Show TALKING DINT AH BASIN RAILROAD IN NEW If YORK I t. i if Railroad news Is s no now scattered e all the way from New York to Salt Lake City by way of Denver In New York yesterday there was held a meeting which may result in big things Prominent capitalists who own oil coal and hydrocarbon lands lauds in Northeastern Utah and Northwestern Colorado gathered there to discuss the feasibility of a Uintah basin railroad Sir John l recent owner of the Canadian Northern and his engineer Errington Arrington who is labor commissioner commission commission- er for Canada were at this meeting It is proposed according to Govern Govern- Governor governor govern govern- or Bamberger that Utah raise 2 2 and that outside capitalists put up the rest We hope to soon publish an account of the New York meeting On the first day of September capitalists of or Colorado began their campaign for funds for bu building the theM M Moffat off at tunnel and for the completion of the road from Craig Colorado to the Utah line The following dispatch dated September 3 was sent from Denver President Hodges of the Denver Civic and Commercial association has submitted a plan for the construction construction construction con con- of tho the James Peak tunnel which will probably be adopted and successfully carried through by Denver Denver Denver Den Den- ver business men at an early date He proposes Issuing to in 6 per cent bonds to be besold besold besold sold to the public The plan has al already already already al- al ready been indorsed by leading Denver Denver Den Den- ve ver men who have also approved the proposition for a selling bond campaign in Denver conducted as were the Liberty loan campaigns A summary of or the Hodges plan follows 1 Issuance I-Issuance of 6 per cent bonds 2 A 2 A total issue sufficient to build the tunnel supply electrical equipment and provide a fund for forthe forthe forthe the roads road's operating deficit during the year three-year period of or tion 3 Guarantee 3 in interest and principal by the railroad company to the subscribers that the bonds may maybe maybe be the safest railroad bonds in the world 4 Guarantee 4 of future bonuses 1 by y the railroad company to the tunnel tunnel tunnel tun tun- nel company subscribers by which the tho sale of the bonds would be furth furth- ered 5 S Securities 5 payable In four annual annual an an- nual installments 6 Sale 6 Sale of bonds without commis- commis 1 i sign sion i 7 Program 7 Program to be lie carried out by bythe bythe I the Denver Civic and Commercial as asI association as- as as representative of D Denver nver I citizens as a whole and with the co co- co- co f operation of other similar organizations organizations throughout the state I W W. G. G Evans who has worked for forthe forthe forthe the tunnel construction for years heartily indorsed the Hodges plan He states that people along the present mileage of the Moffat 1 road load and as many more In the Uintah Uintah Uin Uin- tah basin are clamoring for the uin-I uin tunnel tunnel tunnel tun tun- nel and extension of ot the railroad to Salt Lake I Salt Lake financiers are still busy raising money for the preliminary work and for the purchase of rights of ofay way ay At last accounts between 65 and 75 76 business men had subscribed subscribed subscribed sub sub- scribed 1000 each for that purpose pur pur- pose These same men represent money enough to build the road from Salt Laek Lack to Craig if they decided decided decided de de- to do so Following are among those who have subscribed Simon Bamberger W. W J. J Halloran Halloran Halloran Hallo- Hallo ran Schramm-Johnson Schramm Drugs VF W. W F F. F Jensen Sweet Candy company Patrick Decker-Patrick company The Salt Lake Tribune ne S. S R. R Inch Keith- Keith OBrien O'Brien company Walker Brothers Bankers National City bank A. A D. D MCMullen C. C P. P Castle Walker Brothers' Brothers Dr Dry Goods company F. F A. A Galigher Gallgher Machinery company R. R Jones Capital Electric company C C. C A. A Faus N. N W. W Hamilton McCornick McCornick l nick Co Bankers Tracy Loan Trust company Jo John n Dern Dorn National Copper Bank T. T N N. Taylor National Bank Dank of the Brown Drown Terry Terry Terry Ter Ter- ry Woodruff company J. J E. E Ulrich Ulrich Ulrich Ul- Ul rich Harden Bennion Dennion Tyng Warehouse Warehouse Ware- Ware house bouse company Paterson Strevell-Paterson Hardware company John C. C Howard C C. C B B. B Hawley B. B F. F Redman Salt Lake Hardware company Gardner Adams company Freed Furniture Carpet company Salt Lake Union Stockyards company Utah Grocer company Utah Wholesale Grocery company Auerbach Co A A. E E. E Kimball C. C A. A Day M. M T. T Streeter Paris Millinery l company B D. D G G. Richardson Pearsall Leyson-Pearsall company Jenkins Ashton-Jenkins company M M. A A. A Keyser company company Kimball Richards company Hotel Utah company company company com com- pany Salt SnIt Lake Herald Daynes- Daynes Dee Bee Music company C C. W W. Nibley Crawford Furniture company Heber J. J Grant Co Paramount-Empress Paramount theater Deseret News Utah State National bank J J. J P. P Gardner A few nights ago Governor Bamberger Bamberger Bam- Bam berger went to Provo Prove and Springville Spring Spring- vUle ville to ascertain what they would do The following telegram dated I September 6 G was sent from Provo to I the Salt Lake papers Provo and Utah county went on I record tonight as heartily in favor of building a railroad into the Uintah 1 basin from this valley by way of Hobble Creek canyon Ten Provo citizens in the Commercial Commercial Commercial Commer Commer- cial club subscribed 1000 each and andi i 60 such subscriptions sUbscriptions' were pledged Those who subscribed 1000 each are Jesse Knight H. H T. T Reynolds R. R A. A Deal George E E. E Parton Parton Parton Par- Par ton Col Cot C. C E E. Loose J. J William Knight William M M. Roylance J. J F. F l George E. E Hyde and Thomas N. N Delegations were present presen t from all towns in Utah county The enthusiastic enthusiastic as tic meeting was directed by Jesse M M. Harmon president of or the commercial commercial commercial com com- I mercial club and the local speaker in advocacy of tho the new railroad was Walter P. P Whitehead chairman of or the clubs club's railway committee Governor Dam Bamberger berger Lester D D. Freed and J. J David Larson came came i down from the capital to attend attend the i meeting The governor said that the the route through Hobble Cre Creek k canyon was the most feasible yet discovered and could be built with a maximum grade of 2 per cent His outline of I the plan was received with acclaim by all as being a step in realization in-realization of full of the tho Uintah reg reg- ion Mr Freed told of the plan to enlist Utah capital before carrying the subscription campaign outside the state He said he regarded it as a great investment opportunity because because because be be- cause of the richness o of Uintah county county county coun coun- ty in undeveloped agriculture and coal and gilsonite deposits At the close of the meeting it was declared that the railroad was certain certain certain tain of construction so far as Provo and Utah county aid is concerned o 41 |