Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1913-11-14
WILL ESTABLISH
COLD STORAGE
STOCKHOLDERS IN RICE MILL
BUILDING UNITE AND AGREE TO
PROPOSITION TO INSTALL THE
PLANT-WILL EXCHANGE STOCK
$4,000 COMPANY
H.. +. WILLIAMS, PROMOTER. AND
ASSOCIATES WILL LEASE PLANT
FOR FIVE YEARS WHEN 1T is
INSTALLED.

The plan to establish a cold storage i'm
Brownsville, it was announced at noon
today, is successful. All the stockhOld-
ers in the rice mill building. located in
the eastern part If the city on a ST.
Louis, Brownsville II Mexico railroad
siding, have agreed to exchange their
stock in the building for stock in the
cold storage. All that is now necessary
Is that the papers be drawn up and sig
natures affixed, and in il short time the
installation of the plant will begin.
ii. +. Williams of Dallas. who has
been in Brownsville the past several
weeks promoting the proposition stated
this afternoon that since the sOckhold.
ers in the building have agreed to their
part, he already has arranged for his
part Of the proposition, the furnishing
OF the necessary capital + machinery
and equipment. and the installation.
The next step will be the organiza
ton of "A company to operate the plant.
which will be leased by Mr.. Williams
and his associates for il period Of five
years, the promoters ( rantrcing the
company an annual dividend of II less
than eight per cont.
The rice mill building is valued at
$4,000, and it will cost probably $75,
900 to buy and install the machinery
and equipment, which means that the
holding company will have Il capital
stock Of about SlJ0 900. The interest o!
the Brownsville stockholders in the rice
mill building will be exchanged for stock
in the c Id storage company.
MIR. Williams and y. A. Lindvall. a
cold storage machinery man of Dallas
who has been here the pas: several days
in connection with the proposition. eX
pcct to leave this afternoon for Dallas
to arrange for he final details. in case
the necessary papers here are prepare!
in time for them t. catch the afternoon
train. They announce that no time will
be lost. as it is desired 10 have the plant
II operation as soon as it can possibly
be done.
The promoter, Mr.. Williams. has Spcn,
the past six weeks here in the interest o.
the cold storage. and til ugh he has met
with encouragement at times, he con
tinued to push the proposition and with
the assistance of members of he Cham
y vi III w IL W al u
ceSsful issue.
The rice mill building. the property
of the cid Brownsville Rice Milling Co.
is considered we'll adapted for tie pro
posed plant. being strongly built. 1t is
connected with the st. Louis. Browns
Vile < Mexico railroads main line by
a branch track. Other sidings can be
constructed around the building witt
little officially. and there is no dOub
hat the building is admirable for the
purpose for which it is NV to be used
1t has been in use as a warehouse the
past few years.
The cold storage will cater principal
ly To the trucking interests of the Lowe!
Rio Grandc and will be the only plant
of the kind in the Valley. 1t is brin.
installed with the idea in mind that the
farmers Of his section are in need of a
convenient place t, store their truck
awaiting better prices if necessary. and
to hold them just as long as they ma,
deem it necessary and profitable.
Mr.. Williams when leaving Dallas had
i'm mind the establishment Of his cold
storage ut Corpus Christi, but found
upon arriving in this section. that
Brownsville would be the better location.
since this city is the center # activity
in the Lower Rio Grande Valley. and is
peculiarly situated. with a building al
ready erected. to handle the proposition.
Efforts will be made to install the
plant just as soon rs the necessary ma
chinery can be gotten on the ground.