The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1907-04-27
JUDGE BYERS fLAYS
WILDCAT INVESTORS
SAYS IRON COUNTY IS HAMpERED IN
DEVELOPMENT BY THEM.
BUILDING AND LOAN A SUCCESS
81 Two Houses Built Last Year Waterpower
Development Delayed by Dull Bord
Market

tfoDhtt Juukc 4. W DJNAH 'lN"N
Monday and Tuesday in Crsytal Falls
attending 20 business at the court
house. Mr.. Byers is interested in
more plans for the commercial develop
ment OF Iron River than any man on
the west side and has several plans for
increasing business over there, among
them the development OF the water
mower AT the Hemlock Rapids in the
Paint river and the transmission OF the
electricity there generated to Iron
River for lighting and commercial
purposes.
How Is your water power develop
ment plan coming on inquired re-
porter for the Diamond Drill OF MT
Byers'.
"As well as can be expected was
the reply. "The bond market Is In q
very bad shape just now and IL Is quite
difficult 10 dispose OF bonds Just as the
present time but II viii come along In
good time. =
''Do you feel certain OF the ultimate
success Of the undertaking and feel
assured that you will have lights as
planned. continued the reporter.
"Yes SIR. was the reply. I'VE VIII
have lights in Iron River and tnat
without any undue wait and the
electricity will be generated at the
rapids, too
In reply TO a question AS to whether
or no he thought that outside capital
could be interested in Iron county in
the erection Of houses and other lines
tending TO develop the county MI
Byers replied.
"Pshsw, what's the use trying 70
interest outside capital in this county
when the people Of the place are send
ing out thousands Of dollars each week
for investment in wildcat mining
ventures from which they never reap u
cent Of return.
''If all OF the money that has been
sent ont of Iron county during the past
ten years for investment in mining
stocks and the promotion Of wildcat
mines had been invested in this county
we would have no need for asking
outside help / know of thousands Of
dollars that have gone out OF Iron
River on such missions from which
the senders will never reap a cent
know Of other thousands that have
been sent out that the senders will
not do as well with as they would have
done had the money been kept in the
town and put TO use in developing the
place.
Il don't know of single place in
the wide world today that offers as
good an opportunity for legitimate in
vestment as does Iron county.
Another thing. these people that
are sending the money out had nothing
when they came 10 the county. They
made all that they have right here, be
that little or much. and yet they are
blind 10 their own interests in not
keeping their money at home 10 help
build mp and develop the place for IL
they would do so they, in their own
business or occupation would be bene.
fitted and placed in position TO earn
more money OF make more money.
How Is your building and loan as
sociation papning ont, the reporter
asked
1T is doing nicely now. We buili
two new houses last year and will bt
able to about double that the present
year We were little handicapped
in not having everything ready &
strike while the iron was not when W,
organized. There are lot OF thing,
necessary in the organization OF such
an association that takes time 10 ar
range and had we had them all ready
before we approached the public W,
would have been better off. AS 10 wal
we worked mp the project and then had
20 wait some weeks before floating u
ID in the mean time the ardor cooled
leesiewhat
But with all that, we are doing nice
ly and the association is success