The Montgomery advertiser., 1901-06-09
TEXAS HIDDEN WEALTH
DISCOVERY OF OIL AwAKENs CAPITAL AS IF BY MAGIC.
Hogg and Associates Invest Over one Million Dollars in Cherokee County Iron Field-State's
 Industrial Outlook.

Globe Democrat.
 Houston. Tex. June 6.-The discov- cry of petroleum at Beaumont has been the cause of a general awakening in Texas and outside the States as to the possibilities of the hidden wealth. and it has also stirred up an interest which will result in the development of wealth which is not hidden, and has ] been in plain sight ever since Texas was. These include the mountain of iron near Llano, the mountain of mar ! ble near Maria. Presidio county; the . iron fields of Cherokee county, and the mound of sulphur near Columbia, Bra Eoria county. These four freaks of na- ture have been the foundation for many dreams of wealth, but the
 dreamers either lacked the nerve or < the capital and the opportunities have awaited the magic influence of oil.
 Now men with a supply of cash suffi- S cient to do the work have taken hold, and there is small doubt that they will be repaid manifold for their invest ments.
 A Chicago firm has purchased the
 mountain of iron in Ilano county from
 New Orleans people. who have owned It { for years, knowing what 1t was, and yet lacking the enterprise to develop ne mountain IS SlIudtCu dpoNb IL j miles from Llano, and contains re-
 markable deposit of iron ore. inc outcroppings ot black magnetic ore are 5 immense. of a very fine quality. and ! easily workable Prof. N. J. Badu of
 Llano, thoroughly familiar with the
 mountain, said of it in a recent inter
 view
 The ore in this mountain and the
 rock formation in which 1t is found is identical with that of the Great Repub-
 lie mine on the Marquette range in the
 Lake Superior region. The ore com mands $l per ton more in the Cleve- Hand market than any other. There are
 $40 acres embraced in the iron noun &tain. and enough ore can be found #there to keep every steel mill in the &countrv in operation for many years.
 The Chicago purchasers have not dis
 c!osed their plans as to the disposition
 of the Llano ore, but it will be no trick
 at all to ship from three to four mil- sljon tons of ore each year. It may be
 the intention of the purchasers to reach
 hide water with the ore, but in view of
 the recent discovery of petroleum at
 Beaumont. they may not be put to that trouble. as they can melt the ore much ssnore cheaply at Llano and ship the Ndron.
 The mountain of marble is located hear Maria, PreStGio county, Tn the eX- .zhreme western portion of the State. It zrises to a height of about 5000 feet, Rand covers an area of about forty scres. An examination has shown that
 all sorts of marble are to be found, from the pure white of most excel #lent quality to drab that is almost Nblack. Some of it Is richly tinted and
 yaricolored Texas capital is now largely interested in the development
 Inf the quarry, and the headquarters of
 he company are at Houston, which Twill be the chief distributing center. M D. Jordan. the principal owner, has Rived within sight of the big hill near
 V all his life and has known of the
 reasure it contained. but has beeen
 Handicapped heretofore by lack of eapital.
 There Is also a famous mountain of
 frantic in Burnet county. whence the Etone for building the State Capitol at 4Austin was taken. but this property 1has been allowed to rest. Some thous- huds of tons of it were dumped into
 he gulf in constructing the jetties at Galveston and Velascoe, but the public
 buildings of the State are built of brick
 or limestone.
 I The mound in Brazoria county Is
 me of several in that country, but the
 bne now being developed-known as
 Danon's-is of a more peculiar form htion than the others. It rises from