Imperial Valley press., 1910-05-21
Company Financially Able to Carry Out Project For Benefit of the Producers. Will Put Up Several Gins and an Oil MiII Committee Returns From Tour of the South Full of Encouraging
 Information.

About fifteen thousand acres of cot ton will be planted in Imperial Valley this season. Estimates based upon the quantity of seed available have run from twenty to forty thousand acres, but no reliable estimate can be made upon that basis and the figures have been nothing but guesses. The plan tations will not vary more than a thousand acres either way from the acreage first mentioned.
 Eighty growers have signed up with the Imperial Valley Cotton & Oil Co.,, pledging their cotton seed for stock on the basis of a ton of seed per share, and their pledges account for about 10000 acres. Several large plantations have not been signed yet, but the acreage is known and will be signed up, and the company is as- sured of close to 15,00O acres. There may be few hundred acres outside of the company It is possible, of course, that a considerable acreage has not been reported by growers, and in. that case the planters will have only themselves to blame if they find the ginning capacity in their neigh borhood inadequate to handle their crop.
 The farmers company intends to provide gins for all the cotton dis tricts in the valley, and the size of the gin for locality must be deter mined by the known acreage of the cotton planted. The acreage can be ascertained only from the pledges of seed made to the company for stock yor from reports made by prospective growers direct to the company.
 It is the present intention of the company to put up four-stand 70-saw gins at Brawley, Fl Centro, Calexico and Holtville, and two stand gins at Imperial, Heber, Mobile and Rock wood. The work of erecting the gins will begin in August. An oil mill of 80-ton capacity will be established at Fl Centro. A brick or tile building large enough to house an S0-ton plant will be erected, but machinery for only 60 tons probably will be installed this year. The total cost of buildings and machinery will be about $60,0OO.
 The financial resources of the com pany organized by the cotton growers of Imperial Valley are ample to carry out the project of working up the by products of the cotton crop for the benefit and profit of the grower Each grower takes stock to the extent of one share for every two acres and pledges the seed from his crop in payi. .ent at the rate of one ton per share, the value of the share being $15. Consequently 15,00O acres pledg- ed give the company resources in the form of secured notes to the amount of $112,50O. As machinery can be bought on easy terms, 1t will not be necessary for the company to raise more than $5O,OOO in cash.
 Manager Geo. A. Carter and Direc- tor p. D. Bennett returned this week from a twenty-day trip through the cotton districts of the South, where they made tentative arrangements for the purchase of mill and gin machin- cry. MT. Carter says the cotton and mill men in Texas were quite we'll informed about Imperial Valley as a cotton growing region and were con fident of the entire success of the oil mill enterprise. The Fmperlal plan of organization was new to them, and when 1t was explained in detail they commended 1t unreservedIy as a prac- tical solution of the problem that the