The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1909-09-10

ties And begins
o,,.ts-wiu Increase The output
10000 Tens
.r,,rfnp clipping from the !
: s,rset Journal of Aug. 81 is OF !
al interests to holders of the
~ '.i. of the International Agri-
', ~.-,r corporation. At least $1,000
gu ,bis stock is owned in David
u.rry and Giles Counties, Tenn
y n and about Florence, Ala, by
y -. who sold their properties to
C.. receiving stock for the
zane: ,.,o. .onords
Iormapent organization of the In
.a,ionaI Agricultural Corporation
now been completed and the OF
ss.rs with single exception remain
came as were specified in the orig
u make.up. William n. Shaw, Sec
,.-y and Treasurer of the New York
:. brake Company, becomes Vice
President
.Tbe officers of the perfected organ
,.,,ion now are as follows: Wade
n,,r scbmidtmann, Germany, Presl-
-. w \ shaw. New York. Vice
president; John w. Fry, Columbia
Tom Secretary; Robert M. Round
prrao Treasurer; T c. Meadows
New York. general manager; Lee ASH
,,oft Florence, Ala. manager OF
Southern department; George w. Kill
,obrew manager of phosphate rock
department.
II is understood that Mr.. Shaw VIII
have considerable to say regarding
tho affairs of the International in his
new capacity. Relative to the pres
ont condition of the company and the
omlook he said to the Wall Street
Journal;
nAlI the properties of the Interna-
topal Agricultural Corporation were
pnrchased free and clear of all in
debtedness, and only actual value has
been Daid for. In none of the agree
ments was there any allowance MADE
for good will, and there has been no
injection of water into the capitallza-
ton. The company at the present
time is supplied with enough potash
phosphate and acid to last for a long
period of years The real strength
Of the organization lies in properties
Of raw material actually owned. A
good volume of business is now com
ing in. and the earnings are large
which naturally makes the outlook fol
stockholders very promising.
Although no mention has as ye'
been made of dividends, it Is under
stood that all investors in the busl
ness will receive satisfactory remun
Grafton when the time is ripe for
dividend declaration. 1t is expected
that within a short time application
will be made to list the stock on TN
Exchange.
"Adyiges from Germany state ina
the potash trust is on the point Q
completion, and that two of the man
ayers. a Mr.. Vogel and Mr.. SchWed
deskOpf, are now on the way to New
York to study the situation in tn
American market. Reading betweel
the lines the conclusion is drawn tina
tbe primary object of the trip is 10
purposes of consultation with repre
sentatiyes of the International so tina
some satisfactory agreement may D
reached. This is also an indicatlo
that the foreign combine regards IN
American concern as an importaI
factor in the potash market In
Schmidtmann potash mine In Ge
many, which has been taken over D
The fertilizer combination, controls
large proportion of the foreign pr
ductton and coupled with the enrel
Slye interests in the United state
The success of the enterprise seen
well assured"
The International Agricultural co
loFation has taken charge of ana
Operating the phosphate properti'
purchased at Mt. Pleasant, and Ge
w. Killebrew, manager of the Pho
phate rock department of the col
pany, has them in charge. he
starting up all the plants, and workir
them with an increased force. Thini
look better to the Mt Pleasant me
chant and business man than th'
nave since the panic of 1907 II
'aNIhg over of these properties w
increase the output of rock from u
MI Pleasant field during the CONN