The Donaldsonville chief. [volume] (Donaldsonville, La.) 1871-current, 1906-12-08
BIG SUGAR COMBINE
Economical Concentration Of AaanagenaeaA
and Fun Development OF Industry
Main Objects. Sought Plans In

i
L Main Objects Sought-Plans In
clude Erection of Mammoth !,
Refinery at New Orleans.
Detailed plans of the proposed
ganization of Louisiana sugar plagtsr
into a company capitalized at apnr
imately S28, 900, 600 were made public
last week BY the committee in CHAR
OF the preliminary arrangements. Tho
|4seheme is one OF mammoth propositions
and eontemplates a systematic nand-
ling. of the Louisiana sugar crop
through single management. Il
the plan is perfected and the company
org anized as outlined id the pros
peetus, the corporation will be by lar
the largest and wealthiestin the south.
It is stated that when forty per cent
of the acreage devoted to the cnltiYa
ton OF cane in this state isrepresenled
in the combine The big Organization
will be in position to begin business.
The only money required viii be4 ths
amount necessary to erect the proposed
refinery at New Orleans, together with
additional funds for operating ex-
penses. About fifty of the largest
planters in the state have been ap%
preached Oh the matter, it being the
plan Of the promoters to interest only
the larger planters and those most
advantageously located. Thus far q
number of replies have been received,
all of'Whieh heartily approve the pro-
jected merger, and it is believed that
representatives, of at least fifty per
centsof the acreage will agree to enter
the combine.
The details OF the. plan are fully ses
forth Ia the following prospectus:
rganization-It 1t IS proposed to form
company to grow, manufactures and
refine and trade In sugar, molasses
and all their by-products. :.
The company to be styled the Louis
ana Sugar Company.
The company will acquire sugar
lands and equi pments, sugar factories
and private railroads connected there
with, and be authorized by charter:
To constr uct and operate railroads,
steamships, freight vessels and carry
freighss and passengers.
To construct or acquire and operatsl
a plant for the manufaeture of fer-
| tilizers.
To construct or acquire and operate.
distflling. plant for the manufaeture
of alcohol from low grade nolasses.
To construct or acquire and operate
a paper mill for the conversion ios
bagasse.
| To conduct the molasses trade, and
for this purpose to construct or own
and operate tauk vessels and tank
cars.
To construct and operate !. central
sugar refinery of capacity of 5000
barrels per day. to be located near
the junction Of the river and the rail.
| roads at deep water.
| The capital stock will be approxis
mate1y s2o, COO, 900. The. company will
4 also issue 5 per cent tvfeEb- ylEvs-year
bonds to the amount of S8, ,000, 900, cov-
sering all property il may acquire to
s be used for working capital and eon-
struetion account. An. annual sink-
ing fund will be provided TO retire tho
{ bonds annually or. AZ maturity.
Properties acquired iii the eonbina@
ton will be paid for in stock at par.
Il is intended ii order 10 gain the
most advantage for ehe company So
q insure 20 itno6 only the char acter of s
state eonsoI BID alton. butfalso give 1t 8
! broad national character.
3 Continued on Eighth Page,