Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1897-08-16
FOR RAILROAD EXTENSION
Mr.. K. 0. Faulkner, Receiver of the
PecOs Valley Railroad, and Mr.. j.
j. Hagerman Have Returned
from Business Trip to
New York.
The Two Gentlemen Have Been Nego-
tiating Sale of Bonds to Raise
Money for an Extension of the
Pecos Valley Road from
Roswell to Washburn.

Roswell, N. M, Aug. IL, 1897.-Mr. E. O.
Faulkner, receiver of the Pecos Valley
railway, returned to the valley today
from New York, where he has been the
past two months, in company with j. j.
Hagerman, negotiating sale of bonds to
raise money for the extension of the road
from Roswell to Washburn. Rumor says
that he was successful, but the report re-
mains to be authoritatively verified.
Wlllets q Beal of New York City, brok-
ers in sugar stocks end bonds, are the
promoters OF the Pecos Beet Sugar COM
pany, capitalized at $l,ooo,oo0. These
gentlemen issue an elaborate prospectus
outlining the whole project in detail and
setting forth in most convincing man
ner the advantages that the Pecos valley
possesses for the manufacture of beet
sugar.
The company was organized on July
"a ut., and started off with subscription
to it's stock of 100000. We ali feel
hopeful that this enterprise will be a go.
All conditions seem to promote its sue
cess. The territory lends helping hand
by the exemption of sugar factories from
taxation for a period of six years, the
general government assists by bounty
in the shape of tariff that amounts to
nearly cents per pound on sugar, pro-
ductive and properly constituted soil
combined with irrigation and climate
that furnishes almost continual sunshine
especially adapts this valley for the eul-
ture of the sugar beet. The record made
last year demonstrates that the Pecos
valley beets carry on the average 16 per
cent sugar, or two per cent more than is
secured from beets produced elsewhere
in the whole world, therefore We say that
all the conditions are favorable for the
successful promotion of this enterprise.
The factory will be located in the midst
of the beet lands about three miles from
Roswell. 1t is the general opinion that
this factory will be worth more to the
valley than the railroad extension. Let
us see what such an enterprise means for
this community.
First, the large investment of ST.
100000 within a period of 18 months,
IN an agricultural section, IS a big
thing in itself, and should lubricate
the wheels of prosperity in this valley
until they ran with the swiftness and
smoothness of creased lighting. Second,
that this factory will have capacity of
800 tons of beets daily, with an average
campaign of 120 days, giving the factory
a total capacity for each season of $4,000
tons, or in round Numbers 100000 tons.
al fro
ten to IL tons; let US base our estimate on
the minimum, this means that 10000
acres of our land would be used in the
production of the sugar beet. The low
est price ever paid for beets in this val
ley, depending upon purity and per cent
of saccharine, is 81 per ton, therefore our
10000 acres in beets, necessary to pro-
duce 100000 tons, weuld yield a yearly
revenue to this immediate section of
100000. These undisputable facts should
convince the most cynical pessimist of
the future growth and prosperity Of this
valley, should we be so fortunate, to Sc
cure the factory. Third-A factory of
this description would greatly add to the
farming population of the valley, as beet
culture requires one man for each ten
acres of beets. 1t means nearly 1000
farmers added to our farming population,
these with their families would become
the recipients of the 100000 disbursed
annually by the factory, allowing but
three persons to each farmers family,
makes an increased productive and con-
suming population of at least 5000 per-
sons, all within radius of Eve miles of
Roswell. Then there are the factory en-
ployes, who will average 200 persons at
least, with their families of three to the
person, would give us an added factory
population of 600, or total of 5000 per-
sons that this single industry would add
to the community.
It is our desire in this connection to
publicly express our loyalty and graft
tude TO the man whose capital, energy,
ability and perseverance have been signal
ly devoted to the development of this
valley for the past eight years, and to
whom We are indebted for whatever mater
ial progress we have made, and to whom
We longingly look and upon whom We SOLE
ly depend for the two great enterprises,
namely: The sugar factory and the rail-
road extension. If these enterprises
reach fruition this valley will owe debt
of gratitude to j. j. Hagerman, that it can
never repay. "CARLos."