The Kosciusko star. (Kosciusko, Miss.) 18??-1898, 1895-04-12

An acre, then, can be depended
upon 10 furnish supply for prac-
tically three days operation Of
factory whose plant has a capacity
of 1000 2-lb cans daily. Twenty
cents per bushels of 60 pounds be-
ing the average price paid for TO-
matoes by the southern Gamers,
the purchase of the crop from an
acre necessitates the expenditure
of about $50. With these figures
before him the Gamer, knowing the
quantity he desires to pack Of any
vegetable, can easily ascertain the
number of acres or bushels he
should contract for and what his
expenditure for supplies of each
vegetable of fruit purchased in this
way will be. Ample capital should
be on hand to carry the enterprise
through the first year, at least,
without recourse to the money
lenders.
A stock company is generally
able to raise a larger amount than
the individual or firm. 1t also
has the advantage. through its
membership, Of awakening great
er public interest IN It's success.
Stock should be made Of par val
ue that will be within the reach Of
all. A good price per share is s25.
Two hundred shares at this figure
would give s5,000--a sum with
which fair size factory could be
started with excellent prospects of
success. Where a subscription
contract of a proposed corporation
fixes the capital stock at certain
sum divided into shares, the whole
amount of capital SO fixed must be
secured by a bona fide subscrip-
ton before an action will lie upon
the personal contract of the sub
scriberS to t h e stock
to recover an assessment on the
several shares, unless there is a
provision in the subscription con-
tract to proceed in the execution
of the main design before the
whole amount of capital is sub
scribed.~. Eudfavor to make the
capital as large as possible to pro-
vide a margin for all contingencies,
and do not be carried away by too
strong desire to start out with
large pack the first season.
in organizing company it is
advisable, if in any way possible,
to enlistrthe cooperation of few
farmers. BY putting the shares
down to small values this can be
done. AS soon as a farmer has
money invested in such an enter
terprise, no matter how small the
amount may seem to others. his
interest in its success is aroused,
and it will be easy matter to get
his valuable assistance in the rails.
ing of those vegetables and fruits
that the factory will need. The
farmer, as the producer of the ne.
cessary raw supplies, IS a factor
whose Importance to the industry
cannot be overlooked. Neither
should he should be disregarded
as to whose financial assistance
should be invoked. Several com.
panies have likewise included in
their membership, for business
reasons. one or more grocers who
handled largely of their output
and induced others in that bust
ness to act as middle men between
ihe company and 1.-THE consumers.
1t is not best to agree 10 allow one
house, unless it be ii large whole
slle concern with a trade sufficient
to exhaust it, to control the entire
output OF factory.
AS managers are expensive, care
should be taken in the selection of
officers and directors to secure cap
able business men who can give
some of their time to the actual
management of the factory. In
the small towns, where canneries
are generally being located in the
South, the business men rs a rule
can do this without inf1icting per-
sonal loss upon themselves. Hav.
ing financial interest in the en-.
terprise they are more apt to see
it is conducted economically and
carefully than a manager merely
engaged for a few month, would
be. A small factory working on a
small capital, cannot afford a man.
ager unless he is likewise process.
sor and willing to assist in any 9th.