The indicator., 1897-05-22
A FLATTERING REPORT.
What Expert Stephen Little has to
Say About the G. r. & 1. Co.

Things continue to look better
and brighter for the Iuture
ofthe steel works-The nat
ural advantages of the plant
1t can run, no matter about
Eastern concerns.
The financial magnates of the
East are giving the G. +. e. |. Co. Il
share of their attention, the attract
i've feature being the proposed i'm
provements at the st el works
1t will be of interest to those who
doubt that the company has any in
tention of remodeling the works to
know that the matter is under dis
custom in New York money centers
at this time, aud that the opinion is
that work will soon be commenced.
Following is an extract from an
article in the Wall Street Journal of
May llth which will prove to be
highly interesting reading in Pu
eblo. The Journal says:
Some time ago the directors of the
Colorado Fuel e. Iron took under
consideration the expenditure of
about S500,000 Oh the property for
the purpose of completely modern
izing its plant and putting it into
shape to compete with all other
makers of iron and steel on favor
able terms.
Before finally deciding on this,
they requested Mr.. Stephen Little,
the well known expert, to make an
examination of the property with
the object of finding out its exact
condition. Mr.. Little has returned
from the West, having completed
his examination of the property.
He tells us that he was very agree
ably surprised to find the company's
records and especially cost sheets so
complete. The figures on the sub
ject of cost We're such that the man
aGement could trace everything
from the iron ore to the finished
material, locating every item of
expense in its proper place. In this
way the managers knew exactly
what they We're doing all the time.
Mr.. Little says that he never met
with more complete Information
than that at the command of Colo
RADIO Fuel Il Iron managers in the
case of an indurtrial company. The
arrangement of the infoi nation
vas susceptible of improvement but
not the collection.
As regards finances the company
was found to be about as it was rep
resented. Mr.. Little has in his ca
pacity as accountant made certain
changes in the company's income
account, put these changes do not
very greatly affect final results. In
Il general way the impression that
he secured of the property was fav-
orable, and suggestive of Il prosper
Gus future under reasonably good
conditions.
And again in commenting upon
the same subject the journal ex-
presses this important opinions:
We understand that the directors
of Colorado Fuel Il Iron are pleased
with the result of Mr.. Steven Little's
examination of the property, as it
conf forms in the main with the i'm
preston that they have all along
held with regard to the property
The great point in which the COM
pany is favored is in the fact that
its position gives it an immense
natural protection against iron and
steel from the East, and even from
Chicago. 1t has an immense ter
ritory that it practically monopo-
Lies both for coal ard for steel rails.
All that it requires for its plant in
order to be able to compete with
anybody is the modernization of its
rolling mill and it is largely for this
purpose that 1T is contemplated by
the Board to spend about half a
million dollars This sum it is be
lieved would yield good deal more
than mere interest
That sounds well, and certainly a
great financial organ would not re
view n proposition of this kind un-
less it were based upon something
substantial.
Added to this information we will
say, that President j. c. Osgood re
turned from New York Wednesday
of this week, and in II short cOnver-
sation had with Il leading citizen OF
Pueblo, expressed himself as being
highly pleased with the outlook,
and said that the work of putting in
the now improvements would soon
begin. 1t is our firm belief thatt the
company means business, aLd that
Its actions will speak for themselves
before long.