Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1900-12-27
GLOWING PROPHECIES.
The Establishment of a $4,000, 900 Steel
Plant at CAPTAIN Is Spoken OF,

The site for the big steel plant of the
Linderman Coal and Iron CompanJ has
been located northwest of Captain be-
tween the mines and town, says a ils-
patch to the Denver papers. -Four
shafts are being steadily worked - IL
velop the immense coal body which the
company is assured underlies the 1000
acres of land recently purchased by il.
The best modem hosting machinery
has been installed and inclosed by shaft
houses. The company does not contem
plate shipping coal to the Ell Paso mar
ket, but proposes thoroughly to exploit
the coal before eXpending SO 5000, 900 in
the erection of a steel plant. The cca,
vein being developed is s feet thick, and
the indications are that it Is remark
ably regular. A great deal of work has
been done on the coal deposit In the
past two months, and no faults have
been encountered, so the management
is reasonably certain now that the COM
pany has a big thing, and that the
whole deal will go through w:lrout
hitch, and that work will be started on
the steel plant shortly after the first Of
the year. The steel plant location has
a down haul from both the coal fields
and iron mines.
The Ell Paso & Northeastern Railway
Company has completed it's survey of
he track from Captain to the proper
ties of the Linderman company and
track laying will be started afte, The
first of the year
The iron mines operated by the COM
pany are located in the Captain noun
tains three miles north of Captain, ami
a large force of men are now engaged
in developing them. In addition to the
mines owned by the company, it has
secured options on 5000 acres of VAL
liable mining land owned by others.
Nearly every miner and prospector IL.
the country has a claim in the iron
belt, and all are keeping up their as-
sessments, hoping to sell the mines Or
the product from them to the company
at some future date. Every expert that
has visited the mines has reported very
favorably ON them.
Archibald Mccullough, who recently
made an examination of the coal arG
iron fields for the benefit of the Lin1er-
mar company, has made a most glow
ing report to the stockholders, and they
have decided to begin the shipment of
machinery for all purposes at once. Ci-
rectors of the Bethlehem Steel Com
pany, of which r. p. Linderman is pres
ident, are back of the enterprise. TIE
concern is not cramped for finances by
any means, nor is it backward eb9ut
spending money when a CONCLUSION Is
arrived at.
1t is not believed here that the Beth
lehem company will prove a heavy COM
petitor of the Colorado Fuel and Iron
Company, and it is doubtful If western
business will be bid for by the concern
1t has been awarded a contract to fur
nish $9,0 600, 900 worth of armor plata to
the United States government, which
contract will keep it busy for several
years, without considering commercial
steel and machinery. The Bethlehem
company's coal mines in Stockton. Pa.
We're closed recently because unprofit-
able to work, and the concern has since
turned to western fields for investment
in order that their contracts may be
filled without delay. While the company
owns large mines in Cuba and Spain,
none of the foreign ore will be shipped
into this section, because of heavy
freight charges, and everything will be
produced right on the ground for feed
ing their blast furnaces, rolling mills,
etc.
The company is Of the opinion that it's
new possessions in New Mexico rival
those owned by Carnegie, and they will
expend millions of dollars and give en-
ployment to thousands of laborers in
the vicinity Of Captain to prove their
belief.
The New Mexico Fuel Company IS
o shipping from 1000 to 1900 tons of
coal per day. 1t is taken by the Mexi-
can Central, Southern Pacific and other
railways, and very little is left for Ell
Paso consumers.
Detroit capitalists have procured a
lease IN 5000 acres of Captain. coal land
and are preparing to develop 1t.
The business men of Captain feel
highly elated over the indications Of flu
ture prosperity, and confidently look for
the establishment of a second Pueblo in
the course Of the next two years.