Show DENVER MEN TAKE HALF OF BOND ISSUE I J J. A A. McIlwee of l Son tunnel contractors of of Denver who are areto areto areto to build the gre great t Moffatt tt tunnel be between between between be- be tween Denver and Salt Lake Is registered registered registered regis regis- at the Hotel Utah Mr McIlwee says that at a recent meeting of bondholders bondholders bondholders bond bond- holders In New York bonds to the amount of were arranged for forto forto forto to underwrite all mortgages and bonds of the company Eastern financiers will handle of the bonds and Denver subscribers subscribers subscribers sub sub- scribers the other half The D Denver nver capitalists have already subscribed their and as soon as the eastern subscribers arrange to take takeover takeover takeover over the bonds work on the tunnel will commence The proposed tunnel Is fifty miles west of Denver on the Denver Salt Lake railroad and will wUl be bored through the Continental divide It will be six and a fraction miles long and Mr estimates they will complete the Job In four years' years time The original plan when the tunnel project was first taken up was that the Moffatt road would then come Into Salt Lake giving this city another transcontinental railroad Mr 1 says that this will mean a great deal dealto dealto dealto to Salt Lake In tourist and freight traffic At present trains have to climb over an foot elevation and because of the heavy snows In the winter and steep grades cannot handle the little traffic they get from the coal mines in Routt county |