, 1889-05-19

which he could support in detail, he found
the cost of manufacturing pig iron in
Cheyenne to be less than Sl3 per ton.
Estimates of this character are generally
made on a basis of 100 points. He had
allowed two tons of 65 per cent ore or
100 points for the production of one ton
Of pig metal of 10 to 80 per cent. grade.
As a matter of fact we have an exceed
ingly pure ore which as it lies in the
ground is nearly equal to the manufac-
tured pig in percentage. What then are
the obstacles which stand in the way of a
large and successful operation. he could
not see my. In addition to the points
enumerated we have a tremendous adysn-
tage in our favor in the rate of freight
from the Missouri river to the west of IS
per ton. Even were this reduced by a
new schedule as seems likelv, the sdvan-
tage would be very large and can never be
entirely eliminated.
An earnest effort IN this matter on the
part of the business men and board of
trade, making an exhibition of these facts
to iron capitalists, would eventually lead
to the investment of millions of dollars
and make Cheyenne a large, prosperous
and solidly wealthy city.
1t would make every considerable real
estate holder in Cheyenne rich. 1t would
add vastly to the value of all ranch prop
erty within a circuit of 100 miles around
Cheyenne, and, as beforel stated, would
lead to the establishment of scores of
minor manufacturing industries in this
city. Rolling mills and steel works
depending upon a supply of pig iron
would naturally be erected at the point of
such supply. These are no visionary
and imaginative ideas. We have the
actual facts before US. in the record of
business prosperity and population at
tanned by the new iron CENTER of Ala
bama, Georgia. Missouri, West Virginia,
and Tennessee. We have the ores (of
remarkable %value), the fuels. the fiuxes
and all needed facilities. Above all. we
have the Market large and constantly
increasing market. He therefore declared
to the board hat an organized and intelli-
gent effort made by its proper represent
atives cannot fail OF success. Soon there
will be a revival of prosperity throughout
the land. Other points will seize the
advantages we possess and do not properly
value.
The great trouble heretofore experienced
Mayor Finer said, was in securing pos
session of the property when capitalists
expressed a desire to develop It. The
property undeveloped was practically
worthless and capitalists could not be in
duced to take hold unless they we're given
a controlling interest.
The subject received considerable IN,
formal discussion and was referred to the
special committee which nov has the
matter in charge, j Judge MagInnis and w.
A. Robins being added to the com
mittee.
Mr.. jeffrey presented a resolution call
ing for a special meeting of the entire
board of trade to be held at the city hall
next Wednesday evening for the purpose
of arranging for a demonstration on the
occasion of the laying OF the corner
stone at the Union Pacific shops mex
month and also to consider the advisable
ity of beginning the constl action Of the
main stone viaduct across the Union Pa
cigc tracks.
From the amount of attention the sub
ject has already received the meeting will
undoubtedly be a large and enthusiastic
one.