The record-union., 1894-01-05

I y
the interests or advancements of others.
1t is advisable that all frut-growers
shall be stock holders in the company. 1t
Is question of how much, or 10 what eX-
tent one must or may be Interested. do
not know but what i'll the view that 1t
| would be quite impossible at this time to
furnish an adequate cash capital from
stockholders for the company TO carry on
It's business without outside assistance,
| that ii would be as well for the amount of
OF stock to be taken by each stockholder
joining the company, to be entirely NOM
lnal without regard TO acreage or pro-
ducts, even if not more than TO the extent
! OF one share of the value of 81, inasmuch
as the company could not expect to place
reliance upon such amounts for practical
pecuniary aid, but having such stock
/ holder fully obligating himself to pur-
chase all boxing materials from the COM
pany, and to commit ali his fruit products
! to the management and sale by the COM
pany.
A very important matter for considera-
ton, and of imperative necessity with the
company, will be the standing OF its
credit, and its ability TO furnish an appro-
j pirate sum of money TO not only pay for
! packing materials, but to make suitable
advances to necessitouS fruit-groWerS,
otherwise such fruit-growers would in
dire necessity be compelled TO go to lruit-
! buying houses, who are ready to make
advances. | believe this important dlf1l-
Guilty can be fully overcome by a proper
organization and judicious management,
and without the ability on the part of the
company TO make necessary advances,
! would consider the company would be at
a great disadvantage.
! 1t may reasonably lie supposed that the
company can have tirst-ciass credit, and
that it can by its profits derived from
! selling q large quantity OF boxes ana
/ packing material, and by packing fruit
/ for growers, realize a considerable prof1t.
IL is estimated that over l,500, ,O0U boxes
were used by Placer County fruit-growers
last year, which were supplied by local
lruit-buying houses at large profit, and
it is apparent that from this source alone
the proposed company would receive
substantial return, ii it should receive
proper support. With a proper support,
this source alone would be sufficient to
detray all running expenses, considering
the magnitude OF purchases, and the con-
seIuent low prices which could be OBJ
tained. and without charging packers
more than they ordinarily pay.
y feature Of the greatest Importance.
and one which is generally admitted.
but not so generally realized in the com
pIele sense it should be in it's valuable
bearing upon the fruit interests of Placer
County, and upon the future reputation
Of the company and the distinctive
profits to be gained, is that OF the care
| which should be exercised in the grad
ing and packing Of fruit. References to
the manner OF packing fruit, / have
heard so many times reiterated again and
again by the fruit sellers III Eastern mar
kets who have continually laid such
stress upon this point. that l am sure this
feature cannot be too seriously cOnSid
cred by the company. BY a systematic
inspection and classification OF all fruits
shipped by the company, l am sure
large resulting profit would be gained,
and confidence secured for Placer
County, which would rank it still higher
III the estimation of Eastern buyers and
consumers. 1t would be desirable to
! have the brand OF the company SO re-
liable, that purchases Of its fruits could
be effected at its shipping stations by
Eastern buyers without examination. 4
! supervision in this respect should be
most vigorously enforced.
have reasons, well founded l believe,
that the whole selling commissions to be
i paid for disposing of the large products
which the company may be enabled to
! handle, can be comprised within or not
exceeding 5 per cent. At this rate, and
/ by charging from TO per cent, as now
charged by local houses (and even
! higher, considerable source of addi-
| tional income could be secured by the
! company.
Therefore the source of revenue for the
company would, without increasing the
average prices now paid by the fruit
growers, be-
! First-The profits on boxing materials,
which should equal % per cent.
Second-The profits on selling commits
sons of per cent.
/ Third-The interest profits. equal to
/ per cent. per annum upon advances
! made
] 1 L = T.
and clearly understood by all those who
would engage in the company as stock
! holders that they are to experience all the
! profits in case any should arise from The
| management of the business over its ne
cessitated expenses. It is reasonable to
| suppose that, If general support is given
the company, 1t will be likely to create a
surplus. This surplus would be an asset
for the fruit-shippers in proportion to
their amounts Of fruit. 1t might be de-
/ sirable, in case OF surplus of this char
acter, to continue it in the treasury OF the
] company for further convenience in its
/ business, and possibly to be added TO,
! which would still continue to be the
fruit-growerS' property, and not other
wise, to be held or be divided in its proper
! distribution, as the directors OF the COM
pany should deem most appropriate.
1t is likely that in case of a surplus,
/ the fruit-grower would receive such pal
pabe advantages from doing his buSi-
ness through the company, that he would
! be we'll satisfied to see his extra capital
/ administered for his further benefit, and
give that hearty support which would
continue the company's prosperity.
Lower Placer County, from its locality
and fertile soil, with its present irrigating
! facilities and proximity TO shipping sta
! tions, enjoys an enviable distinction
which no other county in the State sur
passes. It's fruits, from their early ripen-
/ ing and firm character, from their superb
! orlty in these respects, lead the markets
/ in price, ana when one considers the yet
inadequate supplying of the Eastern
country with its rapid growth and the
future demands, one should not hesitate
in putting himself tirnlly in support Of
! the organization which is proposed, which
| if well supported and administered, will
! still 1urther advance the merits of the
county and enhance the profits of the
| fruit-grower.
There are many other details which
will require careful attention in the pro-
posed organization, but | will not at this
time further encroach upon your time
and patience.
Ali of which is respectfully submitted
/ by j. PARKER WHITNEY.
Agricultural Directors.
Governor Markham has appointed and
/ commissioned the following Agricultural