130 THE SUGAR INDUSTRY. 
Sugar Growers’ Society. Then you will be leagued with similar efforts all over the 
country, provided the society is thus supported, and in many ways can benefit by 
such connection. 
As to financiering a sugar factory enterprise after it is demonstrated that your 
community can furnish the necessary beets, there are numerous methods. On gen- 
eral principles, we do not favor paying a bonus outright to secure an industry, 
although this is a very common method. If outside capital is necessary, it can usu- 
ally be attracted by the offer of the community that wants a factory to furnish a part 
of the money. Suppose, for instance, it is desired to erect a plant which, with working 
capital and all appurtenances, requires an investment of $500,000. Instead of offering a 
bonus of lands or money, let the community offer to take one-fifth or two-fifths or 
even one-half of the capital stock, provided outsiders will furnish the other half and 
the expert management the enterprise requires to be successful. Let it be constantly 
borne in mind that such management is quite as essential as capital. And if the 
community supplies some of the money, the enterprise will be assured of a more 
direct interest and heartier support than if it was wholly owned by outsiders. Farm- 
ers might take an interest in the factory by agreeing to pay for their shares partly in 
cash and partly in beets. Except in the very newest regions, where money is 
extremely scarce, the people in almost any county can raise a goodly sum of money 
for an investment of this kind if they really mean business. Of course the rights and 
interests of all the parties to such a trade should be properly seen to, but as a rule 
we believe in this policy of home talent and home money building up home indus- 
tries. It fosters a spirit of thrift and enterprise that is often lacking in communities 
that are supported by industries operated wholly by foreign capital. 
If, however, the people of the locality will nut put up any money on any of these 
plans, let them not find fault that they have to depend wholly upon outside capital. 
Judging from some of the criticism we have heard of the Oxnards’ investment in 
beet-sugar factories in Nebraska, some of the people of that: state at least consider it 
almost a crime for an outsider to invest his money in new industrial enterprises! We 
can but believe, however, that such critics constitute only a small fraction of the 
population of that great state. Such critics should understand that other states are 
only too anxious to attract outside capital, and many towns seem to be ready to make 
even extravagant efforts to obtain it. But we also feel that some of such enterpris- 
ing communities would accomplish more in the long run by putting more of their 
own money into these new industries. 
WHERE AND HOW TO START A SUGAR FACTORY. 
In starting a sugar factory, it is necessary to erect the plant where there is rail- 
road competition. Transportation of beets and factory supplies is a most important 
consideration, requiring the lowest possible rates. The sugar itself is also a bulky 
product, the distribution of which among local and more distant markets must be 
fairly considered. 
The nearer the factory can be to the beets, the better, Unlike other manufactur- 
ing enterprises, it should be in the beet fields and not close to a town. If itis possi- 
ble, the sugar factory should be located in the very center of farming districts, where 
