APPENDIX. 155 



Mr. Bender and Mr. Corning are both confident that an 

 abundant supply of beets can be obtained by manufacturers 

 at from $3 to $4 per ton ; that they can be manufactured 

 into sugar at from $3.50 to $4 per ton ; and that they will 

 certainly yield 6 % of white sugar, worth in Chicago at least 

 fourteen cents per pound. 



Assuming that their figures are correct, of which there is 

 not a particle of doubt, and taking their highest estimates as 

 the basis for a calculation, the following result could be pro 

 duced by a company with $350,0x30 capital, which is sufficient 

 to erect a mill of a capacity to work 30,000 tons of beets each 

 season. 



30,000 tons of beets, costing $4 per ton . . . $120,000 



30,000 " " to work $4 " ... 120,000 



$240,000 

 Producing 

 i, 800 tons sugar (being 6 %} at 14 cents per lb., 



or $280 per ton $504,000 



6,000 tons pulp (a) $2 12,000 



900 " molasses (a) $20 18,000 



Less expenses 240,000 



Profit (being 84 % on capital), ..... 294,000 



In the pamphlet of Mr. Walsh, to which reference has been 

 made, he says, 



" The introduction of beet sugar as a staple product of the 

 United States, but especially for the vast fertile prairies of 

 the West, has claimed the profound attention of statesmen 

 and eminent practical citizens for more than a quarter of a 

 century. Much has been written upon it; much information 

 has been diffused; many interesting and thorough experi 

 ments have been made, and the general results have been 

 in the highest degree satisfactory. All the inquiries and 

 investigations that have been made, and facts gathered, 



