I respectfully ask for your consent to my
carrying out the following plan:
I intend to form a company of $350,000 consisting of seven
shares of $50,000 each. This company will be formed upon
this basis; take out small dividends and allow the reserved
profits to be used as Capital. There is room for the mulipli-
cation of the capital because it will require today 400
Factories to supply the United States with sugar, and this
capital will be used in this direction.
I know already of some 8 or 10 places in Nebraska and Iowa who are offering bonuses of from $40,000 to $100,000
& in one case $150,000 for a company to erect a Sugar factory
within their neighborhood. I am prepared to show, as I have
already explained to you that it is possible with proper effort
to make each Factory pay 10% and a reserve of one half (at least)
of its cash (say $250,000). With the capital mentioned above
and such bonus as may be received, the first factory will
be built and leave enough surplus of the capital which added
to a second bonus the reserved profits of the itself to build
a second factory the second year; then the two Factories
OFFICE OF
THE UTAH SUGAR CO.,
P. O. BOX 499.
Secretary's Department.
I respectfully ask for your consent to my
carrying out the following plan:
I intend to form a company of $350,000 consisting of seven
shares of $50,000 each. This company will be formed upon
this basis; take out small dividends and allow the reserved
profits to be used as Capital. There is room for the muliplication of the capital because it will require today 400
Factories to supply the United States with sugar, and this
capital will be used in this direction.
I know already of some 8 or 10 places in Nebraska and
Iowa who are offering bonuses of from $40,000 to $100,000
& in one case $150,000 for a company to erect a Sugar factory
within their neighborhood. I am prepared to show, as I have
already explained to you that it is possible with proper effort
to make each Factory pay 10% and a reserve of one half (at least)
of its cash (say $250,000). With the capital mentioned above
and such bonus as may be received, the first factory will
be built and leave enough surplus of the capital which added
to a second bonus the reserved profits of itself to build
a second factory the second year; then the two Factories