Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1902-03-13
NEW MEXICO PINE.
Will Be Put On the Market By a Big
Company,
GOOD RATES ASSURED.

Inc Michigan company which has
been organized to use the pine in Nc
Kinley and Valencia counties. will
o on begin active operations. The
company Is known as the American
Lumber company and a recent issue of
the Chicago Inter-Ocean says:
THE fact that the white pine forests
of the Lake Superior country and Can
ada are being drawn on for lumber so
heavily that the exhaustion of the sup
ply is considered to be only a matter of
a few years, has caused a number of
well known Chicago and Michigan cap
italists to embark in a novel undertake
ing. These men have formed a CON-
pany which proposes to substitute in
the market the pine of New Mexico
for the Michigan pine. The undertake
ing is based on the belief. which many
lumbermen hold. that the relief OF the
Lake Superior forests must come from
regions hitherto unworked; and also
on the opinion given by experts that
the pine of New Mexico offers an avail
able substitute for the Michigan pine.
COMPANY HAS $4,000 900 CAPITAL.
IAN $4,000, 900 company has been
formed under the laws of New Jersey.
and will have it's headquarters in the
Rookery building, Chicago. The local
capitalists back of the scheme are A.
r. Chapman, who is the president of
the new company; E. Z. Crepin. the
vice president, and Albert r. Fay, traf-
fc manager for Swift & Co., who is
one of the directors. Attorney ID. w.
c. Merriam attended to the legal de-
tails of the organization.
Among other prominent people in
terested are Governor A. r. Bliss. of
Michigan, j. s. Stearns, of Grand
Rapids. who is one of the best known
lumbermen in the United States; Sec
rotary James H. Wade, of the Univer-
sity of Michigan, and A. F. Freeman,
president of the Michigan state tax
commission. w. H. Sawyer, of Hills
dale, Mich, is associated with Messrs.
Stearns and Chapman on the executive
. committee.
TRACT OF 100000 ACRES BOUGHT.
This company has purchased a
tract of 300 900 acres in Mckinley and
Valencia counties of New Mexico,
which is said to contain 1000, 900 900
feet of white pine. The tract of land
was purchased from the Mitchell
Brothers of Cadillac, Mich, well
known lumbermen, who, years age,
f%oreseeing the present dearth in white
III oSiSStSu o0 hoNihS II bVot ouo-
stitute that could be found for the
Michigan article. 1t is the purpose of
the company to erect at once several
saw mills and to begin to take out the
lumber as fast as the market requires.
1t is understood traffic arrangements
have been made with the Santa Fe
railroad. The land is reported to con
tain gold. copper and gypsum deposits.
which will be mined when the lumber
has been cleared"
GOOD RATES.
The question of assistance and good
rates from the Santa Fe has been de-
termined by the following letter from
Paul Morton. second vice president:
March 4, 1902.
Messrs. E. L. Lobdell & Co., Bank
ers, Chicago.-Gentlemen: / am asked
by people interested in the American
Lumber company to tell you what u
position will be so far as the develop
! ment of the tract of timber owned by
that corporation in the counties of Nc
Kinley and Valencia in the territory of
New Mexico will be. We will do every
thing that we a consistently to make
our rates on the business SO that 1t can
be developed. We have had frequent
interviews with people VINO are inter-
| ested in this tract of timber, and we
have said to them what we now say to
you that we would like to see the prop.
4, erty developed, and will do everything
that we can within reason 10 foster the
| enterprise and promote the distribu-
ton of the lumber. We know of the
! Mitchell tract of land and have been
! surprised that it has not been taken
| hold of before, as all of our reports
show that it is a first class tract of
| timber. Yours truly,
PAUL MORTON.
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