The new era., 1909-12-23
COLORADO NEWS

A carload of furniture for the new
100000 postoffice at Colorado Springs
arrived few days since The build
ing will be ready for occupancy about
March 1st.
The new 100000 theater which
James T. Burns is about to erect at
Colorado Springs will produce The
Shubert bookings under contract for
the next five years.
| Following his recent confession of
guilt in the District Court at Canon
City. l.. L. Dawson, late deputy coun-
ty treasurer of Fremont county and
former city clerk, was sentenced to
one to two years in the penitentiary
for embezzlement and altering public
records.
The Negros-Philippine Lumber Com
pany, which is controlled almost en-
tirely by Denver men, has recently Sc
cured an important hardwood conces-
sion in the Philippines and expect to
build a logging railroad and mill
which will have a capacity of 100000
feet day.
| Colorado Springs supporters of the
Colorado College Tigers are boosting
for a new gymnasium at the college.
The present old building is entirely
inadequate, and the plans are to erect
a first class structure, fully equipped
with an up-to-date apparatus, swim
ming pool, etc.
Two loads of hogs sold on the Den
yer market December 10th at $40.
this being the highest price ever paid
in Denver for hogs. The previous
record price was on September 28th
of this year, when SS.35 was paid.
Previous to this year the record stood
at SS.27la, which was paid by the old
B. e M. Packing Company in Feb
ruary. 1892, for one load.
James II. Tumbach, assignee for the
Bank of Ouray, has realized enough
from the assets to pay depositors an
additional per cent. This will make
52I, per cent paid since the bank
closed in 1907, result far above the
estimates of those who looked into its
affairs at the time of the failure.
While there may be further dividends,
depositors do not expect any.
BY far the largest and most expen-
sive reservoir ever planned for north
ern Colorado is that proposed by John
T. Warren of Greeley, and others, to
make which great dam will be
thrown across the Platte river at the
Narrows, about six miles below Wei
don, and 100000 acres in Morgan,
Logan and Washington counties will
be provided with irrigation at cost
of $11 100000.
During November the Newhouse
tunnel at Idaho Springs was extended
271 feet, making the length 20,750
feet December lst. The breast of the
tunnel is now under Nevadaville, the
last vein cut being in the Ashtabula,
at a depth of about 1900 feet. The
next important vein to be intersected
is the eastern extension of the Hubert,
which should be reached shortly after
the first of the year
With record d-breaking output this
year of 100000 bags of sugar, the fac
tory at Grand Junction, built ten years
ago by Colorado Springs capital. and
controlled by j. R. McKinnie, R. P.
Davies and E. c. Sharer, all of Colo
rado Springs, will produce 100000
worth of sugar, net value. In order
to increase the output next year, the
company expects to eXpend nearly
100000 in improvements and enlarge
ment
The recent appraisement of the
properties of the Colorado Fuel & Iron
Company has developed the fact that
the companys assets amount to $780,
556,476, a sum vastly in excess of the
most sanguine estimate of the man.
agement before the appraisement was
made. The last total appraisemept,
made in 1880, showed a valuation Of
properties $19,30S,327.4 less than the
| figure at which the assets are now
put. The company's iron ore, coal,
limestone and other lands are now
valued at s5S,335, $50, being the largest
item in the assets. Equipment at the
steel plant, coal mines and coke ovens
is worth $34 500, O,31s.15, being the sec.
ond most valuable item. The rail
roads owned by the company suffered
something of loss by the revalua-
ton and are now appraised at $5,791,-
| 5S2.S4.
Josiah Work, one of the most
prominent and wealthy men Of Nor.
gan county, died at his home in Fort
Morgan on the 18th inst. at the age
of seventy-four years. He is survived
by widow and eleven children, who
are: c. T. Work, head of the indus.
trial school for girls at Denton, Tex;
Josephine Work, teacher at Berkeley,
Cal; Mrs. Hogg, who was mission