The Palatka news and advertiser. [volume] (Palatka, Fla.) 1908-19??, 1913-03-14
FLORIDA In GRIP
OF Big ICE TRUST
Southern Utilities Co. BUYS
Plants in Fifteen Florida
Cities.
Palatka Plants Included in the Bic Deal


D.. G. White, president of the En-
glheerlng Securities Corporation O
New York has organized and will in
corporate the Southern Utilities Com
pany of Florida.
IhlS organization has already pur
chased the ice plants in fifteen Flor
lda cities. Where the ice business oI
city was combined with the light
ing and power plants, these too have
oeen purchased. Where two ice
plants are in a city, both are pur-
chased.
In some of the cities where the new
company has secured plants the ice
business has been combined with the
steam laundry plant, and this has also
been merged into the trust.
Inc plants already acquired in
Arcadia Electric Light and Power
and Ice Plants.
Bradentown (including Palmetto
ana Manatee) Electric Light and
Power Plants.
Fernandina Ice Plant.
Fort Lauderdale Electric Light and
Power and Ice Plants.
Fort Myers Electric Light and
Power and Ice Plants.
Lake City Ice Plant.
Live Oak Electric Light and Power
and Ice Plants.
Miami Ice Plants.
Palatka Ice Plants.
Pensacola Ice Plants.
Punta Gordo Ice Plant.
st. Augustine Ice Plant and Steam
Laundry.
Sanford Electric Light and Power.
Gas. Ice Plant and Water Works.
Tarpon Springs Electric Light anC
Power and Ice Plants.
West Palm Beach Electric Ligh'
and Power and Ice Plants.
The details of this big deal were
first brought to the attention of the
people by the st. Augustine RecorC
this week.
The information is given out that
Mr.. White and his associates have
great faith in the future of Florida,
IN fact Mr.. White is quoted as saying
that he believes "the next census will
show that this state has made the
largest percentage Of growth in the
Union during the present decade"
All Of this we are sure will make our
fellow Floridians feel more or less
chesty, but-What has that to do in
of the introduction of an
ice trust in the state?
In his interview Mr.. White states
that
zone of the benefits which has al
ready accrued to the state Of Florida
IS that most of the plants purchased
have already been paid for in full in
cash. This has brought a large
amount of new investment money ir |
10 the state and has according to lead !
ng bankers Of Jacksonville and 9th
er cities to materially ease up the |
situation and gives the local
people, who have received, or are to !
'eceve, the funds for investment in
,ther local enterprises.
at is intended that payments will |
,e completed within the next thirty
lays for all those plants which have |
lot already been fully paid for. This
will bring still more cash into the
tate available for local investments.
including the payments for all of the
,lantS and the additions and eXten-
lions which are intended to be made i
The entire operation means an in
'estment in the vicinity of several
million dollars"
1t is also given out by Mr.. Whites
pokesman that it "is the general
,olicy of those interested in the above
and such others as may
'e acquired, not to raise rates, BUT
70 LOWER THEM FROM TIME
TO TINE, as increased sales and as
manufacturing costs MAY JUSTIFY
SUCH LOWER PRICES, as the rates
which have been in the past charged
o the different plants are steady
here may be some equalization of
ates, but the general policy will be
0 GRADUALLY LOWER, AS MAY
BE JUSTIFIED BY CONDITIONS.
OF course Palatkans are more or
ass conversant with the TRUST
DEA OF LOWERING PRICES, and
yill welcome this newest philanthro-
y to the city with joyous acclaim.