Americus times-recorder. [volume] (Americus, Ga.) 1891-current, 1920-02-19
CAPITAL FIXED
AT 100000
AS SUFFICIENT
Americus To Raise Half
Rural Backers Are
Told

The campaign for the organization
and construction of a local packing
house under revised plans was
launched yesterday afternoon at an
informal caucus of interested citizens
at the Windsor Hotel. Today actual
work looking toward the perfection
Of the organization and fruition of
the plans under way, quietly bat
Systematically and earnestly.
AT the caucus of citizens 1t was de-
cided that the capital should be $780,
600, instead of $250,000 as had been
considered on previous occasions,
definite figures for the construction
of plant of suitable size for the
beginning here being on hand to show
that the plant could be built and put
in working order for half that
amount, leaving half for working
capital
81 was ready to take 81, 900 of
stock in the larger plant which we
talked of and started to organize
late last year." said Sam McGarrah,
Of near the Marion county line, who
was present at the meeting, "but' |
am ready to double the amount in
this smaller plant; that's how much
confidence | have in it."
"All right, you be back here next
Tuesday said Chairman l.. A. Nor
gan, to Mr.. McGarrah, "and tell us
how much Of this 100000 stock the
Marion county farmers want. You
tell them that Americas is going to
put in $50,000-not to be hoggish
but to show the outsiders that the
business men and farmers here be-
lieve in the enterprise"
And that is what Mr.. Morgan and
a handful of men are about today
making start lining up the city of
Amercus first to take the lead in this
enterprise that is so deeply on the
hearts Of the entire community and
which everyone wants so badly.
Mr.. Morgan, who has been taking
the leadership in this packing house
campaign as commissioner of the
Chamber of Commerce, and because
he believes so intensely in its impor-
tance to the immediate development
Of the live stock interests of this Sec
ton, had for the inspection of the
men at the gathering plans, blue
prints and estimates of the cost of a
complete packing house of modest
size. The figures were furnished by
Z. II. A. Wannenwetsch & Co., of
Buffalo, builders Of such plants. Their
estimate for complete plant with a
killing capacity of rs hogs and 20
cattle daily put the cost at between
Sal, 200 and $4,000. Because of the
great need here for cold storage space
for outside commercial purposes,
which would constitute an important
source of revenue to the plant here,
Mr.. Morgan had an estimate drawn
of doubling the contemplated cold
storage space. The revised figures
were contained in the following tele-
gram which he received a short time
before the meeting:
"Up-to-date packing house, capaci-
ty IS hogs, 20 cattle per day could
be built for approximately $48,000
to $4,000 complete, ready for op-
Grafton. Letter following. C. H. A.
Wannanwetsch & Co."
The sentiment of the meeting APP
peared to be unanimous for pack
ing house of this capacity, it being
pointed out that these plants are built
IN the unit system, which permits
them to be enlarged merely by the
addition of units without remodeling.
The only matter for the meeting to
settle was the amount of capital
needed and the manner of raising it.
1t was quickly decided that $1,000
would be sufficient capital, as. money
could be borrowed for parts of the
year for operation expenses cheaper
than having too much capital tied up
for one year around. 1t was agreed
Continued on Last Page.)