Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1891-10-10
HERE'S GOOD NEWS!
The Future of the Oerrillos Coal &
Iron Oompany-A New Deal of
Momentous Industrial In
port.
Extensive Machinery and New Railroads
A Long LOoked-fDr Transaction
Which will Greatly Benefit
Santa Fe.

The CerrillOs Coal u Iron company,
which owns 10000 acres OF coal and iron
lands in Santa Fe county, near Cerrillos,
made a. move yesterday of momentous i'm
port to the welfare OF Santa Fe, and all
northern New Mexico.
While Hon. I. B. Catron was IN st.
Louis recently he had several conferences
with capitalists OF that city, the result of
which was that perfect harmony-an ele-
ment that for five years past has not ex-
listed among the corporations stockhold-
ers-was brought about, and financial
connections were established which bring
to the company frst-class management
and all the necessary capital for carrying
out the original aims of the corporation
and operating these splendid coal de-
posits on very extensive scale.
A NEW SUPERINTENDENT ON DECK.
As one of the results of Mr.. Catron's
eastern trip, Mr.. F. w. Risque, OF ST..
Louis, was named as superintendent Of
the Cerrillos Coal & Iron company with
headquarters ia this city. Mr.. Risque
arrived here few days ago and yesterday
he launched into business by going to
Cerrillos and having personal interview
with the coal miners who, because OF the
lack of harmony existing among the prin-
cipal owners CT the company, have for
several years past been permitted to 60
on unmolested and taking out vast guam
tity of coal for shipment on which no roy
atty was paid
CONFERENCE WITH THE MINERS.
Mr.. Risque called upon the dozen or
more of mining men operating coal pits
upon the company's property and had q
frank business talk with them. He ex.
presses himself as most pleased at the
reception they gave him and the manner
in which they received his proposals. TIC
the miners he explained that the Cerrillos
Coal q Iron company, owners OF the Goa
lands, WAS shortly to take steps to operate
on its own account those coal mines that
the company desired to treat the squatters
on it's lands with the utmost fairness, and
proposed that all miners desiring to do sc
COulu W ltlllll lDC LCAU lCh ud1 tHl0I IutO
agreement to work the mines by paving
the company very small royalty. In
this manner they could, he explained
carry out all existing
CONTRACTS WITH CONSUMERS,
and work thus throughout the winter, but
that early in the spring the royalty system
would cease, as by that time the company
would have upon the ground its own ma
chinery when it was the intention to
work the mines on large scale and I'M
der the exclusive management of the Ger
rillos Coal u Iron compony. With one
or two possible exceptions the mine
operatives accepted this proposition and
papers will be drawn up accordingly with
in the next week.
Mr.. CATRON TALKS.
Hon. T. B. Catron was seen by a New
MEXICAN scribe and he said it was true
that the Cerrillos Coal q Iron company
was now on firm business footing and
had taken steps to have its coal mines
worked on the royalty plan for the time
being.
at is a little late in the season for us
to get our affairs in shape to begin opera
tons there ourselves, but early in the
spring we will have the necessary ma
chinery and railway lines in place for all
business there is in it."
"You expect to operate the mines, then,
on rather large scale" Clipped in the
news gather.
mo expectation about it," said Mr..
Catron, 1--WE are going to put IN machin-
cry and work the property on an extern
sive SCALE"
IMPORTANCE OF THE MOVE.
Upto this time the above covers all the
information that can be had on this i'm
portant subject. As to the effect upon
Santa Fe, Cerrillos and Santa Fe county
of this action on the part of the Cerrillos
Coal u Iron company neither time nor
space will now permit speaking in detail.
Suffice to say that it is a matter that
Santa Feans have long looked forward to
as the dawning of new day of prosperity
for this city and this section. One I'M
questionable result will be the extension
Of the narrow gauge railway lines across
The valley from Santa Fe to Cerrillos,
thence through the coal fields via San
Pedro to Albuquerque and perhaps far.
her. 1t will give fresh impetus to all
Industrial enterprises in central New
Mexico. 1t is limited that Messrs r. G. |
Aerens, Jefferson Chandler and other st. |
louis milionaires, who are owners of the |
pest coal deposits in Kansas. Missouri |
indian Territory and Texas, are, along
With Hon. S. B. Elkins and others, in
crested with Mr.. Catron in the extens-
We enterprises which the Cerrillos Coal
I Iron company have just inaugurated.
SATURDAY SMALL TALK.