Rensselaer Journal, Volume 11, Number 13, Rensselaer, Jasper County, 5 September 1901 — Big Sugar Concern Fails. [ARTICLE]

Big Sugar Concern Fails.

Failure of the Wolverine Sugar company has been announced at Benton Harbor, Mich., and suits begun for $107,700 on notes outstanding and for $125,000 on bonds held by the Chicago Trust company. During the last tyjo years the operators have failed to secure enough beets in the local fields to run the factory. As a last resort the owners went to Shelby, Ind., where they contracted for 4,000 acres of beets for this season’s run. The factory cost $320,000!