Show SOUJAMERIANlNE United S States CapitalHeavily i Interested I DEVELOPMENT OF ECUADOR 1 h 1 JJ J Four Millions to Bo Spent in This Country for Steel and Equipment First Important Introduction of American Capital i South America Ameri-ca Friendly Relations at Ogden I Sherman CutOff bearing Completion I Comple-tion Col Dodge in TJtuh Burlington I Burling-ton Secures Coal Lands New York Feb 7Four million I dollars will bo expended during the next two years In this country in the purchase of equipment and rolling I Block by the Guayaquil Quito railway i rail-way of Ecuador which is now being I built by a syndicate of New Yorkers I and Englishmen The road will be I about 300 miles long The road will connect Guayaquil which has a population of 110000 ands I S and-s one of the most Important seaports on the west coast oC South America with Quito which has 200000 Inhabitants Inhabi-tants This marks the first important Introduction oC American capital Into South American railroads such undertakings i un-dertakings having hitherto been financed through Brlt handothel J European sources The Carnegie Steel company has already delivered 60000 I tons of Steel rails for the road and Is soon to ship 40000 tons more An additional addi-tional contract for 10000 tons has just been signed I This contract which Is valued at 5900000 is the second largest ever placed in tho United States for trade Delivery will begin inside of six weeks and Is to extend over a period of two years by which time the road will bo completed Eighteen locomotives are to be built at the Baldwin Locomotive works in I Philadelphia and the Tjlma Locomotive Locomo-tive and Machine works oC Lima 0 are to turn out two fiftyton engines The American Car and Foundry company of this city will manufacture manufac-ture 300 cars These cars are fat box and stock cars and will cost 160000 The Jackson Sharp Manufacturing Manufactur-ing company of Wilmington Del will build twenty passenger coaches costing cost-ing 580000 Archer Harman one of the American Ameri-can directors of the enterprise saii that fully 3600000 Is to be spent for rollingstock equipments etc before the road begins operations AdditiOnal Addi-tional contracts for twentyfive locg motlves and 1700 freight cars are about to be placed American manufacturers will secure all these contracts |