Los Angeles herald., 1891-11-21
THE WAY THEY DO IT ELSEWHERE.

The great profits that Will be derived
from the manufacture OF beet sugar are
being pretty generally recognized all
over the United States, and our own
Cahuenga and Centinela farmers are by
no means the only people of their class
who see the wisdom of cooperation in
sharing in the benefits of this compara-
lively new industry. The enterprising
city Of Omaha is soon to be the center
of Beet sugar making plants that will
ramify throughout Nebraska. The pro-
ject, as outlined in the Omaha papers,
embraces the formation of company
with capital stock of $1,0O0,000. Ot
this amount $750,000 has already been
subscribed. The plan of the company
is to make Omaha the headquarters OF
the concern, with beet sugar factory
located at some point in the county.
Branch factories are to be located at diff
fereut points in the state.
The central company will furnish all
the capital necessary to construct these
branch factories and the farmers in the
vicinity OF each factory will be asked to
subscribe for the stock of their home
factory and pay for the same in beets
the central company to furnish all the
money necessary to conduct the manu-
facture of sugar. 1t is estimated that
these branch factories will cost in the
neighborhood of $15O,OOO each and all
the stock not taken by farmers will be
taken by the parent company.
1t is the purpose of the company to
not put an immense amount OF money
into one plant, which will be larger than
5. the surrounding country will supply,
thereby making it necessary to ship
beets by rail, but factories COM
mensurate with the probable amount
of beets to be raised will be
erected at various points, and the
expense of conducting the factory there
by greatly reduced. The promoters of
the plan have had sugar expert trav-
cling in Europe for nearly year inves
tigating the various processes of manu-
facture and compiling data for the fu
ture guidance OF the company.
The matter of organizing the company
is in the hands of s. M. Southworth, a
we'll known Massachusetts business man
OF great wealth. His purpose is to make
the company an Omaha institution, and
for that purpose he will either 60 to
Omaha in person or send an authorized
representative who will visit the busi-
ness men of that city and present the
plan of the company for their considera-
ton. OF the $l,0O0,000 capital stock
$3.50, 1000 has already been subscribed by
New York capitalists, but the balance
has been reserved for the business men
OF that section.
The special advantages possessed by
Los Angeles for the manufacture OF
sugar have often been dwelt upon by the
HERALD. That they are incomparably
superior to those of Nebraska or of any
other western state cannot be disproved.
The fact that eastern capital sees very
satisfactory investment in Nebraska,
with it's short season OF production,
ought to awaken our local capitalists to
the great returns which would attend
the Inauguration of SIMILAR enterprise
with its headquarters in Los Angeles.
The cooperative principle, energized
and directed by an intelligent capital
which would only seek its fair share of
the profits, would accomplish the most
happy results in this field.