| OCR Text |
Show A New Sugar Company. The first sugar companx be organized organ-ized under the new tho noy t: rill' law in the New Mexico Sugar Go. Their prospectus status: "It is proposed that this company shall purchase and own lu,000 acres of land situated in the vicinity of Koswell, in the Pecos Valley, together with all the wuter rights belonging to them. The water supply is abtolutely unfailing and constant, and is sufllciont to irrigate 10,000 acres to be owned by the Sugar Company'. The remainder is so situated that at moderate cost it can be wcl supplied with artesian water. Over 50 flowing wells have Wen bored in the vicinity of Koswell in the past year, and others are now in progress. These lands, with their water supply, cost $-100,000 in cash, irrespective of the 00,000 still to become duo on them, and were purchased pur-chased before the building of the railroad rail-road to KoswhII. A large system of irrigating ir-rigating ditches is constructed, which can be easily and cheaply extended, Tho water supply was purchased with tho lands themselves, belongs to them, and will bo deeded absolutely to the Sugar Company, so that there will never be any water rental to pay. Tho water is suflicient not only to irrigate, but iB of tho proper quality for use in the factory, which will require about 5,000,000 gallons every twenty-four hours. "It is proposed to build a factory capable of working 800 tons of beetH per day. Expericncii haa. shown that a plant' of rthis'sicTcnn be- more-cheapiyi built per unit of capacity and more economically run than one of smaller capacity." |
