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the farm for the beets. Should it be possible to raise the 

 beets for three dollars a ton, there would be for a farm of 

 578 acres the net profit of $6,704 which is to be added to the 

 above profit if the manufacturer cultivates his own beets. 

 8i cents per pound is a low estimate for raw sugar. Sev- 

 eral refiners whom I have consulted consider the value to 

 be 8f cents. I have considered the yield of sugar as 8 per 

 cent., although last year in Germany in was 9 1-0 per cent. 



I have calculated the press cake as worth four dollars per 

 ton. This is a low estimate, Dr. Goessmann, a gentleman 

 who is perhaps better acquainted than any one in the coun- 

 try with the facts which bear upon the industry, considers 

 that the value of the press cake is $17.40 per acre. This 

 would make the total amount for 578 acres $9,157 instead 

 of $4,908. I have thought better to choose the latter sum, 

 as there would be a certain prejudice to be overcome before 

 the farmers would be willing to pay the real value. 



The foregoing are a few of the facts which I have chosen 

 to present to you, and which have been carefully selected, 

 and I think in respect to the estimates, fairly stated. My 

 views as regards the establishment of this industry are as 

 follows : 



Starting out with the idea that the important point to be 

 established is, how cheaply can beets of good quality be 

 produced in this country, I would have a company formed 

 of capitalists who are willing, if the preliminary experi- 

 ments should prove successful, to furnish about $150,000- 

 capital. Two or three farms of from twenty to twenty-five 

 acres should be hired, in sections where the climate and 

 soil appear favorable. These should be cultivated at least 

 two years with beets according to the methods adopted in 

 Germany and France. It appears to me of no use to trust 

 the raising of beets to farmers alone. The experiment has 

 been tried repeatedly and it has proved almost impossible 

 to overcome their prejudice as regards the proper method 



