The Churchill county standard. (Fallon, Nev.) 1908-1920, 1913-09-17
RECE|vERSHIP BEING SOUGHT
Nevada Sugar Company Will
Seek Rehabiliment Through
New Move.

Negotiations practically complct-
ed between outside financial inter-
ests and the stockholders, bondhold-
ers and creditors OF The Nevada Sug-
ar Company will mfrk ar epoch in
the affairs of the Fallon factory. BY
the same token the completion of the
transaction will mean that soldari-
ty and needed finrnce for the fur
theranco of the factory plans will be
at hand. Stated transverseiy, the
factory managcment found cam
paign near at hand when numerous
exactions would be made and a de-
pleted exehecquer denying these de-
oftn in the early history of large
manufacturing enterprises. With
the beet harvest but month ewsy,
Mr.. |. H. Kent, who this season en-
tered managerial role for the sugar
company, packed up his grip and left
for the east to confer with the ma
| jority stockholders, Messrs. r. G.
Bialey and c. r. Hawley and associ-
ates, only to find these gentlemen
willing but unable to euccor the To-
cal enterprise.
The plan evolved by Mr.. Kent is
an unique one, but not unusual. 1t
concerns the filing of friendly suit
by the company, the appointing of
temporary receiver, who will guard
the interests of all parties through
out the approaching campaign, and
who will, when the campaign has
about to be ssumedsinvolying a suf-
ficient sum of money to tide affairs
over, has been discharged, be releas-
ed from his position by the court,
and the most profitable campaign in
the local factory's history will have
been enjoyed. We say the most
profitable, because awaiting the hus-
bandmen in this valley ere many
fields of excellent sugar bcets, which
converted into commercial sugar will
rturn to the factory and the growers
alike their dues, and upon being mar
keted will return to the financial
/ sponsors their money advances
advances that are to be made and un-
der conditions that amply exemplify
the greatest good to the greatest
number" policy. II will be remem-
bered that the Fallon factory made
honest sugar at locs for two seas
ons, through the inability of the
management to secure sufficiently
. large production of beets within Me-
vada for profitable campaigns. The
growers were paid in full, even
though the company suffered losses
which have heretofore been the rule.
With two annual deficits established
as precedents, the factory manage
ment has found travel along the fl
nancial road during the present
season hard to negotiate. The
| Iif louS dDoui 10 re IifohSu dpptt,
Is the only alternative.
In the perspective the present seas
on presents campaign that will be
the first to return TO the factory de-
cent profit. This profit will, when
obtained, place the factory in po-
sition where it can ecsily negotiate
further difficulties as they are pres
ented. In short, with the product
of the Lahontan valley beet fields in
the warerooms, the factory manage
ment will be able to brea tn easily for
the first time and pursue further the
task of making of the Fallon factory
one of the Vests great sugar manu-
featuring enterprises. What this
means to Fallon and the state of Ne
vada is quite apparent to the most
cursory observer. When the Neva-
da Sugar Company directorate met
Friday and decided to sanction the
move, it probably departed from
high financial practices, but co-inci-
IDENTIFY, 1t acted honestly and adopted
the only means at hand that will al.
low fair, square dealings with all
parties concerned.