Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1902-11-24
FOUR LARGE
COMPANIES
Will Expend $50,000,000 in
New Mexico and the
Southwest.
BACKED BY THE GoULOS
Monster Steel Works Will Be
Erected at Pennington and
Another Railroad Will
Be Built.

The Denver Republican brings tn
news Of the organization Of four cor
porations which are to expend $4,000,
O0O most of this in San Juan county
New Mexico. The incorporation papers
are to be filed in the near future ant
the men behind the enterprise are thu
Goulds, and number of other million
p aires prominent in the railroad and in
dustrial world. Thus will be crowned
with success the effort of Charles e
Mcconnell, the president of the Smeltel
City Bank at Durango, Colo, who has
been visitor to Santa Fe upon severa
occasions, and who has been pushing
for several years, his pet project, the
Colorado and Gulf Railway, OF
which the survey has been completed
1t behooves Santa Fe now to work
might and main to gain connection
with that railroad and the San Juan
valley. The published map Of the rail-
road shows that it will not traverse
New Mexico for any such length of
distance as had been first planned, but
will only pass through San Juan coun-
ty and follow the course of the San
J.an river into Arizona and Utah and
then will pass through eastern Arizona
down to Clifton and by way of Pres
colt to Los Angeles, Calf. This will
give the Denver and Rio Grande a dir
ect route to Southern California and it
is understood that the Gould interests
which control the Denver and Rio
Grande will also build the Colorado
and Gulf.
But more important to New Mexico
even than the building of the railroad
will be the erection of monster steel
works at Pennington, San Juan coun-
ty. Says the Denver Republican:
THE STEEL PLANT. g.. -.. ...
In the vicinity of Pennington will be
located the steel plant of the South
western Fuel and Iron Company, to be
built on the most modern plans and to
utilize a process for the manufacture
of steel which is the sole property of
it's inventor, George C. Carson. These
patents are said to enable manufac-
turer to produce steel and iron prod
ucts, given the natural resources
cheaply for one-half the cost of maxi
ing the same article by any Of the pro-
cesses used at Pittsburg or any other
steel works in the world. Tt is propos-
ed by the promoters to manufacture at
the Pennington plant railroad rails
and merchant and structural iron and
steel, and the case-steeltruss railroad
tie which is the invention of Mr.. Gage.
The geographical location of the plant
is counted on to enable the company to
supply the oriental, west coast and
South American markets with steel
and iron products far below the cost Of
transporting them from other Ameri-
can plants.
The new railroad as planned will
commence, on the northeastern end, at
Creede, follow the Rio Grande to Its
head, and there open up the Bear
Creek mining district. The principal
camp in the district will be known as
Gold Cliff. This section carries i'm
mensely rich deposits of tellurium
ores, but the values have been lost in |
smelling processes. The deposits lay |
dormant except for spasmodic efforts |
made by poor prospectors to make |
them pay, which We're unsuccessful |
partly on account Of the inaccessibility |
of the district and partly because |
there were no known processes for saw
ing the gold values. Leaving the head |
Of Bear Creek the new line will strike |
the head Of the Vallecito, on the conti- |
mental divide Of the San Juan range,
and following this stream have wa
ter level route, 45 miles to Durango.
From Durango south the road will |
follow the Animas river to the junction
of that stream with the San Juan, af-
fording railroad facilities to the rich
agricultural and fruit growing region
Of Pennington, N. NJ, and Montezuma
county, Colorado.
BRANCH TO UTAH.
Following the San Juan river west
ward, the new road is to have a branch
Into the iron fields of Utah, which Is to
furnish the Pennington plant with raw