OCR Text |
Show I, Lucky Salt Lake RailroadorE. ! William II. Paul, for many years with the Rio Grande, and who Is now engaged In mining In California and Nevada, having hav-ing his office In the Judge building, this rlty. Is in receipt of advice that after a year's effort, an exclusive franchise or concession has been granted himself and friends on a tract of thirty square miles of hardwood timber on the island of Ne-gros, Ne-gros, in the Philippines A. C. P.Idgwuy. formerly general manager man-ager of the Rio Grande, now assistant to the' vice president of the Rock Island; G. W. Vail cry. general manager, of the Colorado Midland: W. D. Lee. formerly superintendent of the Rio Grande; P. W. Hroad. a well-known lumberman of Cha-i Cha-i ma. N. M.. and Denver. Colo.: Judge G. j Van Hoorebeke, Los Angeles, and a number num-ber of others aro Interested "In the syndicate syndi-cate that secured the concession. ' ' This tract contains thirty square miles, i ' and the stand of timber is rated by the . government as the bent in the Islands probably In the world the government i report indicating that each acre will 1 average 32,000 board-feet, making a total 1' of G00.000.000 feet for the tract, the ,i manufactured value of which Is esti- 1 r mated to be not less than S22.000.000. II A unique situation Is presented by tho t fact that this enterprise Is located about I half-way around the world, thereby rcn- 1 dering It possible to reach Pacific coast 1 I ports at a freight ralo of $12 per 1000 r feet of lumber, or less, and Atlantic 1 ' ports may be reached via Suez for only ' 52 per 1000 feet additional. The whole i of Europe Is a market en route, at corre-1 corre-1 spondlngly lower rates. The Chlnene i, market has been suppllc-d for years from f Oregon and California, and. In fact, mll- i : ' lions of feet of lumber aro annually sent to the Philippines from the Pacific coast. . j Some of the varieties of this timber . j ' are known as apitong. balacbacan, lauan- I l hastlcan, mangachapuy, ebony, and a number of varieties of mahogany, many i ', of the trees being over six feet in dlame- 1 . ' ter and ninety feet from the ground to i the first Hmb. Some of the mahogany . I i trees arc wonders, a single slab thirteen , J ! ' feet in diameter, designed for a dinner 1 ; table capable of seating forty-eight poo- n. Pic, haying been cut, "and is to bo sent f , , . to the United States for exhibition pur- J poses. The plan.s of the company con- ' template the building of nix miles of rall- , 1 rpad, which will be laid with mahogany t, ties, and the construction of which will l'i commence at once. |