The Washington herald., 1919-08-10
Financial News--Stock Market Prices
COMP ANY MAKES
GOOD Turnover
Record of VirginiaCaro,
Ina Chemical Is Credit
able, Says Holland.

l.
ginla-Carolina Chemical Company.
must have contemplated with salts
faction the annual statement of the
= company for the year which ended on
May 81, 1919 For, it has been COM
monty remarked that the record made
by this company justifies listing It
among the great corporations OF the
United States, a corporation whose
turnover is a little in excess of $780,
200, 900.
When il Is borne in mind that five
years ago the turnover of this COM
pany was a little under SOL. 900.
there appears to be Justification for
the statement that the present show
ing is. IL not unique, at least phenom-
email in the record of American indus
trial corporations.
An Industrial Leader.
There is an incidental interest as
ISOLATED with the growth OF this cor
poration which is of a personal char
acter. For it represents the achieve
ments OF President Morgan and his
associates. achievements which have
been secured within a comparatively
few years. Mr.. Morgan is himself
one of the leading representatives OF
that masterful body OF business men
who have done so much within the
past fifteen or twenty years to de-
velop the South so greatly along IN
dustrial lines.
Often the comment has been made
that the business leaders Of the South
Of this day fully represent modern
business ideas and are in possession
Of as great ability as our most con-
spiCVOus leaders of the North. WHAT
ever sectional or political differences
still prevail, they are completely
eliminated so far as the business re
latiOns between the men of the South
who are leaders and the leading men
of the North are concerned.
Compared with Duke.
President Morgan is often spoken Of
as one of the busiest of the indus
trial leaders. II is observed that he
is q man whose mental operations
are rapid. almost intuitive. and that
Is a quality which CharaCIerizes our
a0lest business men. But he IS busy
in another way. For a part of each
week he il at his home at Richmond.
Va, where his chief manufacturing
plant is located and upon other days
of the week he is to be found at his
Offices on one of the upper floors OF
He fits back and forth by night.
President Morgan is sometimes COM
pared with James B. Duke when brill
liant business achievements are spoken
Of, and there may be something in the
atmosphere Of Durham, n. c, which
stimulates business ability. Both are
natives of Durham.
Mr. Duke foresaw the possibilities
and opportunities that were in a very
great utilization Of Southern tobacco.
utilized Potash.
After the Kaiser sent his armies
into Belgium and England blockaded
the German ports. there was no
longer any possibility Of securing
German potash. But in Florida. in
North Carolina, and in other regions
OF the South. there are ineXhaustible
mines OF phosphate. Science. chem
istry, as supplemented by the intlu-
cnce exerted by President Morgan,
pointed out the way by which these
natural resources of lie South could
he so utilized and perfected as to be
OF great benefit to American farmers.
This undoubtedly explains the items
and the record which show that IN
the years 1918 and 1874 the turnover
Of this corporation was $6l,OOO.OCOO
iround numbers), n little more than
that next year. and so again for the
two succeeding years, until at last, In
the year which has just ended, the
turnover was considerably more than
SI3G. 10000, with net profits of S6,JOOOco
American production. especially ag-
r:eulturaI production, whether of food
or Of cotton, was greatly stimulated
BY this product. 1t undoubtedly served
in considerable measure so to speed
~ production. as to aid so far as
rJcd is concerned. in supplying not
only our own people. but our allies,
with certain food products.
T.ANDr