Cedar Falls gazette. [volume] (Cedar Falls, Iowa) 1860-1895, 1866-04-06
THE CEDAR FALLS STARCH MAyUFAC.
i kEa - TORI.


i a ~ TONI. A
A Factory to be Immediately Put Up-0r-
ganisation Of Z Company Machinery
Bought and On Hand-What the Busi-
ness will Amount to-The Advantages
Of Cedar Falls Over Other Places
-. The Good Effects of this Step. '1'
A month or more ago, Mr.. Geo. A.
Baker, formerly of Oswego, N. Y, and
later of Ottawa, Ills, came to Cedar
Falls to ascertain the prospect for es-
tablishing Corn Starch Mandatory.
There are but two successful manufac-
tories of this kind, we believe, in the
United States-one at Oswego, n. Y,
and one at Ottawa, Ills. In the former,
Mr.. Baker was employed seven years,
and the latter was built under his d.
rection. He possesses, therefore, the
necessary qualifications to establish
such business. Our people met him
cordially, and at once took hold of the
work. The plan was to organize Stock
Company, with Capital Stock of $50, =
600, which might be, increased to $780,
Oo0, divided into shares of 500. The
necessary stock was readily raised. The
stockholders have organized themselves
into a company, and adopted articles of
incol poration, which may be seen in
our advertising columns. The name Of
the corporation is the Cedar Falls Starch
Manufacturing Company, and is officer
ed as follows: fA-' ~Jfa~ {, H. .
President-JACOB COLE. ... ,.,..
Vice- President--J. NJ. OvERMAN.
Treosarer--J. N. BENJAMIN.
ISecretdry-H. c. HUNT.
Board Of Directors-Jacob Cole, J. NJ. Over.
man. A. g. Thompson. e. Townsend, Geo. A.
Baker, w. 8. Garrison, Jesse Cooper.
The Company will Immediately pro-
coed to put up building, and it is call
culated that tue business of manufac-
turing will be commenced at a. early q
period as next October. The machin-
cry has already been secured therefore
nothing remains to do but put up the
building, put in the machinery, and 90
to work. The difficult part of such an
enterprise - collecting capital, obtain
ing water-power, and securing machin-
ery-is happily disposed of. The build
ing will be of stone, l2O feet square on
the ground, with walls from Is to %
feet in height above foundation. 1t is
expected that the building will cost
about $50, 900, which, with the machin-
cry will bring the Investment up to
about S35, 0oo-possibly something NOR e
than that, when all is in readiness for
work. The confidence imposed in the
success of this venture, Is witnessed
in the fact that the per cent. of the
stock called in to purchase the machin-
cry was paid with promptness and
cheerfulness by the stockholders. There
is, indeed, an anxiety on the part of
those who have money even to the
amount of Sl0) to invest to secure stock
in this enterprise. The business is in
the hands OF safe ana reliable practical
men, and there is no ground for reason-
able doubt of its early success. The
Company propose, during the first year,
to work up an average of go bushels Of
corn per day; which will consume, es-
tmating the factory to run 800 days in
the year, $1,000 bushels Of corn per an
mum. This amount of corn, it is figur-
ed, will yield 600 pounds of starch per
day, or, 100000 pounds per year. The
value Of this starch would be not much
less than 100000. 1t is unnecessary to
state, therefore, in the light of these
figures, that this enterprise will prove
an important accession to the business
of Cedar Falls. This Factory will en-
ploy about 80 men, use about SID reams
of paper, 800 bushels of lime, a large
amount of lumber, soda ash, wood, oil,
Irvine, &C., per year, and give us an an
nual boost in our taxes to the amount
of about 500. The cheapuess Of corn in
this market renders such a Factory
much more likely to be profitable than
it would be in cities farther east or in
the midst of larger population. For
illustrations: in Cedar Falls the 60,OO0
bushels of corn to be consumed in a
year may be safely estimated at Is cents
per -bushel, or $4,000 for the years
work. Tn New York the corn would
cost, say 70 cents per bushel, or $40, 800
-S3l 800 more than in Cedar Falls; in
Chicago, 46 cents per bushel, or $27, 800
$4,000 more than here; in st. Lou
is, 81 cents per bushel, or $34, 600
SIG, 200 more than in our market. We
know Of no good reason for indulging
in any apprehension that the Cedar
Falls Corn Starch Manufacturing Com
pany will not establish a large and
profitable business. We put it down as
fact that this Factory will be in ope-
ration before another winter sets in,
and we have no doubt that it will do
much toward increasing the population
business, and development of the re-
sources Of this city.
The establishment of this business
here offers additional inducements for
q Paper Mill, and we are happy to say
that we have reason for believing that
we shall soon have the qualification Of
announcing to our readers that Paper
~ . *
Factory will follow close upon the
Starch Factory. There can be no doubt
about the success o. such an enterprise,
for mill would find home market
for most of its products, and at the pres
ent paying prices the profits would nee
essarily be large. We are glad to know
that our people realize the importance
Of establishing manufactures, and we
trust they will continue to use every
proper exertion to make Cedar Falls
the Iowa City of Factories. The COM
Ing Of one is beckon to another, and
when the proper start is obtained pub
lic-spirited citizens may rest from their
unselfish labors, and give themselves
up to their own affairs and the enjoy
ment Of witnessing the city, through
their good judgment and persistent ef-