, 1905-02-24
MONEY FOR
FLOUR MILL
COMMITTEE TO PREPARE PROS
PEcTUs FOR GUIDANCE OF
SUBSCRIBERS TO FUND.
Will Endeavor to Raise Seven Thou
sand Five Hundred Dollars, Which
Will Give Ample Working Capital
Prospectus to Be Printed and
Distributed Among People.

The executive committee Of the
flour mill proposition held a meeting
this morning, when Prof. B. C. Buffum
was directed to prepare an article to
be printed in pamphlet form for the
information of the people, telling the
kind of grain to SOW, how to SOW it
ami how to treat it while it is growing
and coming to harvest. This will be
printed in pamphlet form and distrib,
uted among the people of the county,
who will be expected to interest them.
selves in the mill and in the growing
of wheat to be converted into flour.
The committee will endeavor to sell
81, 500 of the stock of the company
in this city II county, getting as
many people as possible interested in
the plan, so that the result will be of
interest to a large number. Mr..
Jones. who owns the mill, will Offset
this with an equal amount. thus max
ing the mill a $4,000 plant, capable of
turning out fifty barrels of excellent
flour per day at the very start.
Mr.. T. II. Simpson, in discussing the
action of the committee, said he had
40 doubt of the success of the under
taking. The people will subscribe the
money and the farmers will produce
the wheat. "lf we get a good quality
of flour the people Of the county will
use it in preference to any other, and
at the prices they are paying o we
can pay the farmer the same price
for his wheat the Fort Collins and
Nebraska mills pay, and it will thus
give us an ample working capital.
There was a general understanding
last summer that the mill proposition
would be one in which only the gro
GERS of the city would interest them
selves. they putting up the money to
prevent having to 90 away from home
for the flour consumed here. That
proposition hampered us all the time.
People were content to leave to us
the burden of producing the flour, the
task of keeping an agreement in force
to use it in prefence to other flour and
reserving to themselves the right to
buy other flour if they chose. Under
the present plan, and my mind is made
up that it will go a large number of
citizens will be interested, and they
will see to it that Laramie flour has
the preference and the middle man a
living profit for their labor and money
invested"
Mr.. Arnold, from the legal commit
tee of the general committee, submit.
ted a draft of an agreement between
the shareholders. The company will
endeavor to dispose of the stock in
shares Of $40 each, giving ample time
for their payment and providing a
working capital for the operation of
the mill. The committees named yes
terday to solicit the subscription of the
stock will begin work in a few days
and it is confidently expected that the
proposition will meet with little objec-
ton from any source. The stock will
be subscribed, it is believed, in small
lots. After the mill has been rehab.
ilitated and put in good working or
der. the small stockholders will have
an opportunity to dispose of their
shares. thus getting the company into
few hands, the early shareholders get.
tipu u-bat fhn ctprE ic worth in rocb
and the satisfaction of having fostered
m industry hat cannot but be of in.
estimable value to every resident tax
payer of the county.