The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-01-28
WILL RESUME WORK
Elevator Promoters Have
Plans Made.
TO Sc CURE 100000
Prospects of Success are Very
fIattering'

The committe having IN charge the
proposition to build million-bushei ele-
vator in Wichita are about 10 renew
active work IN soliciting subscriptions 10
the capital stock, which is $4,000. The
ultimate outcome Of the proposition is so
certain that inquiries are being made
among elevator supply houses of the
country relative to prices on material
for additional storage capacity. At first
it was deemed best 10 have a series OF
steel storage tanks built, but it has been
learned that for two cents per bushel
extra thing tanks can be built. These
tanks are made from burnt clay, such
as sewer pipes, but very large in diam
eter. and are much superior to steel in
the respect that grain IS kept cool in
them, which is a distinct advantage in
material is now in operation at Rosedale
and is giving eminent satisfaction. much
better results than from steel tanks.
The purpose of the plans already made
is 10 put $4,000 into storage cal acity
and to use $4,000 in the business. 1t is
estiamted that the profits viii be $4,000
per year or s24.o0 net, after interest in
the money invested is deducted. In other
words, that the money Will yield a div
idend Of 6 per cent per annum and $4,000
besides. which can be paid in dividends
or used in the business at the pleasure
of the directors.
Something more than $4,000 have al
ready been subscribed to the capital stock
and only a few people have been seen.
One man living in this county outside Of
the city has taken $1,000 stock, and indi-
Gates his willingness TO subscribe $1,000
more. This gentleman is largely inter
ested in grain and understands the bus
mess. He told an Eagle reporter yes
ter1ay that he considered an investment
nj an elevator in Wichita one of the
safest and best that can be made.
The proposition carries with It such
force that no one has yet turned it down.
1t appeals strongly to business men, for
it has the double force of presenting not
only direct, but indirect profits.
There is no question but what Wichita
can be built up rapidly by the grain bus
mess if concentrated here, and if one big
elevator is built and operated others
must come. If others come, they will
bring the grain here. as the implement
houses have brought the implement trade
here. The first implement house in Wich-
tia is what brought all the others here
and it was all combined that centered
the implement trade in Wichita And so
it VIII be with the elevators. To the
first big one built viii be due the central
ization the grain belt here.
Mr.. Neveling, who has taken $4,000
stock in the proposed enterprise. is very
enthusiastic. notwithstanding the fact
that he is one Of the most conservative
men in the state. His long experience
in the grain business enables him TO see
the business possibilities OF a concern
sufficiently large TO be a factor in the
grain trade. He is quite confident that
the proposed elevator viii be built with
home capital. that it viii leave the prof
its at home. enable the farmers TO get
much for their wheat, and, above all.
TO have the elevator controlled BY home
people
The question OF a reasonably satisfac-
tory grain rate is logically dependent
upo1 a big elevator. No railroad. much
as people may agitate the matter. viii
give rates on bulk products not in sight
and in large quantities. This is certain.
1t is also certain that they win give rates
on products that are in sight
and in large lots. AS a matter of fact.
rates are IN 20 way bothering the pro-
moters of the million bushel elevator
They are solved the moment the elevator
is put up
One or the advantages OF the PROPOSE
ton now before the people Is that the
elevator can be enlarged as the business
It. This is done by the build
ing Of a series of tanks. which can be
built rapidly.
It is thought that with display OF
Wichita's usual enterprise that the plant
can be made TO handle half million
bushels long before the next wheat crop
IS ready for the market.
LA GRIPPE coughs often continue for
and sometimes lead to fatal re-
suits after the patient is supposed 70 have
passed the danger point FOLEYS
HONEY AND TAR affords positive pro /
lection and security from these COUGHS. /
G. Gehring. 40 L. Douglas; Geo. Van /
werden. 32s y. Main: wichita Drug /
Co., 10 z. Douglas
MUCH INTEREST TAKEN