Evening Republican, Volume 14, Number 134, Rensselaer, Jasper County, 6 June 1910 — COTTON IN CALIFORNIA. [ARTICLE]

COTTON IN CALIFORNIA.

Capitalists to Plant 2,000 Acres of Staple In Imperial Valley. Articles of incorporation have been filed for the California Cotton Company, whose principal business 1b to grow cotton in Imperial Valley, the New York Herald’s Los Angeles correspondent says. The signers of the application are ranch owners and business men of Los Angeles and Memphis, Tenn. The president of thi3 company will "be Joseph R. Loftus, president of the Joseph R. Loftus Company in this city, who was a prime mover in introducing cotton into Imperial Valley. The others mentioned are J. T. Walker of Memphis, Tenn., who has been in the cotton and cottonseed business for a number of years; W. H. Kindig, M. M. Dorfmeier and H. C. Chase, all of Los Angeles. ' It was originally intended to form a large company, but on account of the very limited time before cotton planting it was decided to work along more modest lines. The capital of $25,000 will enable the company to plant from 2,000 to 3,000 acres in cotton, and have an experienced plantation manager as superintendent, and Justify maintaining a business "office to handle the products. There is said to be an unlimited demand for cotton and cottonseed products. In California there is still a cotton mill that will use 10,000 bales of cotton. Cotton mills from Germany and Japan are reported to be negotiating for some of the cotton to be raised In the Imperial Valley. Oil mills and gins have already been financed by the farmers. It Is rumored that private individuals will plant nearly 20,000 acres. Money has been furnished by eastern and San Francisco capitalists to help the planters, and it is predicted that with cotton growing on a commercial basis Imperial Valley will attract much capital from abroad.