The herald and news. [volume] (Newberry S.C.) 1903-1937, 1920-11-23
COLUMBIAN GIVEN
IMPORTANT TASK
JOSEPH WALKER TO MANAGE
EXPORT CORPORATION.
Ten Million Dollar Concern Has Com.
pleted Organization and is AL
most Ready for Business.

The State, goth.
Joseph Walker of Hollowell &
Walker of Columbia has been Sc
lected as vice president and manager
of the American Products Export
and Import corporation the 100000
900 concern now being organized
throughout the South with the prime
object Of financing the export Of cot
ton. according to the announcement
made at the office of the concern last
night. R. L. Hollowell, also Of the
same firm, has been named as treas
urer Of the corporation. The organ
ization of the company has been
completed with the acceptance Of Mr..
Walker and Mr.. Hollowell and, as
soon as the stock is paid in, the char
ter for the corporation will be taken
out and business begun.
Experienced Cotton Man.
Mr.. Walker came to Columbia in
1901 and after short apprenticeship
in the furniture business entered the
firm of w. E. Smith & Co., buying
cotton on the street. Two years
later he went to the NJ. c. Heath
company, later becoming member
of the firm. After continuing in this
capacity for IL years, he joined MIR.
HolIowell in forming the firm of
IHoolllaWelII & Walker. He was in 1919
elected member of the New York
cotton exchange.
Mr. HolIoweli, who becomes treas
urer cf the corporation, is the senior
.nen,ber Of the firm Of Holfoweli &
Walker. one of Columbia's leading
cotton brokerage concerns. Mr.. Hol-
lowell is an experienced cotton man,
being thoroughly acquainted with
both the brokerage and manufactur-
ing phases Of the cotton business.
The officers of the corporation are:
Richard l. Manning, president; JOS
eph Walker, vice president and man.
ager; R. L. Hollowell, treasurer. The
directors are: B. E. Geer of Green
vile, J. Ross Hannahan Of Charles
ton, r. C.. Hamer Of Eastover, Bright
Williamson of Darlington, L. l. Guion
of Lugoff, J. W. CASTOR Of Spartan
burg, C. L. Cobb of Rock Hill, R M.
Cooper of Lee county and R. l. Man.
ming.
Stock Now Coming In.
The call for the payment of stock
was issued Wednesday and already
much of it is coming in, and the cot
ton given in exchange for stock is.
being shipped according to the ship
ping instructions.
eve have been especially pleased
by the fact that in number of cases
the subscribers have voluntarily in
creased the amount ~their stock
takings," President Manning said
last night.
Offices have already been arranged
for and all preparations for handli: .
the business have been completed.
Just as soon as the stock is paid
in, the charter will be taken out and
the business will be started. eve
are ready to ship as soon as we get
the charter and get the cotton said
Mr.. Manning. The temporary Offices
of the company are at Room 80, Ar
cade building.
A gratifying circumstance noted
by the corporations officials was the
receipt of subscription Of 100 bales
of cotton from Pink Whaley, a ne
gro farmer of Calhoun county.
Governor Manning spoke at Union
Friday and was advised that in ad-
dition to other manifestations of in
dorsement of the corporation, every
bank in the city had decided to take
81 900 in stock. "Our proposition"
he said, "seems to be growing upon
the people, business men and pro-
ducers alike"