The Colorado statesman., 1907-06-08
THREE GIGANTIC WATER PLANTS.
Colorado Concern Files Papers cIvInq
Mortgage of s2o,ooo,o 900.


Denver.-If it were possible to put a
belt around Pixies Peak that famous
old mountain could be moved from its
foundations at one pull from the three
power plants that are to be established
by the Central Colorado Power Com
pany, which concern filed in the county
clerks Office a mortgage of $20, 0,0OO. 600
in which is given the first authentic in
formation concerning the plans of this
gigantic concern.
The producing capacity of the three
plants will be 125.000 horsepower
enogh to pull forty of the New York
Centrars big trains combined and
whirl them over the track at the rate
of 100 miles an hour. Four hundred
Denver street cars would be an easy
load attached to a cable transmitting
$4,000 horse power
Niagara Falls, with its vast volume
OF water, in two power stations on the
American side, produces 10000 horse
power, representing what Denver cleo
trical engineers say is the biggest cleo
trfcal power plant in the world And
the three plants of the Central Colo
rado Power Company will be only 25.-
900 horse power behind that mark.
Myron 7. Herrick, former governor
of Ohio, is the chief financial hacker
of the concern. The names of David
Moffat, Simon Guggenheim and others
of prominence in Colorado financial
circles have been frequently men
toned in connection with the com
pany's project, but these names are not
to. be found in the document filed last
night.
1t was stated by one in authority
that the finances to back the project
will not come from the men hitherto
believed to be heavily interested. but
that New York and foreign capital will
be in control.
The unusual mortgage was filed at 8
O'Clock last night by Lunt, Brooks &
Wilcox, attorneys of Colorado Springs
and Curtis & Hine, managers for the
Central Colorado Power Company 1t
was filed simultaneously in seven
other counties-Larimer, Grand, Sum
NIT, Lake, Eagle, Pitkin and Garfield
The mortgage provides that the com
pany maintain Offices in New York
London and Paris. The General Elec
trio Securities Company of New York
and Lee Higgins & Co.. of Boston, took
one-third of the underwriting. while
the balance was placed in the
French and British capitals. The
mortgage provides for denomina-
tions of $500 and $1,000 Ameri.
can money, e20O for the English mar
ket and 500 francs for the French.
The bonds are five per cents, to run
twenty years.
The property covered includes the
DeRemer water power locations at
Shoshoni Falls, above Glenwood
Springs, where work is already under
way. The development by this plant
| alone will be $4,000 horse power Next
in Importance is the famous Gore
canon plant, which has been acquired
by the company. This was formerly
known as the New Cen.ury-a power
project the possibilities of which have
long been known. but development of
which has been hindered by lack of
funds. A third power plant will be To-
Gated on the Roaring Fork, rear
! Aspen. and this. it is expected. win
have capacity of $4,000 horse power.
In addition the company will have six
| of the largest storage reservoirs in the
| West. two on the Upper Roaring Fork
( and four on the Grand river.
The mortgage indicates that Denver,
| Colorado Springs. Pueblo, Leadville,
Cripple Creek and numerous mining
camps are to be supplied with power.