The weekly herald. [volume] (Amarillo, Tex.) 1906-19??, 1908-05-28
PACKERY TO
COME HERE
Decided 10 Accept Mr. Bolts
Most Favorable Plans and
Raise Funds
(From Saturdays Daily)

----"Second and last call" were the
terse but potent words Of H. b, San
born last night to the citi2ens--a
few OF them-of Amarillo who had
met for the purpose Of discussing
Mr.. o. w. Butts offer In regard to
the establishment OF packery here.
He outlined Mr.. Butts proposition
as follows: The organization of a
company capitalized for 100000, he
(Mr, BUTT to take $4,000 Of the
stock, and pay $4,000 or GO 2-3 OF
same In cash, and the remainder at
the call OF the board Of directors,
The other $4,000 to be subscribed
for and taken up by the citizens Of
Amarillo and the Panhandle, at the
rate OF $4,000 or so per cent In
cash to be paid when the organiza-
tion is made complete, and the other
90 per cent on the call OF the board
of directors II was further sug-
gested by Mr.. Butt that they assume
bonded Indebtedness OF 100000,
first mortgage upon the property
lands, buildings and machinery-to
bear 7 per cent interest, TO mature
in ten years or less and to be in the
denomination of $500 each, The
speaker explained that the more con-
servative business man would, OF
course, buy the bonds, while those
who entertained more speculative
ideas would buy stock, and some
perhaps buy both. He then spoke OF
the importance and desirabiliy Of
such an acquisition, and declared
that IL Amarillo failed to avail IT.
self of the offer, 1t would very soon
regret It, A packery here would
stimulate the industry OF raising ev-
erything from chickens to cows, and
be a great incentive for the building
of a greater Amarillo.
Judge Wallace spoke of the ad-
visibility of securing the packery,
for within a 2OO-mile radius ANA
rillo was regarded as the commercial
and banking center OF the Panhandle.
They would forever deplore it II that
opportunity were allowed to slip by.
Mr.. Butt outlined his plan and
going into details said the difference
in freight alone between shipping
here and to Kansas City was about
AZ per cent, and that being saved
the plant could be run, and big
success made of 1t.
Other speakers referred to losses
by shrinkage, long trips, excessive
| freight rates, ETC., and an almost
unanimous spirit prevailed in favor
OF the adoption OF Mr.. Butts offer
Mr.. ]. l.. Fuqua said, 1--WE do need
almost beyond expression, something
OF this kind, and something OF this
kind is going to be established in
this country" and the audience
agreed with him.
He said in IT Fort Worth was to
Dallas, about what Claude is to ANA
rillo today; and now Fort Worth was
a formidable. though friendly COM
petitor to Dallas, and In some In
stances her superior. This he main
tanned was because Dallas thought
she could rest on her oars--the Dali
las people believed they had 1t, in
a business sense, they believed they
could do It, in the same sense, and
they believed it, the business, would
come to them. But Fort Worth got
some OF the good things by going
after them, hence her present posi-
tion. A packing house in Amarillo
would be the means of attracting be-
tween 500 and coo families to ANA
rillo in a year.
1t was finally decided to raise the
required amount and a committee
with Judge Wallace as chairman, was
appointed to solicit for the project.
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