Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1902-05-31

fuel for heating purposes is very slight.
II is used almost exclusively for cook
ing purposes, and therefore the citizen
of Albuquerque prefers light wood for
quick fires. The stunted growth of
cedar. juniper and pinon pine has been
well nigh exhausted for miles ans
miles on all sides of the cities and vii.
lagos along the Santa Fe system. and
therefore the location of the American
Lumber company's plant at Albuquer-
que will mean both a fuel supply for
that city. which will be appreciated by
the residents thereof, and a revenue
for refuse to the company that win
aggregate a large income.
Markets and Freight Rates.
The Santa Fe railway system as an
initial freight proposition groups the
A~rizona-San Francisco mountain tim
Der and the New Mexico-Zuni noun
tain timber of New Mexico as one
point. IN makes a common rate for
the entire district between Albuquer-
que and Williams. both east and west.
The company's rate for the distribu-
ton of the good end of the product in
the east is remarkauiy favorable. being
"a cents per hundred from Williams to
Chicago, or less than one-thlrd of q
cent per ton per mile. the distance be-
ing about LOO miles.
Possibilities in Mines and Grazing
Lands.
The American Lumber company has
purchased In fee simple the Mitchell
Bros. Zuni mountain timber property,
approximating 800, 900 acres in area.
While the company is depending pri-
marily on the development of its tim
Der holding for immediate to
make it's stock a well paying one, it
has no inconsiderable contingent as
sets. The district in which the COM
pany's property. lies rich in minerals,
the surrounding country being prolific
in well paying coal, gold. silver. lead
and copper properties. Up to this
time this section has not even been e X
plotted as a mining proposition. but
surface indications are very favorable
to the development of good paying
mines.
A third and not to be despised asset
of the company is it's immense area Of
grazing lands. At this very time 1t is
estimated that no less than 300 900
sheep are being grazed on the property
of the company. The sheep men are
largely poachers on the company's
lands, and with comprehensive logging
operations going on of course they
would either be excluded from the
property or leases made of the pas
turage.
Personnel of the Company.
The president of the company is the
Hon. A. r. Chapman, of Chicago, who
has beer a Michigan lumber operator
for many years and is a man of high
character and strong financial worth,
The vice president is e. e. Crepin, OF
Chicago, formerly of the lumber firm
of Crepin, Murphy & Sons. The sec
rotary and treasurer Is George ID. Hard
ing. of Chicago, a ~financier of high
standing and long experience.
The executive committee of the Am
erican Lumber company consists OF
the Hon. j. S. S%tearns, of Grand Rap
ids. Mich, who is an immensely sue
cessful lumberman, and whose opera
tons are familiar to the readers OF the
American Lumberman; A. X. Chap
man, of Chicago, and w. II. Sawyer,
the well known banker-capitalist OF
Hillsdale, Mich.
The board of directors of the COM
pany is made up of a group OF capital
lists and experienced lumbermen OF
Michigan and Illinois, all of whom are
of high standing. The manager OF the
stock sales of the company, n also
a member of the board of directors. is
ID. w. C. Merriam, of Merriam & Kueb-
Ter. a well known attorney of Chicago,
who has had a large experience in
stock organizations.
Chicago, May IA, 1902.