Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1904-07-15
TO MAKE STARCH.
Prospects Of Goodsized Factory at
Newport Village.

Newport. Ne, July 14.-During the
made several predictions that within
short time there would he a move along
tie line of starch manufacturing in or
around Newport. 1t now seems that
there is a good probability OF this COM
ing to bass within 4 comparatively
short space of time, if all works we'll.
-. BeGson Young, Esq, of Bangor, has
been III town for the past few days
making SOM. Investigations ana sound
ing the people on the scheme. The re-
suit has been that n company has been
fol meG and things will be pushed along
this line.
The company will be known as the
Newport Starch Co. ana although the
permanent officers have not, az vet,
been elected. it is stated upon good au-
tholity that they VIII be as follows:
Richard ii. Libby. president; James NJ.
Sanborn, secretary ami treasurer. Tn,
general manager will be q man who has
had much experience in the manutac-
turing of starch and who thoroughly
understands the business. The capt.
talization is $4,000. This stock is di-
Vided up into shares Of $40 each ana al
ready $50 of these shares have been
sold to Newport parties.
The new factory will be situated on
Il lot of land near the mill of the New
port Wooden Co.. as this is the loCa-
ion chosen and the company has IN"
refusal Of the property at that point.
This land is owned by the Jose heirs.
This location has been chosen owing 10
the fact that it is 4 most favorable
.not for 2 factory Of this kind, the
stream being large enough to carry off
all the refuse coming from the plant
ana there are. several other features
which have been the cause of its Selec
ton.
The factory which the company con-
templates erecting will be larg enough
TO handle something Ike 10000 bushels
Of rotatocs during the season. The
company will cndca"or to keep the
stock inside the town of Newport and.
of course. the whole thing dop-n Is
mainly on the sale Of tn" stock. Ii the
people of Newport do not take hold of
il there is a good probability OF the
paople of some of the other towns IN
this vicinity being given chance The
people of Corinna are anxious TO nay"
the plant located in that town but the
nrorotcrs thinks that the location
selected would he much better and that
Newport IS more favorable localit"
for n plant of this kind. Newport IS
nearer the market and the train facili-
ties are certainly much better than At
Corinna.
Tho matter Of the factory was brought
nm before the board of trade ut the last
meeting and favorable action WIS taken
It IS the sentiment of the heard tfat.
should the factory he built. it will do ev-
ervthing wiinn its power to pf"cHr" the
vote of the town to exempt tn" property
from taxation for a term of years.
This move for the erection Of starch
factory is undoubtedly the rcsuI; of the
large increase in the growing of potatoes
throughout this section during me PAST
few wears. Many of the farmers have
purchased machinery Tor me cultlvatin ny,
Of tubers. and they have. in most IN
stances found that they can make the no
tato crop a profitable one. 81 course me
greater part of the potatoes raised nave
been shipped to the Boston and New York
ma rkats and as the markets have been
good for the mast few years the tuner
crop has paid them. :.
was started the farmers would find
stoady market for their potatoes regard
less of the markets.
Thus far none of the farmers nave ttri,
asked to raise potatoes. but the promoters
think that should the factory be erect
ed. this season. they would receive enough
tubers to run it. this season. and after
wards they could do some soliciting. The
people Of the town in general appear to
re quite enthusiastic over the matter and
it is hoped that sufficient stock VIII De
sold to ensure the erection of the plant.