| Show OX PROM GRAND JUNCTION I Bonds of the Colorado AVyomins nnd Great Western Flnced Assurance is given by the men at the financial end of the Colorado Wyoming A Great Northern Railroad company that the 210 miles of line between Grand Junction Junc-tion and Green River Wyo Will be built during the present year says the Denver Republican This company Is composed of citizens of Grand Junction and the proposed road was started by them seveal years ago to give their city connection with The rich mineral stocK and coal section lying on the north A nucleus for the road was given in Isvl by the construction of twelve miles of narrow nar-row gauge track to the Brook Cliff coalmines coal-mines which has been in steady operation opera-tion since its construction The projectors have been negotiating for several months for tne sale ot the bonds of the company to provide money for the construction of the road in connection con-nection with the Oregon Short Line in Wyoming and I A Woodworth Son of this city have at last given assurance that the 3000000 needed will be forthcoming forth-coming as the road is built and the company com-pany is at last ready to go t work H A Woodworth of the investment broKerage firm stated last night that the sale of the bonds to Philadelphia capitalists capital-ists had been completed ana that work on the grade would be commenced by the 15th or 20th of March and the line pushed on to completion within the year Fitly men are now at work on the survey which has been completed to Rangely in Rio Blanca county When first incorporated the capital stock of the company was placed at Jl 000000 and the intention was t build n narrow gauge line Objections to the narrow nar-row road were met in placing the bonds and It was decided to increase the stock and bonds to 3000000 The amendment to the articles of incorporation was ted with the secretary of state this week arid the entire issue of dSt has been placed and the standard gauge track is I be laid liy bonding the road for only the amount to be expended carefully in construction I I con-struction the negotiators were anle t duct a market for the bonds and ilr j Woodworth pointed to the difference I presented between the case of this road being bonded for 15000 a mile against an average of o represented by the deut i of the Santa Fe system as showing the t less amount the new road vouiu be I forced to earn to keep I afloat Rail roadirg is cheap now compared With I what i was ten years ago For business the road will tap the coal I asphalt oil timber stock marble and agricultural field of northwestern Colorado Colo-rado for local traffic besides forming connections con-nections between the northwest over the nectons Oregon Short Line and eitrjer the Midland Mid-land or Rio Grande at Grand Junction It is claimed that advantageous trailic arrangements can h made for through arrangennts business For 60 miles out from Grand Junction tlie survey is established but beyond Rangely a mountain range Is met where a tunnel will probably be necessary necessa-ry and from there the route is indefinite directors of the The original company were W T Carpenter president ThosE Thos-E Sanford Melvin O Wlutehead Criss I F Lass and James P Neabitt 0 change will be made In the management in n i short time Confidence in the ability of the company compa-ny to crowd the construction within the is expressed by the men who year expres1e negotiated nego-tiated the sale of the bonds |
