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Show UTAH TO THE SOUTH The Railroad Fever Running: High iu Los Angeles. SALT, LAKE AND THE ANGEL CITY W ill Vet Ite Connected With Bands of Stoel Millions Ready to Aid the Company That Will Bridge tlse ap The Nnnta Fe in a Position Posi-tion to Xluild, and for a Smaller Amount Than Any Other Road. The following special dispatch appeared in the San Francisco Chronicle of the 3d inst: Los Angeles, Not. 2. Colonel Daa Freeman, Free-man, who has just returned from Chicago, is an enthusiastic advocate of the Los Angeles cc Salt Lake railroad, which enterprise enter-prise is regarded by residents of this section as second only In importance to the Nicaragua Nicara-gua canal. Colonel Freeman was seen regarding re-garding the result of his investigations in Chicago, and fiijd: x "I had several conferences when in Chi-;ago Chi-;ago with Mr. llauvel and Mr. Wade on the subject of a railway to connect with the Utah system of railroads. Offers of aid bava repeatedly been made to the Santa Fe to induce it to build on to one of these roads. Vho people of Salt Lake and southwestern Jtah offer aid toward a road to connect with lie Union Pacific at Clover valley in south-srn south-srn Nevada, jtud the people in southern and central Utah offer to assist in building a road south from the Kio Grande Western. "Somo professing to speak for the localities locali-ties Interested have promised large sums of money and interests in grazing, mining and coal lands to the company that will closn the gap between the North and South railway systems. Several of these men have spoken to mo on this subject. The aid so offered amounts to several million dollars. If the lands offered are really worth the values put upon them by the promoters of the scheme the total value of the promised aid in lands and money would be several millions of dollars. "If a road is to be built within a few years it must be built largely by contributions from the people and localities to bo benefited bene-fited by its construction. For a greater part of Its length it would run through a barren country, and in many places would be expensive. ex-pensive. It would groatly benefit southern California, Utah and Nevada. "It would not pay dividends to stockholders stock-holders on the cost if the projectors had to put up all the money to build it. For these reasons it would be impossible for a construction con-struction company to raise money by bonds, as is usually done in such cases. The formation forma-tion of a trust company here has recently been effected for the purpose of advancing the building of such a road. This shows that our people are taking an interest in the project. "Before going toIChicago I interviewed some of the members of the trust company and asked to what extent the Santa Fe might expect aid if that company would bmld a road. The reply was that the trust company had not bad time since its formation to ascertain as-certain the amount, but that there was no doubt It would be very large. It seems to ino that this company is in a position to ascertain as-certain definitely just what the promised aid will amount to. As soon as this amount has been ascertained to be sufficiently large, negotiations should be opened by the trust company with the railway companv looking toward the building of the road. The Santa Fe Railway company is in a position to build a road for a smaller amount of aid than any other road would accept, as its lines are already much nearer the Utah lines than those of any other road." |