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 a 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
a short time ago lived in this valley.
The stock of the company is placed
at $500, 900, of which 81 1000, 900 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, a
port of cali 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 1900 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 a regular
: fall of about so feet to the mile, an
average elevation of 1000 feet, fine
: healthful climate, no irrigation re-
quired, and with an abundance oi
5 fuel, water, transportation, labor, pro-
ductiveness and everything at hand
, and now producing profits, even with
( the primitive methods heretofore
t used; and with better cultivation, bet
= ter implements and machinery, anC
, more economical handling of the pro
D ducts the net revenues can be doubled
e and quadrupled."
v
the comparatively thriftless methods
of the Mexican have long been in eff
feet. 1t is planned by the compan!
= to supersede these with modern busi
Z ness methods and American energy
8 Modern sugar refining machinery will
y be Installed at large cost, which will
3 turn out the loaf sugar of thu
Q American table, a variety which 4
q not manufactured in Mexico ant
2 which sells there at high price.
The plantation will be devoted t
much greater extent to the raising
of sugat, whose acreage will be near
ly trebled, and these improvements
along with business methods, it i
= calculated, will yield the investors I
!. fair profit, and work to the advantage
=. of the natives on the plantation.
D.: Those from the Walla Walla vale!
9 who are interested in the new com
4 pany are w. P. Winans, w. s. Off
g ner, U. H. Berney, o. P. Jaycox ant
n A. K. Dice of Walla Walla; c. F
Nichols and G. A. Nichols of Colleg
Place; and N. A. Davis, A. M. Elan
ana q Fraziar of Milton Ore