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Show H.' A Road To Ely, Nevada. HI It is a lasting pity that by the mandates of the H Constitution of the State, this city cannot bond H( itself to build a road to Ely district, Nevada. The H road could be bu It and equipped for $10,000 per H1 mile. It could before expending more than $300 H obtain contracts for. a freightage of 1,000 tons of H ore per day for years to come, at $3.00 per ton, or, H running 300 days in the year, be sure of a revenue BBBBBBBBBBBBBBBBBB91 of $900,000 per annum. If one-thircj of that amount were needed for operating expenses and repairs, then $000,000 per annum would be left. That would be equal to 30 per cent on the entire cost of .the road, or 7 per cent on the bonds, 7 per cent for a sinking fund, and! 1G per cent fopr dividends, divi-dends, which would, devoted to the city's needs, clear it of debt and in twenty years make it the splendor of the intermountain country. But to the 1,000 tons guaranteed there would be added probably 1,000 tons more from the districts tills side of Ely, certainly 1,000 tons more from Ely itself. Then there would be 1,000 tons of coal to carry west; there would be the passenger travel to and from Dugway, Granite Mountain, Gold Hill, Deep Creek, Munsoy, Orem, Kearn, two or three other districts and Ely. There would be at least a part of the merchandise to Ely and all to the other districts named here, and Ely Is going to be as big a city in the next ten years as Butte is now; there would be the trade of the best part of eastern Nevada. Ne-vada. If any other road sought to parallel this road, still the contracts would make the road solid as a great' paying property, and it would have its full share- of all the other business. If any, as is the rule, sneers at the foregoing, let such an one combat the figures from any standpoint, stand-point, for it must be remembered that the developments devel-opments already made bear out the figures. Water Wa-ter and fuel are scarce articles along this line, ana the miners In all the districts untyl Ely is reached would prefer shipping their ores rather than to try to reduce them on the ground. A road to Ely is being rushed now from Toano, on the Southern Pacific, but from Ely to this city a direct line would be 150 miles nearer than via Toano, or quite five hours' travel by a fast train, and that road will' not pass near any of the intervening inter-vening districts mentioned above. When moving for a greater Salt Lake we cannot can-not understand why the business men of this city hesitate for a moment over this project. With a survey made which would cost very little, for it is an open country over more than half the distance dis-tance of which a surveyor would only have to drive on a trot in order to report its entire practicability, practi-cability, and which from end to end does not present pre-sent one engineering difficulty, and with the con- h tracts for ore secured, It would be easy to float bonds for the whole amount, and then the stockholders stock-holders would be able to meet all the fixed charges, the operating expenses, lay by a sinking fund which would take up the bonds in fifteen years and then divide half a million among them-selves them-selves annually. To take the figures which Ely men make and claim are conservative, this amount would be multiplied by five. Then the effect upon Salt Lake would bo to double it even while Ely was taking on the proportions propor-tions of a city. The miners' families would live here, their children would be educated hero, their trade would be here. What would Denver do were such an opportunity oppor-tunity presented? What would, any town excepting except-ing Salt Lake? |
