Gilpin observer., 1906-02-01
Important Electric Company.

Il
The United Hydro Electric Com
pany, with a capital stock of $500, 900,
has filed articles of incorporation with
the Secretary of State at Denver. The
new corporation was formed for the
purpose of taking over the electric
plants, properties and franchises, held
by the United Light & Power Com
pany, the Cascade Electric Company
and the Green & Clear Lakes Com
pany, and for the purpose of acquiring
additional franchises, property and
water rights for the manufacture and
sale of electric light and power.
The United Light & Power Company
is capitalized for $4,000, in 1,40O
shares OF the par value of $25 each;
the Cascade Electric Company has a
capitalization of $65,000, divided into
$50 shares of the par value of 800
each, and the Green & Clear Lakes
Company has a capital stock of s25,000,
the division being $500 shares worth
$40 each at par.
The United Light & Power Company
has 100000 in bonds outstanding,
which will be assumed by the new cor
poration, and the new company will
issue an equal amount for the compile
tion of the enlargement of the equip
ment and extension of the generating
plant and power transmission lines.
| The new company now owns or con-
trolls beteween 400 and 500 acres OF
land in and surrounding the lakes in
East Argentine district above George
town. The company now has seventy
five million cubic feet of water in their
lakes and reservoirs, and when the
dams and waterways now under con-
struction are completed, will be able
to hold an additional 50,000000 cubic
feet of water. The distribution is as
| follows:
| Clear lake covers an area of twenty
seven acres; Green lake, fifteen and a
half acres: Silver Dollar lake. sixteen
acres, and Murray lake twelve acres.
| Several miles of bitches and fumes
have been built and several excellent
reservoir sites will be utilized during
| the coming year.
| The main power-generating plant is
| located in Georgetown and now con-
tains two 500 horsepower and one 625
| horsepower water wheels, to which
will be added another unit of equal ca
pacity which has been ordered, and
will be installed as soon as received.
The main pipe line is 5000 feet in
length. and from the intake to the
|
the pressure of over 800 pounds to the
square inch imparts tremendous en-
ergy upon the big water wheels when
released. The pipe line is thirty-six
| inches in diameter at the headgate,
made of No. 8 steel and tapers to sew
enteen inches in diameter at the point
of discharge, where the steel pipe is
| three-eighths of an inch thick of dou-
! BILE riveted boiler-plate. A parallel pipe
line is now being installed, giving the
plant twice its present capacity.
| About three years ago the Cascade
| Electric Company secured franchises
through the Gilpin County Light. Heat
& Power Company to furnish light for
the towns of Central City, Black Hawk
and Nevadaville. and the current is
conveyed by transmission lines from
the Georgetown plant fifteen miles
away. The company supplies electric
power to the Lamartine. 10 Reynolds.
Sun and Moon. Old Town and other
mines in the lower end of the county.
| the Chamberlain-Di sampling
works in Georgetown and other mills
| throughout the county, as well as cleo
| trio light in the county seat and in this
city.
Frederick p. Dewey. Charles j. Mich
| olas and Casper S. Desh OF George
town: John ]. Sherwin. George h.
Kimball, Jr., and William l.. Bush of
Idaho Springs. and Lafayette Hanchett
of Salt Lake City are the incorporat-
! OrS