The Montgomery advertiser., 1909-07-10
.OTASH MINES
CHANGE HANDS
Big Corporation Formed
IN New York..
MONTGOMERY s. AFFECTED
Local Plants May Also Change
Manasemeuk
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nss cssessa Fss.asss 10 De Large
Faetsr IN -Fsrsilissr In
Asstry.

new Iorks Jury ELECTROMAGNETIC
manent organisafion Of the InternA-
tionsi Agricultural Corporation. which
was recently Incorporated under the
laws OF New York with an authorized
capitalization OF s1b,00o,0 900 has been
perfected by the election OF the follow
Ing oficerB: Waidemar 6chmtdtmann.
Germany. president; H. G. eickleE
Wilkes Barre. Pa. vice president; John
W. Fry, Columbia Tenn. secretary; r.
n. Rownd. Buffalo. N. T.. treasurer; 7.
G. Meadows, New York. general man
ager.
Besides these men the directorate. It
10 said, will include q number Of strong
financial interests In the city, Buffalo.
Columbus. Ohio. Nashville Tenn. and
Charleston. 3. G.
It Is understood that S4,ooo,ooo has
been paid by the International Agri-
cultural Corporation for the large
echmidtmann potash mine in Germany.
which has Just been taken over. This
ID the mine about which 20 much has
been said and written Of late in con-
nection with the probable disruption
OF the German potash syndicate. Ao-
cording to the latest advtces from Ger
many, however, the Solistedt mine will
probably again figure In the German
potash pool
oets E1srsxa Mine.
In addition to owning the Schmidt
mann property. It was stated By one Of
the prominent organizers Of the Inter.
national Agricultural Corporation to-
day that the new company has taken
over one Of the largest phosphate
mining companies OF Florida. owning
IN excess Of 100000 tons OF the best
pebble phosphate rock in Florida; three
phosphate rock companies controlling
practically ell the remaining high
grade brown phosphate rock In the
- a.
tiiizer manufacturing plants located
at Atlanta. Ca: Montgomery, Ala;
Athena, Ca: Nashville. Tenn; Flor
ence. Ala; Macon, Ga. Buffalo, n. r.:
Scranton. Pa. and Q number of dry
mixer plants throughout the Southern
Central and Eastern stAtes II 10 70.
ported that owners Of the various
tefnattonai Agricultural Cooperation
have agreed TO take half Scomrnon ana
haff preferred stock In the new en-.
terprise for the actual appraised cash
value Of tiaalk ylf4k>efsybNs
According TO one IN authority IL Is
proposed 70 have the shares listed Oh
the stock exchange before . great
while. - ~
Germo-xrert InteresxeG.
Inquiry yesterday among certain
fertiliser factors Of Montgomery verb
fled the Southern end OF the reported
organisation Of a sis.ooo.eoo concern,
known as the International Axrfcul-
turai Corporation. Of New York. by
the acquisition OF large phosphate
fields and fertilizer factories, In the
Southern states. among them the
plant OF the Germo-Fert company at
Montgomery In other quarters the
actual organization OF such o new
syndicate was doubted. The parties
xxyfnA Saf An3n hAs
that though the incorporation has been
attempted 1T has not reached solid
ground. ~
+. c. Meadows the general manager
OF the International Agricultural AS
ISOLATION. was the conspiouous figure
In the location and erection Of the big
plant by the Germo.Fert people here.
He has made frequent visits TO this
city and Il is significant that q Mr..
Anderson. an accountant. said to have
represented big corporation OF New
York, was In Montgomery. few days
ago on a visit to officials of the
Germo-Fert factory at this place. It
, ID believed that his coming was to
eppraise the properties and appurte-
inances here for the basis Of exchange
for stock in the new larger company.
1t Is said that the 100000 which
has made the nucleus OF the Agricul-
tural Corporation consists OF the sui
sphuric acid contracts which are own
ed by the Germo-Fert Company. be-
ting the exclusive right to remove the
suiphuric fumes from the ores and
converting into acid In Tennessee AMI
Georgia
As for the Florence. Ala. plant said
TO have been acquired by the new cor
poration, local experts say that II was
rumored yesterday that the Tonnes
see Valley Fertilizer Company. OF that
city. had been transferred TO new
ownership. This may be the deal re-
ferred to.
As TO any changes in the manage
ment1k the factories In the South. II
"a believed that there will be no dis
turbance of conditions as they exist.