Santa Fe new Mexican. [volume] (Santa Fe, N.M.) 1898-1951, 1907-01-08
WILL |RR|GATE
10000 ACRES
Of Rich Land on
Valdez Ranch at
Springer.
FINAL SURVEYS BEING MADE
M. N. Mikesell Tells of Pro.
ject---Water from Raya-
do River in bitches.


Final surveys are now being made
Tor large private irrigation project
in ColfaX County on what is known
as the Valdez ranch which is eight
miles west of Springer The property
consists of tract Of $4,000 acres and
it is proposed TO have at least 10000
acres placed under cultivation. When
the reservoir and irrigation bitches
are completed the lands under this
ditch system will be subdivided and
placed on the market in forty and
eighty acre tracts.
The Farmers Development Company
win be the name of the syndicate and
the articles Of incorporation will be
filed soon. The promoters have not
decided as yet whether to capitalize
at $250,000 or 100000. Az a meeting
of the incorporators some time ago
it was voted to have the capital stock
fixed at 100000, but some of the pro
moters are of the opinion that it will
not be necessary to have the capital
stock to begin with more than $3.50.
900.
Eastern Capitalists Are Interested.
Eight fasteners are identified with
the enterprise. They intend that the
corporation shall be a permanent one
as they have other irrigation PROPOSE
tions under consideration to take up
after the present project is complet-
ed. The capitalists backing the com
.pany are NJ. N Mikesell, of Pitts
burg, Pennsylvania, treasurer Of the
Sanitary Chemical Company; A. f.
Mikeseil, of Coyington. Ohio, re-
tired farmer; l. H. Rosenberger, of
Coyington Ohio, another retired farm
er; Rev. Isaac Frantz, of Pleasant
Hill, Ohio; ID. G.. Wenrick, Of Brad
ford, Ohio, secretary and treasurer of
the German Baptist Insurance Asso-
tiation; ]. Wasson. of McComb, Ohio,
ASHER ef the Pt0pia's Banking Com
Ipany; +. d. Rosenberger, of Leipsic,
Ohio, cashier of the Bank of Leipsic,
and /. B. Miller, of Gettysburg, Ohio,
a merchant.
lM n. Mikesel was visitor yester-
day in Santa Fe, He came here to
consult with Territorial Irrigation En-.
jgineer David NJ White, concerning
the water rights. To a representative
lof the New Mexican he stated that
the company would be organized and
incorporated in the near future and
that the actual work of constructing
the impounding basin and canals
would begin in the spring. He said
that proposals for this work would
be advertised for and the contract
awarded to the lowest bidder. The
water which it is proposed to use for
Irrigation purposes will come from
the Rayado River. This is a mountain
stream which has steady flow and
at certain seasons is bank full Con
tinuing Mr.. Mikesell said;
"Tihe Valdez ranch which will be
| the scene of our operations was pur'
chased about three months ago. Al
| though the deal has been closed for
some time 1t was not made public I'M
til a few days ago on account of the
delay in securing the title to the land
/ We have deferred the incorporation
of the company until all of the little
details have been properly attended
to and Strengthened out We have
had surveys run for the bitches and
civil engineers have just started tC
work on the reservoir end of the pro
ject. We have not figured out yet
just what its capacity will be but II
will cover an area of about five thou
sand square feet. II it is not large
enough to store sufficient water for II
rigating at least ten thousand acre:
we will build smaller reservoirs later
Plenty Of Water for All Purposes.
"The Rayado River from which ou1
water supply will be drawn, is fins
mountain stream which has a goot
flow all the year around The rancl
will be split up in small farms O.
forty and eighty acres which will b,
sold in the main to new settlers
Some of the land is already under
cultivation in alfalfa. Good crops 0
alfalfa can be raised on the ranch
and a good part of the land will b.
planted in apple orchards.
/ The Sanitary Chemical Company O
which Mr.. Mikesell is an official, il
a soap and cleaning specially concern
Mr.. MikeselPs father who Is among
the promoters of the Farmers Devel
|opment Company, is spending thu
winter in the Pecos Valley. He ha
acquired property interests at Dex
tier. He is delighted with the climat,
of New Mexico and believes that tn,