Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1889-01-08
IT MUST GO DOWN.
A Plain and Simple Business PROPOSE
ton on the ArteSian E1-
pertinent.
What the Directors PROPOSE, 600 Feet
or no Pay-The Work to
Go Forward.

The officers of the Artesian Well COM
pany express their determination to go
right along with the enterprise of devel-
oping flowing we'll here provided they
get anything like fair cooperation from
the business men of the community, all
of whom are surely vitality interested.
1t has been found necessary to dispose
of the present plant of machinery in order
to pay off the debts Of the company and
get square with the world, and after this
is done if any encouragement at all is
given them by the people generally they
will start in afresh, with clean books and
the 1900 acres of valley land at their
backs and undertake to push down the
long talked of test we'll.
In this connection let it be borne in
mind right here that
THE CONDITIONS
which first prompted the beginning of
this local experiment over year ago are
precisely the same to-day. The proba-
biities for striking artesian water are just
as favorable. The dip of the strata, the
basin of the valley and the adjacent sur
rounding fountain-heads of water just as
strongly indicate to-day as they did one
year ago the existence of subterranean
pressure. If at present there is any dis
couragement at all it certainly is not at
tributable to the development of any i'm
probability that artesian water can not be
found here, but this idea has nevertheless
gone abroad, and if Santa Re lets this
matter drop now it will be many years be-
fore another start is made, which simply
means that 100, 900 acres of the richest
valley land in the most favored climate of
the world will
CONTINUE TO LIE IDLE,
uDproductive, an eye-sore that conveys to
every visitor the impression that Santa
Fe is located ON the brink Of parched
and arid plain, when quite the reverse is
the truth.
If the present plant can be sold for
81 900 or 81 800 and it is worth more to men
who know how to operate 1.-THE 81 900
of Indebtedness can be paid off and still
leave asnug surplus in the treasury, which
the stockholders will probably agree shall
60 into another plan. Or if there should
be no surplus then this other plan will
nevertheless be undertaken.
President C. f. A. Fischer and Secre-
tary Jacob Weltmer, and in fact the en-
tire board of directors, which includes
Messrs. W. T. Thornton, F. w. Clancy,
Geo Draughon and Sol. Spiegelberg, are
determined to at least give the people of
Santa Fe another opportunity to CO.
operate with them in carrying out this ex-
pertinent, so vitality important to
ALL LOCAL PROSPERITY.
While planning to get out of debt the
board has not been idle as to future plans.
Several conferences have been held with
James Gilchrist, the Ohio man, whose
machinery did such an excellent work
| Gas far as it went, about 800 feet at Las
Vegas, and as result of these conference
es the board is prepared to make very
fair and simple business proposition to
those Santa Feans who have sufficient
nerve and enterprise not to let the thing
suffer so ignominious death as now
| threatens it.
Mr.. Gilchrist, who furnishes ample tes-
timony to his ability and integrity, agrees
to remove his machinery to Santa Fe and
put down this test well 1000 feet for
the sum of $3.50 per foot or in round
figures for $500, the money to be paid
in lump when the
WELL IS COMPLETED
to this depth. Now the directors of the
company, if for no other purpose than to
make good the title to the 1900 acres OF
valley land now held, are very anxious
to accept this proposition. They have
faith that 900 feet will develop flowing
we'll, and each of the five directors and
Secretary Weltmer stand ready to place
in the bank their certified checks for 500
each, payable when only the 1,OO-foot
well is down and under no other condi,
tons, provided twenty-nine other citizens
will do likewise. each certified check SC
deposited to represent one share of paid
up stock and the stock be delivered when
the we'll is finished and the cash called
for.