The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1923-05-10
.WAREHOUSEOF
EIGHT STORIES
PLANNED HERE
Eastern Capital Incorporates
-. 1any To Handle Bulk
- srchandise And Make
= Birmingham Big Dis
tributing Center

Lowndes Walthour. New York. and
eastern associates, propose, with CO.
operation of Birmingham business
men. the establishment here of a
huge warehouse of 250xI. 600 feet and
eight stories high, to cost s2,oo0,oO0.
To that end the "Break-in Bulk
Birmingham Bonded Warehouse Cor
poration" has been organized and has
taken out papers of incorporation.
Nominal stock Of $4,000 was increased
to $2.000,O0O.
Lowndes Walthour & Co.. fiscal
agents, have rented offices on the
ground floor of the Brown-Marx
building and are In touch with local
capitalists with regard to perfecting
organization. electing permanent Of
ficers and directors.
Temporary officers named In the
original charter petition are T. o.
Melton, president; j. II. Doughty, vice
president; C. L. Snow, secretary; c.
l.. Ritter. treasurer
Mr.. Walihour is a native of Bar
hour county. Alabama. a kinsman of
Judge Henry u. clayton, and has been
in New York 20 years. part OF the
time with the Southern Cotton Oil
company and later with Swift & Co.
At one time he handled the textile
product of the Speigner prison and is
now in the grey cloth business.
In Other Cities.
Such warehouses as proposed for
Birming CHAM have been built in Sa-
vannah. Augusta and Memphis. The
Memphis Warehouse corporation
started in 1906 with a capital of $3.50,
600. 1t now has surplus of $1,000
900
The proposed warehouse would not
conflict with any of those already es-
tablished here. it Is stated, in that
the business is to be of different
character. The purpose OF the new
warehouse is to receive entire car
store it pending demand for smaller
quantities from merchants.
Distributing Depot.
The warehouse is intended to serve
as A brealt-ta- bulk denot for large
shippers. For instance, 1t was stated
that western salmon are shipped to
the east by tho car loads. These car
loads are consigned to cities which
have the storage space SO as to be
available for distribution of smaller
quantities. Where cities do not have
tHeSc ldIGt the Sal IN on
are not shipped In car loads. The
merchant not residing In a warehou Sc
town pays the local freight rate and
does not get the benefit of the
through rate.
Extend Trade.
1t is pointed out that with such a
warehouse in Birmingham its trade
territory would be greatly extended
by reason of having the warehoused
car loads Of products available for
INN ediate shipment from Birming-
ham. Business with southern Ala
bama would be added to what Bir-
mingham does in it's nearby trade
territory, 1t was pointed out.
O O O
Strategic Position.
I'VE expect to put $4,000. 900 in the
ground and the warehouse buildings, )"
said Mr.. Walthour. birmingham is
the logical point for such an institu-
ton. because it is ideally situated for
distribution of broken-in- bulk prod
ucts over several states. The enter
prise in Memphis has been a striking
success. Birmingham is In even a
stronger strategical position for con
Quoting such business"
Mr.. Walthour and associates have
been in touch with the Chamber of
Commerce and Birmingham business
men for some time. Organization of
the corporation and opening OF Of
fees follow several weeks of pre-
iiminary survey