Monte Vista journal and Monte Vista graphic-reporter., 1924-07-04
COMPANY PLANS ERECTION
OF CANNING FACTORY HERE

judge. is the financial director OF
the company. He will be in Monte
Vista next week and is expected to
remain here for some time getting
detail plans worked out. He Ia
giving his entire time to this work.
Mr.. l.. A. Sears is the company gen.
eral field manager and he will also
come to Monte Vista in the near
future. Walter Z. White is the
president of the company. He is a
native of Colorado and has been in
the canning business a number OF
years. He is at present director of
the National Gamers Association,
who have their headquarters in
Washington, d. c. One or more ad-
ditional directors will be selected
from the Monte Vista district to act
on the board.
The Colorado Wyoming Canning
Company will build two factories in
the west this year. the one at Monte
Vista and the other at Wheatiaaa.
Wyoming. These plants will b.
built on the same plan and with the
same capacity.
The establishment Of . canning
factory In Monte Vista will mean
employment for . large number Of
people. II will increase our popula-
tion and will assure growers .
fixed price for their erops. thus
eliminating uncertainty - to mar.
ket. II will give the town prestige
and will bring added wealth to tho
community. The growing OF peas
10 particularly adapted to this Sec
tioa Of the valley. These experienc-
ed In the Industry declare the grow.
or can realise slss pr acre a.
nuaily and with other products
canned by the factory will Increase
our yearly income at least $500 900.
This means 4 half million dollars OF
new money from different sections
OF the United States to be distri-
buted to growers and wage earners
In Monte Vista and vicinity.
In addition to these benefits
Monte Vista and the San Luis val
ley will receive unlimited advertis-
Ing over the entire United States
through the vegetables packed and
branded here. Already the valley
is widely known for It's production
OF an unusually fine quality OF
green vegetables and especially peas
and In the establishment of this fac
tory here the company is bringing
to the valley an unusual oppor-
tunity for the development OF n new
and profitable industry. We need
this enterprise and the active and
Jealous cooperation OF our citizens
with this company Will bring about
an early consummation OF the build
ing program. The company gives
assurance that this program VIII be
under way Just as soon as Monte
Vista people give evidence OF doing
their part.
The Wyoming CanninA
Co. do not ask us to donate n site
or buy stock In the corporation.
contrary to the methods usually
employed by new enterprises,
whereby stock is sold. They ars
only asking the people OF this COM
munity to loan them part OF tho
money TO apply on the building and
cquipping the factory. and are issu-
Ing for that loan. Gold Notes In de-
nominations OF $4,000 each. bear
Ing interest nj the rate OF 8 per
cent per annum. These notes ara
secured by First Deed OF Trust on
the property Of the Cooperation.
and are = first mortgage gold bond.
Payment Of principal and interest is
secured by sinking fund derived
from . fixed amount. Deposited IN
the Wallace State Bank. on eacA
case Of canned goods sold. One Of
the local banks will also act 40
trustee.
In addition 10 the foregoing and
~ an evidence Of appreciation and
fair dealings. tho Colorado -wyom.
Ing Canning Company are giving
away ns n bonus ono share Of tho
common stock with each gold notr.
When tho notes have been repaid
the common stock holders will own
the Canning Factories Of tho COM
pany. and participate IN all the
earnings thereafter. The stock ID