, 1891-05-09

cause they have been often very success
full in mines and real estate, aod again.
because the Americans are an energetic
people, and, while the capital that comes
over the water is beneitting the country,
the people here are also working all the
time to attain the same end, while the in
habItants of some Of the other countries
into which English money has been going
are sluggish, aud the home folks have to
do all the improving. There have been
inuumerable failures in realty and mine
investments, but there never has been a
single one in pipe line enterprises.
An expert, an English mining en-
g%ineer, came over with me and is looking
over the oil lands, the course the pipe will
take. Another will come over during the
summer to examine the oil resources of
the territory controlled. Our first inten-
ton is to operate with syndicate capital,
the sum of $500 0 to secure land for
storage tanks and other purposes. oil
lands in Wyoming, rights Of way and the
rest of the remaining details. The inten-
ton is then to form the main company to
put IN pump stations, pipe lines aud other
details, The capital of this company will
be s., 600, 900.
There will be no trouble in getting the
cash, the only question that arose having
been as - who shall be let into the enter
prise. Pansian capitalists sought it,
wanting to Put it on the market in Paris,
but we will stick to London.
The land in Wyoming is higher than
this city and so it will not be a very
difficult task to bring the oil down.
VERY FEASIBLE.
1T will 20 from the North Platte river
on to the Laramie plains and from there
to the head of Dale creek, taking it over
two ridges. There are no mountains to
cross and the whole route is very feasible.
Three pumps will be used, with a capAc.
ity of 10000 barrels a day. A six-Inch
pipe will convey the required amount of
oil and it will be laid eighteen inches be-.
low the surface OF the ground, in order to
keen the action of the air from the iron
aud saw the harm done by expansion and
contraction, which results from exposure
and ruins the joints. At r~arines the pipe
will be carried by t~restles, and where the
surface Is rocky the pipe will be carried
over the ground and left uncovered. The
length of it will be Just about 300 miles,
which is not as great as most OF the big
lines. The one from Lima, O., to CHI.
cago is 30s miles long, and the several
lines from the Pennsylvania fields to New
York are all over 400 miles long.
TO BUILD A FACTORY.
In conjunction with this project, ~
continued Mr.. Aggers, there are parties
in the East who will be here about Sep
TENDER to locate II pipe factory. They
are satisfied with the market. being well
aware of the large shipments from the
East in that line. The Pipe Line com
pany has been negotiating with them for
some time. The question with them is
where they will obtain their IRON, and
they hope the steel COMPANY will be we'll
ahead by that time. They will come
here, however. and if they find they can
get enough to go on with they will start
up anyhow. The demand in Colorado
and the west for iron pipe is enormous.
They will probably begin to build next
January. Their plant will cost some
$500 1000. 1 cannot tell who they are,
but they are very responsible people.
The best place for a furnace to the
West is Just 100 miles north Of Cheyenne,
near Wendover, and there is an abundance
OF fine coklng coal about $50 miles further
north, buc the railroad facilities are very
roundabout. That is the most practicable
source from which Denver can get its
iron, being but 225 miles from the iron
and $50 miles from the coal with no
mountains to cross. The advantages as
regards both the coal and the iron are
that they are both at a low altitude, at
which supplies can be produced cheaply,
and thercis no NOV to contend with. The
coal there is in an unique formation
lying under the Dakota rock and being
from 5000 to 1000 feet lower than the
Ignite Goals, showing that it is a much
older kind than other Goals found
in northern Colorado aud Wyoming. 1t
IS found there right at surface.
PREPARING Az ORDINANCE.
we have not applied yet for a city
franchise, but the ordinance is now in the
hands of the city attorney. We think
they will give us a franchise. We do not
seed a street franchise which was given to
a company the other day, who were
merely asking a speculative investment,
as We are only figuring on supplying fac
tories. 1t is impossible to make Denver
a manufacturing center without a cheaper
fuel than coal. Whatever the railroads
haul for, the competition cannot be kept
up with Eastern manufacturers. Be-
sides which, if oil were brought into Dem
yer, factories would spring up, a big iron
and steel industry would be inaugurated,
and the population increase. The rail-
road companies would hardly oppose US,
because it would benefit them all immeas-
urably."
.4SnHl-H0 HI 0bIR,