Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1916-08-18
MASON CITY ASSURED OF BEET
SUGAR FACTORY WHEN CON-
TRACTS ARE SIGNED.
FIGURES ON PAPER As
100000 INVESTMENT
City Must Furnish Traekase and Site
Purchases Farm Valued at $24,ooo-
Contracts Entered Into For Growing
Of Beets on $500 Acres-lnterurhan
Line to Spend Large Sum For Tracks.

Mason City, Aug. 1S.-The dream
of $4,000. 900 beet sugar plant for
Mason City became a reality yester-
day when the contracts drawn up by
the Representatives Of the Northern
Beet Sugar corporation OF Detroit and
a special committee from the cham
Der of commerce were signed. The
signing Of the contracts not only as
sures the plant for Mason City, but in
addition improvements aggregating
an expenditure of between sl50.000
and 100000 will be carried out here
during the next year by the Mason
City and Clear Lake railway, with
other improvements. brings the value
of the new industry up to s2,o00.oo0.
This is the way it figures out on
paper:
Cost of plant ............... $780, 900
Plant to be completed Nov. 1871
Minimum capacity ...... 10000 tons
Number Of acres in site .......S so
\ Number given by chamber....... so
Value of site ...-............S2 zoo
Cost of street railway improve
ments ......... S250.Oo0
Ran INES 10 piaHL-AdSOii NtNE civ
Clear Lake railway and Minneapo-
lis & ST. Louis railway.
Acreage subscribed for plant 5000
Acreage necessary to operate
plant A-'N""
Estimated value OF plant and
improvements ....-..... .s2,eUV,V wv
Contracts Signed.
The signing of the contracts came
as climax TO series Of conferences
that have been held here during the
past few months, and during which
time officials of the Detroit corpor-
alton have met with a special COM
mittee representing the chamber OF
commerce II was not until yester-
day that the contracts. signed by Il.
A. Douglas OF the Northern Beet
Sugar corporation, were submitted by
the executive committee OF the cham
Der Of commerce The committee
voted unanimously in favor Of sign
Ing the contracts and A. NJ. Schanke.
president of the chamber, and Floyd
Douglas, secretary. signed the con-
tracts on behalf of the chamber.
Trackase Guaranteed.
According 70 the terms OF the con-
tracts the chamber Of commerce will
give TO tho Northern Beet Sugar cor
pnration a site Of fifty acres and the
Detroit company will purchase, in ad-
dition, thirty acres Of land. Both the
Mason City & Clear Lake railway
and the Great Western have signed
contracts to construct additional track
age to the Balmat farm, which is sit
uated northwest OF the city, and sur
yeys for the tracks have been made
by engineers of both railway compan-
les during the past few weeks.
Option on Land Closed.
The board yesterday directed that
the option on the Ba'nat farm De
closed and that $4,000 be turned over
to Mr. Balmat to close the option. A
total Of 22s acres is included in the
farm and the chamber IS paying 5000
Der acre for the land. subscription
has been carried on during the past
few weeks by committees from the
chamber Of commerce and approx
mately $4,000 in notes has been sold
to business men and citizens interest
ed in the project. Officers Of the
chamber are DESTROYS Of raising the
remaining $1,000 and the s25,o0o nee
essary to close the option Will be
turned over to Mr.. Balmat.
Eighty Acre Factory Site.
Eighty acres of the Balmat farm are
to be utilized by the Northern Beet
Sugar corporation and fourteen acres
said to contain rich beds Of limestone
will probably be sold to the Lehigf
cement plant. The balance Of the
acreage will be held in trust by the
chamber Of commerce Cor q period OF
three years or till such time as the
executive committee may decide &c
dispose Of the land.