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Parent Issue
Day
28
Month
January
Year
1885
Copyright
Public Domain
OCR Text

Mr. A. 8. Pettit, of Denver, Colorado, now engaged iu the real estáte and loaning business in that city, made us a cali Moiuliy, aud in answer to our interrogatories gave us the following Information about Colorado and lts prospecta, which we feel assured our readers will be greatly bcnelitted by reading. "Denver s a sort ot mushroom town is it not, growlng up n a few years and likely to solí out and move away In the BiUQfi time? " " Yes- no. les, for she has grown rapidly. No, as she has all the elementa of a permanent growth." "How large is the ciy of Denver? " "A bout 70,000, as near as can be calculated without an actual census." " What is there in that desert región tn keep up such a large city ? " 'All the elements that have combined to make Denver what it is,exist in greater ibundance and power to-day than ever jefore." " Xame some of thoae elements as you :all them." "Gold, silver, ron, lead and coal, agri:ulture, stock-raising, manufacturing, and Mt, but not least, a healthful cllmate. Ihe gold ana suver out-put is larger tlils rear than ever before. Mining Is set;liog down to a good, sol Id legitímate tasls." " I liave heard it said that more money 8 lost in mines and mining than has been made out of t. IIow la that? " "Estitnates have been made from cal:ulations and statistics on that point, and more Iban $1,000 have been taken out to L100 put In. If you had said that more men liad lost more in mining than they ïad made, I should have said yes." " Can you expluin the cause of that ? ' " It is simply because they do not use proper care and judgment. Nine out of every ten exercise much less care in Investing in mines than they would in buyng a suit of clothes or a horse. I have aetually secn excursionista, as soon as they reach the foot hills, rush out of the cars, up the side of the hill and plek up or sandstone, expecting to fiud chunks of gold or silver sticking right out, on all sides. I am personally acquainted with one person who aetually carrled a slx to ten pound chunk of granite back with liiui to Massachusetts, on being told by a newsboy that it contained large amounts of gold People seein to thlnk if they liave the least clue to a bit of ground in the Rockies, whether it be by patent or mining stock, their fortune is only n question of time, and you ee they get mightily disappolnted, and turn and curse the whole mining world." "You mentlon mining stock. Is it usually safe to inrest in mines In that way?1 " No, most emphatically. In more than nine hundred and uinety-nlne oases out of every thousand, stock companles in miu11 Why do you make such n statment as that?" " Simply for two reasons. To keep people from being beaten, and to protect the pleasantest and most profltable occution in the world from slander." " By what authority do you make that statement? " " I have known of thousands of mining stock companies and I have never known one that was not stocked at the beginning for from one to two thousand times as much as the whole thing could be sold for. I could teil you much more about that branch of mining (that is, owning land west, and digging the gold tast) if I but had the time. Iron and lead interestsare not as prominent as they will be wheu manufacturing in Colorado receives its share of attentlon. Coal mining is one of our prominent industries. Colorado has all kinds of coal possessed by Pennsylvania, of as good quality and unlimited in quintity. Extra good, soft coal is mined within ten miles of Denver." " What about agriculture ? " " Well, I was going to say, agrlcultnre in Colorado is just ld lts lnfancy. You see we can raiso nothing aroutid Denver except by imgation. The Platte river, Bear creek, Clear creek, and several smaller streams fed by the melting snow from the range, furuish an abundance of water for three hundred thousand acres of rich land." Isn't that rather an expenslve way to farm it ? " "It is much cheaper than rain. You may laugh, but I can show it to be a fact. Is there a farmer in this part f your etate who would not gladly give $1.60 to $2.00 ier acre tor the season to be guaranteed rain just wlun and ai he wanted it, and ouly teken and as he wanted it." " Why do your gardeiters pay for extra amounts of water? " " Simply because it pnys them big, even in yóur country of rain." "Can you ralse all kinds of crops and fruits there 9 here ? " "Everything in graln, better than here, except cörn our nights are too cool for that. All kinds of fruits as here except peaches ; we have not trled them much yet and all kinds of vegetables almost without limit." " You mention stock-raising as one of your principie Industries. Isn't that a pretty eold country for that business? " 1 There is no better country in the west. I give you my reasons. Texas and Mexico origínate all our most fatal cattle dlseases. Kansas, Xebmsks, Dakota and Montana are subject to blizzard storms, and much more snow than we have this siilc ot' the range in Colorado. Stockmen of our state have lost a smaller percentage of cattle, taking one year witli another, than any other cattle ralsing state. From 15 per cent. to 50 per cent. can be made on money carefully Invested with us in cattle. Small capitalista can make a large per cent. on their money by making butter or selling milk or oream. Well, it is late, and 111 not bore you any more, but if any of your friends wisli to invest in real estáte, mines or cattle, or have any money to loun on firstclass real estáte security at from 8 to 12 percent per annnm, just refer them to me, and they'll get all the knowledge I have on the pubject,"

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Subjects
Ann Arbor Courier
Old News