Show ARRANGEMENTS OFF Road to Deep Creek Will Not Be Built As Hoped For MONEY NOT AVAILABLE HOPED WHEN THE W A ENDS CAPITAL MAY BE SEC WellsPargo Cos Express Will Use the Colorado Lines After July 1 No Junction Point Agreed Upon For the Seven Devils Road Trans Missouri Meeting On June 7 I can be definitely announced that all negotiations between the Oregon Short Line and Hon George Q Cannon Can-non for the construction of a railroad to Deep Creek are off and will not be resumed resume When The Herald announced that arrangements ar-rangements were completed for the building of this line i caused a great deal of satisfaction to the miners in the Deep Creek country a they saw In the building of a road into this region a realization of the hopes of many years When they read that again they are to suffer disappointment there will doubtless be a great many who will experience sincere regret The offer of the Short Line was to furnish rolling stock and rails for the line Mr Cannon and his company to grade and tie the line from a point near Ironton to Deep Creek The Short Line had a deal by which it was to take bonds of the new road a payment for rails and rolling stock and in addition to this there wasa deal by which Mr Cannons company was to secure the Tooele line and Garfield and make the I terminus station a terminus for 99 years thus partially preventing a competing com-peting line from building out to Deep Creek via the point of the mountains which complete the Oquirrh and Oquini ranges I is understood that the contraction of money in the east a a result of the war and other causes Is the reason why the capital was not forthcoming I with which to build this line The Short Line management is disappointed dis-appointed that the deal fell through because eastern capitalists are shy of building railroads especially in the west unassisted by local men One of the Short Line officers declared yesterday the road should be built and he believed with the inducements offered by his road local capitalists ought to take the matter up and complete com-plete the line If Salt Lake had the enterprise of Denver he remarked there would have been a road there five years ago and now there would be two The amount of business done would be so great that no one road would have been permitted to enjoy all of it It Is hoped that after this war ends and money comes out of its hiding places that another and a successful effort will be made to push this work and that the riches of Deep Creek maybe may-be brought to Salt Lake City |