Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-04-04
n nd Jesse W. Fox, Jr, Arthur

endahl, Jesse w. Fox, Jr.. Arthur
StayneE
The amount Of the capital stock was
El1VOO divided into 1900 shares of $40
each, As a lifting recognition of bis
practical knowledge. and doubtless on
account of his early connection with
the effort to plant the beet sugar n-
dustty here Elias Morris was ia sen
president OF the company The mem-
bers Of the FIRST board Of directors In
addition to Mr.. Morris. were Francs
Armstrong, George W. Thatcher. Amos
Howe Chas w. Stayner. Chas. w.
Hardy S. p. Toasdel. Il. *. Thomas
James Jack, Henry Wallace l. ~.
Hardy Henry Dlnwoodcy. and Arthur
stayner The vice president was
Francis Armstrong; the treasurer WIS
James Jack the secretary and general
manager Arthur Stayhcr Later. the
board was largely chaHpyd Nv
Stoyner resigned and r. H. Cutler sue
ceeded him as general manager
In addition 10 his labors IN establish
i1B the sugar Industry. Mr. Smynor
was largely instrumental I'm securing
the passage Of the territorial bounty
act. which so greatly aided the enter-
Pti'e when q was struggling for cNls.
trnce. on his retirement the company
recognized the value Of his services In
o substantial manner and later falling
Into IN health he was paid pension
which lasted until his death.
The first work Of the newly organized
company was the sending OF a commit
t"' 20 Nebraska and California 10 IN
'oslgate the beet sugar industry. This
committee consisted Of Elias Morris.
Amos Howe c. W Thatcher. Francis
Armstrong and Arthur Stayner. They
'Jont a long time investigating. and
tren hled a VdlumInous report, recon-
mending that the industry he started
IN Utah, Considerable TIME was taken
Ia deciding upon location for the Site
and there was a great deal Of rivalry
among various localities, especially be-
tween American Fork and Lehl The
lolucements offered by the Lehi peo-
pie, led by Mr., John Beck and others,
were strong enough however, to de-
eide the company to locate az that
uuint, and In the spring Of 1891 the first
l'ect seed was planted The contract
tor the factory was let TO Dyer Il CO.,
Cleveland. hut so many discourage
nents were met with In raising the
capital neCessary-the stock having
been increased to S100O0O0. but less
than 100000 being paid up-that It was
contemplated at one time TO forfeit the
$4,000 paid The contractors, and to give
ny the enterprise New blood came
mto the company however, and the
lndcmitable perseverance OF such men
as President George Q Cannon. Hcber
J Grant Moses Thatcher dhe last two
Icing appointed a special canyassing
committee for stock), r. r, Cutler ana
others who took places on the board
resulted In raising the necessary means
70 keep the enterprise going
The industry being a new one. and
the farmers generally unacquaintd
\ with the science Of beet culture, the
FIRST years returns were very poor,
I cpiy about l00GO00 pounds Of sugar
D tng produced The next year was
largely a repetition, hut In the third
year the company began TO make
ST. ides forward, and the annual pro.
luctlon went on Increasing, until last
year, when over $1,000, 900 pounds OF re-
fred sugar we're turned out The cap
iial Of the company has been increased
many times as the business has de-
voloped, until at present Il stands at
Sf0O0OO0 the latest Increase taking IN
tho vast lan9 tract and canal systems
IN the Bear River valley.