The daily tribune., 1908-04-24
MAY BUILD POWER PLANT
IN FLORENCE COAL BELT

~ IhON6NO6 OUUI oil J
The Tribune is in receipt Of per-
sonal communication rom A. B. Hu.
lit, the Eastern capitalist who met a
number of Arkansas valley boosters
In Pueblo last Saturday regarding a
big scheme that Is being formulated
for the advancement Of the valley
from the Royal Gorge into Kansas.
The deal. &C cording to this letter
will involve an expenditure of some
thing Ike $15 900, 600.
The name OF the company will bo
the Kansas Colorado Power and Rail.
road company. While 1t is the plan
Of the company to build power plants
and railroads at total cost of sl5,
900. 600, 1t is thought that it would be
best to first provide money enough to
build three power plants. One of
them, the letter states. will be built
near Florence, in the Fremont coun-
ty coal belt at some point, one at
La Junta and the other at Garden
City, Kas. A transmission wire will
be run from the Florence plant over
the route to Dodge City. Kas. and
Scott City. in the same state. To do
this will require approximately $3,-
900, 600. but this construction can
be put in very quickly. When the
wires are strung the company will
sell light and power to nearby towns,
but the main object to be sought is to
provide the power for lifting waters
Immediately for irrigatipg lands
which the company expects to own
and water.
1t is figured now. that II the plans
of the company are successful that
this line will be up and in operation
by April l2 Of next year. in time
for next years crops. II this part
Of the work is carried OH successful
ly. then the company will proceed,
the work OF perfecting the organiza.
tion will take place and then steps
krI tl
To finance tile power plant 1t is pro-
posed to first ascertain just how much
land will come under the system;
that IL how much land along the
route could he supplied by means of
pumps. aud to ascertain what the
commercial load would be. A gener-
al meeting will be held In La Junta
May IA. at which all the delegates
from all the districts interested. will
proceed to the creation of the legal
stock company. with All authorized
capital of %. 800, 900. They will also
provide for bond issue Of the same
amount In denominations of 800
each. These bonds will cover the
power plant and transmission lines
aud will run for twenty years.
Under the company's plan a farmer
can get water right for $40 an
acre.
A soon ~ thu first 80. 800. 600 stock
company is organized aud contracts
secured for full amount OF power
which will figure the company n
good profit. the farmers will put In
their crops aud begin to use power,
Then the stock and bond issue will be
increased siI. 800. 600 for tho purpose
Of building railroad to haul the
crop. In the meantime thousands
OF new settlers are expected to have
come In and occupy the now unpro-
duotivc lands. The stock holders will
have business for the railroad, then
the railroad In to built.
As yet Florence has not been rep.
resented At any OF the meetings so far
held. but IL IL not n bad plan to have
someone present At the La Junta
meeting. and II this thug 10 going to
benefit Florence m the face Of the
proposition now indicates. Florence
wants 70 get IN on the gamc and not
sit idly by and watch the other fell
lows grub tho opportunity. A letter
sddresssd to q. l.. Secley. La Juntn.
will hiring any information that "a
desired.