The times. [volume] (Richmond, Va.) 1890-1903, 1902-09-07

lat co-operatea with the late John Evans.
Governor Of Colorado, in building the
Denver and Pacific Railroad between
Denver and Cheyenne, thus connecting,
in 1859, Denver with the Union Pacific
Railroad. The Denver Pacific was the
first railroad to connect Denver with the
outside world. He was also President of
the Denver and Rio Grande Railroad, and
il was during his presidency, IN 1885,
that the railroad was extended to the
mining camp of Aspen. in Pitliin county,
and later, 1ir. AIoffat, personally fur
nished $4,000 to build an extension from
the Denver and Rio Grande Railroad ter
minus, at Wagonwheel Gap, to Creede.
This extension was only nine miles long.
but the traffic proved SO great and SO
profitable, that it repaid the Whole OF
the principal in ninety days. He also
was mainly instrumental in building the.
Florence and Cripple Creek Railroad. per-
sonally furnishing Sl,0Jo,00u for its con-
suuction and equipment, and this was
done during the panic of 1898. For years
it has been one OF the most profitable
lines in Colorado and it did much to open
up the Cripple Creek District.
Although euga ged, it may be truly said.
IN every ENTERPRISE OF Importance in
Colorado, Mr.. AIoffat has always been
a public spirited citizen in all that ten
dercd to develop Denver and Colorado,
For four years he was Treasurer of
Colorado. when it was q Territory. and
during the administration of his friend
Governor Evans, he held the office of
Adjutant General. He has been often
urged to accept a nomination in thS
United States Senate, but has always de-
clined. Indeed. in the Rocky Mountain
country. John W. ATacliay and David II.
Moffat are conspicuous as men who
turned that honor down" Yet Mr.. Moi
fat is a public man or in public life. His
st,-,, -+e- ~ n D,;5I
his VIII and his wishes exert an immense
influence.
Mir. Moffat was once asked: ITO what
do you attribute your success?" Quick as
tightening came the answer: Strict at
tention to business and hard work
Leave nothing TO luck or chance. l asso-
| ciate with myself men who have techni-
cal and practical knowledge, give them
| q large share in the successful results
and conduct every. special line Of business
| on sound and conservative business
lines This policy can be detected in
Ian his many enterprises. But there is
| something more than this. Mr. Noffat
is by nature a man OF insight. of intui
tive perceptions. He quickly examines
project, a plan; and grasps every aspect
of it III a glance He decides at once
what it promises. He is bold and aggres-
sive He never falters in carrying out his
ideas His judgment is sound. The
suit has been that he has become q finan-
cier Of national reputation. In his deal
iugs he is not only fair, but generous.
lie is kindly by nature. and the people
he has attracted to him, or who have
business relations with him, experience
an agreeable sensation in his presence,
Which make them anxious to serve him
or be associated with him. He took an
active part in organizing the Denver City
Water Company, which owns and oper-
-, -tay-, - h anti 1-n
! country; also the Denver Tranway Com
| pany, which owns and operates one hun
| dred and fifty miles of electric street
| railway In both companies he is the
/ largest stoclhol6er.
/ His ,,rcat SUCCESS in mining enterprises
! has sometimes given ground To the idea
4 that he was a MINER. This is an error.
4 Mr.. Moffat has been all his life bank
/ er In the seventies" and eighties" he
/ Was a large owner OF mines in Leadville
] which within a few years paid millions
! in dividends He is to-day heavily in
/ tercsted n Leadvillc mines including the
! Resurrection, u gold-silyer producing
| property, of four hundred acres, employ
/ ing one hundred men. He was also the
+, chief owner of the Bimetallic Shelter
/ LeadEille which employs two hundred
ing and Refining Company.
MI, ->ipl-at , iiili4llS experience is most
| interesting. In every enterprise he has
4 partner. In mining he has a mining
/ partner This mining partner" is a
1 practical man. He devotes all his time
and all his energies to the supervision and
/ general management OF the numerous
! mines and ore treatment plants. He
/ closely INVESTIGATES every new enterprise
] When he has his report on any new prom
erty he submits all his facts to Mr.. Moi
! fat with his recommendations. In 1891
1.-THE mining partner bought g prospect
| in Cripple Creek. Mr.. Moffat arranged
/ the financial end paying $3.50 down and
/ agreeing TO pay S60.0ol in q specified time
| s5.oG0 was spent by 'the mining partner"
| in iudicious Development work The re-
suit was that $4,000 was paid within the
! agreed time from ore taken from the
| mine. In 1898, a company was formed
| for 81. 100000 and in short time it paid
! 900 IN dividends Mr.. Moffat being
one of the largest stockholders. He Is
also interested in the Commodore Mine.
which has paid as high as $4,000 per
month In dividends and the Holy Moses
| Mine, the Amethyst and others. His prof
| It's and income from mines runs into the
| millions.
| Mr. Moffat has several times made mil
lions by connecting mining camps with
railroads by building short lines and by
the erection of smelters and electric
works. His Denver and South Park
| Railroad. $50 miles long, at one time
Welded larger profits than any y-n i,road