| Show clr arthur and lie the sugar sumar industry meeting mr stayner on the northbound train a few days ago a reporter held a conversation with him on the subject of the sugar industry and the following information is the result re reporter ter your friends are i some somewhat eor at exercised on hearing that you are tire not now actively engaged with the utah sugar company and that you have transferred your labor labo to the eastern states have you anything thing to say about this mr air ang 8 my friends manifest a mistaken kindness in their anxiety in this regard because the fact is that ma my work as promoter of the enterprise ended just as soon as the company was organized and the contract with the Dyers was sif signed tied the D dyers vers became responsible e for the erection of a perfect factory of certain daily capacity and sugar making power and the company became responsible for the money to pay for it As the dyers had to furnish the plans and specifications for the buildings an and had bad to be personally present to supervise their construction and were responsible for the erection of a perfect plant and as part of their contract were to furnish the skilled labor necessary to run the factory and make the sugar there was nothing left to be done but to get the belts betts necessary to make the sugar from and this part of the work there were many men here competent to perform reporter do you object to state tate what you are doing down east mr S no not in the least I 1 am carry carrying ig out a pla plan a which has been growing in in in my m mind i ind for some time cased based upon ake the correct finan finati cial principle that if you can find a profitable table business hus insa that is extensive enough to utilize a large amount of capital it is pou possible ibIe and it is good finan ciering to do it to take out light dividends say 10 or 12 per cent and let the remainder of the profits accumulate as capital and as the sugar cor of the united states costa costs in round numbers one hundred million dollars a year and it requires at the present per capita consumption one factory to each one hundred thousand persons dersons there is room for at least E five ve hundred and fifty factories to supply the sugar used it appeared to me that there is is room enough an and opportune opp opportunity ty enough to float a g good many companies banies based on this principle which all business men concede beede neede is is corr correct L the he only question is will the probable profits of the business warrant the unde undertaking r jn in reply I 1 say may that the wise and good statesmanship mani tested in the action of the last congress makes this possible and the result will be that by the time the bounty expires in 1905 the united states will be in a fair way to supply themselves the one hundred to one hundred and fifty million dollars of sugar they now or would have to then buy abroad reporter will not sugar command less price in in the eastern states state than in utah where it ie is protected by one ono cent a pound transportation mr S certainly it will but where coal costs only 75 cents a ton and labor one dollar to one dollar and a quarter a day and beets three and a half to four dollars a ton sugar can be made much cheaper than here enough cheaper to cover the difference in cost of transportation reporter what do you expect will be the result of your cumulative factory idea mr SI S I 1 can see the way clear with capital enough to 0 o build one and a half factories to have four teen factories in seven years by energy and careful management and with ordinarily favorable conditions dit ions reporter do you object to to baalu state what caused you take hold old of this ibis sugar industry y mr sno twelve years ago 1 was a farmer raising wheat and I 1 found that the price of wheat was falling all the time and the farmers had bad no control over the price of their product they were raisina raising more wheat than the territory needed and consequently had bad to export to get the wheat off their hands bands to reach the nearest market outside of utah cost them 24 cents a bushel and the result was that their whole crop fell to the price of wheat in the foreign mar trice ket et less leas the 24 cents for freight I 1 looked around for some profitable product which the farmers could raise instead of raising wheat at a comparative loss to pay it and be came smitten with the idea what an advantage it would be if we could make our sugar the business had bad a terrible black eye because the opinion prevailed that our soil was too alkaline to produce sugar but by the aid of the new develop developments constantly being made in this industry abroad I 1 was soon able to demonstrate that this adverse opinion was wait a libel on the territory and that well grained sugar could be produced here the advantages that would accrue to the territory from the inauguration of the industry grew in in my estimation to an ext extent ent that 1 thought it well worthy of the attention of stat statesmen camen and of the financiers of our territory oryl and recognizing that amongst the leading men mr air cannon stood preeminent I 1 labored as a statesman assiduously to reach his ear on the matter and with eminent success mr cannon as I 1 had bad reason to expect he be would grasped the condi lions and advant advantages ies and the industry has met with his warm and determined support re reporter arter how do you estimate the advantages ar advantages vantages of the industry to the territory mr sin S 8 in the fint place we spend a million dollars a is year for sugar that amount for circulation in the territory is a great advantage in the second place that amount can be earned at a profit for instance a factory of f the capacity of the one now being being erected can work up the pro duct of three thousand acrea acres of beets these acres if planted to wheat would produce not to exceed 15 per acre or that means that the farmers plant planting in the wheat would on supply ply to ehg the e avenues and cli channels annela of of business as the result of their la bore bors on that many acres whereas the same acres planted to beets beef would produce at least five times as its much money or which the he farmers raising them would supply to the circulating medium of the territory the millers would buy the wheat and perhaps double its value so that the gross amount amont of good to the territory would be as the result of the wheat the factory would buy the beets and make of augir out of them BO so that the ter ril ry would be richer by because of the inauguration of this one fac factory tiry and in addition to this while the bounty lasts the govern ment will pay enough money for doing it to make the advantage to the territory at least and as it will require two factories to supply utah with augar it will advantage the territory a million dollars a year over and above the raising of wheat at a comparative losa loss will raise beets at a ble profit and the factory stock holders will make a reasonable profit on their investment the I 1 improved in r oved financial condition of the farmers and the increased demand for labor are very important factors in the view of statesmen and are worthy of note Re reporter Dorter have you any soy tin uneasiness about the dyers fulfilling fulfilling ful fillin 9 their portion of the contract upon which so much depends mr 8 not an iota I 1 have every confidence in their ability to perform what they have claimed and I 1 hold the territory very for fon dunate in having secured their ser vices for we must have gone outside the united states to have obtained they are working with integrity and throwing their whole energy and interest into this factory and have themselves so much at stake in it that they cannot afford such edill as they possess to be inferior bior in in any one particular reporter do you see any reason for forytar far of failure to realise nealise what you have claimed for the enterprise mr sno S 8 no A large acre acreage e of beets has been planted and I 1 saw that they ate looking first filat rate when I 1 went amongst them this week I 1 was through some beet fields in california last week they are a little further advanced than ours but look no better in proportion the management is in good hands bands the machinery is nearly all on the ground and much of it in place fifty men are working on it and there is is every prospect that by the to the everk of september the whole thing will be ready to at start arl t up with a polka polite invitation from mr stayner to visit the factory after it is running and see the beets going into one end of the bouse house and wh white t sugar coming out at the other tha the conversation ceased |
