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Show MORE ELECTRIC ROAD FOR CACHE VALLEY Line Will Extend From Ogden to Preston; Pres-ton; Touching Many Thriving Set-, Set-, tlements. Country (Traversed Exceptionally Rich. , Work To L Begin Soon. According to the Salt Lake Tribune delivery of $6,000,000 In bonds for tho construction of the new Ogden, Lewlston & Northern railway, Utah's latest electric interurbnn ra'lway, will bo made this week to French capitalists cap-italists who purchased the securities. Tho bondsi aro in $100 denominations and delivery is beng made through tho Shit Lako Security & Trust com. pnny of this city. Tho bonds for the railroad have all been sold and the money Is nvallablo for Immedlato construction work. Tho right of way for tho new lino hns been secured and surveys all mado. Construct'ion will begin very soon, according to tho present plans of tho stockholders. Tho new railroad will run from Pres ton, Idaho, to Ogden, Utah, through ono of tho richest agricultural and horticultural sections In tho west. Tho new road will pass through Preston, Lewlston, Richmond, Smlthfleld, Hyde Park, Logan, Providence, MUlvllle, Hy rum, Paradise, Avoa and through Ogden Og-den canyon Into Ogden. Tho lLno will bo seventy miles long. French Capital Interested Tho new road was projected several sev-eral years ago, but It was only recently re-cently that sufficient capital was secured se-cured to Insure Its construction. Thru Fred W. Crockett of Logan, president of tho now railroad, capitalists ot Paris became Interested $i tho now road. Tho Paris financiers purchased purchas-ed stock In tho new road nnd arranged arrang-ed for the salo ot all of tho bonds lc France. Tho bonds wero sold before be-fore they wero Issued. They nro now being signed preparatory to their delivery. de-livery. With the construction or tho now railroad through tho rich farming com munlty It Is oxpectcd that thero will be a big boom in the lands throughout through-out tho territory which will feed tho now railroad. Tho now road will bring tho fanuors many miles closer to mnr-ket mnr-ket and will prove a great benefit to the busy towns located along Its route. Construction Work Easy The promoters of tho now railroad expended $35,000 In Burvoys. Thoso surveys cover tho ontlro rpute of tho now road, Thoy show tho construction work! on tho now road to bo very eurw wlthftho exception of h few miles through Ogden canyon. Tho lino ihru tho canyon whllo difficult of construction, construc-tion, will provo to bo ono ot tho great Bccntc attractions. When nrrangementa with tho bond buyers in Frnniq wero mado nbout n month ago for tho purchaso of these bonds, tho ZIon's Savings Dank & Trust company of Salt Lake Clt vjs? asked to net as trustee. This company, com-pany, It Is reported, declined to ret unless a fee of $15,000 was paid In advance. Tho payment wns not mado and Bomo time later tho Salt Lnko Security & Trust companv wns mado trustee. Work Soon To Begin Whllo tho dato for tho actuul beginning be-ginning of construction work has nut yet bo'en fixed. It Is declared tnur work will, begin not later thnn tho spring and possibly sooner. Tho promoters pro-moters ot tho now road aro enthusiastic enthusias-tic over Its prospects and predict that It will bocomo ono of tho biggest In-terurban In-terurban lines la tho west. Tho feasibility feas-ibility of constructing feeders from Preston to a number of other rich southern sou-thern Idaho towns has already boon considered ns a probability soon after af-ter the construction of tho main l'o Is completed. |