The daily sentinel., 1900-12-05

BEET SUGAR REFINERY SOLD
Buyers Will Increase the Price OF
Beets and Give Land and
Water to CoIonists.
Yesterdays Denver Republican gave
the following account OF the sale of the
Colorado Sugar Manufacturing company
plant in this city:
The plant Of the Colorado Sugar
Manufacturing Company at Grand
Junction has changed hands and the
new management promises to revols ton
izs the business Its drst movement
will be to pay such good prices for bests
ss to secure all the bsets needed for its
plant. Cbas N. Cox, manager OF the
concern as it has been running for tho
past year, steps out and j. r. McFar-
land of Grand Junction, cashier Of tho
Colorado State bank of that town be-
cones secretary and manager Of the new
concern. The leading spirits in the
company up co the sale yesterday were
John F. Champion, Charles Boettahsr
and william Byrd Page, who spent
about $500, 900 on the plant and property.
They sold to Gsorg. p. Nasls, president
of the Union Mercantile Company Of
Cheyenne: DR.. Il. M. Barnett Of tChsy-
enne, J. r. McKinnis OF Colorado
Springs. Fred w Gsddss of Cheyenne,
and J. F. Mcfarland Of Grand Junction.
The new company has elected officers
as follows, the Board of Directors being
composed OF the ave purchasers men
toned, who hold all tho stock: president
q. n. Nagle; vice president, DR.. b.
n. Barnett; trsasersr, ]. R. AcKinnie;
secretary and manager, J. F. Mcfarland.
The price paid for the property 10 not
given out, but it is understood that the
motive which actuatsd he sale was that
Mr.. Champion and those associated
with him did not care to keep the Grand
Junction enterpriss after it had been
decided 10 double the capacity OF the
plant at Loveland. The Cox manage
mont last year lost money, and attribut-
cd the fact largely to the late planting Of
bssts, and the fact that beet sugar at
that time was an experiment for the
Colorado farmers. This year the acre
age was not nearly 10 large ~ it was .
year ago. but the bssts raised contained
more saccharins matter and thus more
sugar was manufactursd. The expense
was greater than the reosipts again this
yssr and the men composing the Colo
RADIO Sugar Manufacturing company
became discouraged over the result.
The sale yesterday was an option So
cured q month ago by Mr.. Mcfarland.
The Grand Junction plant il said to be
. particularly fne one throughout, ere
proof and nodern. The company owned
1900 acres of land and the now manage
ment will add to the assets of tho con-
oern l, 500 acres which tho new stock.
holders own. Land and water are oRer-
Cd free by the now company to colo
nists. Leases for long terms aad options
to buy on easy payments will be given.
BY raising the prize paid for bests the
company hopes to mako . great beet
center Of the Grand Junction district.
It will offer 20 yer cent above the pres.
ent prices, - follows: For beets contain
ing Is per cent sugar, IS. Is a ton; 80
l.8 cents per ton for each additional
per cent.
Already $500 acres of bsets have been
pledged for 1901. This year the beets
averaged 1855 per cent sugar and 50 Per
cent purity Throughout the valley. To
guard against overproductien on the
part Of residents the comprny agrees to
buy all tho bsets grown in the valley.
The present capacity Of the plant il
$50 tons per day. Another plan Of action
decided upon by tho company 10 whom
beets are needed frsn distant points to
get then and pay just ~ much to sell-
Or at . distance a. to the grower re-
Siding in the district.
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