The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1908-09-19
Prospectus of the Big Com
pany Which is to Endea-
vor TO Build Up the Naval
Stores Industry-List of
the Trustees.

The Jacksonville Board OF Trade
Is sending out prospectus of tae Ma
val Stores Marketing Company, the
concern which is to endeavor to i'm
prove the naval stores market, and
which, IL it becomes necessary viii
probably clash with the American
Naval Stores Co. for control of the
market. That the organization of
sucn a company will prove of vast
benefit not only to those engaged in
the industry, but to the entire state,
goes without saying, as the present
market is below the cost of produc-
ton.
The following is a portion of what
the Jacksonville board is sending out
to producers, factors and business
men:
Pursuant TO the resolutions of the
Board of Trade of the City of Jackson
vile, Florida, unanimously adopted at
a regular meeting held July Sth, 1908,
a copy of which Is attached, the spec
fdl committee on naval stores of the
board OF trade, authorized and appoint
ed under such resolutions, acting with
the the executive committee and COM
mittee on ways and means OF the Tur-
pentine Operators Association, pro-
pose the organization of a corporation
TO be known as TIE. Naval Stores
Marketing Company, for the objects
set forth in the said resolutions.
1t is proposed that the corporation
shall have capital of not less than
one million or more than two million
dollars, the stock being divided into
shares of the par value of one nun
dred dollars each. In order to secure
continuity of management and a con-
Sfstent policy until the company has
GnQnFafT hnG
is proposed that all of the stock of the
company, except so much as is neces-
sary to crafty the directors to hold
Office, SHALL be vested in the trustees
mentioned, below, and their success
ors, for 4 period of five 80 years.
The trustees will issue 10 each. stock
holder a certificate of his holdings in
the corporation. Such certificates are
to be transferable, and TO be sub
stantially as called for in the subscrip-
ton agreement.
The Trustees.
The committee of the board of trade
and the Turpentine Operators Asso-
citation have secured the consent of
the following gentlemen to act as a
board of trustees to organize the pro-
posed company and to act as voting
trustees of the stockholders:
Z
hams CO.. Pensacola, Fla.
w. b. Henderson, Capitalist, Tampa.
Fla
James P Taliaferro, United States
Senator. Jacksonville, Fla.
C. II. Barnes. President, Barnes-Jes-
sup Co. Jacksonville, Fla
Duncan u Fletcher, United States
Senator-eleet, Jacksonville. Fla.
George l. Drew. President. Drew
Lumber Co.. Jacksonville. Fla.
c. B. Rogers. President. Consoli-
dated Grocery Co. Jacksonville. Fla.
R. II. Paul, President. East Coast
Lumber Co. WATERFOWL. Fla.
j. ". West, President, west-FIynn-
Harris Co. Jacksonville. Fla, V&ldos-
ia. Ca.
]. G. Boyd. President. The Turpen-
tine Operators Association. Barlow,
Fla.
R.V. Covington. President, The Gov
ington Co. Jacksonville Fla
w. w GUNNER, President, GUNNER
Lumber Co. Jacksonville. Fla.
F. l.. Sweat, President, Citi-
zens' Bank, Douglas, Ga
s. II. Fullerton. President. Gulf Lum-
Der Co. Fullerton, La, St. Louis. Mis-
souri,
Sam Park. President Industrial
Lumber Co. Beaumont, Texas.
Paul ID. Rust, Capitalist. Boston,
Mass
R. A Long. President. Long-Ben
Lumber Co. DeRidder, La, Kansas
City. No.
This board of trustees will receive
all subscriptions to the stock In the