, 1891-05-09
WYOMING GIL.
An English Company Formed to
Bring il to Market.
A Pipe Line From Natrona County
to Denver.
A Branch Line to be Built to
Cheyenne.
Denver News.

The return of George l.. AggcTs from
Europe, and the work he has accomplished
there, forecast the most important move
tending towards the progression of this
city that could possibly be undertaken.
The petition presented by the Wyoming
and Denver Pine Line company, which
has been presented to the county com
m~issioners. Is but one of the preliminary
details which have to be successfully
carried through before the project can be
placed on such a basis as to warrant the
expanding of the large sums of money
that it will require.
About two years ago the Wyoming and
Denver Pipe Line company was organized
with Donald Fletcher as president. p. T.
Mcnamara, secretary, and f. E. Ed
brooke, treasurer. Mr.. Aggers has been
general manager for this company since
its organization. The capital stock of
this company was Put at $500, 900 and it
controlled certain lands IN Wyoming. 1t
has for some time past been steadily
working on the first steps that were neces-
sary.
The Colorado aud Wyoming Land and
Oil company and the Arapahoe Oil and
Land company, of both OF which Fred
Siegel, formerly of the Fang Brewing
company, is president, are also important
factors in the big enterprise. Both these
companies own valuable Wyoming lands,
mostly in Natrona county, and other
rights.
EUROPEAN MONEY.
The visit of Mr.. Aggers to Europe was
made in order TO interest capitalists in
London or elsewhere IN the oil fields OF
Wyoming and to induce them to take
hold of the matter, and by expanding
large sums of money provide a market
for the product. At present many highly
productive wells In that state are plugged
and lying idle for the simple reason that
there is no market for the oil within
hundreds Of miles.
Mr.. Aggers has been entirely success
ful in his financial mission, and London
capitalists nave agreed to put up several
million dollars to bring oil to Denver in
large quantities, providing that the indis-
~pensable franchises are obtained.
The legislatures of Colorado aud Wyom-
! ing have already been approached, and
have granted the Wyoming and Denver
Pine Line company the necessary rights
to condemn private lands in this state and
Wyoming, and to take sufficient of the
state lands for their purpose, the %legisla-
ture Of the latter state having in a more
liberal spirit granted a twenty foot right
OF way throughout its territory.
An English mining engineer Is on the
ground at the present time. and will look
over the oil fields, routes, markets and
general feasibility of the scheme. As
soon as his report is made an oil expert
will be sent out to examine particularly
the resources of the oil fields controlled
by the three CONF anies.
ANOTHER BIG CONCERN.
A syndicate has been formed with a
capital of $3.50, 900, to acquire rights of
way, and the combined interests of the
companies mentioned, and, after that has
been accomplished, and all prelimiuaIies
reported as satisfactorily investigated and
settled, this syndicate will be merged 10
another one, Of which the capital is S.
900, 900, a sun sufficiently large to pro
duce the oil, pipe and pump it into this
city, supply every factory with cheap oil
and give the city of Denver the same
boom and impetus that has established
Pittsburg, Pa. as the iron and steel CEN
ter of the United States to-day.
Mr.. AGgers was seen yesterday by a
Ne1os reporter, and whilst speaking with
a certain degree of business caution, he
courteously gave enough particulars TO
establish the fact that that the enterprise
Is based on sound principles and a solid
financial footing.
THE syndicate controls about 20, 600
acres, he stated, ''of the oil lands west
of Caspar, Wyo., and in that vicinity.
The proposition is to pipe oil from those
lands to Denver via Fort Collins and
iAaiaulC Wy iuuuluB u DTauCu COuuCC-
ton to Cheyenne from Tie Siding, a point
this side of Laramie. The syndicate also
takes in the lands OF the Sopris corpora
ton. There is no doubt that the Wyo-
ming oil fields are the largest in the world,
but four-ffths of them are too deep to
be probably worked with existing ma
chinery. The oil is struck at a depth
varying from 500 to 1000 feet. and there
are now from twelve to fifteen wells in
that state bored down to the oil rock and
plugged up waiting for a market.
When I~was in London there were
ESQ, 900, 900 (S4OO, 900, OOOl of English
money lying 10 the banks, and preference
Is being given throughout to American
investments, especially in the Western
country. Many English investors have
been disappointed in Argentine aud South
African returns, the trouble in those
countries being that the resources are big
enough but the population is too small.