, 1876-04-15

OF suC0 y law the Olob LAS UuOHhb " my
that it feels confident that the Central Faoto-
fies will turn out to be a paying enterprise
in st. Croix, but, also, that it is seriously
Intent upon assisting the Island. 1t will be
remembered that the Diet in 1870 threw out a
proposal for assisting St. Croix by granting a
considerable sum of money TO be lent TO the
planters of the Island and it is not improba-
Bile that there were at that time many VINO
thought that the Diet treated these Islands with
Indifference. We have now seen proof that
the Diet Is willing to assist when 1t receives
from the Colonial Government and the Minis
try an economically sound proposal. But we
cannot rest o~ontented with cOngratulatlng our
present Government and the Ministry that
their efforts OF saving 81. Croix have so far
succeeded,-the chief condition for the full
flment of which it depends if the ? millions
crowns from Denmark are to benefit st.
Croix-the formation of a joint-stock COM
pany is wanting yet. No one will deny that
the enterprise in question gives a fair promise
of becoming a profitable one; Central Factories
have stood the test Of many years in the French
Wlndward Islands, and it is quite a common
thing that the shareholders in those concerns
obtain 10 or even 20 per cent Of the paid-up
capital but confidence alone is oi 40 aVali 50
'0ng people have no cash 10 invest and all we
have heard from Copenhagen in regard to this
matter, SHOWS mat (ue SuDSCl lRttOu III SHUlte
In the Central Factory Company must necessa-
riy be tardy since the capitals, which might
otherwise be available, are SO placed that,
owing to the unfavourable con 'otures now
prevailing in the European money-market, they
cannot be realized without loss. 1t would,
however, be a powerful support for the entire
undertaking if people in ST. Themas and in
ST. Croix would manifest their interest in a
practical manner, aud take shares. Peo-
Dle in Con enhagen cannot understand that
the two Islands should be so imp0-
yerIshed as 20 be unable to assist the ps-
Enlistment Of Central Factories" they argue
that We, who are living on the spot, ought TO
he the hest Judges as to whether the factory be
a paving entcrprse or not, ana, hence Il We
keep alooffrom II, we cannot wonder that pe0-
pie III Copenhagen DO so too. We ought not
to say that there will be no canes for the
factories to grind. There is no reason for
suDpoeine that rain has departed from st.
Croix for ever there will always be canes.
and when once tie factories are there, people
will always be sure Of a market for their canes,
and will he dispensed from keeping 3 sugar
mill, which, with attendant low prices aud
heavy expenses, in the long ran, will cause
their ruin.
We understand that Nr. hosenstand, Judge
oftbe Upper Court in ST. Cr0ix, Is Chairman
Of a local committee established in order to
promote the undertaking in st, Croix this
Committee has, so far as we know, already re.
oslved applications for shares to an amount Of
between $50, 900 and $4,000, and we hops
that the merchants Of St. Thomas will act
towards St. Croix in the same benevolent spirit
that has aotuated the Diet. We feel %cOnyinc.
ed that if their goodwill can be awakened 10
the interest of the undertaking, they can, with
every prospect of a fair return, invest at least
a similar amount in the proposed Central
Factory.
We have been informed that the shares are
10 he issued for 1000 crowns $3.50 each, TO
De paid inl0 equal instruments.
With regard to St. Croix, there CAM alas, be
no doubt. What people want here is not conf
denoe in the investment, but the money to invest.
Ed. AVIS