Show MILLION FOR MOffAT mm ROAD Existing Obligations Taken Care of by Proceeds From FromOn On year Notes Word comes from Denver that David DavidH H Moffat has raised Ji that the money will be used to pay payoff off every ex existing exIsting obligation against tho the Colorado company and the Moffat road and andt t Mr Moffat has declared that the thead ad will eventually be completed to Salt Salte Lake e and will not be bo sold to any of ot o the big lines Many reports have emanated from Den Denser Dener ser er cr concerning tho the Moffat road which havo bave 11 ao been so palpably false fal o that Salt Lake City persons nave have ceased to pay at attention attention to the rambling pipe dreams of the reporters In that city but this report is Js apparently true and it is supported ty 1 private advices received hero here by local representatives of the road The million dollars was raised by selling notes of the Con Construction company bearing interest at 6 per cent They were given by tho the con construction construction construction company which is building the road and are arc further secured by bonds of ot tile the railroad itself Tho The notes were wece wet floated by George Bun Co of New NewYork NewYork NewYork York and it Is reported that tho the money Was vas as raised between 9 I in the morn and 2 in the afternoon The 10 e i it is said were oversubscribed and anda a u ket could havo have been found easily for twice many more After fter the deal Mr Moffat was quoted by tho the Denver Post us rs saying It will take about all aU this money mon y I Ibave have bave raised to pay off oft the tho present indebtedness edness edress which consists of bills duo due the thc contractors and also for engines we have bought and various other forms Ionus of equip equipment equipment ment and supplies Not a dollar of this tWI money mane Is to be beed ed in extending the road 1 intend to let et it rest where it Is ut Steamboat Springs for a time and meantime I will make other arrangements to continue continuo the construction toward to ard Salt Lake As a matter of or fact I have some ome sort sorto of o definite plans as to future construe construction construction tion but for several very vital reasons I am not in a position to discuss them for the public now nov novIt It may be understood tood however ho ever that tho the Moffat road was never In a R better physical or financial condition and It s still absolutely an independent line and that Is the way the future construction jf t f It will be carri carried 1 an In |