The herald., 1896-07-31
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WALL STREET SPECULATION
Spreckels' Big Plans for Sugar Factc.
he Visits Germany to Inspect New Machinery
and Talks to a French Newspaper Re.
porter-Locai Market Changes

In recent issue of a French newspaper
appeared an interview with Claus Spreck-
els, the millionaire sugar king, in which he
gave the details of his latest scheme to
transform California into an immense beet
seugar raising state, with view to supply
ing the needs of the whole country. In the
course of the interview Mr. Spreckels made
these statements:
Il came to Europe for the express pur-
pose of setting my beet sugar scheme 60
ing During two months over here have
been hard at it all the time, and have been
IN every was successful
Before L left home 1 circulated pam
phlet throughout California, sending a
copy to every farmer and land owner in the
state L showed them as clear as daylight
that they must start growing beets in Cal
ifornia If they meant to keep their heads
above water They are growing wheat at
a loss, and L will put them in the way of
growing beets at a profit
with every pamphlet | sent a quantity
of beet seed. The more they grow the
richer they will be. 1 can take all they
can raise and my scheme will be the saliva
tion OF the country, but there is much to
do to insure this end.
The appliances we have In America at
present Will not do at all. There is no
money in using them on large scale.
h W. Germany da, W Is away ahead of us, and
Whatever there is to learn. l have Sc
cured q number of patents which indspen-
sable for making the production of beet
sugar success. With them l am certain
OF founding an immensely prosperous in
dustry.
Il have inspected every factory in Ger
many OF any importance. They do not
ike strangers. but l went wherever
wished and saw whatever wanted, and
got all | required.
Il will start work on three or four fac
tories Immediately after l get home. Par.
Of the machinery is already building in
Germany. The remainder will be begun at
consuming 5000 tons of beets daily, which
means daily output Of 450 tons of sugar"
In order to secure further light on this
World Interviewed Mr. William j. Nc
Cahan, the Philadelphia sugar refiner, who
Is recognized as an authority upon all
branches of the sugar industry.
Mr.. McCahan expressed an opinion that
100000 acres of land planted in beets
would be able to supply the needs of the
cerned, although he thought the question
or freights to eastern markets would pre-
vent California from ever furnishing raw
sugar for the entire United States. mil.
lion acres of land would be about half what
California could devote to beet raising If
she chose. About 900 tons of beets
can be produced from million acres. The
annual beet production of California at
present is only 80, 900 tons of beets. to raise
which probably $4,000 acres are employed.
Mr.. McCahan was of the opinion that at
least fifteen, years must elapsse before this
acreage could be secured with it's full out
put. The question of freights would be the
plying the entire country. The freight by
rail from California east is cent per pound,
while that by water from Java and other
is true that when sugar is shipped east
from California by water the rate, would
time required for this route is against it,
Philadelphia Grovery World.