$100,000 Stock Company

$100, 000 STOCK COMPANY

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Will Be a Condensed Milk Factory. 

There is a project on foot here which if carried to a successful issue, will add a very important industry to the city of Ypsilanti and be equally advantageous to the surrounding country. The scheme contemplates the building here of a large factory for the preparation of condensed milk, condensed coffee, chocolate and cocoa. The plan is already far advanced, and everything looks toward an early completion of all the preliminaries. The scheme contemplates the formation of a company with a $100,000 capital and the erection of a large plant. It is calculated that the plant will cost $50,000 and that an additional $50,000 will be needed to run it for the first month. A hundred hands will be needed to run the establishment, as the tin cans in which the product will be put up are to be manufactured also, necessitating a factory with a capacity of 20,000 cans a day. The necessary capita appears to be in sight to put the project on its feet. C. F. Rogers, of Detroit, the discoverer of the condensing process and inventor of the machine is therefore, is interested, and agrees to take one-fifth of the stock. Several Ypsilanti capitalists, it is understood have agreed to put up the rest of the money needed as soon as convinced that the claims of the promoters are correct and that there are cows enough to provide the milk in the neighborhood of the city. The evidence to convince the capitalists has been produced, and the thing seems now to be assured. In securing the evidence as to the number of cows that would become tributary to the factory the promoters traveled out 4 miles east, 7 1/2 miles north, 4 miles west and 7 1/2 miles south. Included in this radius they found 4,200 cows whose milk would be furnished to the factory. This number does not include the cows in the above mentioned territory which are kept for family purposes. C. L. Clark, of this city, who is promoting the project, reports the farmers as enthusiastic in the main for it. A guarantee of a dollar a hundred for their milk is made the farmers, but it is thought a better price can be made them.

Three or four sights for the factory are under consideration, but no one has been definitely determined upon as yet. A sight near good water will be necessary, but for obvious reasons no one can be designated at present. The project was first started about the middle of June, and at that time an effort was made to buy out the creamery here, but the stock could not be obtained at par, and so it was decided to proceed upon the idea of a wholly new factory. Mr. Rogers, the discoverer of the process of condensing and inventor of the machinery, is the expert in the business, having spent lis life in it. He first started a factory at Northville, where he failed. He then went to Detroit and started again, and finally succeeded in bringing out a product which won the first place at the New Orleans Exposition. Later he was interested in the Lansing condensed milk factory with which the late James M. Turner was connected and and which is today making large money. Various other factories have since been established in this state and others which are doing a fine business. All those talked with relative to the matter think it a good thing, promising most satisfactory profits. The capitalists who are interested in it are men whose names give confidence and assurance to any business project which they stand back of. It is to be hoped here will be no hitch in the progress of the plans and that Ypsilanti will soon have this important industry well under way.