Saturday news. (Watertown, S.D.) 19??-19??, 1915-09-23
Terms Very Reasonable.
we'll known gentlemen:
F. S. Lawrence.
J.. r. Michaels.
j. j. Purcell.
j. C. Stein.

y. y. L uiCSll.
J. C. Stein.
Philip Lawrence.
The last-named gentleman resides
at Huron and is we'll and favorably
known throughout the state.
The authorized capital is n mil,
lion dollars, to be issued in shares OF
ten dollars each.
The state commission which author
ICES the issuance Of stock in this
state under what is known as the
blue sky" law has recently passed
upon the company's application to be
| permitted to sell stock in South Da'
kota and has given the authorization,
so that the officers are o prepared
to proceed under the plans formulat
ed at the recent stockholders meet
ing.
The aims and objects of the South
Dakota Packing and Shipping com
pany are stated in its prospectus, the
following paragraphs of which are
herewith reproduced:
THE object Of this company is tC
engage in the general packing house
business, to prepare for market beef
pork, mutton and other animal pro
ducts. 1t is our purpose to fully equiv
the present plant, construct addition
al yards and facilities for shippine
stock either alive or dressed to Sc
lected markets. Particular attention
will also be given to the problems
confronting every stock raising com
munity in the country, namely: the
securing of adequate markets by pro
viding sidings and yards suitable fol
sorting, grading and shipping stool
not required for immediate use by The
plant.
"The company also intends to con
struct branch yards, with scales anC
loading facilities, at suitable points
not now supplied, where the com
pany's buyer can meet stock raisers
on certain regularly designated dates
to receive whatever stock is Offered
for the market and to ship it to Qua
central yards at the Waterfowl
plant.
"Our plans will be carried forward
as soon as new capital becomes avail
able, but no extensions Of the bust
ness will be undertaken until ample
funds are on hand for the purpose.
I'VE take yer the complete plant
lands and equipment of the Water
town Packing Company plant, togeth
er with notes and book accounts O
NEARLY six thousand dollars. For thi.
plant and assets we pay twenty-five
Thousand two hundred dollars in thu
stock OF the new company, and as
sumo liabilities Of fifteen thousan,
five hundred and eighty-nine dollars
Thirteen thousand dollars of thes
liabilities are distributed over tire
years. The plant is well worth tn
money paid and we are enabled t
make a much earlier start in actua
Operation than would be possible Wer
we to be compelled to build ever
thing from the start With the in
provements and alterations which W
propose to make, the present plaT
will have a capacity Of approximate
twenty-five thousand hogs annual;
Whatever beef is required for LOCI
trade and for shipment in cold sto
age cars can also be handled by I
with the little change in the presel
plant
The officers, therefore, intend
! keep we'll within conservative line
holding that funds should be proyi
I ed to meet all the needs Of develo
I emnt and the enlargement Of t
9 business.
II is expected that the selling
i stock will be pushed with energy
order that the arrangements for ope
9 ing up for business may be CARR
\ out in the neal future.