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About The Vidalia advance. (Vidalia, Ga.) 19??-1977 | View Entire Issue (Aug. 25, 1927)
'Alt TW* N«w» Os T«M»B»bi tad Surrounding Conntio* I Great Opportunities for Investors x GEORGIA PORTLAND CEMENT CORPORATION I Headquarters: AUGUSTA, GEORGIA t 9 $2,500,000 'V GEORGIA PORTLAND CEMENT 1 CORPORATION 9 7 Per Cent Cumulative Preferred Stock 9 Preferred as to assets and dividends. Dividends payable May Ist '9 and November Ist. Redeemable in whole or in part on sixty days 9 notice at SIIO,OOO plus all accumulated and accrued dividends. Divi -9 dends free of present Federal Normal Income Tax. Each share of 9 Preferred Stock will carry a bonus of one-half share of Common 9 Stock on present offering. ■ CAPITALIZATION im On completion of this financing, the Capitalization of the Geor m gia Portland Cement Corporation will be as follows: 9 Authorized To Be Issued 9 7% Prferred Stock (SIOO.OO Par Value 30,000 Shares, 25,000 Sharse A Common Stock (No Par Value) 30,000 Shares, 25,000 Shares 9 BUSINESS 9 The Georgia Portland Cement Corporation has been incorporated V under the laws of the State of Deleware to engage in the manufac m t ur e and distribution of Portland Cement. Appropriately 827 acres >9 of lime rock and clay lands situated in Washington and Burke Coun -9 ties, Georgia, are owned and controlled by the Cor'’'any. These hold im jrgs having been thoroughly drilled and carefully analyzed are 9 found to contain materials exceptionally well suited for the manu- M facture of a high grade Portland Cement. 9 MARKET 9 The market condition for the distribution of Portland Cement in 9 the South are ideal. The industral development which is taking place 9 has attracted the attention of the entire country. The consumption 9 of the territory that our plant will serve with cement amounted in 9 1925 to 17,363,440 barrels, while the production of cement in this 9 very same territory averaged annually for 1924 and 1925, only 12,- m 211,280 barrels. Besides this, the strategically correct location of our *9 plant from the standpoint of shipping will give a freight differential ■ in our favor of 30c to 50c per barrel in our immediate trade terri -9 tory over competitors of Alabama, Tennessee and Virginia. 9 PLANT 9 A plant with an initial capacity of 1,000,000 and an ultimate cn -9 pacity of 1,600,000 barrels of cement per year, is being designed by : .9 men of long experience in the Cement industry. The layout will be a 9 combination of the best features of several of the recently erected 9 plants which are now being operated, and are financial successes. *9 MANAGEMENT ft The management of the Georgia Portland Cement Coroporation 9 will be under the direction of men of experience in the manufacture of cement and of kindred lines. The Officers and Board of Directors 9 composed of men who have had long years of experience in the 9 manufacture of building materials. Price SIOO.OO per Share with Bonus of One-Half Share of Common ■ M Stock. 9 GEORGIA PORTLAND CEMENT 9 I* „ ~ CORPORATION i 1 9 1501-06 Southern Finance Corp. Building I 9 AUGUSTA, GEORGIA. 9 I 1L OFFICERS AND DIRECTORS I GEORGIA PORTLAND I I CEMENT CORPORATION I Augusta, Georgia I 1 J. LEE HANKINSON, President I ■ President, August Clay Products Com- I m pany; Vice President, Georgia- I V Carolina Brick Company; Direc- I M tor, Southern Finance Cor -I|V poration. I m JOHN C. HAGLER, Vice President I M President, Georgia- Carolina Brick Com- I K pany; President, Hagler Brick II Company; Vice President, Au- I ff \ gusta Clay Products Co. ■ 9 H. W. NEILL, Secretary-Treasurer I S Auditor, Georgia-Carolina Brick Com- I W pany and Associated Companies I ■ Augusta, Ga. I m L. H. CHARBONNIER, Director ■ W Capitalist, Director in Georgia Rail -99 road Bank, Augusta, Ga. I 9 THOS. J. HAMILTON, Director I 9 President and Editor, The Augusta I flr (Chronicle; Director, Georgia ■ ■ and Florida Railroad, Augus -9 m ta, Georgia. I 9 HERBERT C. LORICK, Director ■ W President, Lorick and Vaiden Insur- Ka ance Agency; Director, Southern SI Finance Corporation, Augus- HS ta, Georgia. 1 W W. S. PREETORIOUS, Director ■ 9 Capitalist, Vice President and Director ■ m First National Bank, Statesboro, I ■ Georgia. ■M C. W. SKINNER. Jr.. Director B 9 Capitalist and Banker, Waynesboro, Georgia. BfV B. J. TARBUTTON. Director ■ A President and General Manager, San 4, V iersville Tennille Railroad Cora ■ b pany, Sandersville, Ga. ||B , T. I. HARRISON, Director II President, Harrison Lumber Company, H B Sandersville, Georgia. ■ | M. PEMBROKE POPE Director BB Capitalist and President of the Wash- H ■ ington Manufacturing Company, ■■ Washington, Ga. H K mmmnvamp'vmmmmnwm w xtvwwMcrac*; I Georgia Portland Cement Corporation j I 1501-1506 Southern Finance Corporation Building | w I AUGUSTA, GEORGIA I K I Returns on Original Invest ment of $10,000.00 IN THE NORTHWESTERN STATES PORTLAND CEMENNT COMPANY During 11 Years 100 Shares of Preferred—so Shares of common stock $10,000.00 Cash Dividend on Common 11 Year Period 15,400.00 Cash Dividend on Preferred 11 Year Period 7,700.00 100 Shares Preferred Retired January 