The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1896-12-25
rIuch Interest Aroused at the Meet
ing nonday, When the Details
were Explained by Manager NeaI--
The Mankato Hog market Will be
Restored, and Retailers Will Profit
Thereby.-What Was Said at the
neeting.


night Was got largely attended, but
tue interest manifested by those pres
ent ensures the opening of the pack
ing house. President Alleman pre-
sided and called on j. nj. Neal, of
Davenport, for statement.
Mr. Meals statements were similar
to those which have already appeared
in these culumns. He said that four
weeks ago ne had SEM Mr.. Strive up
into Tins cUuuUry TO size it up as re-
CARDS The number of hogs raised, ship
ping facilities, ETC., and Mr.. StruVe
had spent three weeks in Mankato,
and had shipped number OF carloads
of hogs from here and st. Paul to
Davenport. Mr. Strive had brought
back most favora BILE reports. He is
capitalist and had faith enough in the
success of d packing house in Man
katO to Invest 81, 600, his first invest
ment outside of Davenport Mr..
Neal SAID that his visit TO the city
had confirmed everything that Mr..
Strive had reported, aud that he had
decided to sacrifice some property in
order TO get $500 to invest which
showed his faith ia the project. He
would give three days in each week
to the management Of the factory,
and the net profits would be devoted
to pa,iug the stock holders ten per
cent dividends, and whatever balance
would remain would be equally di-
vided, he taking half for his salary
and The other half being placed in the
surplus fund. He would have moth
ing to do with the financial manage
ment, leaving that to the directors,
but would have the direction of the
busint SIS. St. Paul prices would be
paid tor hogs, less the freight, and the
farmers would be assured sof a good
market and correct weights, guaran-
teed by $500 forfeit in case short
weights can be proved. The price
would be fixed every morning, based
on quality of the hGgs and distance
drawn The Davenport factory, four
years old, with thirteen competitors,
makes twenty per cent dividend.
Jno +. Meagher was next called
upon, and told of the visit OF himself
and Mr. Patterson to the Davenport
factory. They found'a correct system
of book keeping, and an excellent
system of keeping track of the pro-
duct, SO that the profit on each indi-
,vidual lot was known. The cured
meats were splendid. The trouble
with the Cassidy company was that
there was no system, as was, Shown by
an expert examination of the books.
We, in the bank, have not as much
interest in the re0penIng of the house
as The retail dealers have. 1t is i'm
possible for US to take all the stock.
This packing house stock is as good as
any in the country. / will put my
money into it, but will not go on the
board of directors i think the stock
holders will be absolutely sure of ten
per cent dividends. They will have
no building or machinery or horses on
their hands, and can take out their
money any time if the business docs
not pay. The money will only be
used to buy hogs with. The stock
holders will be trying to buy more
stock in year, for there is nOthiIgsO
profitable as the packing business
when well managed. If it pays to
ship hogs from Luverne and
other towns to ST. Paul, thence
to Cedar Rapids packing
house, and then back to Mankato as
cured meat, it ought to pay to ship
them To MankatO in the first place, to
be cured here, saving two treights
Cedar Rapids and Gttumwa have
large and paying packing houses
starting from small beginnings. Ii
the packing house is started, hogs
will be brought to Mankato from
within three miles of GAINESVILLE, in
stead OF going to GAINESVILLE from
within three miles of Mankato. The
buyers Tor shipping cannot pay pack
ing house prices, and there wouldn't
be hiLching posts and barns enough
in Mankato to handle the teams that
would come here. The. hog raiser is
a good, big farmer, who has money to
spend. People have frequently said
thai they would rather see the pack
ing house started than another rail-
road.
II =. Hance said that when Mr.
CASSIDY was hnying, farmers came in
from miles ar0uDdand tie ped business.
He would be glad to see the house
started again and would lend a help
ing hand. 1t ought not to be diff
cult 10 get the necessary stock taken.
A packing house at Chatfeld proved
agredt success.
Mr.. Neal said that the first floor of
packing house is model ia arrange
mtnt, and the same architect had
Planned the MankatO and Davenport
lhiinlngs. Considerabie room is
Wa>t Il in the upper part. The VEN
/, 100 is perfe CT, and the foundation
:, = ~. The builder was too elaborate !
i'll MS expenditure and didn't spare
collars. : he right temperature and |
good nlechan cs are the most impor-
laut -. ments Five fOremen will |
he r usrl rem Davenport, includ-
ifg ,uIenn .ndent, cuIer, sausage
D,af atu rcrd'"L man. From IS TO so
E.ta vi b" ,mrioyed on the average. |
IL ,',r vii ,,- h'red by the hour.
J : - sc m a.. IL, mistake of hir-
~ NO. q, l.. mont b, paying
lt'u1 t}tIint ltcrr Was work or not.
NJ. "A a., kiii.d t,.f for three
" = ~. 81 "hlpi'itg carcass, as
v = f,ih - i ON ! L r. is more pro-
III q ;ttne ''p> Jrre than any
iiifsf 'Ie ii"y are cured right,
; ~ cGsl ~ i.rr here is no
ist - l.I"' 4 6n'r consider it
- pa, - ,tiir zach wouldn't be
li' re-. i't nave nentv to do at home.