The Julesburg grit-advocate., 1922-03-09
SUGAR COMPANY
ANNOUNCES IT'S
FINAL TERMS
Continued from first paee)

same time given to the press for pub
iication, in order that growers might
have an opportunity to study it-pro-
vided for an initial payment of $3.50
per ton on delivery Of beets, and ad-
ditional payments dependent upon the
act price realized from the sale of
the sugar and upon the percentage OF
sugar contained in the beets.
THE proposed sliding scale of the
prices represented a sincere desire on
the part of the Company to offer to its
,.o"ers the maximum payment posi-
ole under existing conditions. We
clearly recognize that these conditions
are unusual and not altogether salts
factory, both from the standpoint of
he grower and the manufacturer, and
that the utmost cooperation on the
part OF both groups IS necessary to
enable the industry to pass through
the present rather critical period.
'In order that we might be as fully
informed as possible of all related
conditions, we invited to a conference
at this office on February 18th repre-
sentatives of various lines of business
in the factory territories, to get their
views as to the whole situation. From
the expressions Of those present at
this conference. it was apparent that
the proposal to pay at the rate OF
S4.5O at time of delivery constituted
che most serious objection to the
schedule which had been offered.
1--WE believe it has been generally
accepted as sound that in offering a
contract providing for the growers
participation in increased market
prices, the Company should in fairness
guarantee minimum price somewhat
lower than under a flat rate basis OF
payment. No serious objection has
peen offered to this as matter OF
principle. We fully realize, however,
that the matter of financing the beet
crop is vital factor in obtaining
satisfactory acreage; and because OF
the rather straitened financia! sltua-
tion. we have concluded to modify our
original proposal by offering to pay
a. 90 per ton, at time beets are deliV-
erred. as a guaranteed price under the
sliding scale, further payments 10 oe
made in accordance with provisions u
the original proposal.
"This change was submitted March
9Th to a meeting of delegates repre-
senting The Mountain States Beet
Growers Association. The sugar mar
ket situation has visibly improved
within the last few weeks, and the
Company is hopeful that it may be en-
abled to sell the product OF the beets
grown in 1929 at price which VIII
warrant additional payments under
the contract.
"Ihe new contract represents the
verv best the Company feels able TO
offer for the coming season, and we
earnestly hope that our growers may
see their way clear to furnish sui
ficient acreage to justify the opera
ton of all of the Company's factories.
We have a deep sense Of our respon-
sibility in the matter, particularly un-
der prevailing conditions, response
bility WHICH we believe rests equally
upon all parties involved. While the
Company has lost heavily in its opera
tions the past two seasons we feel that
the worst has passed, and that the IN
dustry will continue to be an import
ant factor in the prosperity of the
districts in which it is located.
"Beet contracts embodying the
schedule of prices formerly proposed,
with an initial payment of $500 per
ton. are now being printed, and will be
in the hands of our fieldmen within