The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-07-27
Movement to Build High
Density Compress a nd
B o n d c d Warehouse is
Well Underway.
SUCCESS OF PROJECT
MEANS MUCH TO PORT
Hinterland Could Supply
More Than 200, 900 Bales
of Cotton to Be Shipped
From Pensacola Annually.

Campaigning for stock subscriFtioas
press and bonded warehouse. seven
prominent business men will begin a
wholesale canvas of the business dis
trict tomorrow.
With J. G.. Pace, president: II. III.
Thornton, secretary. and John A. Mer-
ritt, George w. Howe, Wilmer Hay
ward, l.. W. Holsberry and Hunter
Brown, board of directors, a com
pany has just been organized, Only
$4,000 of the necessary amount has
been subscribed but the company is
determined TO put the proposition os'er
i'm less than a weeks time.
The compress, with its immense
possibilities for the shipping trads md
allied businesses, win mean thousands
Of dollars yearly saved for this port
which is now going elsewhere. The
United states shipping board rcfuses
70 accept cotton unless it is compress-
ed according to specifications. Anti.
uuated methods which obtained at the
Old cotton compress here have been
thrown into the discard and business
men behind the movement arc seser-
mined to quickly put the deal across.
A prospectus issued yesterday gives
the estimated cost of the compress
and warehouse at $4,000 For the
press; $4,000 land, $4,000 building
press; $4,000. two units of bonded
warehouse; $1,000 surplus for operat-
ing.
The com pany will be organized with
a cash capital of 100000. For the
press "A cash payment of $4,000 will
be made and the balance of pur-
chase price, $4,000, paid in four years
vgtk
ditional surplus of $4,000 will remain
Tor operating expenses.
A great part OF the southeastern
territory win send cotton to Pensa-
cola for compression and export when
the compress has been established
according to E. G.. Carter, local cotton
buyer. He predicts that the plant will
pay splendid dividends.
Some one. said to me-" Mr.. Carter
said, = III we should put a high density
compress at Pensacola where could we
get cotton with which to feed the
mill? l believe" he said, IF you win
trace through the counties in South
Alabama and West Florida through
which the L. g. n. and c., F. & A
branches pass and where there are
no congresses, list them down and get
your government census with the re-
season ending in 1913, you will find
right at our doors an immense cotton
. territory. that produce more than
100000 bales of cotton annually. This
is distinctly an export section with
rates favoring Pensacola.
When a boil weevil alarmist refers
you to present production of about
10000 bales of cotton this season,
remind him OF an ever-increasing pro-
duction per acre in all sections west
OF US which have been infested with
weevils years before they came to
South Alabama.
Then, If you will look up railroad
tariffs, covering the greater portion of
North Alabama, North Mississippi.
Tennessee and even good part of
Arkansas. you will find that rates are
as favorable to Pensacola as to any
gulf or Atlantic port, from a territory
which produced more than two mil
lion bales of cotton
II believe that I am well enough
Informed to say that we can secure
from this territory for a high density
compress at Pensacola at least 200. 900
bales annually. IL we equip and go
after IL.
when | say this I am not guessing.
7 have made il my business to find
out facts. There is no one even
half way informed who can doubt this
statement
II have been repeatedly asked IL
these high density compresses pay
said General Manager j. III. Fraser.
of the c.. r. & A. r. r.. yesterday.
They do. and on small Investments
such az is proposed here. They are
paying $1.e0 per bale net at many