East Oregonian : E.O. (Pendleton, OR) 1888-current, 1905-02-13

W. P. Winans, president of the Far
mer's Saving bank of this city, and
also president of the Mexican Ma
tional Sugar Refining company; N. A.
Davis, formerly cashier of the First
National bank of Milton, and now
treasurer of the sugar company; and
C, F. Nichols, formerly of College
Place, who has sold out his business
in the local suburb, and will live In
the future in Mexico, the two latter
being stockholders in the sugar COM
pany. left yesterday for the plant of
the newly acquired corporation at
Cordova, a Mexican village about 200
miles east of Mexico City and so
miles west of Vera Cruz, on the coast
of the gulf of Mexico, says the Walla
Walla Union.
Accompanying the party are Miss
Sara Winans and Miss Winnifred Off
ner. Perhaps the most significant
phase of the event lies in the fact
that in the plant of the Mexican
company, the hacienda Gel Potrero,"
will be invested almost, If not abso-
lutely, the first Walla Walla capital
of any great sum placed in foreign
land.
The controlling interest in the Mex
lean National Sugar Regining COM
pany, which was organized under the
laws of New Jersey is owned in the
Walla Walla valley, or by people who
short time ago lived in this valley.
The stock of the company is placed
at $500 900, of which $1,000,000 is
common, and 100000 preferred
stock.
The plantation in whose develop
ment it is interested contains, accord
ing to the prospectus, 1870 acres of
fine fertile land on one of the
benches" by which the surface of
Mexico~rises from the sea level to the
Rocky mountains, some of whose
highest peaks are situated in that
country.
The main line of the Mexican rail-
way runs through the plantation, af-
fording excellent connection with the
most populous part of Mexico and
with the coast port of Vera Cruz,
port of call for ships trading in all
parts of the world. In the words of
the prospectus:
What the Prospectus Shows.
There is at present about 1000
acres cultivated in sugar cane; 1850
acres in coffee, and 1900 acres in
corn, rice, bananas and sundry crops;
about $500 acres more is cleared
land and ready to plant with but lit
tie work in taking off the brush and
small vines, etc, and 1900 acres is in
virgin oak forest.
THE plantation is in, one of the
very choicest locations in all Mexico,
land practically level with q regular
fall of about 80 feet to the mile, an
average elevation of 1000 feet, fine
healthful climate, no irrigation re-
quired, and with an abundance of
fuel, water, transportation, labor pro-
ductiveness and everything at hand,
and now producing profits, even with
the primitive methods heretofore
used; and with better cultivation, bet
ter implements and machinery, and
more economical handling of the pro-
ducts the net revenues can be doubled
and quadrupled."
The plantation is an old one, where
the comparatively thriftless methods
of the Mexican have long been in eff
feet. 1t is planned by the company
to supersede these with modern bust
ness methods and American energy.
Modern sugar refining machinery will
be installed at large cost, which will
turn out the loaf sugar of the
American table, a variety which is
not manufactured in Mexico and
which sells there at a high price.
The plantation will be devoted to
a much greater extent to the raising
of sugar, whose acreage will be near
ly trebled, and these improvements,
along with business methods, II Is
calculated, will yield the investors a
fair profit, and work to the advantage
or the natives on the plantation.
Those from the Walla Walla valley |
who are interested In the new COM
pany are w. P. winans W. g. Off
ner. U. H. Berney, o. P. Jaycox and
A. X. Dice of walla Walla; c. f.
Nichols and G. A. Nichols of College
Dlaan. and no..l.