The Greeley tribune., 1906-05-24
GREAT PLANS
Money NOW ALL RAISED FOR
POWER PLANT
.heyenne, Lafayette and Louis
Vile Electric Plants Taken
Over by Big New
Corporation

BY the payment Of S4OO. 900 II
ash to Senator Warren last weel
he Northern Colorado Power com
any completed the deal for the con
blidation of the electric power
lants of the northern district.
enator Warren represented the
ockholders of the Cheyenne plant.
(he deal for the purchase of the two
lants Of the Consumers Electric
bmpany, at Lafayette and Louis
lille, was also consummated the
lme day. The Boulder plant was
nrchased by this company the week
efore, making $3.50, 600 that has
zen paid out in the past 10 days.
A meeting of the directors Of the
|orthern Colorado Power company
Jas held last week at which import
BIT action was taken. Last week
be company was reorganized with a
(pital stock of $1,000, 900. The local
rectors were all present and they
t contracts Tor the machinery for
be big power plant at Lafayette and
tdered the issue of bonds. This
tter was formaltiy, as the bonds
i've been f1oated and the money for
700, 600, worth has already been
Did in. Another million dollars
orth will be retained in the treas
fy and also two.thirds of the stock
ill be kept in the treasury unis-
led.
The contract for power and trans
)ission lines we're let to Westing-
puse, Church, Kerr & Co. and to
Westinghouse & Parsons for the tur-
ines. The contracts include the
kntral plant, lines, main generating
ations and substations. The con-
act with Westinghouse, Church,
terr & Co. amounts to 81, $50, 600 and
the largest power order ever made
D Colorado.
The company is now preparing
lans and specifications for the i'm
hense central power plant to be
fected at Lafayette, with the l67
hiles of transmission lines which
fill permeate the northern part OF
olorado and southern portion OF
yoming. The total amount to be
byested will be quite close to 81,
pO,O 900 and the probabilities are that
orthern Colorado and southern
Vyoming will be electrified from the
be central power station by Jan.
1907.
The Cheyenne plant includes some
hing more than the electric light
|lant, because the company ownec
|he city heating plant and Other
|aluable interests which are taker
)ver
Joseph j. Henry of Denver is the
representative of the eastern banker!
Phd electrical manufacturers who
re interested in this big corpora
pom, and he states emphatically that
Is not concern of the Denver Ga!
nd Electric company. For th'
{eason that two of the officers of the
lew company have been employed b.
lie Denver company that impression
as gone abroad.
The eastern directors of this com
aty stand high in the world o
nance. The board is composed o
!" directors, the New York director
oe'hg: j. N. Wallace, president o
lie Central Trust company; Edwil
''awIey, chairman of the Frisco rail
oau and prominently identified will
.ne Colorado & Southern interests
ueofge Z. Smith, vice president o
'"e Westinghouse Securities com
pany' tay' and Harry Bronner and II
', lhterteldt, members of the firm o
~, mal isarten & Co., New York City
i"e eight local directors are: Ty
son n Dimes, Thomas Keely, w. J
n,a,ker, Joseph j. Henry, w. Ii
n,'.'ison, N. Hon. T.. L. Warren O
looming, William Mayher Of Gree
ley and c. G. Bromley.
"t' Mayher states tnat the powe
m'0 r."''0 viii be located just over tn
i, i,"e IN Weld county, thus increas
hs lhe taxable corporate propert
"efe Immensely.
H.. "'ss Katherine Craig, state super
.ntelldent of schnnls rntnrned [