The Colorado statesman., 1906-05-19
SEA LEVEL CANAL BIC POWER DEAL
CONSOLIDATION OF NORTHERN
ELECTRIC PLANTS.
LARGE INVESTMENT MADE
VIII Include Cheyenne, Boulder and
Lafayette and Louisville
Enternrises

DenVer-By the payment of $780,
O00 IN cash to Senator Warren Monday
the Northern Colorado Power Com
pany completed the deal for the consol-
1datlon OF the electric power plants of
the northern district. Senator Warren
came from Cheyenne for the purpose.
He represented the stockholders of the
Cheyenne plant. The deal for the pur-
chase OF the two plants of the Consum-
ers, Electric Company, at Lafayette
and Louisville, was also consummated
Monday. The Boulder plant was pur-
chased by this company last week,
making $750,000 that has been paid
out In the past ten days.
A meeting OF the directors of the
Northern Colorado Power Company
was held Monday afternoon, at which
important action was taken. Last
week the company was reorganized
with capital stock of 100000. The
local directors were all present yester-
day and they let contracts for the ma
chinery for the big power plant at La
fayette and ordered the issue of bonds.
This latter was a formality, as the
bonds have been fioated and the money
for s2.OO0,000 worth has already been
paid in. Another million dollars
worth will be retained in the treasury
and also two-thirls of the stock will
be kept in the treasury unissued.
The contract for power and trans
mission lines were let to Westing
house, Church, Kerr G Co. and to
Westinghouse & Parsons for the tur-
bines. The contracts include the cen
trail plant, lines, main generating sta
tions and sub-stations. The contract
with Westinghouse, Church, Kerr &
Co. amounts to $1,150,000 and is the
largest power order ever made in Col
orado
The company is now preparing plans
and specifications for the immense CEN
trail power plant to be erected at Lafay-
cite, with the 167 miles of transmission
lines which will permeate the northern
part of Colorado and southern portion
iof Wyoming. The total amount to be
invested will be quite close to $4,000
900 and the probabilities are that
northern Colorado and southern Wyo-
ming will be electrified from the one
central power station by January 1,
1907.
The Cheyenne plant includes some
thing more than the electric light
plant, because the company owned the
city heating plant and other valuable
interests which are taken over.
Joseph ]. Henry of this city is the
representative of the eastern bankers
and electrical manufacturers who are
interested in this big corporation, and
he states emphatically that it is not
concern of the Denver Gas and Elec-
trical Company. For the reason that
two of the officers of the new company
have been employed by the Denver
company that impression has gone
abroad.
The eastern directors of this COM
pany stand high in the world of fl
nance. The board is composed of thir-
teen directors, the New York directors
being. ]. N. Wallace, president of the
Central Trust Company; Edwin Haw-
ley, chairman of the Frisco railroad
and prominently identified with the
Colorado & Southern interests; George
C. Smith, vice president of the West
inghouse Securities Company, and
Harry Bronner and H. Winterfeldt,
members of the firm of Hallgarten &
Co., New York City. The eight local
directors are: Tyson Dimes, Thomas
Keely, w. ]. Barker, Joseph ]. Henry,
w. H. Allison, Hon. F. E. Warren OF
Wyoming, William Mayher and c. G.
Bromley.