| Show THE teiei FAILED TO PAY A DIVIDEND THE THE was requested yesterday ts answer the following question MB since you have so much to eay on sugar factories will you please state why the lebl dupar factory to pay a dividend the firs year of its existence certainly to do go gives us great pleasure because we are fully posted on that proposition while we are about it we will also tell why the lebi utah bastory does not pay as lie dividends as abe california factories both 01 these propositions should have been explained by THE STANDARD long ago only we were under abe impression that everybody in utah understood thoroughly why the lehi a poor investment to start ic niah first of all the lehi fiory was practically the first beet sugar factory tn t united state and the first factory in the world to attempt sugar beet culture by irrigation benco it was au experiment peri ment which hid to be paid for can profit by the experiments at lehi but the lehi people had no american experience that was profitable to atheni when the lehi sugar company had its factory almost erected grave doubt existed as to whether the machinery would work successfully in this high altitude and many other faults were laid at abe doors ot the machinery pur that the promoters were in doubt about being able to make sugar they had already contracted with farmers for beveral acres of beets in fact the beet aeed had already been eown and rather than take chances of losing such a large crop of beete the lebi people built a laise refining plant which has never been used and which ie useless as well as worthless hence the lehi people in the experimental stage of the industry spent on a factory that ogden will duplicate for COO the above ie not the only experience peri ence tor which the lehi people paid dearly indeed many more could be but abe above is the lehi people sold worth of eatock and placeit a mortgage of on their plant so it will be seen that first of all this factory paid interest on a moi and also over 10 per cent dividends annually on the worth of stock while ogden will pay interests and dividend on only lehi pays on quite a difference is it not that ie why the lehi sugar factory didiot pay a profit nt alie start and that la why it doe not pay much as ober factories do but this great draw back abe lehi factory ha paid per cent in dividends during the last three and a halt years we eay good luck to the lahl factory the promoters ere the beet sugar pioneers iu utah and practically in the nation blazed the way that others may follow they are entitled to abe glory and alie honor but li e all pioneers dearly tor their experience that others reap abe greathel grea teel benedita bene fita |
