Las Vegas daily optic. [volume] (Las Vegas, N.M.) 1880-1908, 1898-01-21
an EVE or


Looking into the future, II doesn't
require a great amount OF prophetic
acumen to discover that New Mexico
is on the eve Of a great industrial
awakening. The coming spring and
summer are certainly full OF roseate
promise il present indications are to
be relied upon. At Cochiti, for in
stance, nearly $500, 600 in outside
capital has been invested 10 mines
within the past four months, ard now
comes the word that The Boston people
who control the "Albermarle" group
OF MINES have let q contract for a 1875
ton milling plant to cost 1928 900 and
to DO ready for handling ores BY May
LIST. The structure Is to be Of steel
and lined with asbestus felt, with all
the automatic and gravity appliances
known to science. Colorado has no
such mill, and the nearest approach to
it now In operation in the Rocky
mountains IS the gold mill at Mercure,
Utah. Then at Dolores the Edison mill
Is a carbohydrates the wizard lied
when talking to Mr.. Geo. ID. Arnold, OF
Cerrillos, who visited his New York
labratory the other day, and the
chances are that Edison didn't lie.
At the San Pedro copper mines the
chances are excellent that 1000 men
will be employed before next midsum.
mer, while throughout the Red River
country mining affairs are shaping for
q splendid season of activity, and a
similar outlook is plainly observable
for the mining interests in Grant,
Sierra and Lincoln county districts.
Particularly are there good things
In store for that section of the Terri
tory north and south Of Las Vegas.
Parties who claim to be on the inside
of Mora grant affairs say that the
newly projected Las Vegas, Mora s.
Taos Valley railroad has ample inan-
cial backing in Massachusetts and will
sursly bo built this summer. On the
south Of the town there is an actual
scramble among moneyed men to get
control of the good things in sight. The
Pecos Valley railroad people say they
are going to build up from Ros veil to
old Fort Sumner and cross thence w
to the Texas Panhandle, but they'll
have TO hustle if they beat the indie
fatigable Eddy Bros. across that stretch
of country. The latter filed a railway
charter in Santa Fe that signifies q
great deal for all eastern New Mexico.
They are now building north from FL
Paso toward White Oaks at the rate OF
mile per day, and from some con-
venient point in Lincoln county they
have organized to construct the Kansas
City & White Oaks railway to the
Texas line in Union county, q distance
of $50 miles, then to connect with
another Kansas City and White Oaks
road to be organized under the laws Of
Texas. 1t may be the Rock Island or
it may be the Frisco, but in any event
1T is to. be a new short line through
eastern New Mexico from the Missouri
river to the Mexican border. This
company's capital stock il $4, 000.-
600; S250,000 is already subscribed,
and $3.50 0 has been paid into the
treasury. In this enterprise Eddy
Bros are backed by B. s. Harmon, a
millionaire lawyer OF New York; Com.
modore G, Z. w. Lowery, also an in
luential New York capitalist and C.G.
Simpson, the wsalthiest coal operator
10 the Scranton, Pa, district. Chas.
Eddy has been in the east for three
months perfecting his plans to push
this road and such men do not organ
re new Operations merely to see how
The thing looks uCn paper.n