The Holly chieftain., 1901-05-17
Property Is Situated In the
Arkansas Valley.
The 0xnard conshnstisa Csapaay
Practically CsaArsls tAs Nsw
Arkaasas Valley Corporation,
which, However, win OPP :.
srats on Indspsndsnt
Linsa

From the New York Commercial.
The Arkansas Valley Sugar Beet,
Irrigation Land company, which has
purchased somsthing like t25,OOo
aces OF land situated In the Arkansas
valley in southern Colorado. has or
Ranized by electing the following Off
GERS: President, w. S. Pardonner:
vice president, w. T. Lawson; secre-
tarv and treasurer. Guy Richards
The capital stock OF the COMPANY.
which was recently incorporated, is
q, ,250,00O. all OF which has been
underwrltten. consequently none will
be offered to the public for subscrip-
tion.
PURcHAsE OF COLORADO TnaRITORY.
w. 5. Pardonner 10 vise president
and general manager OF the Oxnartl
Construction company. OF No. e Mas
sua street. This company practically
controls the new corporation, the pur-
chase Of the Colorado territory having
been arranged through 1t.
Although the Arkansas VALLEY COM
pany and the American Beet Sugar
COMPANY are closely related the former
will 0peFste on independent lines.
The Atnes3pan lInY 81 - 90
tacte ~ pifchase m pssdnct a ~
G0ioraa0 Concern until the factories
which II proposes u construct IRE
ready for operation.
TAKEN OVER PROPERTY.
w. s. Psrdonner, who has Just re-
turned from Colorado. said today that
the company had taken over the prop
erty Of the Amitv Land company and
the Great Plains water company,
which consists OF about l25. 200 acres
Of land, including large reservoir
system, which is claimed to be one of
the most complete Of its kind in the
country.
The land IL especially adapted for
the cultivation Of sugar beets. casta-
loupes, alfalfa, fruits, etc. The c,m-
pany contemplates expending hun
dreds Of Thousands Of dollars In the
development Of the property. erection
Of houses. ETC., to provide for settlers
who arc already nocking 70 that local.
itY. The success Of this particular
territory In sugar beet production has
already been demonstrated. The dis-
trict has supplied the American Sugar
Beet company with considerable ton
mage within the past few years,
YIELD OF 80 TONS PER ACRE.
Many farmers last year raised 10
tons per acre, containing from l6 I'd
q per csnt sugar. The new company
expects 70 commence the erection OF
the tirst factory next fall near Holly,
tn.be ready for the crop Of 1902. The
purchase includes a telephone 100
miles 10 length
The Arkansas Valley company Ii
backed BY strong financial interests
and proposes 70 push the beet sugar
industry II this country for ali there
is init. Fans have besn prepared for
tho erection Of three factories, which
will give employment to upward Of
1000 I'es,ple.
10 AcQUIBE ADDITtoMAL TERRITORY.
The company expects 70 acquire ad-
diliola1 territory w the work Of de-
velOpinent progresses. Those identi-
6ed with the enterprise are CONFIDENT
that the company will evsntuslly be.
cnn,e one Of the largest concerns Of its
kind 10 the world, and that IL pro.
dsictivn will gv long way toward
supplying the ever Increasing dsma nd
for sugar. Agents 0f the company are
plrrady 1t work ON the c0l,miz,ttion 0f
tile land With farinen who are ~
onxfhlsd with the cultivathO d sueas
bssts. Ths Oxnasd Csnetspctapn