The Churchill county standard. (Fallon, Nev.) 1908-1920, 1916-05-17

beetS to make SucceSSful CAM
paign. So we are here tonight to
tell you the whole facts. If you want
this proposition to go you must get
in and raise the beets. We are go
| ing to make it as attractive as we
/ can but If ii were a modern mill and
the people experts in the business
with $10,000,000 in the bank to fl
nance 1t, it wouldn't be worth a con-
tinental without the beets. The sue
cess of the factory will depend en-
tirely upon the farming community
around here, the people who pro-
duce the beets. We know what we
have done with ten other factories
and what we expect to do with this
one. We know that we can make
the sugar; we know that we can get
ing point which is the beet PROPOSE
ton. Now Mr.. Austin is better ac-
quainted with this condition. He has
been over here and made reports on
this locality He knows more about
sugar beets than ] expect to know in
my whole life. We have organized,
as say the Nevada-Utah Sugar COM
pany, and we expect before we pay a
farmer for one dollars worth of
beets to invest in the neighborhood
of 100000 in the way of repairs,
in the way of getting seed and mod
ern implements. We are taking
chances to that extent. But before
we expend all of that money-we
have spent considerable amount of
/ it already-before we expend that
amount of money We are going to
have contracts from you people that
/ you will grow Us 5000 ~cres of
beets. We want to maxi this
success. not a one-year proposition
but a proposition that will take care
of the factory for at least four years.
Now If we get four year contracts
for The 5000 acres of beets, we will
rely on you and have confidence that
you will stand back of these con-
tracts and we will go ahead and
make good sugar and make as cheap
sugar as we can, and put Nevada on
the map as a sugar-making state. 1t
is not a pleasing thing TO speak of
Fallon as the place that tried to run
factory one or two years. 1t does
you more harm than If the factory
had never been built. But the fac
tory is here and we want to help to
make it success. The old company
has gone by the way side and the old
stockholders | guess have kissed
their stock good bye and charged ii
up to experience like we do in Utah
when we invest in Nevada mining
stock. But we don't propose to have
| you do that; we thought of you
when we were arranging with Mr.
Oxtoby and Mr.. Duffy in Salt Lake
some lime ago We were looking
out for you just as they were look
ing out for the friends back in Mich
igan. because ii is Nevada people
who will get stock and bonds in the
new company and we are back of
those bonds now with our reputa-
tion and our experience. We were
told by Mr.. Oxtoby that $4,000,
had been put in. in cash by the peo-
| pie of Fallon as an inducement to
get this factory in the first place
| SO we worked out a scheme whereby
| If the farmers stand back of us the
stockholders will get their original
investments back. We argued with
Mr.. Oxtoby that we should have
something in the neighborhood of
| $4,000 10 $4,000 worth of stock
that we could turn over the original
subscribers, if this thing was a sue
cess; $4,000 was all that we could
get out of it, and | have in my pos
session in Salt Lake City $4,000
worth of shares in the Nevada-Utah
Sugar company that is to be trans
ferred to any person that we wish to
transfer it to as % per cent of that
$500 due your people. We could
transfer it tonight but it isn't worth
anything. Our proposition to you
people is that if you grow us 40,-
600 tons of beets on your 5000
acres, at the end of the 1917 cam
paign we propose to distribute this
stock pro rata to your people who
are the original stockholders in the
company, as 25 per cent of your in
vestment. Now to take care of you
further we propose, If you will get
us 10000 tons of beets the second
year, we will give you $4,000 in
cash pro rata 10 your people who
we're the original investors. and so
On $4,000 in 1919 and $4,000 in
1920, If we get the 10000 tons. So
hat you people will not only get
back all of your original investment
hut in addition to this you are get
ting a good price for your beets;
YOU are increasing the value of the
and. and you need not sell your
Grain. horses. sheep to pay your
axes and get your children going in
chool. The question was asked:
What are the other farmers to get?