Rogue River courier. (Grants Pass, Or.) 19??-1918, 1916-06-08
DIRECTORS APPROVE
SALE or FACTORY

VI tuV VtNtth-Ntoa RHkts Nthfsssf
announces the sale OF the Grants
Pass sugar factory Of the company.
now under construction at Grants
Pass, TO the Utah-ldaho Sugar COM
pany OF Salt Lake City, This sale
was approved by the board OF
directors several days ago and was
today unanimously ratified aud conf
pleted at stockholders meeting
held for the purpose.
Alex Nibley. the secretary OF the
oregon-utah o Sugar company. has
been appointed resident manager for
the utah-Idaho Sugar company at
Grants Pass,
Mr.. Sanders states that the COM
pletiop OF this sale concludes an In
teresting chapter In the annals Of
the sugar industry controlled In Salt
Lake City. He also states that his
personal interest In tho organization
OF the sugar industry In Oregon IL
due TO the fact that for about year
and half past the people OF the
Rogue River valley have wanted n
sugar factory. and that other persons
In Oregon from time to time have
tried to interest different people In
the business. but no success resulted.
To help the Rogue river people OBJ
tain sugar factory. Mr.. Sanders per-
sonally became interested In the
movement last August and came here
last September and within few days
induced Bishop c. w. Nibley aud o,
G. Beebe. OF this city. TO assist him
In financing the factory now being
built at Grants Pass,
To carry out this purpose the
oregon-utah Sugar company was or
ganized on the ssth day Of Septem-
ber. 1915, and Mr.. Sanders became
the president. Shortly thereafter
Bishop c. w. Nlbley consented to be-
come president and Mr.. Sanders was
made vice president and general man
ager: Alex Nibley. secretary. and o,
c. Beebe. treasurer. After organiza.
tion contracts for the growing OF
beets were entered into by the farm
ers and arrangements we're then
made to obtain the necessary seed
Sufficient contracts for the growing
OF beets to insure going ahead were
obtained about the latter part .oi
December. and the company proceed
ed with the business OF financing the
construction OF a slx-hundred tor
sugar works.
The plan adopted last December
for the financing OF the company wa,
that OF issuing q five hundred thous
and dollar bond issue. which bonds
shortly thereafter were underwater
by over twenty capitalists OF Sal
Lake City. Provo. and Grants Pass
Ore. During the latter part Of Janu
ary the entire bond issue was resolt
by the underwriters to bond hous,
and the capital stock OF this compan,
was increased from one hundred
thousand dollars TO two hundred
thousand dollars and the under
writers were allowed to subscribe fol
the increased capital stock. The frs
one hundred thousand dollars capita
was subscribed by Messrs. Nibley
Sanders and Beebe.
Immediately thereafter a contrac
was let for the erection OF six hun
dred ton sugar factory at Grants Pass
Oregon. since which time the con
struction has proceeded uninterrupt
ed and factory will be completed b!
September / to handle this year.
crop. which has already been plant
ed and Is said to be In a splendlt
condition.
Mr.. Sanders says that the bushes
OF the Oregon-U Utah Sugar compan.
steadily grew from the very day o
its organization and that all OF II
undertakings met with success. Th'
only friction that arose was a con
troversy over the location Of the fac
tory. The two principal towns II
the Rogue River valley are Medfor'
and Grants Pass, and the people o
each OF these towns wanted the fac
tory located near their city. To OBJ
tain the factory at Grants Pass. Mr.
Sanders and his associates In tn,
Rogue River Public Service corpora
tion. a Grants Pass institution. guar
anteed the bond issue Of the suga
company and decided to the Oregon
Utah Sugar company a valuable fac
tory site at q nominal consideration
and subscribed for fifty thousand dol
lars Of the said issue. and Mr.. Sand
ers says that he and his immediat,
business associates are now also rails