Utah. But the venture failed and the factory was sold to the Mormon Church. and was later moved to Salt Lake City. No doubt Peter Magnus. a German immigrant. did not realize how truly he spoke when he prophesied in 1865. "If we had sugarbeet factories in Colorado. I imagine Colorado farmers would produce more gold than all the mines in the mountains." The output of refined sugar in Colorado in recent years has been valued at about eight times all the gold. silver. and precious metals produced annually. As might have been expected. there were many failures in the early days of experiments in sugar refining. but credit for establishing the first profitable sugar factory is due E.
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