The Dawson news. (Dawson, Ga.) 1889-current, 1912-01-13
NEW MOVE IN FARMING
MILLION DOLLAR STOCK COSIPA-
Ny ORGANIZED TO OPERATE
IN Delta NEAR MEMPHIS.

Will Grow Cotton, Install Gins, Com
presses and Warehouses and Erect
Cotton Factories. An Experiment
Station Of 100 Acres.
The movement toward the forma-
ton of big companies to operate
large tracts of farming lands in the
delta near Memphis has received de-
cided impetus through the launching
of the Shellmound Plantation Com
pany at Greenwood, Miss, with a
capital stock of 100000. Among
the principal incorporators are G.
A. Wilson of Lexington, Miss, who
controls 1000 acres; T. R. Hender-
son, who owns extensive farming
property in lie FIore county; w. S.
Barry of Greenwood, who has about
10000 acres; e. C. Wright, president
of the First National Bank of Green
wood, and W. r. Humphrey, presi-
dent of the Delta Bank, also of
Greenwood. The two latter own no
important land holdings, but they
are among the wealthiest men of
that section.
The invasion of the boil weevil is
doubtless responsible for the organ
ization of this company. Ever since
this pest made it's appearance there
has been a wholesale sacrifice of
property by many planters in the
delta, who did not have the courage
to continue under the unfavorable
conditions resulting from the boil
.Weevil activity. Northern capitalists
have acquired a great deal of the
land thus sold and the gentlemen
owning the 10000 acres to be oper-
ated by the Shellmound Plantation
Company are imbued with the idea
that they can operate to better ad-
vantage through a consolidation of
their interests and that, organized in
this way, they can better resist the
tendency toward selling out. Furth-
ermOTe, the charter COnferS upon
them the right buy, lease, own or
control other lands in the Yazoo-
Mississippi delta, thus putting them
in position to take advantage of any
cheap lands that may be offered for
sale in their territory.
AS giving some idea of the scope
of the new corporation it may be
stated that the charter confers the
following rights: ITO acquire, own,
hold and sell lands in LeFlore coun-
ty, Mississippi, and in other counties
in the Yazoo-Mississipp valley delta,
in the state of Mississippi, and to ac-
quire, own, hold, operate and enjoy
cotton seed oil mills and textile cot
ton factories, and any and all kinds
of machines and machineries and
power plants so far as may be neces-
sary for the fun use and enjoyment
of any and all of the lands acquired
by this corporation, and for making
the same most profitable for this
corporation, and to acquire, own,
hold and sell personal property in
any amount necessary for aforesaid
purposes. The amount of land to be
held as aforesaid not to exceed in
value 81 100000, but an increase in
'o4uCo AIduC ny LuApl ONGuGuIS OF
raise in land values in market for
any cause of the lands acquired by
this corporation over 100000
shall not affect the right of this cor
poration to hold same, and to carry
on mercantile business, and also to
acquire, hold and own capital stock
in any nOn-competiting corporation
to which it may lease any of it's
property, real or personal"
The promoters of this corporation
have declared their intent to locate
at a central point an experiment sta
tion to consist of 100 acres of the
best soil available, on which they
will experiment with cattle, hogs,
sheep, etc, and the production of