1, 1926 10,000.00 Market Value of 75* Shares Common 22,500.00 Total $55,600.00 Deduct the original invest ment e 10,000.00 Net Profit for 11 Year Period $45,600.00 *A 50 per cent stock dividend was declared by the Northwestern States Portland Cement Corporation on De cember 19, 1922, making the original 50 shares of comon stock 75 shares, consequently this recapitulation shows a market value of 75 shares of common stock in that company at the time given. IMPORTANT CEMENT PROGRESS (Editorial, The Augusta Chronicle.) The development of a new process in the manufacture of cement which makes possible the production of a cement that will quickly set and cure so as to permit use within a day or two, against two to four weeks as at present marks a new era in construction at this time. The world has witnessed its stone age, bronze age, iron age, and - all other ages of various and sundry kind, but the present has been de nominated as the cement age. The discovery, or rather the develop ment of the process of making a quick curing and hardening cement marks an epock in this line that is bound to be of great consequence. The process will enable rapid construction of skyscrapers and other buildings where the element of time enters into it—as it does in practically all cases. Highways that now require from three to four weeks in curing and setting will be ready to open to traffic with the same degree of promptness that the builders can finish it and in two or three days it is laid highways will be open to travel. Another advantage that appears certain is that the new process will produce a cement of equally as good or better character than that being produced as portland cement at this time. The product has been thoroughly tested and meets the most rigid requirements of the test ing boards and bureaus and there appears to be no doubt about the value of the new product. At the present time it is understood that only three or four mills in America have adopted the process and while no statement of offioial character has been issued regarding the matter it appears to be a foregone conclusion that it will only be a question of time before all the cement companies will be compelled to change their plants to make the new product. Industrial plants have reported savings in time amounting to SIO,OOO to $25,000 in savings of time in construction and one theater in New ork is reported as having made $157,000 through one week’s earlier completion by the use of the new cement during the last stages of the construction, finishing the job earlier than planned. In one instance the owner paid $45,000 more for the quick hardening type of cement to be used on the job in order to have it quickly finished— this being done on account of the demand for the new type material —but he declares he saved more than twice that amount by getting into the building. It is easy to see what marvelous results can be secured from the new and improved building material and it will revolutionize the construction industry throughout the whole country. In many sec tions it will make possible construction work at a season when it could not be carried on on account of interference by frost, but it can bfe done now and harden and set before severe cold affects it. Os oourse, this particular feature does not affect conditions in this section, but the quick hardening and immediate curing process does, just as it does everywhere. The announcement ha* ju«t been made that the Georgia Portland Cement Corporation, an Augusta enterprise, is to construct its mill to manufacture this type and grad of cement puts Augusta to the forefront in this particular. The new material will be suitable not only for the finest kind of highway building, but also for other con struction work requiring high grade cement. In addition to all these other improvements that have been made in cement waterproofing is also possible and many great advantages are being added to the modern products, developments and improvements that were not considered possible a few years ago. It all goes to show how the road to progress is open in every line for still greater achievements and science and research work is winning a great battle for mankind and civilization. CEMENT MANUFACTURING PROFITS The Signal Mountain Portland Ce ment Corporation of Chattanooga, Tenn., started operation in 1923. In 1924 the company produced 824,- 202 barrels of cement at a net profit of $201,360.40. By 1925 this produc tion increased to 1,215,369 barrels at a net profit of $524,044.43. The Peninsular Portland Cement Company of Cement City, Mich., man ufactured 750,119 barrels of oement at a profit of $285,760.40 in 1924. In 1925 they made 758,813 barrels at a [profit of $315,251.17. The trinity Portland Cement Com pany of Fort Worth, Texas, in 1924 pro duced 1,064,597 barrels of cement at a net profit of $565,842.87 and in 1925 manufactured 1,230,000 barrels at a net profit of $667,350. These figures show plants of ordi nary size in widely distributed sections of the country, indicating the universal profit in cement manufacturing, the plants in the South showing the great est profit. The