Los Angeles herald., 1907-09-03


spend literally when they have the money
and know where they can get more.
These conditions will attract other In
dustries, and finally We will find here In
Corcoran, in this same San Joaquin val
ley, a second but greater Oxnard, because
Oxnard was built in the shadow OF Ven
tura and Hueneme, while Corcoran stands
alone, miles away from any rivaling
neighbor.
'cThe United States yearly imports from
abroad upward of S125,000,OO0 of raw SUI
gar. In 1905, for instance to pay for this
immense importation 1t took all the wheat
we exported, together with all the wheat
flour, all the corn and all the corn meal,
all the oats and oatmeal, all the rye and
rye flour or meal and all other bread
stuffs, excepting barley.
"It will take the product of 800 new
factories to supply to the people of this
country the sugar we annually import;
and also we must erect twenty-five facto-
ries each year to keep up with the annual
increase of consumption in the United
States.
No Sugar Industry
'We have in the United States now
|seventy-one beet sugar factories, and are
building them at the rate of two or
three each year. If we were suddenly to
erect 800 new factories we should retain
in the United States SIPS, 600 annually,
so that each factory built goes so far
towards keeping American money at
home, besides furnishing to that extent a
market for American machinery, as well
as employment for American farmers,
machinists and others whose services are
usually required In the operation of these
plants.
when we consider that the sugar
plants now in existence in the United
States to the extent of 500 factories fall
short of producing the sugar the great
American republic is camoring for; and
not only that, but cannot even keep up
with the increased consumption by the
product of twenty-five new factories each
year, it will readily appear that the Amer
lean sugar manufacturers have the ad-
vantage in their own market, over the
foreign manufacturer, who must pay
duty.
1T is not likely that anybody alive. not
even anybody born this day, will live long
enough to see the native production catch
UP with home consumption.
'At the present rate of catching up 1t
will take us 100 years to wipe out the
foreign importation alone, to say nothing
of the increased consumption within those
100 years.
"Ir view of all these circumstances, the
person who has money invested in the
sugar business need have no apprehen-
sion as to his immediate profits.
Sugar making is not only very profita-
BILE to the community, to the investor and
to the country at large, but there Is about
1t an element of sentimental and patriotic
worth; for whoever or whatever tends
to lead men into the country, away from
the generally undesirable conditions of
city life, may we'll be reckoned as deserv-
ing Of the greatest engagement. And
when the citizenry of the nation generally
abandon the turmoil of city habtation for
the more sanitary and moral atmosphere
of the country more will have been done
toward the banishment of social unrest
and disquiet than has been done by all
the political sermons we have heard in
recent years"
Judge King on Significance
Judge M. r. King of Ocean Park spoke
of the Significance of the Corcoran enter
prise to the surrounding lands.
1.-The great need of California today is
greater industrial development" said he.
1.-The laying of the cornerstone of this
factory means more to Kings and Tulare
counties and the immediate vicinity Of
Corcoran than any other event that has
| occurred within their history
| Its building begins new era which
| will quicken and make glad the whole val
| ley, in which there can be no Jealousy,
because the diversity of her products is
1 so great that there is room for all, and for
| the further reason that the greater pros
| perity of one section means the greater
prosperity for the other
''It means the building of the prosperous
and husting city of Corcorap, which in
the already prosperous cities about it.
ut means the transformation of a large
acreage heretofore indifferently farmed,
or not farmed at all, into small ranches
| hereafter to be intensively farmed and
theerby maze as desirable and valuable
as any within the state. l am modest
when I place the market value of the
near in lands at from $500 to $500 per
acre, owing to their location. as it has
done in other places.
Very Optimistic
"It means not only beet culture and the
manufacture of sugar, but intensified and
diversified farming and manufacturing of
various kinds.
about what the effect will be- will give
yourselves.
I'm the first place. success is already
Stamped upon the building of this fac
tory. This corporation begins with sue
cess already established. There is more
back of this company than you may
know.
THE e-president and general manager
of the Pacific Sugar corporation, Nathan
Cole, jr.; It's attorney, secretary and
treasurer, W. G. Petchner, and their as
sociates of Los Angeles capitalists are
more than able to build and operate this
factory whose cornerstone we have just
laid; and l.. addition to this, the Security
Land and Loan company is amply able
and stands ready to more than make good
it's contract with the sugar corporation"
DR.. Gardner's Remarks
DR.. Alan Gardner of Hollywood spoke
in direct fashion to those assembled He
said:
You saw this morning something doing
at Visalia; you saw the sugar being pro-
duced. 1t is being shipped to Los Ange-
les. carload day, worth over cents a
pound. You saw the successful operation
of sugar factory. Well, that factory
was built on confidence and courage, and
much money.
Nathan Cole was so well thought of by
his friends In Los Angeles-they had so
much confidence in him-that thew nut up