The state herald., 1907-06-07
THREE GIGANTIC WATER PLANTS.
Colorado Concern Files Papers Giving
Mortgage of $2o,ooo,ooo.

Denver.-lf 1t were possible TO put
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 he established
by the Central Colorado Power Com
pany, which concern filed in the county
clerks office mortgage of s20,000.000
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 l25,000 horsepower
enogh to pull forty of the New York
Central's 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 cable transmitting
10000 horse power,
Niagara Falls. with It's 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
trical power plant in the world. And
the three plants of the Central Colo
RADIO Power Company will be only 25.-
N
Myron T. 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 s
| O'Clock last night by Lunt. Brooks &
Wilcox. attorneys of Colorado Springs,
and Curtis & Hine, managers for the
| Central Colorado Power Company. II
was filed simultaneously in seven
| other cpunties-l.arimer. Grand, Sum
init, 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 g. Co., OF Boston, took
one-third Of the underwriting, while
the balance was placed in the
French and British capitals. The
mortgage provides for denomna-
tions Of $500 and 81 1000 Ameri.
can money. e2OO for the English mar.
kot and 500 francs for the French.
The bonds are five per cents, to run
twenty years
The property covered Includes the
| DeRemcr water power locations al
Shoshonl Fails. above Glcnwood
| Springs. where work is already under
way. The development by this plant
alone will be 25.OOO 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 Cenury-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. near
Aspcn. and this, II is expected. will
have n 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. Leadyille,
Cripple Creek and numerous mining
camps are TO be supplied with power.