Arizona republican., 1913-11-13
B|G PROFITS
 IN OSTRICHES
An Industrial Review of the Misunderstanding Busi- ness in California-Pros- poets for Early, Greater Demand for Fumes
GndllstriaI Review

t The past year has been marked by 1 the creation of more ostrich farms l and feather factories in California. l These factories thrive in San Fran l cisco, Pasadena, Los Angeles and l San Diego, while every little ostrich | farm exhibit located in most of the l twons of California has it's operat- i ors in the manufacture of ostrich 1 feathers. Reports from the different l ostrich feather factories indicate a l great rush of business, one in Los [ Angeles employing twenty people, not being able to keep up with the orders it receives, not only from To- calities in California, but from the l distant east. Another concern at Pasadena employs a hundred women 1 in the manufacturing department. ] This is indeed comforting, for the 1 reason that for the past two years i ostrich feathers have not been fash l ionabIe in the millinery world as ] formerly. Time was when the trade resulted in immense profits and i gratified the hearts of hundreds of ! stockholders, who were comforted for years with thirty per cent dividends per annum. To verify the statement here made. for the benefit of attor neys and exact men of business, who
 
 1 statements. we submit the annual dividends quoted and paid by one of these companies:
 The year ending December, 1906, $51,42L1O.
 The year ending December, 1907. $111,19 32
 The year ending December 1908, $S3,31138.
 The year ending December 19o9' $93, ,722.36.
 The six months ending June, 1910. $49,12S.S1.
 And this is not all. The value of the farm went up from $l5,Ooo III 1898 to $925,00O in 1910. In the vul- gar parlance of the street, this is going some"
 For this last statement we have also the written report of the auditor n chartered accountant: And rom 2 nracticaI examination of the Varl- ous properties of the company eS- innate that they are worth fully nine hundred and twenty-five thou sand dollars, taking into consldera- ton the increase in the value oi fedl estate''
 Such gratifying results, however have been subsequently, affected pA the decrease in the demand for os-
 
 who drives the women on with al most unbelievable audacity ana ranacitv. has ordered the wearing of o-her articles of adornment, ribbons, land so forth, aigrettes made or horse hair. hence the demand Tor os trich feathers during the past two years has fallen off, so that some oI the companies engaged in the pusi- ness have, instead of declaring lux urious dividends, called assessments much to the astonishment oi the hitherto delighted StockhoioeiS. S. S,rong men have grit their teeth and ,vornen have exercised their lachlN ' nose glands. but the companies nave oreat hopes that the affliction is but transient; and. as bankers of na- tional reputation are now interested in the business and control most or inc ostrich farms in California, it 1ooks as if the trade will be able to weather the temporary afflcuoh u which it has been subjected. Should the demand for ostrich feathers pE fashion return. and this is indicated t. renOrts in the great millinery trade publications of Paris and Lon don then fortunes will be made DN the California ostrich farmers, ana the unhappy stockholders will once l more take netlII anu ItJpioS' Aci Ni4o profits in this industry are enormous.
 No account of the California oS- trich feather industry is complete without reference to it's illustrlous founder. Edwin Cawston, who Tor thirteen years exercised almost ma ternaI care of his imported flock ot i African ostriches until they multl- piled to such an extent that he felt the time had arrived to inform the | American people of the value and importance of this new Calltornla product The patriotic women of the ] United States responded in no in significant manner, the result where of was q financial reward for this ] English ostrich martyr for his in | defatigable services and fidelity to the interests of this new and profit able article of American commerce. | His interests in this direction are now assigned to an aggregation of capable California financiers, who will carry the burden of responsibil- ity of this excellent endowment to the full success to which it is en- titled
 While leading bankers and finan- ciers of California have now control