Sturgis advertiser. (Sturgis, Dakota [S.D.]) 1887-1???, 1891-02-12
NO CAPITAL WANTED.

NO CAPITAL WANTED.
The first session of the legislature in
the state of South Dakota, in it's wis
dom, passed law authorizing the state
to pay bounty of / cent per pound for
every pound of beet sugar manufactured
in the state from home grown beets.
This move was to induce capital to come
in, build manufactures and assist and
encourage the sugar-beet industry.
Strange as it may seem a bill has been
introduced to repeal this act. The
father of this bill argues that in offer
ing bounty they would build up mon
opolistic corporations in the state; that
it might prove a serious detriment to the
taxpayers, etc.
Following this move bill was intro
duced in the senate by a republican to
amend the law of 1890 to increase the
bounty to 2 cents, which at once.brought
the combined opposition OF the fusion
lists to the measure, and speaking of this
important industry the Pierre Capital of
Thursday last says editorially:
Yesterday the farmer element of the
legislature went on record as opposed to
increasing the bounty on beet sugar to
two cents per pound, the same as Ne
braska pays.
"Two reasons were assigned; one, that
it had not been satisfactorily demon
strated that sugar beets would grow in
this state without irrigation, the other,
that corporations would buy up the
land, sink artesian wells and raise all the
sugar beets.
''The soil and climate of South Dakota
and Nebraska are substantially the same.
Both have about the same longitude,
both are visited by the same hot winds.
Experts who have investigated for this
purpose say that sugar beets will grow
equally as well in this state as in Ne
| braska.
''The famous Oxford beet sugar man.
ufactory is located at Grand Island, Ne
braska, which is about the same merid-
ian as Pierre. That factory has been
running the past season. Farmers raise
from fifteen to twenty tons of beets to
the, acre, and land thus nets from $15 to
$50 per acre.
The bill offered in the senate provided
a bounty in this state equal to the
bounty in Nebraska. Everything else
being equal except bounty, it stands to
reason that capital will go where the
largest bounty is offered. Nebraska
will get all the large factories.
''Sugar beets will not be raised in this
state until factories are established and
the demand for sugar beets created.
Capital will not be forthcoming to build
factories SO long as more favorable in
.ducements are held out by other states
Whether capital will be invited to our
state on the same footing as Nebraska
has offered depends on the action of the
legislature-the farmer part. The re,
publicans favor the bill.
''The farmer members have put them.
selves on record as opposing the best in
terests of the class they represent. We
believe they were sincere in their action
but sincerity will not change the princi
pie of political economy.
''No industry will develop in state
where legislation is unfriendly to capital
sour Legislature is now on record az
opposed to encouraging capital to come
to our state. 1t will not come. Manu-
factories will not be built. The beet in
dustry will develop slowly, if ats all
The farmers who might be cultiyatine
beets to good profit, will find it con
venient to emigrate to states whore man
ufacturing industries are induced to 10
cate--where the producer and manufac
turer are near at hand. A little more
legislation in the line it is now going
and our most thrifty and enterprisinf
citizens will go elsewhere. Fanatica
!. legislation will dc, lit"
4