The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1911-12-22
CHICAGO men
Want site FOR
new INDUSTRY
PROPOSITION SUBMITTED CON-
MERClAL CLUB FOR BIG b.
PRODUCTS PLANT.
AN INVESTMENT OF Sl5O,OOO.OO
cago Plant to Make a Thorough In
vestigation and Report Results and
Possibilities.

That Hattesburg is looked on as
the logical site for large manufac-
turing plant equipped for the eXtrac-
ton of turpentine, rosin ana charcoal
and other bi-products from the mil
lions Of pine stumps and waste pine
lumber in this soctign is markedly ap-
parent, \ number II manufacturers
and promoters have had this matter
up with the Commercial Club within
week. That many of these plants To-
Gated in other sections. notably the
one at Culfport, are. financially sue
Cessful and at the same time are serv.
ing the double purpose Of clearing the
cut-over lands of stumps is a demon
strated fact. That a plant of this
character would be a financial sue
cess at Hattiesburg, provided a mod,
ern and economic process of extract
ing the bi-products is employed, is the
opinion of local business men who
have studied the situation. That Hat
tiesburg will have a large plant Of
this character in the near future, pos
IDLY within the next year, is one of the
probabilities the future is holding for
this city.
! Mr.. Oscar Greedy, of Chicago, pre-
sented the latest proposition of this
| character to the Commercial Club at
special meeting yesterday after
noon, which was attended by a number
OF the leading business men. Mr.
Greedy was accompanied by Mr.. Har-
rison NJ. Angle, Of the American Wood
Products Company, of Chicago, a
chemist of wide experience and an ex.
pert in the matter of converting the
waste products of the country into
commodities of value.
Mr.. Greedy stated at the meeting that
he had made a thorough investigation
Of a process of extraction Of the BIZ
products of pine stumps and waste
NFph lCNtbblg ptllCNlCu ny llit AIlleT-
ican Wood Products Company. That
/ he had considered the process from
every angle, spending four or five
months not only in investigation and
/ demonstration. but in journeys over
/ the country and examination of other
plants and other processes. That he
had finally purchased outright the
rights to fifty-cord plant from the
! American Wood Products Company
and was on the lookout for a location.
That the rigors of the Northern eli
mate had caused him to turn his face
Southwark, and that Hattiesburg, as
the center of the yellow pine country,
and possessing as it does ample rail-
road facilities, appeared the most de-
sirable location he could find. Mr..
Greedy then introduced Mr.. Angle.
Mr.. Angle handled the proposition
from a scientific standpoint. He ex-
planned the process employed and its
advantages over other methods. not
only in simplicity and safety from eire-
risk, but in the large amount of bi.
product secured. Figuring on the min
imum amount of turpentine, tar or
rosin and charcoal and the minimum
market for these products he showed
that $40 worth of product at net
profit OF 50 could be obtained from
each cord of wood.
Mr.. Greedy then stated that while
some matters had already arisen since
his arrival in Hattiesburg that haC
caused him to change his origina
plans and proposition, that in genera
terms he would need an investm EN-
of s150,OOO for the working capital ant
suggested that before going further
into the matter the Commercial Clul
send man at his expense to Chicago
to make thoroush investigation o
Continued on Page Four.)