Omaha daily bee., 1903-06-12
CREAMERY BUSINESS BOONS
Beatrice Company Doubles Its Stock to
Increase Capacity.
PHENOMENAL GROWTH or THE INDUSTRY
Plant at Lincoln f. Turning out over
Twenty Tons OF Butter Daily
and Denver Plant is
Too Small.
nFrom a stan Correspondent.) ,


LINCOLN, June u.-CSpecial lin order
that It may be able to take care Of the
increase in its business and make contem-
plated enlargements and improvements the
Beatrice Creamery company of this city
has determined TO increase its capital
stock from 100000 to S1,OOOOO0. Such was
the announcement made by officials of the
company today A meeting of the stock
holders Of the company has been called
by President George Il. Haskell to occur
at 2 p. m. June p, at which the amend
ment necessary TO the articles of inoor-
poration will be made formally but the
change has been authorized by those whose
word is law In the AFFAIRS Of the company.
One Of the purposes of the increase Is TO
enable the company 10 erect equip and
operate a new creamery at Denver. II Is
to be a large modern structure, to cost
probably not less than tlOO.OOO and will be,
when completed ready for operation. prob
ably the finest in the United States. An
other is to enable the company to ma
terially enlarge the creamery building In
this city and put in additional equipment.
It is proposed TO run the present building
up three or four stories and to completely
remodel it's interior, so that the carrying
out of the plans now under contemplation
will entail expenditure OF $4,000 or $4,000
When its present building was erected
its promoters thought that II they ever
got to a point where they would be able
to turn out from 10000 to 1900 pounds
of creamery butter per diem, they would
be inded successful and lucky, so that now,
when they are turning out $1,000 pounds
per day they find their building, its equip
ment and arrangements and it's $500 900
capital inadequate.
The business men Of Lincoln. OF Hast
ings, where the cold storage plant OF the
company Is located. and OF Denver. have
manifested the most active sympathy with
the development OF the creamery business
and the large increase In stock will repre-
sent an actual investment of the amount
of money Indicated. All of the additional
stock has been taken by men who have
ample means, and the company under the
new regime will be one OF the strongest
concerns financially in the entire west
There will be no water in the stock, and
every dollar OF the stock will represent
an actual investment
Few can realize the enormous quantity
Of butter made by this company. its fac
tory now turning out daily about 40 OOC
pounds and the one at Denver about 5.OOC
TO 5000 The local supply of butterfat
from Nebraska dairy farms runs from
$4,000 to 5000 pounds a day.
For instance" said E. S. snively to a
reporter today. I'VE received last night
100 cans of cream weighing eighty poun 1.
each"
Grain Dealers Arbitrate Loss.
The grain dealers, in a meeting held here
yesterday and today. decided to arbitratt
the loss on grain occasioned by the Kansa.
City mood and instructed the board of gov
ernors to appoint a committee on arbitra
tion, and elected these officers. ]. w
Hoiwduist, Oakland, presidents CharIei
Hunter' InHvale. vice president; T. d. wor.
rail-. Lincoln. c. A. McCloud. York, and F
c. Cowgirl. Omaha, as the board of gov.
ernors. The secretary and treasurer will
be elected by this board.
Secretary Bewsher said the loss Of grair
as first reported is greatly exaggerate,
and that the greatest loss of any one cru
IN the state would not be more than s.. 500
The grain involved is valued at about $3.50
oO0 The Kansas City men who were TO b.
here today TO confer with the dealers di,
not arrive. but members of the association
believe that the arbitration plan will b
endorsed by the commission men, as al
disturbing questions in the past have beel
settled this way. 1t is believed now tina
the courts viii not be called upon TO de
eide who should bear the loss.
While no official action was taken in re-
gard TO the Ramsey elevator bill. indI
vidually the members of the association ar
firm in the belief that the law is unconstj
tutional. Many Of the dealers have opinion
n from lawyers to the effect that the law 1
NJ invalid on the ground It is said, that tn
title does not cover the body of the bill
Ex-Representative Hunter. who was a frr
friend of the Ramsey bill in the last leg
islature and who helped TO pass It, and VIII
Is also a member of the Grain Dealers as
ISOLATION. was elected vice president OF tn
association.
Railroads Ignore Requests.
Il was said by one member Of the as
sociation that the railroads are paying n
attention whatever to the requests on q
along the right-of-way for sites for ele
vators because II is claimed the railroad
which are also interested in many of IN
elevators know the Ramsey bill was uncor
stitutional when II became a law. Elevate
legislation was the one thing demande
by the farmers OF the state of the last les
islature and nth this object in view IN
Co-onarafiv Grain aaaocfo ITO