The central record. (Lancaster, Ky.) 18??-current, 1911-09-22
A new AND MUCH NEEDED ENTERPRISE
To Be Established In Lancaster By One
OF Our Successful Business Men.


Mr.. Henly V. Basin is organizing a
stock company for the purpose of es-
tablishing an ice plant in Lancaster.
The plant is to be placed on the prop
erty now occupied by the Creamery,
and the water for the manufacture of
the ice can be obtained in amply suf-
ficie mt quantities, according to Mr..
Basin, from the old Herring spring,
which adjoins the property in view.
Mr.. Bastin's idea is to incorporate
for the sum of SIS, 900. Of this amount
SIS, 600 is to be common stock which
Mr.. Basin takes in return for the
Creamery property, the land surround
ing it and two acres more land upon
which the above named spring is situa-
ted; the remaining $4,000 is to be
preferred stock and is to be placed
upon the market at par value of
500. per share, several shares already
having been disposed of at the market
price. No profit is to accrue to this
common stock until the preferred stock
is upon a basis where it will net a
dividend of z per cent annually, in
other words, Mr.. Basin does not stand
to reap any profit from his enterprise
until after the corporation having paid
taxes & C, his preferred stockholders
are drawing an annual dividend of 7
per cent.
Mr.. Basin says that with the latest
improved machinery it does not re-
quire near so much water for the
manufacture of ice as has heretofore
been necessary with the old style
machinery, and that the spring which
he proposes to utilize will furnish an
ample supply of water the year round
to keep the ice plant in operation. Mr..
Basin proposes to erect plant with
capacity of 10 tons of ice per day,
and in addition to this he proposes to
operate an ice cream factory in con-
junction with the ice plant with a
capacity of 200 gallons of cream daily.
An ice plant has been long felt
want in Lancaster, and it is greatly to
the credit of Mr. Basin that he has
taken the initial steps toward the err
ection of one. The surplus of an ice
plant at this place would find ready
sale, as the ice plants in this section
of the state have been unequal to the
task of supplying this as well as other
communities with sufficient amount
of ice during the heated season, the
scarcity at times amounting to almost
a famine.
The success of the enterprise is as
sured almost from the start. Mr..
Basin has upon several occasions proven
his aptitude for just such enterprises
as this one; in the first place he is
thoroughly acquainted with all classes
of modern machinery, had made them
study; he took the Lancaster Cream
cry when it was shut down, because it
was said not to be paying PROPOSE
ton, placed it in running order and
made success of it, as many farmers
of the county will bear witness. To
this he has added a modern ice cream
factory, supplying the soda founts of
Lancaster and the entire town and
county with all the cream used during
the year, besides shipping his cream to
many Kentucky towns and establish
ing for it an enviable reputation, so
that he has now reached the point that
he is unable to supply the demand.
We believe that Mr.. Basin will be
equally as successful with an ice plant
as he has been with the creamery and
ice cream factory, and that he will
succeed in solving the theory of sup
plying Lancaster with bountiful sup
ply of pure ice, and at the same time
reap a nice profit for himself and his
associates in the proposed enterprise.