The Mena weekly star., 1907-09-26

time set for coming-but :, telegram never came. ana 'ue were not prepared in any s. we to receive him and give hin, suse ., assurance he so much das;.e .ae He stated to the officers S'su' os ', Commercial Club that he d,a "a 'ne desire any money from them au, ~, would not accept $lO,0OO aua gift from the club or local t,,.: ness men, but would accept & aS,, ooo or Sl0,0O0 from the frn;, ;'VVv ". berry growers of this neigbho,al spa hood, issuing them prefs,ssO,, non-votiug stock, at guaran,es dividend of 7 per cent, and allo s.u ing the preferred stock such d;1 dends as the plant earned. w;,. % the reservation to buy the sto., a so held within five years (in ..A cs.1 the parties holding it wanted 2, sell to the corporatiou), at s1 ,s for each $1 of share. The ob;as, -. iu so issuing the preferred stocs . IS to secure the co-operatlon os the growers and have them into. ested in its success. This ma.,. that in case any other factory os like nature, which desired ,o come here and start nl,r, would find the growers intersstsa in the one already here, for witb. out product no factory could ruu
 This is good hard business sense and foresight on the par, of the proposed factory, and assures its permauency and sun. ply.
 "The plant proposed will in. clude the cannery, box and barrel factory and would employ sixty or seventy people at steady wages from spring or early summer to late fall, meaning many dollars to the citizens of Mena. The | factory proposed could care for 1 POO bushels per day, and, could the fruit be furnished, 400 bushels per day, making day and night shift. The plant proposed will cost S25. 600 at the least, and means much to the fruit grove : of this vicinity.
 "Again, it may be that it would be urged that any man who had that much money to ir. vest, would be willing to take his chances, but 1 have giveu you the reason why he wants us all-- the producers--to have an interest and become identified with the work. There would be no need to pay in a lump sum any interest we may desire to secure in the corporation, and it was clearly talked aud understood that the money interest we take iu the corporation, as preferred stock, might be paid in installments to suit our own convenience, at the time such stock may be turned over 10 us-the money not being the needed quantity, but the pro. ducts that we grow Under this fair and square understanding we cannot afford to allow thls corporation to go elsewhere.
 Again, the building of the factory will begin somewhere 10 the next thirty days so as to be ready for business at as early date as possible.
 Fifty growers should be will. ing to take $l00 of preferred stock on the terms proposed, without a shadow of chance to lose a dollar, and that would make $5,0 Let the business men or Commercial Club give him the three or four acres oi land that would be needed, but let us put our shoulder to the to the wheel aud push for the fifty growers at Si00 on preferred stock No chance like this has come to us for so long time, and the effort should on all accounts be made to secure market TOT  our small fruits.
 Each and every grower oi per ries knows that he suffers from much overripe fruit-either 10 ship or sell locally-bnt at the canning factory all goes mo 'ns boiling pans as soon as the huns are removed.
 "Aud now, fellow growers ov not let us represent the D'nu wheels of the wagon of progress but be up and doing, for the ''u' | is short ou winch we must a'N and Mir. ohuey will return ne1s and make more extended 'oul of observation on notice from u' and the Commercial Club.