The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-04
A BEET SUGAR FACTORY
NEW INDUSTRY TO BE DEVELOPED
IN THIS CITY.
Board of Trade and Commercial Club
VIII Organize stock
Company.

The Board of Trade governors held we'll
attended meeting last night in their rooms
in the Board of Trade building. Among
those present were E. B. Martindale, George
Sloan, j. r. Ryan, d. p. Erwin. Aquilla
Jones' David A Wildman, Ross Hawkins,
Albert Baker, Sterling Holt, John w Muir
ply, j. Z. McGettigan and Jacob W.
Smith.
The most important action Of the meet
ing was the adoption of a resolution look
ing to the establishment of sugar-beet
factory in this city, E. r. Martindale in
troduced the resolution and made short
speech on the project, which brought out
much favorble comment. The resolution
was as follows:
Whereas, The manufacture of sugar from
beets has been very thoroughly tested in
the United States and six large factories
are now in successful operation Hundreds
of experiments in the growth and analysis
of sugar heets in the State of Indiana have
fully demonstrated that our soil and climate
are we'll adapted to the successful growth
of the beet and profitable manufacture OF
beet sugar. The large investment required
for the construction of a plant of the char
acter necessary to make the industry pront-
able being about $500 900, it is evident that
few factories can be constructed in this
State; that to make the first plants sue
cessful and profitable they should be con-
structed in our larger cities, which have SUI
perior railroad facilities, so that peets
grown in the surrounding counties may
reach the factories at small expense OF
transportation. The time has come in the
opinion of the Board of Trade, when a COM
pany should be organized and the capital
secured for the construction of a hrst-class
beet-sugar factory at the city of Indlanapo-
lis and to this end we instruct special
committee Of thirteen members to join with
a like committee of the Commercial Club
and the State Board of Commerce and pro-
coed at once in the work of organization
and the soliciting of subscriptions to the
capital stock of a company to construct
first-class- sugar-beet factory at or near the
city of Indianapolis
The committee of thirteen will not be APP
pointed until to-day, but it is thought that
out of the idea. Mr.. Martindale called at
tention to the lecture to be given this even
ing by Professor Stone on the beet industry
at the Statehouse, and it is likely that there
will be a great many who will go to hear it.
The governors, aside from the discussion
Of the beet-sugar project, adopted a resOlu-
ton favoring the establishment of a per-
manent tariff commission that would re-
lieve Congress of much of the work con-
nected with the making of tariff schedules,
and in a large measure obviate the con-
stantly recurring disturbances to business
Occasioned by tariff agitation in Congress.
The resolution was not drawn UP in a for
NAL manner, but will be put into shape and
sent to Washington. A reciprocity clause
will be inserted
The governors also passed a resolution
asking the State Board of Agriculture not
to hold the state fair the same week the
Knights of Pythias conclave is in the city,
as it has been proposed to do.
A committee was appointed on transpor-
festival consisting of John r. Pearson, Z.
3. Martindale and George Gay.