The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1896-12-01
MATTERS OF BUSINESS
A Glasgow Capitalist Who Wants
To Invest.
HAS s2.OOo,o0O TO PUT INTO THE
SUGAR INDUSTRY.
Attention Called to the Benefit of
State Bureau OF Information
Yesterdays Clearings and Real
Estate Transfers.

Secretary of State Hammond yester-
day received a letter from a capitalist
in Glasgow, Scotland, who is desirou5
of investing something like S2.OoOoOO
in the sugar industry somewhere in
this country. The letter is interesting
on account of the numerous questions
asked. showing what information an
investor desires and incidentally Gaining
attention to the benefits of state ou-
reau of information, which could Iur-
nish all such information and posi-
bly, succeed in bringing millions OF dol
lars within our borders. The letter is
as follows:
Secretary of State, Salt Lake, L. S. Al:
Sir-Being connected with the sugar
trade here, am interested in and have
been for some time past carefully
watching the development of the beet
sugar industry in your country, with a
view to the possibility of erecting a
factory in one of your states. l am
therefore DESTROYS of obtaining all the
information l possibly can on the sub
ject, and at the suggestion of your
consul here l take the liberty of ad-
dressing you.
1 understand your state is very de-
sirous of encouraging such an enter
prise and I would feel very much
any information you think would en-
able one like myself to form a correct
opinion of the matter. The following
are some of the questions / should like
answered: In the event of say &500,O00
being invested in such an enterprise,
would your state grant a building sub
Sidy?? If so, to what amount? l I'M
derstand your state grants a bounty, If
so what amount per ton of roots and
4
ana others be willing TO take shares in
such an enterprise, and to what proba-
BILE extent? Where are the best roots
produced? How many acres are avail
able in that locality? What is it's height
above the sea? Is it on a plain, in a
valley or on a hillside2 What is the
value per acre of that land? Could
10000 or $4,000 acres be easily obtained
Is it convenient to rail or transit by
water? In California they plant once
a month, from February to July, and
by this means keep the faetory work
ing seven months out of the year .
Could this be done in your state? Is
such land well watered or is it liable
to drought? How many farmers have
grown beets in such district? Have
they sufficient agricultural intelligence
to cultivate the Dlant2 Are they will
ing TO give the necessary care and at
These two last questions are very i'm
portant; several promising enterprises
have utterly failed through the farm
ers' lack of intelligence or unwilling
ness to give the labor and attention %
the plant which is absolutely necessary
to its production. What is the mini
mum. maximum and average weight
of the root per acre; per cent of sugar
richness and percentage of purity
What is the cost of production per acre
What is the price of coal? II is of
good quality for raising steam? Could
workers be easily obtained in
sufficient number and with suffi-
cient intelligence? About what
would be the weekly wage? How
many factories are in actual work in
your state? When did they start? What
has heen their experience What divi-
dends have they paid? What are their
names and where are they situated?
Yours respectfully,
WILLIAM JAMES STEWART.
OF course Mr.. Hammond viii reply
to all the queries that he possibly can
with such information as he has al
hand. The secretary receives letters OF
a similar character every mail, show
ing that Utah's possibilities are well
advertised abroad.