Albuquerque weekly citizen. (Albuquerque, N.M.) 1891-19??, 1902-03-15
NEW MEXICO PINE.
Will Be Put On the Market By a Big
Company.
GOOD RATES ASSURED.

The Michigan company which has
been organized to use the pine IN Nc.
kinloy and Valencia counties, will
soon begin active operations The
company is known as the American
Lumber company and "A recent issue of
the Chicago lutorOccan 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 hc only a matter OF
Few years. has caused a number OF
wei known Chicago and Nj 'hran cap
ltalists to embark In a novel undertake.
ing. These men have formed com
pany which proposes To substitute in
the market the pine of New Mexico
for the Michigan pine. The undc"tak-
ing is based on the belief which many
lumhormon hold that the relief of tho
Lake superior forests must come from
regions hitherto unwurkcd and also
on the opinion given by experts that
the pine of New Mexico offers an avail.
allc substitute tor the Michigan pine.
COMPANY HAS 5000 900 CAPITAL.
An sS,uooO0o company has been
formed under tho laws of New Jersey
and will have its headquarters in the
ROokery building. Chicago The local
capitalists back of the scheme are \.
X, Chapman. who is the president of
the new company T. T. Cr"pin the
vice president and Albert Il Fay. traf.
iic manager for Swift & Co. who Is
one OF the directors. Attorney - W.
G. Merriam attended to the legal de.
tails of the organization
Among other prominent people in.
tcrestcd are Governor \. X Bliss. of
Michigan. ]. : Stcarns. of Grand
Rapids. who is one of the best known
mmhcrmen in the United States; Sec
rotary James II. Wade. of the tnivcr-
sity of Michigan, and A. +. Freeman
president of the Michigan state tax
commission W II. Sawyer. of Hills
dale. Mich. is associated with Mossrs.
Stcarns and Chapman on the executive
committee
, TRACT or 300 900 ACRES BOUGHT
This company has purchased
tract of 500. 900 acres in Mckinley and
Valencia counties of New Mexico
which is said To contain 1000 ,Ouo 600
/ feet of white pine The tract Of land
was purchased from the Nit he'll
Brothers OF Cadillac. Mich. well
known lumhcrmcn, who. years ago.
foresooinE the present dearth in white
pine. selected IT as having the best sub
stitute that could hC found for the
Michigan article. II is the purpose OF
the company TO erect AZ once several
/ saw mills and To begin 10 take ont the
/ lumber as last as the market requires.
II is understood traffic arrangements
have been made with the Santa ="
railroad The land is reported TO con.
, tain gold copper and gypcum deposits.
| which will bee mined when the lumber
, has been cleared.
GOOD RATES
The question OF assistance and good
rates from the Santa Fc has been de-
;ermined by the following letter from
! Paul Morton. second vice president
March {. 1902.
Mossrs r. |. Lohdoll 4 Co, Bank
crs. Chicago -Gontlemen ! am asked
by people Interested In the American
) Lumber company 10 tell you what our
position viii hc so far as the develop
mont OF the tract OF timber owned 10y
that corporation in the counties ot Nc
Kinley and Valencia in TIA" territory Of
New Mexico will bee. We will do every
thing that We can consistently to make
our rates on the business SO that II can
be developed We have had frequent
interviews with people VINO are inter
ostcd in this tract OF timber. and W"
have said To them what we now say 10
YOU that We wCuld like 10 see the prop
crty developed. and viii do everything
that we can within reason To foster IN"
enterprise and promote the distrihu-
ton of the lumber. We know II tho
Mitchell tract OF land and have been
surprised that II has not been taken
hold of before. as all of our reports
show that II is a first class tract Of
I I, Nnurg tpulN