Ann Arbor Chicory Co
THE NEW COMPANY TO BE
CAPITALIZED AT $18,000.
______________________
There Are 4,000 Acres of Land Near the City
Suitable for Raising Chicory.
The stock of the Ann Arbor Chicory Co. has all been taken up. It will be capitalized at $18,000 and will be probably taken up by only four stockholders.
Messrs. Heinzmann & Laubengayer the largest stockholders are now ready to make contracts for roots.
Every citizen can help the enterprise along by calling the attention of farmers to the subject and urging them to investigate the matter.
John DeRonde the expert has been looking over the land in the vicinity of the city and says there are over 4,000 acres of the best land suitable for chicory lying south of the city.
As only 300 acres are desired the necessity of making prompt contracts can be readily understood. The yield of roots runs from 8 to 12 tons to the acre with an average of 10 tons so that it will prove a very profitable crop to raise.
The land suitable is a sandy loam Stoney land cannot be used as the roots would not develop properly The success of this enterprise means the distribution of $18,000 a month to the farmers next fall.
In addition to this outlay a new building will have to be built, which mean further outlay for material and work.
Then later the factory is built, it will give employment to more additional help.
Every new enterprise of this kind is a help to the city.
Article
Subjects
Ann Arbor Chicory Company
Old News
Ann Arbor Argus-Democrat