New Iberia enterprise and independent observer. (New Iberia, La.) 1902-1944, 1906-12-08
THE PROPOSED SUGAR COMBINE

into one company some OF tn
most desirable sugar properties O
the State"
The means to accomplish TIN
end are set forth in a prospectu
accompanying the letter, and ar
about as follows:
|. To organize corporation With car
ital OF 800, 900, 600 to be located in tn
city of New Orleans
2. To issue per cents 25 year bond
for So, 600 600 to cover all the proper
ty the corporation may acquire
Ito be used for working capital AN,
| construction account -
}. Properties acquired in the bna
tion TO be paid for IN stock of tn
corporation at par
4. The plants acquired by the corpora
tion are not to be "promscuousl,
taken but must be ''judlciuusl,
| selected 4"
B. The plants should be among the bes
in the State. aud with reference (,
each other, distributed throughout "
9. II is proposed to take Into the corpora
ton 40 per cent of the State produc
|
! capacity as may be deemed advant
ageous
| T. A Board of Appraisers to be appointed
consisting of one expert in values o
sugar lands; one practical planter
one practical sugar house engineer
who with the assistance of con.
structing sugar house engineer, M
architect, an agricultural expert, q
railway expert accountants, etc.
''shall fix the values of properties ac.
quired by the corporation" Then
certain bases for certain limit ia
valuation are set forth. The proper.
ties thus acquired are to be turned
over to the corporation and stock is.
sued to the respective owners and
incorporators.
The scope of the proposed enterprise EN-
braces variety of purposes, to-wit:
A paper factory, "A fertilizer company.
railroads, steam ships and tank yes
sells.
These are the principal features
for the proposed merger of the
most desirable sugar properties.
AS none but large and "most
desirable sugar properties are to
form the oasis of the corporatiou's S
assets, it is needless for cane
raiser to apply. No admittance
for him.
1t would appear that owners of
the "most desirable sugar proper
ties" are invited to pool their
properties. Is this a combination
IN restraint of trade9 Is it in the
direction of monopoly of cane
buyers for the great good aud uu.
told blessing of the C ne sellerf
1.-The bearing of this ere observa-
ton lies in the application of it,.
We fail to see any good results
to be derived from such an organ
ization as is contemplated by the
most excellent gentlemen whose
names are affixed TO the big cir
cular referred to. II the big con-
Germs all come togather, then com
petition among them for the cane
raised by the little planter, is at
an end.
They can fix uniform price,
beyond which the cane seller can
not obtain.
In the prospectus accompanying
the circular, it is stated that only
the largest planters and those most
advantageously situated are to
form the corporation. Il is to be
feared that this plan, if adopted,
will destroy the only solid foundat-
ion of the sugar industry in Louis
lana. That foundation is thrifty,
Intelligent and ambitious yoeman-
ry. We want tillers of the soil to
form the solid basis of our agricul-
tural prosperity. The sugar belt
IS now and is destined to be for
many years, entirely agricultural.
The negro has been and is now
,he main stay of the sugar indus
,ry. But railroads, shops, steam
boats, sawmills, and other occupa-
ions are seducing him from the
ields. HisLa,ure inclines him to
Job work.
The amount Of sugar to be made
)y the corporation is put down at
,50, 900, 600 lbs. with an estimated |
'ost OF two cents per pound.
The corporation is to be man
'ged by board of directors, of Is
planters selected from all sections
II the sugar bet. The directors
Ippoiut the officers; they devide
themselves into committees.
A dearth of labor is now on us
md greater dearth is imminent
u the near future. To shut the
Ioor of opportunity to The intro
Iuctlon of good, honest, staiwart
White farmers is fatuous if not
wicked.
We do not charge that the gent
emen who signed the circular let.
er intend to form any combination
0 bar white farmers, but we assume
ben that they are but human, aud
Is but human nature to grab at n
eemiug vantage at the expense of
cal good The amount 10 b.
made by squeezing the small plant
r aud caue raise- for n season.
nay be a boomerang after all.
There is something in he old
able of killing the goose that lays
he golden egg.
III yon combiue aud d..press the
rice of cane by eating off
among th purchasers,
nd the 'most desirabla proper
les' are vonr only purchasers, you
on effectually shut the door
gainst the introduction of a.
hriity. industrious body of small
santers-you do more; YOU drive
at of business the resident white
ane ralsrrs--aBd then yon are
.,fF 4