Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1897-07-27

tunnel and at this rate it will require from
nine to ten years for completion. w
have not employed an engineer as yet
bat we are in correspondence with clyi
engineer of great experience and of in
ternational reputation and shall probably
employ him within few day.
WHERE THE PROFITS WILL COME FROM.
an the first place we have the drain
age proposition. Then there will the
royalty on ores which will be extracted
by means of this tunnel. Experts say
that we cannot miss the many blind
eads and rich veins Of gold sulphite ores
of this section. Then there is the rail-
road. Anyone of these enterprises would
be big thing We shall use modern
methods and electric power, wherever
possible, entirely in the matter of con-
struction."
ACTS WILL SPEAK.
No more upon this subject would Mr..
Ashenfelter say, although the representa-
tive of the NEW MEXICAN used all sorts of
Macchiavellian tricks. Enough on that
subject" said the gentleman, "acts speak
stronger than words and our acts will
soon speak for themselves and as | said
before, we have no stock for sale and
have no reason Whatsoever to give the
subject publicity, except such as legiti-
mately belongs to such an enterprise and
that will prove of public benefit" But
upon New Mexico Mr.. Ashenfelter con-
sented to talk, not only fully, but also
wisely, we'll and to the point. Said he:
NEW MEXICO TO THE FRONT.
II think that New Mexico is rapidly
coming to the front as mining section.
resided in the territory from 1870 to
1895 and think know something OF its
conditions" Speaking of the opportuni-
ties for investment in this territory, and
the future prospect for the mining indus
try he said:
NO BETTER FIELD THAN NEW MEXICO.
'There is no better field in America to-
day for the investment of capital than
New Mexico. have been away for some
three years but have never lost touch
with New Mexico, have visited in the
territory several times each year and
have never doubted of its ultimate sue
cess as great mining section. There
are many good mines to be developed
here, during the next few years. have
heard great deal of New Mexico of late.
Dozens of mining men have come to my
Office during the past few months to ask
concerning the conditions, the resources
and the prospects in the territory. They
find ont somehow that | am an old resi-
dent of the territory and then come to me
for information. In my office in Colo
RADIO Springs, have had more inquiries
concerning the territory during the past
two or three months, than for the whole
previous time that l have resided in Colo
RADIO, something like three years. This
convinces me beyond doubt that New
Mexico is getting to be pretty well known
in the mining world"
THE PEOPLE MUST HELP.
SIT is, however, very necessary" said
he, "that the people Of New Mexico should
be alive to the chances that will offer
themselves within the next few years and
should treat capitalists and men who de-
sire to invest in New Mexico, whether in
mines, in agricultural lands, in manufac-
turing enterprises, in sheep raising or
cattle growing, fairly and justly. The
people and the courts should do their
utmost to protect capital already invest
ed and capital that will be invested to the
fullest extent. Liberal laws extending
all possible aid and protection to capital
and would-be immigrants should be on
the statute book and should be carried
out to the letter. The land OF sunshine
has magnificent climate, it has great
possibilities in mining way, in agrcul-
ture, in fruit raising, in the manufacture
of beet sugar, in sheep and cattle raising,
the production of coal and timber, marble,
building stone and in many other ways,
and nothing is needed for the develop
ment of these great resources except cap
| ital; this will come as surely as the day
follows the night, if your people will
only lend a helping hand and welcome
capital as it should be welcomed. New
Mexioo's reputation is better than it has
been for many year and many, many
mems minds are turned in this direction.
| love the territory, where / have spent
the best 25 years of my life and sincere
ly hope that the people will take ad-
vantage of the situation, for it is most
favorable and becoming more 80 daily"
WORK TO COMMENCE ON THE TUNNEL.
On being asked if he could name date
for commencing work on the big Pixies
Peak proposition Mr.. Ashenfelter said
that he could not, but that within 30 days
large force of men would be at work.
"We shall depend" said he, upon the
original subscription of stock to carry
the enterprise through to consumma-
tion. don't see how there can be any
failure. We have the money and the de-
termination to carry the thing through.
We have several strings to our bow. If
we don't hit it one way we will another"