, 1889-05-19
Two Topics Considered by the
Board of Trade.
A Disposition to go Deeper at Silver
Crown.
Some Facts in Relation to the Iron
Ore Deposits.
The Advantages of Cheyenne as a
Location For a SmeIter.

a "CCbihk JScbCAOag dlOSiuOOu "hlSh VOC
of an unusually interesting character.
One of the first things considered was
the report of the committee on mines, in
relation to a proposition submitted to the
board by Major Glsfcke, on behalf OF the
owners of the Fajrview mine at Silver
Crown. The mine is now down to a
depth of ninety-ive feet. Major Glafcke
proposes to turn the mine over to the
board of trade or any organization it NAV
suggest, provided the shaft is sunk to a
depth of 300 feet. 1t is believed hat at
this depth the absence or presence of pay
ing bodies of mineral may be established.
The question has long been an unsettled
one. and there is a general desire that a
thorough test should be made once for
all. The committee had no special plan
to present for consideration. Several
plans were discussed by the board, among
them one proposed by Mr.. Kent, to the
effect that a development company be or
ganized with a capital stock of So, 900, the
shares to be placed at 81 apiece. In this
way the burden would fall lightly on all
contributors and result in a very thorough
investigation. The matter was recommlt-
ted to the committee with a reconmenda-
ton to consider Mr.. Kent's~ suggestion
AID formulate some satisfactory scheme.
George w. Sewers was unanimously
elected to membership IN the board of
trade.
L. 3. Bartlett, of Hartville, addressed
the board on the general subject OF
smelters and iron works for Cheyenne.
The matter of erecting blast furnaces
for the manufacture of pig iron is one of
vast importance to the city of Cheyenne,
he said. The Denver chamber of COM
merce, through their committee. APP
pointed to investigate iron matters re-
ported that iron products handled and
distributed from Denver, would support a
population of 40, 1000 people. Ii it would
do that for Denver why would in not for
Cheyenne2 We have the same market to
supply and the natural advantages of sit
uation as g distributing point.
1t is needless to say that an iron opera
ton lies at the base of nearly all manu-
featuring interests. Wien you once pro-
duce pig iron you will not have to subsi-
die or aiye a bonus to other manufacto-
ries. They will simply come by natural
force OF attraction, aud local advantages.
Tallapoosa, Georgia, is a very recent ex-
ample OF the value of an iron enterprise
- hrilli.- n o,tu and - tho ovation of
wealth. In a little over two years the
town has sprung from nothing to a place
of 5000 inhabitants. In that time over
So, 900, 200 has been invested and at the
present time 400 buildings are in process
of erection many OF them factories and
business blocks. In ten years the tow
of Birmingham, Alabama, has become
the marvel of the South and it is esti-
mated has put into iron industries
nearly 800. 100000 capital. Neither of
these places can boast as valuable or ex-
t%ensive deposit of iron as exists in Lara
mic ountv at our very doors.
After all these considerations when the
matter is presented to capitalists it is,par-
rowed down to a simple question: Can a
blast furnace be made proftable2 This
is the practical question and if settled
afirmatively, you will have no difficulty
in getting capital, establishing plapts and
making Cheyenne the great iron center
OF the Rocky Mountain region.
He had made some study of the cost
of producing pig iron, and had been
much aided by an exhaustive report
which recently appeared in the New York
Endneering and Mining Journal. This
report gave the figures of actual cost at
Cleveland, Pittsburg, Chicago, Birming-
ham and other points east and south.
Taking Cleveland as a comparison, be-
ing an important iron center, he found
that Cheyenne can produce pig iron quite
as chcaply. The ores will cost less here
per tonnage and much lcss when grade is
considered, being 25 per cent higher. One
hundred points are taken as the basis of
calculation. There, the iron men must
purchase their ores OF pay a royalty and
carry large stocks by lake freights.
The fuel which Is the most important
item of an iron industry can here be OBJ
tanned as cheaply as there and probably
at less cost. A good bitumenous coal is
now very generally used in the blast fur
naces and the Rock Springs coal seems
admirably adapted to this purpose. 1t is
largely used in the smelIers of Montana.
He understood from parties who had in
vestigated this point that the railroad will
lay down this coal at Cheyenne for a
manufacturing operation at less than So,
probably about 81 so per ton. The lime
stone flux required can be had here at
less than at Cleveland. With the ex-
%ception of labor all the conditions of an
iron enterprise are more favorable to
Cheyenne than TO Cleveland. In the item
of labor he had added 10 per cent. against