| Type | Preferred |
|---|---|
| Nominal | 100 US-$ |
| Place of Issue | New Jersey, United States of America |
| Date of Issue | 1909 |
| Printing Firm | American Bank Note Company |
| Language | English |
| Year of Acquisition | 2004 |
| Condition | VF |
Description
The origins of the company date back to 1890 when Henry Oxnard - a pioneer of beet sugar in the US - together with other investors opened a beet sugar factory in Grand Island, Nebraska. Further plants are built (including one in California) and by 1899 the four plants are combined into American Beet Sugar Company. Early in the 20th century the American Sugar Refining Company takes a major stake - the company is practically associated with the Sugar Trust. The growing company is renamed American Crystal Sugar in 1934. Eventually the company focusses all its production on the Red River Valley and in 1973 merges with the Red River Valley Sugarbeet Growers Association to form the first farmer-owned beet sugar cooperative. Today the company has six factories in Minnesota, Montana and North Dakota and its headquarters in Moorehead, Minnesota. Incoporated in New Jersey.
Specimen. Typical border and a smallish vignette of a sugar beet in the upper left corner.
Sources: Company History | American Crystal Sugar Company visited on 11.2.2022