The Montgomery advertiser., 1909-01-01
 urchasefs Arc Messrs. pinckard and Wilson. ' OF $loo,ooo FOR
 PLANI AND MACHINERY caparity & the Plant to Be
 Doubled. rnxiish cspitsiists Fi.asce ola Com pany which Was Net Successful --Orsers Fer New Machis- cry Placed.

1fessrs. James s. Pinckard and Mas sov wilson. well known capitalists, ek Montgomery. have purchased the E valuahle csment property of the Eng i ljsh company which has been operst- kiae the Alabama Portland Cement CompAny Limited at Demopolis- The pIant of the company at Demopoiis Is sow belnr overhaulSd, new machinery NiiI be instalied and It's capacity will 5 6e 1oubisd
 ' new company will be formed. Con- tvacts for renewing the machinery and { 6oubIiug it's capacity have aiready boen let, contracts for the neces- bsxy coal supply has been made and ths satisfactory rates have been gfaAted by the railroads.
 The big deal was made some time ago. In fact, the preliminary papers Wore signed in Washington during the gouthafn Commercial Congress by 11sssrs. Pinckard and Wilson and E. q. Benjamin. representing the Eng lish bond holders of the old company. The trade was not finally eonsummaf- a until the Montgomery capitalists vere assured of cheap and adequate ouppiy cf ,coai and of satisfactory ratss by the railroads This assurance hayipg been received . contract has heen let with Cook and Laurie. who 1WI&I 08 tAtGtG GStH1 tfc HS" ScAAtf1-tSF to overhaul all machinery and to dou- b1a the former capacity of the plant, which was 500 barrels of cement day. As soon as the new machinery Is 1u. for which orders have already been mado, the pemopoiis plant which has been closed for several months VIII be epepsd.
 Msssra Pinckard and Wilson paid t2oef0oc for the plant and entered in- to en agreement to spend s2eo,eoo ID esfab blishing aew machinery and in d0ahling the capacity of the plant.
 This contract was made with F. T. Bsnjamin. an American who has lived in London several years, but who re- gently rented the house of the late Col A. A Wiley and who is now q 'resfdont of Montgomery. MT. Benja- min will be . member Of the new board of directors.
 Tke oId Csmpany.
 The old company was known as the Alabama Portland Cement Company. Limited. It was made up of English Investors and an English agent con- ducked the business at Demopolis. The plant has an especially favorable To- cation. It is situated between the tracks of the Southern Railway and the Warrior River within one mile of 9he city of Demepoiis. The raiiread tracks run through the yards of the plant and the river passes the prep erty. With the new system of ioeixs fhat have recently been erected on the warrior River the plant has tide water advantages to Mobile. The new company win make special bid for South and Central American business. # ia said that with the barge service which already passes the river landing Of the comoans that It's cement can L< - cents . barrel The new company has secursd warehouse privileges in Mo- bile and cement win be constantly Stered there for export trade.
 The English company was not suc- ceGskuf In its conduct of the Demopo- hs plant. After operating . number of years the company was sued sn the courts and several judgments were ob- tasned against 1t. The failure of the Engiinhmsn is held to be due to the fact that most of the machinery in the plant was out of date and that the ca- pacity of the plant which was 800 bar rels day was not sufficient to pay ap adequate return on the large in-
 As matter of fact the company made some of the best cement offered for sale in the open market. In merit and excellence 1t met every competi- kOt AtA etAV QVOA tt40AA AVb- AAS Ohlkou States government was glad to get it, in the building of its locks along the Warrior river. But tor various req sons the enterprise was not & success After the court proceedings, Mir. Ben5amin was named as trustee for the bondhoiders and directed to seu the plant fl an adequate price was offered for it It was said that the English compeuy invested e75o,0e0 in the plant.
 Attractive Investment.
 Mesars. Pinckard and Wilson were attracted by the splendid opportunity offered by Dsmopolis enterprise be- cause of its favorable location to trans portatioa facilities The company had more than forty acres of the richest cement land in the State and this land was easily accessible by rail or water