Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1904-02-24
WOOL MARKET
IS ASSURED
lewistown Business Men and Several
W~ooisrowers Give Generously to
Build Warehouse.
FIVE COMPANIES GIVE s2,5oo.oo
N~ine-Tenths Of Required Amount Al.
ready Subscribed Without Call.
ing on Smaller Firms.

lHt DAbJNNNs NohNh NP NhiNN 1870
ago by a meeting of some of the
business men. to erect a c~ommodious
wool warehouse in Lewistown, is
meeting with the success which was
fully anticipated.
Before the stock subscription list
was circulated many assurances were
received and when the list was pre-
pared a total of $4,000 was raised
within an hour, the subscribers be.
ing the Montana Hardware Co, Pow
err Mercantile Co.. Judith Hardware
Co, Bank of Fergus County. and Jul
dith Basin Bank, each for $500.
With this cheering success the list
was handed Chas. Lehman, but he de-
clined to assist in the undertaking.
Messrs. Halsey II. watson, F. E.
Wright. w. ID. Symmcs and G. j.
Bach have since solicited assistance
from other business men. raising the
total amount subscribed by the bust
ness men to S3,S0O. In addition to
this l.. II. Hamilton, Of the Sage
Creek Sheep Co, said that he would
take $500 in stock, Oscar Stephens
will take a similar amount and Sam
uel Phillips 500. Mr.. Hamilton has
not been in Lewistown since the stock
list was prepared. but will doubtless
endorse his offer as soon as opportun'
ity affords. When Mr.. Stephens was
approached he said, in h bluff, hon
est way so characteristic of the big
gest stockgrower of Fergus county:
'Tll write down nothing, but wher
you want the money just say so and
you'll get it,"
Mr.. War;. of the Lewistown Tde
phone Co. and Mr.. Andrus, of the
Lewistown Commercial Co. are away
at this time, hut can be depended up
ON to assist. David Hllger, who Is In
Washington, has promised a liberia
subscription. probably 5000, and in ad
dition. there are a number of the
smaller business men who will doubt
less subscribe from $50 to 800 wher
given the opportunity. A total Of
$1,000 and probably $4,000 is there
fore certain.
When projected It was decided t.
incorporate the company. when S. ,00'
should have been subscribed. though
" was realized that the cost of thu
warehouse would probably reach IS.
500 or $4,000. This plan will be ad
hered To and within a short time ac
tive steps to this end will be under
taken.
AS previously reported. the plaI
contemplates a warehouse fifty fee
wide and six hundred feet long. est
mated TO house one and a half mil
lion pounds of wool at one time ant
leave ample room for the baling ma
chine and alleys. 1t will have a ston,
foundation and be built of heavy tim
bers covered with sheet iron. max
ing it practically fire proof, espec
tally from sparks from the locomo
tives, which is the greatest danger.
At other than the wool season
space will be rented to local business
firms for the warehousing of goods
and those who have figured on tn,
proposition believe the revenues will
pay all expenses and leave a small
margin of proft-probably five pc.
cent, while others believe the mar
gin will be ten per cent.
The railroad company's contribu
ton to the project. Mr.. Rantoul stat
ed. would be a ten year lease upoI
sufficient ground. with privilege o
renewal for a like term. at a nomina
consideration and the transportation
Of all necessary material free owe
the line from Lombard and at the re
duced rate accorded the railroad rom
pany over connecting lines. II ha,
been estimated that these freight con
cessions would save $4,000 on the cos
OF the warehouse.
Woolgrowers planning to ship from
Lewistown. which embraces all within
a radius of sixty miles, can c~ertainl,
depend upon a warehouse of ample
dimensions, baling machine and term
inal facilities, being completed in suf
ficient time for the handling of tn,
1904 clip. Three million pounds O
wool should come to Lewistown thii
year and where there are three mil
lion pounds of Judith wool there vii
be no lack of buyers.
The subscribers up to date are:
MODtan Hardware m sEnl