Show rf ron ell ALL am H w dom a I 1 0 re R 0 As AH tile the result of an emphatic 4 appeal made to prominent men in attendance at the stilt salt lake co commercial club to build a ralli oad to rasin with etli atah moue mono a tele f gram grain from J david larsen iarsen I arsen 4 sreta secretary ry of the alie club to the 4 vernal express rec re elwed jut just r as we ao go to press sas the fol lowing committee as a appoint 4 4 ed yesterday yest erda and till mill act et to 4 work at onie ne AV W J malloran Ilal nal loran 1 chairman W 1 jensen E 1 0 44 r C V lUcI imond day dav 4 id A smith II 11 C orem C S 4 tinge george 1 14 cAllister jo 4 eph decker julian juban li amberger 4 A 11 george geore T calell 4 4 pres ires A hatch J dai daila id lar aon 11 IL putnam Put uain f i lit in a wire ire from president 4 richmond of tile commercial club he fie sas bas e lime haie finan ced more than fiat million t dollars orth morth of goi eminent 4 be curties because our govern ment askel asked us to aaby cant 4 sie e raise eight or ten in the inta interest rest of our oun oin state t t gling gli ng transportation facilities to the largest agricultural dis tact in an tho the sctt A lulli t mean millions of dollars of added business busi nesa and to the state f salt lake telegram march 15 utah is going to bund a railroad into the finian basin tapping toe richest region yet untouched in the west colorado Onan financiers ciers have been making a aei aeL erminea ellort to lom j plate piete tue tae mailat road which runs out of 0 denver as tar far us the tunnel but does not yet reach the tich tach euintah vaile io wait tor to complete this road would mean woula the ot of the resources oi 01 this region and ana the revenue which would woula accrue to such a pro jolt J david larson secretary of the commercial club announces that a meeting will be held to elect a unetah basin committee next cek k W J halloran Hali oran Is at the head ot or the arrangements range ments definite steps are going to be taken at once on the project that has been under discussion tor ten years yeara local financiers say it may be md a time before the project can by be launched but it 4 is believed that it all preparations are made now the road lan can be speedily constructed as soon as conditions are more favorable and the cost Is not as great as it would be at present among the leaders of the movement in utah are joseph decker of decker patrick company and jesse jeese knight of fiovo governor bamberger announced that hat he be was in the movement heart bind and soul and would bould do all in ills his power ower to aid W C orem of the orem line said he be believed that utah should build the line and that it could be done when conditions were more favorable local railroad men say the road j probably will be started from provo Spring springville ville or spanish fork and that it would thus cut down the distance to about miles to green river there would be from 50 to miles of mountain country to work through the estimated cost of the road is it would come in immediate touch with a strip of country in the uintah valley nalley that Is declared red to be the richest land in the west w senator W 11 II king has a bill framed to secure a reclamation project which will irrigate acres of land near myton it is called the castle peak project it Is known that the government has sent engineers to tho the region who have reported favorably on the project and there Is every evidence that it will go through according to local busin business ess men it colorado gets behind the moffat road completes the moffat tunnel and br the road through to utah f colorado will ill be the one to derive the he greatest benefit from the project ihlae utah would profit to some extent it would never derive the benefit that would accrue it if the road was i built from this end it Is stated already colorado Is securing a substantial amount of trade in the aj uintah baan country colorado has received a report that utah Is gong to offer sub stan i ki in the completing of f fhe ie moffat road this report Is said have originated with L W partridge operator ot of the big gilsonite anines in the uintah basin ile he Is quoted in a colorado paper as hav ienir told tola mayor W F R mills and W G evans evana of the moffat road com mitte of vie the denver civic and commercial i association that utah inter e ests were planning to come to the rescue of the moffat project this Is exactly opposite to what utah interests hope to do according to local men who are interested the colorado paper says bays 1 ilia I he utah financiers plan to build a a railroad from helper fanto tho aln tah basin and on close to the colorado line colorado a failure to compile tha moffat road would result in laying in salt lakes lake a lap a vast amount of trade from northie northwestern 13 t ern colorado but instead of plan planning n lag to use their railroad to grab this colorado trade these utah men are hoping for colorados cooperation in developing both states ahey 1 hey are eager to see the completed to connect with their own the proposed utah railroad would follow closel close to the original survey for the utah division of the moffat road it lg is understood it is understood that two million dollars has been promised toward the road by a uintah valley corporation Ily while lille the proposed road has not been launched as yet a consensus of opinion among utah business men la is to the eifert that the uintah basin road will be built and by utah capital after four years of restricted railway construction the country needs need an increase in railway mileage it the railways were in private hands bands no 10 doubt there would be considerable planning of improvements and exten extensions alons which would increase employment and strengthen industry during the next two years As soon as tile the financial requirements of the gorn go u ment were satisfied the railto ds would enter the investment markets and sell securities to obtain funds for new construction the purchases of the railroads are such a prominent factor in the business lite of the country that congress during the next two sessions may well consider the settlement of the railroad problem as its most important work ilia mere political disposition ot of he railroad problem however would not in itself cause a boom in new construction the main essentials for this are low prices and interest rates for instance when railroad honda paying 4 per cent can be sold at pax and construction materials abib heap a certain mileage cou could niah d oe joe ay say for 10 millions with an aniual it interest charge of ut at the present time with orf costs at least fifty per enalo 0 J normal and good railroad boni bonds selling on a 5 A per cent basis thoraine tho samo saine mileage ral leaga would oat cost 15 millions and the annual interest charge would be more than double this increased charge on nit mileage leage constructed ted at the present time would consume the entire net income in normal times leaving nothing for dividends the test beat financial authorities thorit ties les in the country agree that it is unwise to priced now with new construction except in minor amounts there must be a decrease of nearly early thirty per cent in the cost of mono materials and labor before we can have a countrywide country wide building boom |