Durango semi-weekly herald., 1901-02-18

mountain towns.
The Herald contained dispatch
Monday announcing the raising of
money TO build beet sugar factory
a. or near Denver. The Denver News
Of Tuesday morning devotes consid-
erable space to the proposition and
Sc republish the article, as 1t shows
hat there Is money for sugar facto-
les whore the facilities are such as
. encourage Investment That Du-
nngo should be as fine point as can
1e found In the state no one ques-
lions. but 1t takes enterprise on the
part Of our people In setting forth the
acts. Unless our people are deter
mined to remain dormant, now is the
locepted time to get together. and
rhe Herald earnestly entreats at
cast an attendance of 200 at tonights
| meeting. The News article is as fol
ows;
Charles Boettcher. president of the
National Bank. of. CemntfiYa ne woiuis
take the entire 100000 OF stock In
l nc nov 'fhNfl OHtl
I'd to Investors In this city. Tire 9th
| sr 100000 of stock Ia taken by 9
irm OF private bankers In New Yorl
| Mr. Boettchcr Is acting for himself
iohn Il. Campion. James ]. Brown
ind ]. Ia Mckinnle They are the
'nme mcu who built the sugar factory
i Grand Junction and who are now
quitting up the big sugar plant u,
.oyeland
Work on the Loveland plant Is be
ng pushed SO that it win be ready tc
landlo the crop OF beets raised this
ear. II Is occupying so much OF the
merry OF the gentlemen Interested
hat the Donvcr factory will not be
luili for this years business. 1t will
DC ready, however for the beet cror
ieNt year. Farmers in the vicinit,
Gantng boets this year as their crop
an be handled by the L.oyeland fac,
.ofy, with the assistance of low rates
IN the Colorado & Southern.
The first big block of eastern money
nut into beet sugar factories in the
vest WAS Invested by Kuehn, Loeb &
Co, the same firm which lately sold
he balance OF power in the Southern
Pacific railway to the Union Pacific
rhoy invested heavily in the Amer.
lean Beet Sugar company, the com.
pauy OF which Henry T. Oxnard Ia
president and which has constructed
one or two big plants In otero county.
The attention of the firm OF bank
ers which is going into the Denver
facUry was attracted to the success
of kuehn, Loeb & Co.'S Investments
and to the working OF the Grand June
tion, Sugar City and Rocky Ford
plants In this state, where climate.
soil and irrigation unite to produce
results that cannot be obtained else
where After the appearance of the
New Hear'a News, which contained
Rn elaborate article by John r. Leet
on sugar bects. they wrote to Thom-
as keely, cashier OF the First Nation
al Bank of this city, proposing to put
In 100000 II local men would invest
$500 600 with them. Mr. Kcely placed
the matter in the hands of Mr.. Leet.
a meeting of the chamber of com.
mefce was called and public interest
was aroused. The entire sum now
has been subscribed without the
chamber Of commerce or the general
public being called upon. Mr.. Keely
is not prepared to make known the
names of his New York correspond.
euts until the transaction has been
formally closed.
II may be said that the same bank
Ing firm authorized MIR. Leet to oner
to take 5000, 900 TO 100000 of stock
In the new Loveland company. bur
MIR, Boettcher, In behalf of the owncrs
or that company, declined the OFFER
with thanks.
Beet sugar culture in Colorado was
pushed to the front by John F. Cam
pino while he was president OF the
chamber of commerce.. With Messsrs.
Brown. McKinnie and Boettcher he
later built the Grand Junction fncto.
ry' The operations of that factory