Page 3

Parent Mr. Tavenner's Investment situation
Date 13 December 1946
Language English
Collection Tavenner Papers & IMTFE Official Records
Box Box 3
Folder General Reports and Memoranda from December 1946
Repository University of Virginia Law Library
Page 3 Mr. Herbert Trotter Although I am guessing at the cost of operation, it occurs to me that the over-all cost will e little more with a new plant in Woodstock and the old plant as it now is on the river; but I am certain you have given these matters careful consideration. In the event it is determined to build a plant in or near Woodstock, consideration should be given to a bid for future business, for instance, if the plant were built along the railroad south of Woodstock we would be in a position to bid for the business of Edinburg and vicinity, especially the thickly settled section in the neighborhood of Calvary. There is little to expect on the north of Woodstock unless consideration be given to extending the line to Strasburg, which would probably be out of the question. When you stated that we have funds with which to build the new unit as well as to make the additional orchard investments, did you mean that other funds will still be available with which to begin construction of the college? Possibly by further correspondence we will be able to understand each others views a little better. 3)Triplett and Vehrencamp Business. Next to the flour mill, or possibly even ahead of it, I think this business should be disposed of due to the unsatisfactory partnership arrangement. 4)Apple Orchard. I think you know my views as to the necessity for storage facilities. It has been nearly two years since I talked to you about the new type storage that I was interested in building in connection with our orchards in Woodstock. I know nothing of Frank Dinges’ plans or Tavenner and Tisinger’s plans about packing and storage at Mount Jackson. It would represent a considerable saving in investment to each of the concerns if a three-way proposition were worked out for a packing and storage plant at or near Mount Jackson on a comparative basis. I have never mentioned this to father, but I am sure we will all have to come to it sooner or later and a cooperative plan would seem to be workable. I am sure that the total investment would not be more than fifty percent of the amount required to build separate packing houses and storages. Careful Consideration must be given to the question of keeping the orchard as a permanent investment of the trust. Other than the flour mill, this is the most hazardous of all the investments, but the gambler’s chance of substantial income is greater than in any of the other investments. I am convinced that the profits will be good over a period of five years or longer without the advantages of a storage, but I believe that ten years from now the orchardist who does not have the benefit of storage would be