AGRICULTURAL ALCOHOL IN GERMANY. 35 
used in one year as much as 80 carloads of 393 bushels of 56 pounds 
each. It was expected that they would use only about 30 carloads in 
1907, partly because of the good crop of potatoes and partly because 
‘of the high price of Roumanian corn. This corn, which is said to be 
‘richer in starch than the American La Plata corn, had formerly cost 
but $1.30 per 100 pounds, but at that time the price was $1.83 per 
100 pounds. This increase was partly due to an increase of 71.5 
cents in the duty on foreign maize. 
If, as stated by the superintendent, the dividends had been only 
“as high as 4 per cent in good years, the high value of the stocks 
Seald 1 be explained only by the value placed on the spent mash. 
| The superintendent of such a distillery, as may be expected, is a 
very different sort of man from those found in the distilleries which 
are hand equipped or even in the medium steam-operated plants. 
As has been pointed out, the larger distilleries are taxed much more 
heavily, and in order to obtain the same returns on the investment 
_they must be operated much more economically and must produce a 
larger percentage of alcohol. 
| 
