The Holly chieftain., 1902-04-11
MANZANOLA PLANT
WILL THE TRUST BUILD IT,
Rumers Regarding Its Ownership and
Purposes-Mr. Penoyer. Of the
Fort Collins Company, Has No
Fear of the Trust,

Denver, April 8.-The Republican
this morning says:
The report that Manzanola is TO have
beet sugar plant has set Denver men
interested in the growth of the beet
sugar industry in Colorado To wonder
ing. This inquiry has been height
tned by the additional Information
contained in the incorporation papers
h!ed with the secretary of state, an
nouncement of which fact appeared in
the Republican yesterday morning.
The incorporators are Benjamin F.
Hill, Robert c. Young and William A.
Burke. Mr.. Young is an attorney in
the Equitable building and is closely
connected with c. W. Waterman.
When asked yesterday for informa-
ton as to the new sugar company, Mr..
Young refused to talk until after he
had consulted Mr.. Waterman. and af-
ter that consultation announced that
the incorpOrators did not care to give
out any Information about the compa-
ny at present. that what was contained
In the incorporation papers was suffi-
clent for the public to know until the
concern had made more progress. But
this silence did not lessen talk upon
the street as to the objects of the lat
est beet sugar Incorporation
1t Is believed that the Manzanola
Sugar Company is another step made
by the American Sugar Refining Com
pany, known as the sugar trust, to get
foothold in Colorado. The new COM
pany has q capital stock of $780, 900,
and its ostcnsible purpose is to estab-
lish great plant at Manzanola in
Otero county, and to operate in that
county and Pueblo, Bent, Prowers and
Fremont counties. This will bring the
company in direct competition with the
great ONnard and the independent
plaSss in the Arkansas valley. and
the question as TO whether it is to be
controlled by the American company
is OF vital interest TO those already op-
Grating In that field. The incorporat-
ors would not say yesterday who was
behind the concern, or whether they
proposed to fight the companies al
ready in the field or work in harmony
with them.
1t is the general belief among sugar
men that the American company is in
terested in the new concern, and hopes
by it to secure the business in the Ar
kansas valley.
W. c. Penoyer of Bay City, Michi-
gan. head of the syndicate which plans
to build a sugar factory at Fort Col
Inns, and identified with the large beet
sugar interests Of the northern penin-
sula of Michigan, reached Denver yes
terday and registered at the Brown
Palace hotel.
II have been confounded with Gov
ernor Penoyer of Oregon in some OF
the papers," said Mr. Penoyer HE is
my uncle. l am the president of the
Valley Sugar Company and my BROTH
er is president of the Saginaw Sugar
Company. We are planning work in
Colorado. but ! will not be ready to
talk about that until have seen some
of the people here.
Il have no apprehension that the
sugar trust will do us any harm here
rience in Michigan. There they built
factories, but their efforts were to build
up the trade. They helped our bust
ness instead of hurting it. We sold
some of our product to them. II they
come to Colorado 1t will be, think,
with the intention of building up the
business"
The New York Evening Post of
April 1st contained the following:
Henry o. Havemeyer of the Ameri-
can Sugar Refining Company, general
ly known as the sugar trust, was asked
to-day for confirmation or denial of
the truth of a report from the West
that the trust had made the first move
to take up the beet sugar industry in
Colorado, had formed two companies
and secured options on large tracts Of
land for beet cultivation.
Mr.. Havemeyer glanced at the clip
ping from a western newspaper and
said:
81 saw that. and threw it into Gs
waste-paper basket. Why, don't you
know, they had me buying copper
mines and president OF copper syndi-
cate or something Of that sort the other
day He returned to writing at his
desk and added, without raising his
eyes:
"'Pve nothing to say about that re
port, but l did hear that Mr.. William
F. Havemeyer and some friends were
interested in lands out in Colorado. Mr..
William f.. Havemeyer is the one to
see: I've nothing to do with this
Inquiry at the downtown Offices Of
Mr.. William f. Havemeyer, Nos. 25
and 80 Nassau street, resulted IN the
information that he was not Id; that
his comings and goIngs were very nm
certain and that no one knew when he
would be in."
euttsrIns Tax Prohibitivs.
Chicago, April 7.---Most of the but