Milford chronicle., 1910-01-07
Big HsYsment 70 Grow Apples.

With the object of developing the earll
lands OF Delaware and, now that thu
peach industry is dying out, to grow thu
apple on a large scale, the Delaware Ap
pie Company was incorporated at Dove
Monday with capital stock OF $500, 900
This amount is to be divided into $50, OO(
shares at q par valve Of 81 per share
Each share of stock represents one tree
and stock will be offered to the public in
semi-annual payments of ten cents pei
share.
These are the officers Governor Sim.
con S. Pennewill, president United States
Senator Henry A. DUPONT, Former Judge
David T. Marvel, DR.. Joshua Ellegood,
Colonel William P. Denney, president OF
the Indian River Fruit Company, James
Lord, horticulturist, and H, Ridgely Har-
rington, horticulturist, directors.
The first meeting of the new company
will be held on January lat the offices of
Marvel and Marvel, who have charge of
the legal affairs of the new company, in
the DUPONT building
This company has an agreement with
the Sussex Real Estate and Fruit Culture
Company whereby the latter is to propa-
gate apple trees of varieties to be apprO-
we'd by the Apple Company, also to pur-
chase land suitable for the culture of the
trees.
The Apple Company furnishes the land,
grows and gives all attention to the trees
until they come into bearing, which will
be in about eight years. The purchasers
pay the company 10 cents per tree every
six months, which pays for the growing
Of the trees. The actual cost of cultiva-
tion is about lzcents per tree a year. The
land is valued at $50 per acre and per
cent. on that is So. Mr.. Harrington, who
has active charge of the work, plans 100
trees to the acre, which is cents per
tree. He charges the actual cost. Is cents
per tree, and the interest on the land
which is three cents per tree, making 8
total Of 20 cents, per tree year, includ-
ing 2 cents held in reserve.
When the trees come into bearing, out
Of the net profits from the sale of the ap-
pies, Mr.. Harrington receives 81 for each |
tree be has grown, then be deeds the land
10 the Delaware Apple Company and
gives the purchaser one share of stock
or each tree.
Already 10000 trees have been sold, |
md it is the purpose to bring the sales up
o $50 900 trees
Mr.. Harrington is very enthusiastic over
he proposition, and it is bis ambition to
rave a company that will be as large as
he California Fruit Exchange. It is
aimed that the Apple Company's grad
ng will become the standard, aud small
II growers will be compelled to have the
ompany grade and guarantee their fruit
n order to get good prices.
1t is the idea to sell the fruitin car load
OTIS for cash and thereby solve the COM
mission question.
Mr. Harrington claims that this State
an successfully compete with the West
n the apple industry, for the freight rate
n Delaware is ten cents a Dushel against
ilty cents a bushel in the West and that
he quality Of the Delaware apple is finer
han the Western fruit. The Delaware
ruit ripens earlier than the Western
fuit, which is another advantage.
Mr. Harrington contends that the early
,nds of Delaware is the finest fruit and
rucking section in the world, situated on
he threshold of thirty-eiRht million peo-
lie. Although Sussex County has had a
-onderful boom during the past ten
ears, Mr. Harrington believes that if the
ompany meets with success, that county
ill see a still greater boom. :