Brenham weekly banner. [volume] (Brenham, Tex.) 1877-1907, 1891-04-02
THE OIL MILL.
The Board of Trade Hating Between
Two Opinions.

ham was the all engrossing topic,
but as has been previously stated.
no definite conclusion was reached
owing we believe to the fact that q
new proposition was laid before the
Board of Trade from the one thew
had beed considering.
An effort has been on foot for
some two or three weeks to organize
stock company by raising 100000
to purchase and operate the Heiden-
heimer oil mill, it having been offer
ed fer $4,000, the present owners
proposing to take $4,000 stock
with the Brennan company. Fur.
ther he offered to take the output
of the mill for the first twelve
months and on the bases of the
100000 investment, guarantee to
stock holders 20 per cent On their
money. This looks like as fair a
proposition as could reasonably be
expected, and on those terms an eff
fort was made to get the 100000
subscribed to the capital stock,
some $4,000 of which was raised
prior to the meeting Tuesday even
ing. The remaining $4,000 would
no doubt have been forthcoming,
but at this meeting representative
of the Planters Oil Mill, of Houston,
appears upon the scene, and very
successfully put on the brakes that
has at least temporarily stopped the
wheels of progress that were turn
ing toward the accomplishment of
raising the 100000 for the purchase
of the Heidepheimer oil mill
The proposition of the Merchants
and Planters is to put in an Oil mill
at Brennan and own a controlling
interest on the stock, say anywhere
from 81 to IS per cent of the stock.
The argument of their representative
before the Board of Trade was that
their process of manufacturing the
oil secured some some four gallons
to the ton of seed more than the
presses used in the Heidenheimer
mill, and figuring on paper, the
output of year could show by
reason of this superiority gain of
20 per cent on the investment in a
mill of the same capacity. But this
argument was rebutted with the
statement that there would be no
such difference with the slight
changes that would be made in the
plant already established here. How
ever this very point seemed to have
been the entering wedge that di-
vided opinion as to what would be
best for Brennan, to turn from their
purpose of purchasing and operating
the Heidenheimer oil mil, or to &C
cept the proposition of the Mer-
chants and Planters? Discussion
followed and while the majority
seemed to favor following the first
proposition, there was enough dis
senters to stay for the time any eff
fort either way.
The necessity for the oil mill, its
past advantages TO the farmers of
this section by reason of the in.
creased price of seed was brought
out and estimated at some $500, 900,
besides the advantage it was to
Brennan by reason of the increased
trade. That we needed an oil mill
and had the most favorable location
for one was universally conceded,
but this new proposition coming in
at this time, puts the projectors of
the enterprise in quandary, and d.
vides the forces that we're all tug
cling at one tow line with will that
meant success must crown their eff.
forts.
The representative of the Mer-
chants and Planters explained that
they were willing to organize a
100000 stock company and take
anywhere from a majority to three
fourths of the stock, and put in a
plant here, not a hundred thousand
plant, but one of sufficient capacity
to work up the seed of this territory
He did not say who would be the
custodian of the surplus or what it