Show MAY FilE SUIT AGAINST ST STATE A IE Idaho Sugar Company De Demands Demands Demands mands Payment of Bounty Guaranteed by State Law REPORTS LOSS FOR YEAR DIVIDENDS DISCONTINUED FOR FORTHE FORTHE FORTHE THE PRESENT Because the state of Idaho has re refused refused refused fused to pay its promised bounty to the Idaho Sugar company suit will most likely be brought against the state in inthe inthe inthe the attempt to this money This action was practically decided upon at atthe atthe atthe the annual meeting of the company in Salt Sal t Lake Friday afternoon The amount of money involved Is The board of directors of the company stated that this step would be taken with reluctance but that the company had manufactured sugar in conformity with the state law and that the money should be paid The position taken by bythe bythe bythe the state officials is that the law is un unconstitutional unconstitutional unconstitutional constitutional and the suit that will be brought w will ill be for the purpose of test testing testing testing ing the statute General Manager Thomas R Cutler made his report in which he set forth the difficulties through which the com company company company pany passed during the last year on account of the blight that had visited Idaho He stated that the shortage of water and the blight had been severest in the vicinity of Blackfoot and that this factory had been kept running at ata ata ata a considerable loss The report showed that the two fac factories factories factories tories at Sugar City and Idaho Falls had paid the farmers for beets for labor and material for maintenance and repairs and for taxes making a total expenditure of Mr Cutler explained that this sum does not include the general expenses of the company interest on money borrowed bor borrowed borrowed rowed etc and is also exclusive of beets bought labor material etc at the Blackfoot agency Discontinues s Dividend Dividends were ordered discontinued d for the present pes nt owing to the unsatisfactory unsatisfactory unsatisfactory factory showing for last year The outlook for the coming season Manager Cutler stated is promising About acres of beets have already been contracted for in the vicinity of the three factories and the acreage is ison ison ison on the increase The old board of directors was re rp reelected reelected elected with the exception of Soren Hanson who is unable to devote hH his hj time to the interests ts of the company The board now consists of Joseph F FSmith FSmith FSmith Smith John R Winder Vinder Thomas R Cutler W W S McCornick John Henry Smith Heber J T Grant John C Cutler Cutler George C Parkinson George Romney |