Santa Fe daily New Mexican. [volume] (Santa Fe, N.M.) 1885-1897, 1897-02-08
]. ]. HAGERMAN'S VIEWS
Santa Fe Visited by Notable Party
of Capitalists.
BETTER DAYS IHSTORE FOR NEW MEXICO
Protection Will Be Given Many New
Mexican Industries by the New
Administration.

A party, consisting of ID. Hagermau
/ president of the Pecos Valley railroad
the Pecos Improvement company and
the vice. president of the Pecos Valley
sugar factory, Percy Hagerman, Eugene
Wuesthoh, secretary and treasurer Of she
Sohlitz Brewing oomIsy I, cas' leh.
lein, director Of the brewing company
R. j. Bolles, stockholder in the brewery
and sugar factory, and A. G. Campbell
attorney for number of the concerns
represented by the other gentlemen, came
in last night from Colorado Springs over
the Santa Fe in special car. They re-
mained in the city all day, taking dinner
at the Palace hotel, and will leave to-
night for Eddy and the Pecos valley. Mr..
Hagerman was seen at the hotel, and in
reply to number of questions mado the
following statements:
"The extension of the Pecos Valley
railroad hinges upon the return of gen
eral prosperity to the country. No new
railroads are building now, except parts
of great systems, and the procuring of
money for bailding the new line depends
upon the financial conditions, tariff un-
certainties, general business conditions
clearing up. think this will be brought
about in a short time, and the proposed
extension of the Pecos road will likely be
put through before the end OF the year.
"The sugar beet factory now in opera
tion at Eddy will be enlarged, and an
other one, three or four times as large
built soon. However, the building of the
new one depends very much upon the
character of the sugar schedule in the new
tariff bill. think it is probable there
will be reasonable specific duty on raw
sugar and an additional duty on refined
sugar, at least equal to the export bounty
paid by foreign countries. do not be-
lieve the government will pay bounty
as it did under the old Mckinley bill,
and think no bounty should be paid.
With fair protection | believe the sugar
industry can be extended to large pro-
portions in New Mexico. Owing to oli-
matte and other conditions, New Mexico
produces the richest sugar beet ever
raised, and the demonstrations of this
fact, made in the Pecos valley, is worth
millions to the territory.
1.-THE exemption bill now before the leg
islative assembly, will, if passed, do much
to encourage the investment of capital in
the sugar business in the territory. The
legislatureis to be commended for it's en-
lightened action in encouraging foreign
capital to seek fields OF Investment here,
and this is certainly glaring contract
with good many of the western states,
and the contract is all in favor of New
Mexico. This fact is known, commented
upon, and appreciated by eastern invest
ors, and will bring rich returns in the
near future.
"Under the incoming administration /
think the wool and cattle industries will
be we'll protected, stimuus given them
which will also help the financial interests
of the territory"
In reply to the question, "what do you
think of the outlook for the the territory
in generalf" Mr.. Hagerman said
II am not so we'll posted upon general
conditions as many gentlemen who live
in Santa Fe, but believe brighter and
better days are IN store for New Mexico,
and those days are not far distent."
Mr.. Hagerman has done more for the
development of New Mexico than any
other one man, or for that matter
many men together, has invested vast sums
of money in different enterprises, has
great faith in the growth and develop
ment of the varied resources of the terri
tory, and the cheerful view he takes of the
future will undoubtedly be of great en-
couragement to those who are endeavor-
ing to bring about improved conditions