Show REPORT REVIVED D OP OF MOFFAT FAT ROAD OAD BUILDING Press ress reports from Colorado and items in the Salt Lake papers insist that the Moffat road is shortly to become active in pushing its lin line on westward While the matter is not I taken very seriously in the basin from what seems reliable authority t ity ty y the story hobs bobs up with frequent 1 I The lie TIt r has has- J just s t failed fail fail- ed to to pay pay the interest on its outI out- out I l bond bonds but but this this is is assigned assign d das as a policy of the company company on a re re- re n system The f following is taken from the Herald can I Failure of the Denver Salt Lake railroad to pay interest on its I bonds is in line with a plan for reorganization reorganization reorganization re re- re- re organization of the road wl which ich conI contemplates con contemplates con con- I templates the of the line I from Craig to Salt Lake through the Uintah basin says J. J A A. A McIlwee l who is among those who vho have been invited to join in th the syndicate which is to build the the extension Mr 11 McIlwee McIlwee McIlwee Mc- Mc is one of the foremost tunnel builders in the country At the Hotel Utah last night he lie declared the road will be built through as it is the short line from the eastern to the western slope of or orthe the Rocky mou mountains and means the saving of much time in transportation tion of freight and passengers The financiers who ho are behind the reorganization of oC the Denver Salt Lake have refus refused d to pay the interest on the bonds Mr 11 McIlwee 1 says as they believe the money mone should go into the construction of or the Ufe extension to complete the road Mr McIlwee l it not discuss matters in iii I I i tion lion with the building in of th the James James' I peak tunnel but it was understood that he lie has been promised the the con contract contract contract tract of that part of part of the road in the event he be joins the syndicate which I is to complete the line through to this city I Mr 11 1 McIlwee has been In consultation consultation consul consul- tation for two weeks with those who are at the tho head of the syndicate in Denver and declares that if the will be plans arc are matured mature the road built How to interest Colorado and Utah capital is one of the matters the syndicate is considering and Mr 11 McIlwee 1 says that a number of Salt SaltI Lake men men have shown concern in the proposition an and that the money will willbe willbe willbe be forthcoming as soon as eastern men are ready to come forward Mr McIlwee says that the Denver Salt Lake Lako has been working for out of its some time to find a away way difficulties and that as the earnings of the tho road showed a profit it was thought best to suspend interest payment pay pay- n meat ment ent and put the net earnings of The rhe the road into construction April earnings of he road he lie declared e ed were more than thenet tho the net earnings of 1915 for the tho same month N Its carries out If the syndicate plans the road will b be built through l l I Ic 1 t to Salt Lake Lale said Mr 11 cannot c knot toll who is interested sU d at this time dine mo but the finances are arc practically practical practical- practical practical- ly Jr if it nothing goes wrong J S IF I |