The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1917-11-22

has leases on adjoining lakes and
which viii put up a $250,O00 plant at
Antioch The third company at this
town is the Nebraska Potash COM
pany, financed by Colorado capital. II
does not rank in the same bonanza
class with the first two enterprises
largely because its leased lakes are
weaker in brine. Antioch has jumped
IN year to town of 1000 with a
newspaper, two banks, a theater. etc
Rich Plant at Lakeside.
At Lakeside, miles further east, Is
the plant of the Hord Products COM
pany. 1t produces 50 tons a day at
$l20 a ton, two thirds of which is pro-
fit. Heber Hord and his sister. Mrs.
w. G. Richardson, own the plant. They
draw water from lakes on their own
land. Their father, 7. B. Hord, made
IA million feeding and raising cattle.
and had a ranch 25 miles one way and
36 miles the other, which included the
toWnsite of Lakeside.
Back in 1908 w. G. Simonson. a
wealthy lawyer of Denver, owned in
this neighborhood 1000 acres that T.
B. Hord wanted. A deal was made by
which Simonson was to get $4,000 for
the place. When the time came to
make payment Hord entered vigorous
objection to taking over a big lake he
found on one corner, covering over
knock off a hundred from the price
because he said he had found the cat
tie wouldn't drink the brackish water
Simonson refused. Hord was stubborn
about it, and said he would give Sim
onson a deed for the lake if he would
pay him 500. The attorney insisted
on the deal going through, and Hord
grumbingly consented. About a mil
lion dollars worth of potash salts, it
is estimated, have been taken out of
this lake by the heirs of Mr.. Hord.
Native Sons Don't Profit.
All of the rich profits are being
reaped by eastern Nebraska and Colo
RADIO men. Alliance people refused to
believe that there was anything but
sand in the sand hills, which begin 7
miles east Of their city and only few
of them have been touched by the
shower of gold. They are, however,
building a plant at Antioch. The sec
ton teens with interesting little stor-
les of how close wealth came to hit
ting many of them. There is also the
sorroWful story of Herman Peters, a
ranchman. In a burst-of enthusiasm
he subscribed for $4,000 worth of stock
in the Nebraska Potash company. At
ter he got home he began to suffer
ner he drove into town and called on
Banker Hampton.
Bob" said he, sit wouldn't hurt
you to lose $500, would ito"
Cant say that it would" replied the
banker. "Why?'
Well it wouldn't hurt me either,
said Herman. But | would hate to
drop $4,000 on a wildcat potash propo-
stion | wish you would take half
that stock off my hands"
The banker did, and on the $4,000
that each has in stock each has been
drawing $500 a month in dividends.
The supply of potash is not mex
haustible, however, sand just at pres
ent the manufacturers are racing with
the war in the hope that they can get
it all ont and sold before Germany can
get back into the market. All of the
potash goes to fertilizer factories in
the south and east, where it is mixed
with other minerals to suit the needs
of land in various sections. Before the
war Germany, which mines potash like
rock salt, carried it to this country
in ballast and sold it from SO to $32 a
ton. The potash area in the state is
limited to some seventy lakes and 8
section Is by 80 miles, all of which
have been tested and are now under
lease.