Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1900-04-07
CRESCENT COAL MINES,
Big Transfer Of Gallup Properties
to Capitalists.
POSSESSION TO st on NEXT MONDAY.

About a We kago The Citizen. from
outside sources, was put into posses-
sion OF facts that lead u 70 beliov that
tue Crescent Coal company, operating
coal mines "a Gallup. had been pur-
chased o. would sum b.. by the COL
Grad Fuel a iron company. Local
members VI the crescent company we're
seen abou, the reported sale, uut seem
ingly. they woro surprised, " VA other
words, did not care W give out the im-
portant anu desired Information.
The following article from the Dem
yer Republican. March ~, tells the
story of the sale
A deal involving hundreds ~ thou
sands Of dollars. Ia which money OF Of
noials OF the Colorado Fuel A irOn COM
pAny aud vt New YORK capitalists Will
% invesied, via be closed In April,
when the American Fuel company. =
new organization not YET Incorporated.
"ih become owner OF three mines az
Gallup \. a., now the property OF the
Crescent Coat company. operating In
opposition 60 the Colorado Fuel a Iron
comapny. The mines have an output
or alb ut JOQ,V00 tons u year, ali OF
which 10 put ON tho market Ia New
Mexico. Arizona and California. The
deaf means that TIE Colorado Fuel a
Iron company will secure practical con-
troll Of all the coal minca In the GAL
lup district. except those operated BY
senator W. A. clark. the CALIFORNIAN
aud the Rocky cum Coal companies.
Among the Denver capitalists inter.
pstrd la the deal are J. A. kepler,
general manager OF tho Colorado Fuel
a Iron company. A. G. CaHs. vice prcai-
dent Of thesame concern, and John l..
Jerome. its treasurer. The fact that
the capital IL practically the same mon
ley that controls the Colorado company
IL considered SUFFICIENT evidence that
the Colorado company has captured e
prize toward which " 10 said lie eyes
have been turned for long time. The
l0ncialn OF the company. however deny
that the Colorado Fuel d Iron company
as an organization. n behind the deaf,
and assert that as officials are making
only a private Investment. The deal
~ % such Importance that Mr, Keb-
Ter IL now in New Mexico. presumably
going over the ground ami closing
all preliminary arrangements 80 that
there may be no hitch IN the dai
Negotiations have ben wei under way
for a long time. but was not finally
put on the road 90 completion until NJ.
W. Flournoy. a banker az Albuquerque
N a.. came to Denver few daya agu
and went over the plans with the In
tereHted officials of th eCol0rado Fuel A
Iron company Even fatcr all arrange
menta had been made the utmost Sc
crccy was enioined upon All concerned
and "a was intended 10 complete the
. transfer without publicity. Vice Pres
J ldent Casa of the Colorado Fuel A Iron
, company said last night.
- h true that negotiations are under
way for the purchase Of the Crescent
: mines. not by che Coloraco Fuel A. Iron
company. but by the American Fuel
! company. IN which some OF the indiy-
iduals interested ia the Colorado Fuel
a Iron company have invested. This
{ Transaction has rot been completed
, and until It has 1 have nothing further
t0 say"
Mr.. Jerome verified the report of this
, deal. hat emphasized the statement thai
the Colorado Fuel a Iron company wal
, not connected with " except as Il Il
1 represented by individual stockholders
o whe asked what constituted th'
e American Fuel company he smiled ana
sandid that the company had not yc
been Incorporated An officer OF IN,
Colorado Fuel a Iron company. said.
[ while the American Fuel company
and the Colorado Fuel q Iron company
r win not exactly be one aaa the sam,
e thing they VIII not claah--you can bel
I on That The capital Ia largely Den
0 yer m0ney--lnyea;ed hy officials OF IN,
q Colorado Fuel 4 Iron company. -whii.
d the rest IL from New York The dca
D viii result Ia valuable improvements
o Ia the property consequence benefits
Z 20 the people % Arizona. New Mexic,
% and California. who consume the out
1 put % the mines. The deal p0sltivell
e VII be- closed April 2 ana all PLAN
have been made accordingly"
HIRE m THE CITY.
J. A. KeDlcr, general manager o. IN
J., Colorado Fuel 4 Iron company. am
cap, Robinson. In charge Of the s;ss
department ~ the company. reached
= the city last night, and to-day hav
y been In consultation with the looa
J members OF the Crescent Coal com
y pany This afternoon. W n. Hahn. tn
y weli-known dealer In Cerrlllos an
Crescent Goals on FiFA street. had IN
= two gsntlemsn part Of the time a
l. chargS
Z, nswars of Ointmsnts Tor CatArsh thas Dos
,r tsio asrruFy,
!. A. mercury will surely destroy IN
l. sense Of smell and completely deranx
t. tho whole system when entering