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Show Encouraging Prospects for Factory Representative of Boston Capitalists Says Everything Looks Good--A ill Announce Intentions Soon advance. In addition to this they are securing se-curing a million dollar industry, which will enhance the value of their lands very materially, which will be a great help toward to-ward settling up and developing the Delta district, and which should make Delta a prosperous little city of 5000 population in the next 3 years, as these people will become identified with land and other developments in addition ad-dition to the factory. Yours truly, James P. Sprunt, Trustee. While we have met with a good many discouragements in procuring a factory, we believe that things, from what we can learn of the people behind this last movement, look brighter for us for a factory at the present time than they ever have before. We believe that everyone in the valley should give all the support and encouragement they can to induce these people to come in. We further believe that while "we have at times failed to give Mr. Sprunt our. entire confidence, he has been as persistant as any man could have been and done all possible to bring about the desired end by devoting both his time and money to the proposition pro-position for the past year. If Mr. Sprunt finally succeeds in putting us in a way of getting a factory with such a contract as is now offered we will certainly have to take off our hats to ira. As stated in last week's Chronicle-there was a meeting of the farmers who signed up with J. P. Sprunt for growing beets. A number of other citizens were present and they were addressed on the proposition of establishing establish-ing a sugar factory in Delta, by Judge Quinton who, accompanied accompani-ed by Mr. Sprunt and Dr. Goodwin, arrived in town from Salt Lake Thursday morning. These gentlemen were taken around over 'the valley during the day in autos and shown the country and beet fields. Judge Quinton spoke very plainly and to the point to the audience which assembled inTthe basement of the Ward Hall that evening to the number of about sixty. He stated that he had been sent here by a company of Boston men to investigate the possibilities of sugar beet growing grow-ing and the erection of a factory. Mr. Quinton stated that his people were associated with the sugar beet industry, and that their rating was up in the millions. mil-lions. He stated that their operations oper-ations in this locality, if any, would be business, from the start and once they decided to go ahead there would be no holding hold-ing back, but that things would be carried thru with, dispatch and determination. He said that the company would spend in the neighborhood of $1,000,000 here and would build a factory capable of handling hand-ling 10,000 acres of beets. His further statement was to the effect ef-fect that he would leave Salt Lake the next evening for Boston, Bos-ton, to lay the knowledge he had gleaned while here before his associates, and that after going over the matter thoroly they would decide on their course and the matter would be settled one way or the other and made known within ten days or two weeks. If these people take over ov-er the proposition they will ask for sufficient acreage to bring the total up to at least 7,500 acres, that they may be sure of sufficient beets for the factory." And they are putting up a contract con-tract which is certainly liberal. They asked for the stock agreement agree-ment to be returned, and in., consideration con-sideration for this they advance the price for beets 50 cents per ton. This change is equivalent to an advance of $35 per acre in cash over $7 per acre in factory stock. Following, .is .an .appendix which will be attached to the contract in lieu of the stock shares: "In consideration of the surrender surren-der of stock agreement issued with this contract we agree to pay in addition to the contract price stated herein an additional Fifty (50) cents per ton for sugar beets. We further agree to pay as mih per ton for sugar beets during the life of this contract as any Beet Sugar Company in the state of Utah. James P. Sprunt. Trustee." The Judge explained the reason reas-on for calling in the stock contracts con-tracts as being that the company would not issue stock in less than ten-dollar units. You will also notice the wording word-ing of the last two lines of the appendix. The company agrees to pay the grower $5.75 per ton for his beets on a seven-year contract con-tract and further agrees that if any company in Utah advances the price beyond this they will meet that price'. What more could one ask for? Who would not be willing to exert much effort ef-fort to induce a company allowing allow-ing the grower such a liberal contract con-tract to locate here? The grower grow-er is protected for seven years from any decline in price and guaranteed the highest price the market affords. During his talk to the citizens' of this valley Judge Quinton stated that when he met his associates as-sociates in Boston, his report' of the observations he had made while here would be very favorable favor-able and that if they did not take favorable action on the matter it would be on account of other matters than his report. ' , He said that in all his travels he had never found such a large territory of land so favororably adapted to the culture of sugar bees, nor had he ever viewed a moje promising field for the operation of a sugar beet factory. Mr. Quinton as stated said that while the company which he represented rep-resented would require at least 7,500 acres of beets on which' to operate, it was an impossibility" tor him to take this number of acres back to them as an inducement induce-ment for them to come into this field, but as a matter of showing them that the people of the "Greater Delta" country were with them and would advocate and work with them to secure this acreage, he asked that those who felt inclined sign the following fol-lowing resolution: (Everyone present put his name to it.) "WHEREAS, it having been represented to us that financiers are ready and willing to furnish the capital for the erection of a sugar factory at Delta, provided that sufficient acreage for the growing of beets is secured to snpport a 1000 ton factory, and that assurance of the co-operation of the farmers of Delta and vicinity, hereby pledge our hearty hear-ty support to the enterprise and will assist with all our ability to secure an. additional acreage which, in addition to that already alrea-dy signed up. will amount to ten thousand acres. We know it can be secured, and will be, if the financial people peo-ple interested, will indicate their intention to build the factory if such acreage is furnished." The following letter from Mr. Sprunt to Mr. Aller, we think is worth reproducing here: Dear Aller: Enclosed is a copy of telegram received this morning from Judge Quinton, also herewith you will find copy of agreements to be given farmers in exchange for the stock agreements which they now hold. Please hurry the surrender of these as the Judge will soon be in Boston and will be wiring us about it, as the Bankers want this done immediately. It certainly looks good, and if we secure the required acreage and get these stock agreements back and do it promptly the bankers will furnish the money. They work fast and it is up to us to get it in shape for them quickly quick-ly so there will be no "hitch". If any of your farmer friends object ob-ject to signing up for seven years, please call their attention to the fact that the Company Com-pany agrees to pay as much for beets at any time as any other beet sugar factory in Utah and on a guaranteed basis of 50 cents a ton more than former contract prices, there fore they are protected against any decline m prices for seven years and will be given the advantage of any |
