The Birmingham age-herald., 1913-06-15
Warrant Warehouse Co. and
Magnolia Co. Under
Same Management
MUCH INTEREST
IN THE DEAL HERE
w. ID. Nesbitt Vice President and
General Manager of Mobile Plant.
Cotton Compress Is Being
Installed at Mobile

BY acquiring control of the Magnolia
Warehouse and Compress company of Mo-
bile, the Warrant Warehouse company Of
Birmingham has substantially joined
hands with Mobile In an important busi-
ness of the south The deal recently an
nounced from Mobile that the local own
ers of the Warrant Warehouse company
with Mobile associates had acquired the
Magnolia Warran. warehouse of that city
was received lere with unusual interest.
w. d. Nesbitt, president of the local COM
pany, as announced. Is vice president and
general manager of the Mobile unit of the
business. Associated with him in that
work are some of the most capable busi-
| ness men in Birmingham, as well as some
OF Mobiles leading citizens.
| The Warrant Warehouse company OF
Birmingham was established here follow
| ing the Cotton States convention in 1905.
Since that time it has developed into q
| very important commercial factor of this
| city and 1t was believed especially fitting
| that such a cotton ooncern of Birmingham
should get immediate representation In
| Mobile by acquiring one of the most firmly
established warrant warehouses at that
port Mr.. Nesbitt. who consummated the
deal during the pas. week, was Joined Ia
that enterprise by the following local men:
Local Men Interested
H. h. Milner. w. p. G. Harding, w. w.
Crawford, j. y. kirkpatrick, S. p. King.
w. S. Brown .. j. Dunn and others. The
directors elected for the Mobile house in
cluded: Albert p. Bush LeBaron Lyons.
! John T. Schley. Henry Clarke. Mr.. Mes
bitt, Mr.. Harding and Mr.. Miner.
The Mobile plant covers five city blocks
in Mobile, about as many as the BirminG-
ham house There is being installed there
as well as here a cotton compress of late
modern equipment, which will by modern
methods compress cotton bales into a
small cubit and which will not only save
great amount of freight rates for that
cotton, but will enable the warehouse TO
conveniently store great amount of the
feecy staple for the farmers of the south.
In connection with the saving of vessel
space it Is announced that ocean going
steamers have offered to make a reduc-
ton of 30 cents to 70 cents per bale on the
small bales that will be pressed by the
two companies AS Birmingham ships
now approximately 10000 bales Of cotton
annually, it is believed that shippers
through here will save annually over $780,
600 by reason of this arrangement. Doubt
less 1t will also tend to materially Increase
the annual amount of cotton shipped
through Birmingham to Mobile and Other
ports.
In connection with the Magnolia War
rant warehouse at Mobile the truth about
Birmingham will also prevail there as
respects lower insurance rates. The plant
here has been able to get a large cut in
insurance rates, while 1t is expected that
In Mobile the prices will be considerably
lowered when tho plant there is remodecd
and placed In the shape that has secured
Birmingham the rates now enjoyed.
Many Financial Advantages
The two institutions working together
under the same management will perfect
a broad business policy and with the men
now In charge the two concerns will be in
a position TO give many financial advan-
tages to the cotton men of this section.
The company in addition to safeguard
ing cotton has department for storing
automobiles specially arranged. Sufficient
light and fresh .ir is arranged to keep the
automobile parts in good shape. This
work In Birmingham has peen very sue
cessful and pleasing to automobile dealers
of the city.
The cotton feature of the warrant ware
house company includes facilities for tn,
immediate sale of cotton on orders which
has proven TO be a great aid to farmers
who are disposed to wait on improved
market conditions. This service is han
died without my material cost to the cot
ton owner and has time and again saved
great amount of money to those who
wait for the proper market to develop.
w. d. Nesbitt OF this city. who is presi-
dent of the local concern, believes the
joint arrangement with Mobile will prove
to be commercial venture or very great
benefit to the cotton growers and business
men generally of the south He is re-
garded as one ~ the best posted men n
the south on he cotton business and has
| made a great success of the Birmingham
plant
Wounded Negro Dies