The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1911-06-02
Engaged In Constructing Smelling Plant at This PaCe-Ihe
Foundations Laid in Concrete
WHAT It IS DOING AND WHAT IT PROPOSES TO ACCOMPLISH
Owns Millions of Tons of Magnetic Iron Ore that Runs Over 70 Per Cent
Iron --W Make Steel of the Highest Grade By New Process
Head Office IN Spokane Buys More Land

come haring advertisements OF stock for
sale at ridiculously low price, which
is absolutely sure to make every man
who buys as many as half dozen shares
rich beyond his rosiest dream. A little
work may be ground broken and
some men put TO work on factory-of
all which great newspaper stories are
made and clippings mailed broadcast.
Very soon the work is stopped because
factory in Hoboken or Kalamazoo,
from which supplies have been ordered,
has shut down; but the stock selling
goes on at an advance in the price, be-
cause little work has been done on
million-dollar plant that is sure to en-
hance the value OF all real estate and
increase the sales of the merchants ten
fold. But why tell of that which we
have all observed and many OF us have
bit at2 We have most OF US seen great
and promising enterprises burst like
bladders with nothing more substantial
than an innocent-looking promoter, an
Office desk and a few chairs, with
large quantity Of advertising matter, as
the sum total Of the assets of the great
was-to-be factory.
E. H Rothert, discoverer OF method
whereby magnetic iron ore is to be
converted into tool steel at practically
the same cost at which red and gray
hemitite iron ore is now being convert
ed in Pennsylvania; owner Of majority
of the stock Of the Washington Steel
and Iron Company, came here the latter
part OF the summer of 1910, after spend
ing some time at Blewett, and gave out
the information that he intended to To-
cate steel plant here. By habit, ap-
parently, he is a quiet, unobtrusiye
gentleman who never talks about his
affairs to any one. Never mentioning
the steel industry unless inteuogated
about it, although I have him ready to
answer all questions unless they led up
to some matter that he did not care to
make public. He made number of
statements about the iron deposit at
Blewett, about the quantity and char
acter of the ore, its treatment, and
about other iron ores and the manufac-
ture OF iron and steel, all OF which state
ments l verified either by books that
treat on steel and Iron or in conversa-
ton with Prof Miner Roberts OF the
Washington University.
Last fall the company bought To-
acre tract of land just east of the town
limits and, unlike get-rich-quick con-
Germs, they said nothing about it to any
one. The first knowledge the public
had OF the transaction was when the
information came out from the county
auditors Office. This spring the com
pany bought twenty additional acres
adjoining their former purchase, lying
on the Wenatchee river, with an ease
ment on the opposite side which the
company expects to make useful in
building dam on the river for the pur-
pose of developing 1000 horsepower
electric energy. Last week another T.
acre tract was added to the company's
land holdings, adjoining its other lands,
and has paid cash for all OF it.
Two weeks ago contract for exca-
waiting for the foundations for two build
ings. amounting to over $1400, was let
to R. c. Buckingham. This contract
was closed this week and the work ac-
cepted. Work on the foundations and
the superstructures is to begin and be
pushed TO completion at once. Judging
from the way they have made good
every statement so far l confidently be-