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 $350,000 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 



$534,000 

 Less expenses 240,000 



Profit (being 84 fo 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, 



