The Elk Mountain pilot., 1900-12-25
INDUSTRIAL COLORADO.

Colorado is entering upon a new
era of industrial development.
When two years ago Andrew Car
negie asserted that Pittsburg could
successfully compete with any
other part of the world in the man.
ufacture of steel except Colorado,
announced an economic truth not
fully appreciated by our own
people.
The mountains within the bor-
ders of this state contain more
latent wealth in coal than ever has
or ever will be taken from them in
precious metals. This seems to be
a broad assertion, but it is never
theless substantiated by facts.
While the production of gold
and silver will undoubtedly in
crease materially with each sue
ceeding year, yet the needs of the
world for coal are SO great, and
daily becoming greater and our
supply so immense and inexhaust-
ible that our chief wealth for the
future will be in the more common
production of the black diamonds
than in the rarer gems of white
and yellow which lie deep in the
hearts of everlasting rocks.
The old world is entering the
trials of a veritable coal famine,
and the American coal agent trav-
cling in Europe has al! the bust
ness he can do. Several days ago
Mr.. Earl B. Coe, of Denver, gave
most interesting statement to the
Denver Times, of Colorado's out
look in the coal line. Mr.. Coe is
authority on this question at home
and abroad and his statements
carry much weight. Among other
things he says:
''This is the time for every citi-
zen of Colorado to put his shoul-
der to the wheel and do his part
toward the development which is
bound to make us the wonder of
the world. Iron and steel indus
tries in Colorado, with the devel-
opment of our coal fields, would
mean new railroads, dense popu-
lation and value in our annual
product greater than we have ever
imagined possible. When these
developments come, as they cer-
tainly will, every man will do well
to have set his stake on a Denver
lot. The export business is grow
ing 80 rapidly that many New
York banks, trust companies and
financial institutions have opened
departments occupying whole
floors, devoted exclusively to hand
ling foreign exchange as de-
manded by this business. In
times when peace and security are
felt capital naturally looks to un-
developed resources for invest
ment. The next four years is 60
ing to be an era of unparalleled
prosperity. | think it will con-
tinue longer than that, though
naturally with intermittent periods
of slight depression.
"The beet sugar industry and
its vast possibilities in Colorado
are also attracting a great deal of
attention in New York. Last Sat
urday special train left New
York for Colorado bearing capital
lists who desired to personally in
vestigate the possibilities of the
industry. Some of these with
whom I talked mentioned to me
the fattering reports they had re-
ceived from the Arkansas valley,
though they did not say it was
their purpose to select any certain
locality. The fact that the factory
at Sugar City is reported to have
carried to the account of dividends
and Improvements in their plant,
100000, as the profit OF the first
year from plant which cost
only 100000, has attracted the
widest attention of capitalists.
Investors have heard the reports