The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-11-16
CANNING PLANT
FORNEXTYEAR
NOW PROBABLE
Caldwell Citizens Con-
tract With Payette
Concern to Put Idaho
Corn on Market

Contracts between a Caldwell citi-
zens' committee and l.. V. Patch and
w. A. Coughanour OF Payette, princi-
pal stockholders in the Idaho Canning
company of Payette, late Wednesday
afternoon which can bring corn and
tomato canning factory to Caldwell.
ready for business in time to handle
the 1924 crop.
Under the contract terms, citizens
of Caldwell will be asked to provide
$4,000 in cash for which stock in a
new corporation will be issued to that
value and to obtain contracts from
producers to insure 800 acres of corn
for the factory the first year Capital
stock to the value of $4,000 will be
issued. $4,000 going to the Payettc
stockholders in lieu of $1,000 of ma
chinery to be added to the local plant
and the remainder for their good will.
trade marks, brands. marketing facil
tiles. manufacturing and selling orga
nizations' Stock issued locally may
be eight per cent cumulative preferred,
il local citizens desire.
Only Plant in West
This Caldwell factory, built. will
be the only canning concern west OF
the corn belt to be engaged in this
business. While corn has been canned
at Payette for the past two years. that
plant was not designed for this crop
and the maximum acreage obtainable
there has been reached. Tomatoes
will also be canned locally but no at
tempt will be made at first to enlarge
the scope of the plants pack.
About 10 weeks will be required
70 pack a corn crop OF 300 to 1000
acres. the plant being bull; to handle
at least 1000 acres OF corn. Roughly.
$50 persons are employed for corn and
tomato canning in a plant of this type.
Expansion of the Payette concern
is necessary according to Mr.. Patch
because OF the limited territory con-
tiquous TO that town and the fact that
the maximum acreage obtainable there
had been reached unless the company
itself should rent farm property and
devote it exclusively to corn produc-
ton. That there is an unlimited mar
ket in the west for canned corn is the
declaration of Mr.. Patch. Favorable
freight rates make it possible to mar
ket the stuff here at good prices.
Will Help Producers
From the farmers standpoint,
corn canning factory is desirable IN
the extreme. local business men be-
Eeve. Freight differentials make IT
possible for the canning concern to
paw for corn delivered at the factory
about 81 more per ton that Iowa can
neries pay. On this basis. corn alone
will bring a return of about $50 per
acre to the producer and leave him
!, oossession OF the fodder with a
v;eId of six to eight tons per acre
and a high value for feeding. swec'
corn stalks, il seems. arc more sats'
factory for silage than field corn be-
cause of the high sugar content osee
as stover for feed. it is entirely con
sumed .bv all classes of livestock. To
tai gross returns per acre from 'n''
class of cropping should average a
least SIS per acre. it is said
The complete agreement reache'
with Payette representatives Wednes
day reads;
"This Agreement. made Novemoe
"A 1923 between Idaho Canning Com
pany. a corporation, with its principa
olaee of business at Payette. Idaho
.c,;ng through and by its officers l.
" Patch. f. M. Moss and w. a
Coughznor. as first party, and Adel
HYDE. I. NJ. Mccarthy. Presley :
Horn. !. b. Gowen, NJ. d. Riner, +
NJ Cole and J. II. Cipson. as com
m;,,ee representing the citizens o
Caldwell. Idaho. as second parties;
"Witncsseth: That said first part
hereby agrees to establish and opera,
canning factory in the city OF Caid
we'll idaho for the packing and can
ming of corn and tomatoes iose'he
with such other vegetables and sue
fruits as may be decided upon; sa'
factory 10 be OF sufficient sire an
capacity to handle and can the cor
grown on at ioasi one thousand acre
al land within an annual canning sea
-. az ten weeks. Said first part