St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-01-01
COLORADO is A CROESUS
IN SPITE OF TIE 1ALK kBCUT HARD
TIMES.
nER GOLD ouTpUr ENORMOUS.

mat Tor 1904 NpectCU 20
Reach twenty Millions Pa
toral and Other Products d!
Great Value.
DENVER, Col, Dec. 3l.-To correct
misleading statements relating to Col
oradO. the business men of the state, as
Sembled III convention. recently APP
pointed 4 committee 10 prepare state
men: of The condition, resources and
future prospects of the state. The COM
miitpt reports:
"Whlle Colorado has been great sill
yer producer, she has fortunately many
other vast and varied resources, MIL
eral, agricultural, manufacturing anu
climatic, capable Of amply maintaining
much greater population than she now
has, and Of furnishing safe and profit
able investment for large sums of cap
ital. In consequence of the increased
purchasing power of gold, the annual
Colorado gold product shows remark
able Increase, as follows: 1889. So. 636,-
217; 1890, S4,0l6,229 1891, S4,767, $50;
1892, IS. 5S9.021. The goid-mining de-
Vel0pmentS at Cripple Creek are WON
derful This camp is certain to do for
Colorado in gold what Leadville did for
her in silver. Two more railroads are
now running construction race
through tie mountain passes III theig
eagerneSs 10 reach there first, and the
experts claim the low grade ore now in
sight
WILL YIELD S100,OO0,Go0.
Leadyiiie promises to rival Cripple
Greek rs gold producer, and one mine
alone IS now yielding 5000 per day.
while IN the counties of GiIpin. Clear
Greek, Summit, Park, Rio Grande, Gun
nison, La Plate and Boulder. and
throughout the San Juan country. there
is substantial increase in the output
OF gold. The gold output of Colorado
in 1898 is estimated at SS,S00,000. The
year 1894 will see it reach. and probably
exceed, S20, COCO. Silver mining Is
holding its Own, silver being generally
found in combination with gold, lead or
copper. The outlook for the mining of
the precious metals i'll Colorado is
highly encouraging, and the aggregate
output for 1894 will exceed that of any
pANNAONS 9NNis A4S SOIOLdNAO Oul pAL vi
coal and coke for 1898 has not fallen far
short of that of 1892. which was 3,771, 900
tons of coal and $4,000 tons of coke.
Over 100000 tons of Colorado coal was
shipped 10 Kansas, Nebraska, Texas,
Utah anu Montana. Millions Of peunle
east of Denver were ultimately supplied
with Colorado coal. The petroleum
output OF one of the oil fields in Colura-
no for 1898 was 1000 barrels per day.
rntiIeIyS upplyingsColoradu. Wyoming
Montana, New Mexico and Utah.
NATURAL. GAS
is recent addition TO Colorado prod
ucts. During 1898 Colorado granite was
used for The p0Stotfice at Kansas City
and VIII be used III the.government
building at Omaha, while sandstone for
building and paving was shipped eX-
tensiVely 10 other states. The agricult-
urai output fer 1898, While showing an
increasing volume, is necessarily de-
creased in value by the prevailing low
prices. Local stock interests are fast
growing in magnitude, and the local
products fully meet the local demand.
Dhc Greedy district alone shipped in
1913 81, zoe, 100 worth of potatoes, largely
TO The East and South. Colorado has
hitherto imported annually from other
states poultry, dairy, meat and fruit
product equal III value 10 her annual
gold product. The local increase of
small farms and intelligent farming
will within few years keep
this money in the state. Col
orado las now 5000 acres
planted 10 fruit. The larger portion
consists of orchards planted within the
last three years, YET the value Of the
fruit crop of 1888 exceeds 81, 000, 900,
with q CERTAINTY that in q few Years
state will produce fruit for export. The
annual value of the pastoral, agricult-
ural and horticultural products of Colo
YalO far exceed the annual value OF
TEE MINERAL. OUTPUT.
During 1893 there has been an in
creased Immigration to Colorado pf
spni-inYalidS tmOStly persons of tinan-
cial means) seeking the benefit of its
climate, ANA European physicians with
European capital are about to build Il
$500, 900 Saui;arium in the state. The
wonderful mineral springs and scenic
attractions are also bringing an an
nually increasing number OF visitors and
tourists 10 the state. Colorado maiu-
facturers have not suffered 10 the
same extent that their Eastern brethren
appear to have done. Tariff agitation
has not injured our factories, and meme
of them are closed down. The long
distance" rail haul affords ample and
permanent protection. The value OF
the manufactured products OF Denver
for 1892 exceeded SO, coo, coo. Within the
last two weeks the steel works at
Pueblo obtained a contract for $4,000
tons Of steel rails. amounting to about
$500, GOO. During 1898 Colorado manu-
Iacturers have been shipping goods cX-
tensiyely throughout the entire country
between the Missouri river and the Pa
cfic coast, and between the British
line and the City of Mexico, with every
prospect Of increasing trade during
1894 The
MERCHANTS OF COLORADO
enter the new year under much more
favorable circumstances than usual.
They have been conservative, bought
sparingly, practiced economy and lIQuI-
dated Indebtedness. Local trade mas
been better than was anticipated. The
miners generally are fully employed,
even if at reduced wages, owing TO de-
velopment of gold mining, and tie prod
uct Of the mines. unlike wheat, wool,
cotton, ETC., is Immediately available
assets and goes at once into local circu-
lation. The financial outlook Tor Cuio-
RADIO has gradually and steadily I'M
proved during the past three months,
the bank clcarings each week showing a
substantial gam, the lepCSllS increasing,
and the country banks once Eiore keep
ing good balances here. On Dec. l9 the
total deposits Of the ten national banks
of Denver amounted to S13.9Ol.Sl3
showing an increase since Oct. 3 Of
nearly $1,000. 900. Everything indicates
that 1894 viii witness a revival of bust
moss i'll every line i'll Colorado, and its
efforts are already perceptible. The
convention which appointed the COM
miitee almost unanimously resolved
AGAINST AN Extra SESSION
of the state Legislature on the ground
that the rapidly increasing prosperity
of the state rendered ii unnecessary,
and from fear that the circumstances
under which it is called may miSlead
the friends of the state i'll the East to
think that unwise laws may be enacted.
A majority Of the members of both
houses Of the legislature deny the neces-
fro. 4