Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1910-01-11
BIG CONCERN TO HAVE
a HEADQUARTERS HERE
Chattanooga, Macon,
Augusta, Columbus, Rome
and Athens Interested Plans
Are Outlined

Atlanta ( to be tie hesdquarters of an
lee ard coal corporation that has just
been chartered under the Virginia laws
The new ecrreration has acquired abso-
Int control Of me plants o. six local CON-
ranies. and wiz shortly erect two more
pants IN cities near Atlanta
This merger has been efrrctsd BS prom
sn-uf Atlanta Capitalists. under the lead
<r<hip OF Ernest woodruff. president OF
she Atlanta Ice and Coal company, ptesi-
Gent az the Trust Company Of Georgia,
and identiaed with several other imppr-
tanf local concerns 1
there are four independent ice manu-
fsctnrers in Atlanta who are not affected
~ the merger. They are:
r Sawtell. Independent Ice com
rany. Atlanta Brewing and Ice company
and Atlanta on and. Fertilizer company,
The Atlantic Ice and Coal company is
the name OF the new corporation. char
fered on December a. IT'S meeting of or
zanizafion viii De held soon. Its char
Ter provides for 100000 per cent GU
nuistfve preferred stock: 100000 com
r-on stock. and $4,000 8 per cent bond
ISSUE. Foe the present. Il is said. only
ABOUT $4,000 preferred stock viii be
issued. about 10000 common. and about
r.Geeso bonds. OF which latter issue
some r.1ooooo is placed. The proceeds OF
these issues win pay for all of the plants
taken over by the corporation and will
mt them free of debt. and win also pro-
vide between $4,000 and $4,000, working
capital and improvement fund. which wn.
= used far ne snlzEgs melEt Of nresent
pants ard TIE Building OF two additional
plants.
FOUR PLANTS THE BASIS.
The formation of the Atlantic Ice and
Coal corporation is based on the plants
- Atlanta. Chattanooga. Columbus and
Augusta. now owned and controlled prin-
cipaIIy by the stockholders Of the Atlanta
ice and Coal company. Those four plants
are the Atlanta Ice and Coal company,
ne Crystal Ice company. of Chattanooga,
me Columbus Ice and Cold Storage COM
many and the Peoples Ice company, OF
augusta The first Of these four. the
Alianta company. was organized by its
Resent owners about seven years ago.
re three others were formed later by
he same stockholders. though as sep
srak COMPUTATIONS The four companies
have a combined ice manufacturing "a
nacity, OF SO tons a day, and a storage
capaeity OF about 500 or 5000 tons
In the interests OF economy OF opera
ION. the stockholders of the four plants
named decided 70 orgsnize as one corpor
alton. and the Atlantic Ice and Coal cor
poration is'ths result.
The three 7ther plants which the new
company has acquired are the Athens Ics
md Coal company. the Rome Ice Manu-
occurring eomIsny and the Central City
Ice Works. OF Macon.
Each one OF the seven plants cnumer-
1ted WI be represented on the board oi
directoFs % tbe Atlantic Ice and Goa
eo-porsfion- There will be originally L
members on that board. The headquar.
.ers OF the eompany and it's general Of
dces wilt be IN AtlaEta.
PRESIDENT WOODRUFF TALKS.
All Of the foregoing Information Is OBJ
famed On the authoEity q Ernest Wood
ruff. VINO has been identified prominently
with the organizafion and management OF
the original companies forming the AT.
lantie Ice and Coal corporation. and who
win head that cum,any.
1T has been sie policy of the organ
izers and OWNS OF these four origins
plants. sass Nr. Woodruff, TO erect
and Operate .Illy modern and up-to-datc
plants cap4hls OF manufacturing ice at q
Fninimvx< st Their policy has been q
nnair,zfn the product at low price thai
.noCfd increase It's consumption.
no MONOPOLY. IN ANY CITY.
No additional plants viii be included
in this merger IN any Of the cities repre-
zented In other words there viii BE-
competing plants in the field in al Of
them. with tbs single exception OF Ath
ems. where our plant i the only one.
This Atlantic Ice and Coal corporation
Is the frst OF its kind, in the south
Mergers Of this nature are already
known. though. IN the north and west
Bnt the distinction should be noted that
while 20 per cent OF the products con
urai ice. al OF ours is Manufactured
ice "a
Mr. Woodruff states that the reason
why the charter was obtained in Virginia
Is that the incorporators found the laws
OF that state more favorable it being
POSSIBLE 70 secure charter there. for
Instance. in one day. whereas IN Geor-
Eia at least . or n days would have
been required Virginia also. says Mr.
Woodruff. gives . permanent charter
while the Georgia charter is for a defin-
he period.
EACH CITY HAS DIRECToR.
While the Atlantic Ice and Coal corpor-
alton has not yet organized. the names
of some 81 the probable directors are
given out II. J. Rushton. Of Rome. will
represent the Rome company. A. Block
and n. II Block. Of Macon. who have
been n the ice business for some 3 years
IN that city. viii probably represent both
Macon and Athens. Col. d. b. Dyer viii
represent Augusta. II. l. Woodruff.
president OF the Columbus Ice and Cold
Storage company and brother OF Ernest
Vocdruff win represent Columbus. r.
O. Reddicks OF Chattanooga, viii prob