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Show ran m a y ASSISTilFFAI Prominent Salt. Lake Capitalist Said to Be Figuring With This in View. PROMOTER CUT OFF OTHER NEGOTIATIONS Only U00 Miles of Construction Necessary to Complete the Line to Zion. Special to The Tribune. DENVER, Colo., Feb. 15 Tho Evening Post sa3s: Tho building of the Moffat road from I ho Utah state line (.6 Salt 'Lake City will bo decided upon at a conference confer-ence hero between David II. Moffat, its president and builder, and W. S. McCor-niek, McCor-niek, the Salt Lako banker and million- 1 aire, according to a report afloat in local finaucial circles. Moffat and McCornick, who occupy positions of about relative importance in Denver and Salt Lake, have been considering this plan for some time, it is said, and this impending deal was the real reason Moffat eo suddenly ended negotiations with a syndicate of eastern east-ern capitalists who had arranged to purchase pur-chase the controlling stock of the Colorado-Utah Construction companj'. . And from these broken negotiations botween David H. Moffat, representing the Colorado-Utah Construction company, and Reginald Taile, representing tho English Eng-lish gvndicate, grew Vaile's suit against Moffat for $1,700,000. Moffat's Statement. "As Mr. Vaile and his English 83-11-dieato lost nothing through us, and as the experts were at no expense in coming com-ing out here, I do not see where thero is anv basis for his suit," said David H. Moffat. The Moffat road is now into Steamboat Steam-boat Springs, 214 miles, and, the $1,500,-000 $1,500,-000 shops of the companj are to be erected at Haydon. Only 300 miles remains re-mains to complete tho road to Salt Lake, and Mr. Moffat has arranged to begin orciencling the road to tho Utah line this year. It would bo a logical conclusion' for W. S. McCornick and other Utah capitalists to join with Colorado's Colo-rado's empire builder, as both could profit immediately through the development develop-ment of their properties which will go hand in hand with the construction of the Moffat road to Salt Lake. |