Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1910-01-04

in this and adjacent states-which
Siye.
That is how the Mormon Church
came to be in the sugar manufacturing
business, and even Its arch-enemieS, on
most other propositions are usually de-
cent enough to accord 1t praise on this
one
In passing, 1t may be OF interest to OBJ
serve here. that the local sugar COM
panieS have several thousand stock
holders scattered all over the country
and that included among them, are
many not of the Mormon" faith. who
now have confidence In the beet sugar
industry. and in the men who manage
the sugar companies.
AS to how the trust acquired It's stock
IN the Lehi factory. that is a matter
equally open and above board. The
eastern people camc along and offered
good price for certain interest in the
company, with immediate prospect of
furnishing means to build other fac
tories. To some stockholders the offer
looked tempting. and they disposed of
some Of their holdings. No one was
prevented from doing so. The Church
sold some of Its stock at fair price
as did the others. 1t entered into no
partnership, then or since, with the
implied. with the single exception that
the eastern people agreed that the man
agement OF the company should be re-
tanned by the local people. and that the
Industry should be extended as RAPIDLY
as was deemed prudent From this
agreement grew the later factories built
by the several local concerns in Utah
ana 1aaho, which never would have
peen started had they been forced to
rely on home capital alone. So much
Tor the oft alleged "throttling" of the
beet sugar industry
Inc Cnurch mover received, either
tnen OF since, any advantage over anu
other stockholder, and is not dominat.
ing OF trying to dominate ANYTHING or
ANYBODY, 1t Is content. like most sens
lole stockholders in profitable compa-
,Ies, Win legitimate returns from an
nesuty-nanaged business, without
any other kind. Besides this. IL eniova
or has right to enjoy, tho credit and
satisfaction OF having established an
INDUSTRY that in all its various phases
ls the most extensive and beneficant
that the country knows.
MT. WelliVer prints toward the cloco
ot MS article list of factories which
ne says are affiliated with the sugar
trust, by the utmost stretching OF his
own llsres tho Mormon" Church can
be deemed as being a stockholder In
but six out of this forty-seyen In as
suming. or asserting, that the Cburch
is financially interested in the Amalea-
lI,S mated sugar company, he Is In error.
Iho church has not now. and newer
mao dollar In that company. In tho
assumption or assertion, that tbe
church Is financially Interested in the
Lewiston Sugar company. he Is in error
again. The Church does not now. and
never dld, own dollar In that com
plny; ne IS In error once more in
classing the Lewiston factory as ba-
longing to the Utah Idaho Sugar com
pany; and he Is in error in n good MANY
o.ner respects The Church's sole sugar
investment was IN the Lehi factory un
ger tne circumstances above noted Its
noldings In the other associated fac
tories belonging TO the Utah-Idaho Su-
gar company, came about In. the man
her already explained. through the
transfer oil stock when the consolida-
tion was effected and these latcr foe
tories woro built.
Ihere is a very marked dwindlinr
therefore, In the proportions of the
corherstones upon which Mr. WeIIiyor
proceeds to erect his bugaboo of n an,
porstruoturc. For out of tho simnIa
iact that the Church is A comparativcIv
small stockholder In the six factories
owned by the Utah-Idaho Sugar com
pany, nc constructs the silly story that
tho Church and the trust arc In s.Dart-
nership to dominate the beet .,,s,,
business of the country" If nll Of MI
Weluver's other statcmcnts contain no
moro Foundation in fact than this wa
may we'll be p1rdoncd for asking what
his cntire article is worth7
CHAS. w. N1BDEY.