The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-06-03
WEALTH OF The PEGOS
More About That Wonderful
Western Valley.
BANKING BUSINESS GROWS
To Meet Local NeedS--COming
Carnival and Fair.

Carlsbad, NJ NJ, June MANY people
they are, in a certain way, but if any
one wha was familiar with the Peeos
valley two years ago could visit it today
and see the effect railroad has had on
4his region, although he might still claim
that railroads were trusts, he would be
compelled to admit that this particular
railroad was a very benign trust, sort
of blessing disguised under a wrong
name
The raod has made the valley from end
10 end.
Your correspondent had the pleasure
today Of showing around the city OF
Carlsbad a representative Of the Eagle,
and he visited institutions representing
capital amounting to over half a million
in good American dollars-clear-cut, solid
gold. Two years ago AIexicans and coy
otes were the only living things that in
tested this desert waste. The railroad
came. and with it came money and stores
and banks-and people. This trust
phantom is bein worked to a finish by
the yellow literature of the country, but
a few more such trusts in the Pecos
valley as the railroad has proved to be
would be very apt to set several Of our
ultra-Democratic friends to thinking and
thinking very seriously, too.
Thus far this station of Carlsbad has
shipped out some 1900 head of cattle, all
during the past twenty days, and there
Mill no Soma ooO mara Y,oo1rad from, bara
before the season closes. OF these ship
ments co per cent goes to Kansas feed
lots and the rest to Wyoming, the Da-
k0tas and Nebraska Kansas City is the
natural market for Pecos valley beef
stock and Kansas and Oklahoma pas
lures are its feeding grounds.
Colorado has never yet made an effort
for this magnificent cattle trade. Denver
people have let the chance slip by and
now Kansas and its tributary territory
has secured over half of 1t, and will
probably keep it.
The road has found water at all its
various stations on the plains, and today
POrtales, Bovina, Hereford and Canon
City can each accommodate and ship
$500 head of cattle inside of thirty-six
hours, If needed.
Water has been found on the eastern
division Of the road within eighteen
feet of the surface, and plenty Of it. Lit
kle towns, or, rather, side tracks, six or
eight months ago, are now fiourishing lit
tie cities. with their stores and school
houses, saloons, temperance societies and
churches
The valley proposese to develop itself
this year and do it in good style. too.
This town Of Carlsbad is now inviting the
entire southwest or at least such OF
them as can come. to attend one Of the
largest riding and roping contests Cbase-
ball and horse races thrown I'M, and the
greatest variegated barbecue ever
brought off in the valley. The subscrfp-
sions to this event would do honor to a
city Of 10000 people. This carnival comes
off July and 4.
Then, in October next. Roswell gives its
great fair which takes in the display of
hhe products Of Lincoln, Chares and Ell
der counties: ores, fruits, and, in fact,
Everything that lis raised in a mineral
and agricultural district.
The large cattle interests here have
greatly stimulated the banking interests.
A second bank. with something like a
eat Roswell The National bank now
there handles something like 100000 de-
nosits. At this place, Carlsbad. the Ma
Hional bank. an adjunct Of the First Ma
tional bank Of Kansas City, is doing a
good business.
The big banking house Of S. T. Biting
e, Co.. recently Incorporated under the
laws Of the territory as territorial in
tztitution, with a paid-up capital of $4,000
hnd A very handsome reserve fund.
Throughout, the valley today looks
nrosperous and somethink like money
making proposition. 1t is on its feet.
Years ago it was over-advertised, but to-
dav people find it more TO their advant-
ne 10 tell the truth about the country,
for IT will ''all come out in the wash"
GEO. II. HUTCHINS.