▁assets ▁for ▁the ▁$ 5 0 , 0 0 0 ▁note ▁held ▁by ▁a ▁trust ▁company . ▁Pl iny ▁Hol t ▁wrote ▁a ▁letter ▁to ▁the ▁Stock ton ▁management ▁team ▁on ▁July ▁ 1 , ▁ 1 9 0 9 , ▁reporting , ▁" The ▁plant ▁is ▁as ▁complete ▁and ▁perfect ▁in ▁every ▁detail ▁as ▁I ▁have ▁ever ▁seen ▁... ▁and ▁one ▁of ▁the ▁best ▁arranged ▁plants ▁that ▁I ▁ever ▁saw ." ▁ ▁On ▁October ▁ 2 5 , ▁ 1 9 0 9 , ▁Pl iny ▁Hol t ▁purchased ▁the ▁factory , ▁and ▁immediately ▁began ▁prepar ing ▁the ▁plant ▁for ▁operations ▁with ▁ 1 2 ▁employees . ▁The ▁" H olt ▁C ater p ill ar ▁Company " ▁was ▁incorpor ated ▁in ▁both ▁Illinois ▁and ▁California ▁on ▁January ▁ 1 2 , ▁ 1 9 1 0 , ▁and ▁Pl iny ▁accepted ▁the ▁de ed ▁to ▁the ▁plant ▁on ▁Feb ▁ 1 6 , ▁ 1 9 1 0 . ▁East ▁Pe oria ▁became ▁Hol t ▁Man ufact uring ▁Company ' s ▁eastern ▁manufact uring ▁plant , ▁compet ing ▁with ▁the ▁nearby ▁A very ▁T ractor ▁Company . ▁ ▁The ▁Pe oria ▁facility ▁proved ▁so ▁prof itable ▁that ▁only ▁two ▁years ▁later ▁the ▁Pe oria ▁facility ▁employed ▁ 6 2 5 ▁people ▁and ▁was ▁export ing ▁tra ctors ▁to ▁Argentina , ▁Canada , ▁and ▁Mexico . ▁T ract ors ▁were ▁built ▁in ▁both ▁Stock ton ▁and ▁East ▁Pe oria . ▁ ▁Los ▁Angeles ▁Aqu ed uct ▁▁ ▁In ▁ 1 9 0