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Monday, January 29, 2018

Beaufort Ice Company Will Double in Size, 1920

The Beaufort News, Thursday, Jan. 1, 1920

Ice Company Will Double Size of Plant; Increase Capital Stock

A meeting of the stockholders of Beaufort Ice Company was held Monday night at which it was decided to take steps at once to double the size of its plant.

The present capacity of the factory is 10 tons a day and this will be increased to 20, thus assuring Beaufort of a plentiful supply of ice for next summer. A stock dividend of 33 1/3 percent was declared, and $4,000 worth of new stock will be sold. This increases the capital stock from $12,000 to $20,000. The directors were also authorized to borrow additional funds to use in making the enlargement of the plant.

When the ice factory was first built and for a number of years afterwards, it was plenty large enough to meet all demands, but the increased fish business here and other demands have outgrown the producing capacity of the plant. The contemplated enlargement will probably be sufficient to supply all the ice needed by the community for some time.


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