Daily capital journal. (Salem, Or.) 1896-1899, 1899-02-02

] GlIlulSlOll 10 IuiN -'N'
wegian Cod-liver oil with
hypophosphites.
&C. and Sr.oo, al druggists
SCOTT 4 BOWNE, Chemists, NeN York
yIdends are so great as this, but ]
consider that the profits OF a factory
cannot be less than five dollars upon
ton Of beets: A 5j0-ton factory
would cut about $1,000 tons Of beets
IN seasons run, which would yield a
profit OF s37j,0O0 against an in
vested capital OF probably slj0.O0O.
Beet-sugar producers may say that
this Is an Overestimate; but | think
the consensus Of opinion among "those
Ou the outside" will be that II Is not
far from correct. IL Is a well-known
fact that the Watsonyllle factory,
owned by corporation Of which Mr..
Claus Spreckels WIS at the head, paid
In five years sll7 dividends on each
500 share Of stock and nc the end OF
that time Mr.. Spreckels bought lu all
the stock for $500 per share. And a
gentleman Of my acquaintance hold
Ing stock In beet-sugar factory told
me that last year he had received
dividend Of thirty-iive per cent upon
his stock. IL may be anticipated, too,
that the dividends OF the Watson
vile factory, for the years 10 come,
viii be much greater than during
those five experimental years Of It's
existence, IL has been demonstrated, |
too, that reduction of cost OF manu-
facture lies in the direction OF the
large plant. The expense Of opera
tiyes aud the price Of the buildings do
not Increase Ia proportion TO the cap
acIty OF the machinery.
The cost Of constructing a factory
and equipplng II with machinery is
somewhat higher In the United
states than In Europe, Untll the past
two years all factory machinery was
Imported from France aud Germany,
Now, however. machinery IS being
ulde In this country equal II not
superior to the best imported equip.
nent.
The profits Of the manufacture Of
beet sugar might be appropriately In
.llcated ny the algebralc symbol ok.
Upon few subjects is there less
printed, and little even is spoken, ex-
'cpt, ,perhaps,amOng those who are"
HE Inside" Pamphlets aud agricu.
.uIal papers give W. with tedious mi
nutip the details Of what 10 Is pOssl-
bic Tor the farmer 10 earn In growing
Dcets, but are densely silent upon
what the manufacturer earns by re- :
iucing them to sugar, Information
isked upon this head AZ the sugar
actoIy Onlces Is either denied or the
.cplies are evasiYe or unreliable. The
.eason Of this Is two-fOld. First, the
wishes To keep his
)foitS a secret because he does not de. :
ire To share his dividends with the
armer IN an increased price paid for
he bccts; and SECONDLY, he
s constantly making poor mouth
o congress In his solicitations for a
'roteetiYe tarin upon foreign sugar.
nd Ia his struggle against the an
eXalion Of Hawaii This latter he
aS urged by reason OF the fact that
ne Hawaiian sugar cOmpeteS with ~
Is product; but In a market where
ne nome consumption is annually >
O93,sl9 tons, and the total home pro.
dct OF both cane and beets Is but 5,
$3.50 tons, aud whore l,730, ,3l3 tons
ust oe imported every year from
lmewhcre, IL would not seem that
he 22o,OOO tons contributed by Haw-
would seriously imperil the home 10
oducets' market; and with the prof. th
5 ne Is now securing from the beet. An
sar mauulacture Il would appear m
at II the effect OF the free Intro AS
lction of Hawaiian sugar is 70 main de
To the price Of the rehnsd product :
the benefit ~ the trust.
The article in the American
.rmer MagIllne concludes with
csc words There may be factories 81
the uoited States which viii as !
. Win truth that some form of =,
'efnmental atd is necessary Tor
''r continuance, bit II such is the
'' u Is because they are nor COZ. -
uc'ed amidst the natural environ. ~,
nI most highly conducive 10 their IA
cess a