Show MOffAT TUNNEL is s NOW It Will Cut Time of Railroad Railroad Rail Rail- road Journey From Salt LalIe LaKe City to Denver Almost Almost Almost Al Al- most in Two DENVER Oct 2 25 The The Th Continental Tunnel Railway company compan has filed fild It Its maps map charts and blue prints with the United States land office and is 18 now a Ii asure sUr sure stirs enough railroad com company pall The data dita flied filed with the tho government shows s that tho the company o will not only build a six mile tunnel through h the main range for the use uso of ot the Moffat road but will own thirteen mileage e In th the approaches approach B to the tunnel mileage In the approaches to the tunnel and In the tunnel Itself At a m meeting of or the directors of or the company Tuesday Myron T T. Herrick former former for for- Jn mer r governor of or Ohio was as el elected a di director director dl- dl I rector to take the place made vacant by j the r resignation of ot J. J H H. Crawford of Steamboat lea a Springs Springs- I Mr Crawford retires from irom the because lI of or his ma Inability to attend the meetings being held in Venyer Den Ven- very ver Regardless of or his retirement he has not lost any of or his enthusiasm regarding the proposed tunnel Tho The meeting was as one of ot the best attended attend attend- ed of or an any yet held John W. W Springer presided pre pre- fid sided d and it was 3 at the suggestion on of or T. T F. F Walsh president of ot the company compan that Mr Jr Herrick was elected u a. director The Tho directors have hl approved ed the form of l subscription blank for tho the bonds which was as prepared by b- Attorneys J J. J B B. Blood Land and C. C J. J Hughes Hushes Jr and within a a. week 1 subscriptions will be taken Mr Springer has hOj sent cent the copy to the lie printer today and expects to ha e some of or the blanks b by tomorrow It was announced at tho the rne meeting that the Moffat road rond has agreed to place 25 2 5 of Its Ita first mortgage ge bonds bond In es escrow es crow as a guarantee of or its HI good Food faith The railroad company will contract to tolse use lse the tho tunnel forever Mr Springer rays pays that the subscription blank a agreed recd upon provides that the mone money subscribed d shall bo paid on or be before before be- be fore February f. f I 1908 1906 The entire sum of or the subscription ma may be paid at that dint one time lime or a first payment of or 10 per cent ma may be made and tho the balance paid for at the tho rate of or 5 b per cent n month The Tho directors originally a agreed Jo to require re- re quire Quire Quire-a a first payment pa of or 10 pet per and monthly payments of 10 per cent until tho the entire amount of tho the subscription Is paid Now the they have o decided that the they will give Fil every cry Investor in the tho state an on opportunity to bu buy om some of or tho the bonds Iea Ifa If Ie Ifa a man wishes to bu buy but hut one ono bond bond bond- nOt bond he lie may do BO so and p pay y for fOl It II on tho the in installment In- In f ta plan All 1 the mone money will m draw drow 6 per cent from the tho timo It la 18 deposited naya 1118 Mr Ir Springer The bond issue will bo one otio onor of or the best hl high h das class securities ever orre offered rl in the west went If Ie the bonds were cre not nol gilt t. I edged it Is not likely that a 1 lot of or ilK us bankers bf who are aro classed c ns as opposition 1 bankers to Mr Moffat would alto tako any of thorn When When this tunnel is completed the thc time line of or a 0 trip p to Salt Lako Lake City will wm bo ho cut cul almost In two |