plant of the Georgia Portland Cement Corporation, because of its geographical location and large consuming territory, will be situated at a more favorable point for manufactur ing than either of the companies enum erated. THE VIDALIA ADVANCE ■■■*» are iring and USE OF t s h c “ o mmu° expand;?',SrS 3 THE SCtiS the iss of the The report of thet to their partment of Commit buyers tlfinps shows that sa this with Mines, snows mat si tnis wim me name into Georgia for. -tw oi May were 209,126 barrels compared to 186,- 398 barrels for May last year. Ship ments into South Carolina were 87,- 442 barrels in May, 1927, against 58,- 544 barrels in ay last year. The same authority states that June shipments into Georgia this year amounted to 196,027 barrels against 174,488 barrels for the same month last year, or a total of 21,539 barrels more for the month of June than for the same month last year. In South Cari lina the shipments of June this year were 64,616 barrels against 47,279 bar rels last year ,or an increase of 17,337 barrels for the montji. These figures indicate continued ex pansion and development in the use of cement in the two states in which the Georgia Portland Cement Corporation will operate most extensively. I WRITE FOR INFORM^OrT™ l ™ l *™™ lll ™| V Georgia Portland Cement Corp., I A Augusta, Ga. | % Gentlemen: Please send me full information on cement | M securities, without obligation on my part I S Address I W i **:X*xM’*rrx mm i— v r i t • - M GEORGIA PORTLAND CEMENT X CORPORATION f ■ ITS PLANS AND PURPOSES 9 The men who created this Company have had broad experience 9 in business, banking and practical executive work, connected with 9 the brick, clay, tile and kaolin industry, and they recognize the fact 9 that the consumption of cement in Georgia and Souh Carolina is 9j much greater than the production in these states that the per capita Jl consumption is growing as rapidly as in any states in the Union and W that the demand is constantly increasing. 9 Therefore, with a market at all times for all the cement this 9 company can produce combined (with the distinctive advantages that the company possesses in the immense deposits of limestone and clay W on its propery) coupled with its ideal geographical location from a 9 shipping point and its ability to make S superior article by using high 9 grade materials, brought about the organization of the Company. 9 This was not done hastily but only after exhaustive investigation 9 of the property and its deposits by engineers, chemists and other 9 qualified exeperts as these successful men would not identify them- 9| selves with any enterprise unless it possessed the elements that go to * make a uccessful institution. They are direcors in fact and not in 9 name only, and each one has made a substantial investment in the 9 company’s stock. 9 The company purposes to erect a strictly modem plant with 9 all new practical improvements which will enable them by using 9 late inventions to save 50 per cent in labor and 20 per cent in fuel 9 over the other plants, or ordinary plants—it can make that additional 9 saving which means additional profits for its stockholders. The first two units of the plant will have a n annual capacity of 500,000 bar- 9 rels each and the buildings will be so constructed as to permit of the 9 - installation of an additional unit to bring tKa- -.aßmitv im b.l VO,- 9 WINS COMMUNITY 1 i.l. . mm /\ef at f DO ’ ' i u - I U /AG£ a . 1t tuse this 1 a in these } well and . and . “tsecutive ‘ ng here. 11 have awith the \g part in thir ad arp I No man ever built up a lucrative and growing patronage except , through untiring effort and honest , methods. No more successful husi r ess man who has won success through close adherence to thus creed j and personal endeavor exists in V i . dalia than Mr. V. B. Herring, deader in the great oecessity-insurance. Mr. Herrine has gained the entire confi dence of the community by a code of business ethics flat has meant an absolute square deal for t %erj one. represents some of the largest and oldest insurance companies in existence for any kind of insurance you desire and he is pre- S SKUROW ONE OF VIDALIA’S ACTIVE AND PROGRESSIVE MERCH. are employed and patrons - * q qtcTTROW means Unrs are shown every atte’ The name of S. bKLKUW meai consistent w r:*. - ' Pro cmde>yh*TS so 1880 42,000 A 1885 150,000 B « 1890 335,600 W 1895 990,324 W 1900 8,482,020 Mi 1905 35,246,812 V 1910 76,549,951 M 1915 85,914,907 M 1920 100,023,245 B 1921 98,842,049 V 1922 114,789,984 M 1923 137,460,233 B 1924 148,859,000 S 1925 161,298,600 M\ 1926 169,705,000 B pared to render the most ett service in this feature of the ness. Those desiring any serv ! his line will find no one equipped to serve them th. Herring. Mr. Herring is kn< [almost everybody in this trad | too- and is represented and ; [for his energy and straignt i dealings with all mankind, i this time he is making a spe ! hail insurance which will ; • special interest to tobacco •| Mr. Herring is city clerl J votes most of his time to ;| of this office. In this cap j has rendered invaluable serv -1 community in which he live
