chamber
Witch has set itself the task OF build
ing up Washington in6usIrially botL
by aiding those industries that are al
ready here. and by inducing others .
establish plants. A. c. Moses is chair
man Of the committee.
Win Increase SIaughtering Capacity.
The company. to be known as the Co
lumbia Cotton oil and Provision Cor
poration. proposes TO absorb the Wash
ington and Virginia Stock Yard and
AbattOir Company which Is the plant
supplying the products marketed by
Golden * Co. and TO enlarge tt and
add the necessary equipment not only
TO increase materially the slaughtering
capacity. but also 20 refine crude cot
ton seed oil.
The output of tie enlarged plant is
estimated 10 have a value Of from A-
0OO. 600 70 100000 annually.
The annual capacity Of the plant. ac-
cording to figures submitted 20 the
nanufao.ure committee OF the Cham
Der OF Commerce, viii be 10000 barrels
OF crude Cotton-seed oil, l25,00O hogs,
laOO0 cattle, and 25,000 sheep and calves,
which will be convt rted into lard, lard
compound, lard substitute, cooking oils,
salad oils. soap. lard oils, oleo oils. lard
stearine, oleo stearine, hams, bacon.
sausage, canned meats. fertilizer. hides
and a variety Of fresh cuts to be put on
the market IN various kinds Of contain
ers. ain cans, glass jars, boxes. and bar
rels or wrapped in paper and coy cred
with muslin.
Investigation Was Thorough.
At the request Of a. A. Chaplin, pres
ident OF the Chapin-Sacks ManufaCtur-
ing Company: William @. Carter, first
vice PRESIDENT OF Golden q Co: George
p. Sarks. secretary and treasurer Of
Golden & Co: and z, n. Brown, OF
Jersey City, the committee on manu-
fact ures OF the Chamber Of Commerce
Investigated the proposition. The com
mittee inspected the plant, which It is
proposed to greatly enlarge, The pres
ent plant is in Virginia, just across the
Potomac near the new Highway bridge,
and held several meetings. Data rela-
tive TO transportation facilities. eompe-
tition, profits, and capacity CT the pro-
rosed plant were discu- -sed. A few
days ago the committee decided 10
IT to the public. The re-
.
It's members.
1--WE have examined" reSds the re
port, the present plant and equip
ment and believe that with some slight
changes IN the interior construction
(Which would reduce the insurancel the
has an up-to-date establish |
ment and that the changes necessary
tD take on the proposed increased bust /
ness can be made at a remarkably |
small cost, as there is already sufficient
power, steam. refrigeration water, |
ground. railroad sidings. and stock
pens"
Financial Plans ruthued.
The report then states that the pres
ent business OF the company Will show
ever Z per cent net profit on the pro-
posed total capitalization. The fnan-
cial plans are outlined as follows:
THE new company proposes to issue
stock az par TO the value OF 500, 900, !
and per cent bonds TO the value Of
SlO0. 900. The sum OF 100000 will be
used In purchasing the plant OF the
and Virginia Stock Yard
and Ahattoir Company, including the
real estate and all improvements, which |
will be taken over by the new com
pany free of incumbrance- and approx
imately so. 500 spent in improvements /
to handle additional busi- /
ness"
The report says that the proposed |
plant VIII be the only one OF its kind I
east OF Chica 90 and south Of New York, /
and the only complete compound plant 4
on the coast between New York and i
Savannah, and that l. will place the 1
in a position to successfully /
compete for business at all points on the /
Atlantic coast and west as far as \
and Buffalo. and also in Can i
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