Salt Lake Telegram | 1916-12-31 | Page 24 | Big Sugar Mill Assured Cache Valley; Cost of Pant $800,000

I I I I I I I DIG SUGAR MILt MILL I ASSURED CACHE VAllEY COST OF PLANT All Bonds and ani Most of I. I Sto Stock k Are Sold for Pr Project Project Pro Pro- Office in Salt Lake The West Vest Cache Sugar company capitalized at has filed articles articles arti arti- cles des of Incorporation in tho the office of or ortho tho the county clerk of Cache county at Logan The Time stock is divided into shares at a share all in one class there being no common preferred or other division of the stock The incorporators of tile the company according to the articles thus filed are F. F J. J Ki Kiesel sel Ogden J. J William Kni Knight Provo J. J A. A Hendrickson Loan Logan Logan Lo Lo- Lo- Lo gan an Will William am H. H King ICing Salt Lal Lake e John C. C Sharp Shar Salt Lake R. R A. A Moyes 1 Ogden John H. H Anderson Logan B. B Y Bensen Trenton Abraham Jorgensen Jorgensen Jor Jor- gensen Logan Lorenzo N. N Stohl Salt SaltI Lake Joseph Williams Ogden T. T H. H I Reese Benson J. J W. W Funk Richmond Rich Rich- mond Hyrum W. W Hansen Logan I Harry Bair Providence Lon J. J Haddock Haddock Had Had- dock luck Salt Lake Thero There is a large number of other stockholders stockholder's who could not be reached to sign the arti articles artitles les of oC incorporation The officers selected by the stockholders stockholders stock stock- holders are tile the following John A. A Hendrickson Logan president J. J William Knight Provo Prove vice president Lon Lou J. J haddock Haddock Salt Lake City sec sec- and the following directors F. F J. J Kiesel Ogden J. J William Knight Provo Prove William H H. King Salt Lake John 0 C Sharp Salt Lake J. J A. A Hendrickson Hendrickson Hen Hen- Logan R. R A. A Moyes 1 Ogden John H. H Anderson Logan The first important action taken by the company was yas to float a bond issue of 01 to ins insure rc the proper financing financing ing at the beginning The entire issue has already been subscribed It Is stated by the officers that al- al thought most of the stock has been sold and all the bonds subscribed that no stock salesmen have b been en employed and no promotion scheme of any character character character char char- acter ind indulged in It i is announced that this plan will be followed in selling the balance of the stock still in the treasury treasur L I IThe The purpose of the tile organization of the company j if is to purchase the plant of of the Knight Sugar company located at Raymond Alberta Canada enlarge It bring it Up lip to date and establish re-establish it at some point in western Cache Valle val vai- ley le Eight different sites siles have been of offered offered of- of fele to th the company compan and each of them has been examined by a committee committee com corn representing the lie stockholders but no decision has yet been reached It is believed that the site will be Selected se selected selected se- se early next week The plant of the Knight night Sugar company company com corn pany in Canada is one of ot the largest ever ver built in that section but has not SIn SIn- in service for several years It Iti 1 i dismantled n led aI and contracts ts TU into r rante eilIf ii l i plant will be po tr transported 1 t ts loca cation ion The iThe new which li haa already l' l been ordered il i its us s 10 to tobe be installed and and the entire plant re reconstructed constructed nd completed In n time t td operation not miot lat later r than thanS cp 1 1 of n ne 5 t year I IThe The new new m machinery necessary to enlarge the pla t to th the th pt proportion desired and arid to bring it up date Isnow is isnow isnow now being constructed constructed- in the E East st- st That the farmers of the new district are arc enthusiastically supporting the the new project is evidenced d by the fact that nearly acres of beets have been guaranteed for next season which h will be sufficient to guarantee a supply sup- sup pl ply pi pito to keep the plant running at its maximum capacity Although U the e principal place of business as stated in the articles of incorporation is Logan a branch of office of- of ice flee Is being established in S Salt lt Lake and much of the business of the company company com corn pany will be transacted here Temporarily the office I is with Ash- Ash ton-Jenkins ton Co in charge 0 of Lon J. J Haddock secretary of the sugar com corn pany Permanent offices will be se selected selected se- se and fitted up during the coming coming corning com corn ing week and it is likely that tho the secretary's secretary's sec see office will be maintained here ra rather ther than a at t Logan Officers of the company are enthusiastic enthusiastic enthusiastic over the prospects for success and especially in view of the very hearty support and operation co-operation being extended by the farmers and business businessmen men of Cache valley It is expected that tha t the plant plan t from Canada will be shipped in time to reach here as soon as the weather is I favorable for beginning construction of the factory building I