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Show II 1 ELECTRIC WM ' . FROM OGDEN 1 I ! I PRESTON, 1, Salt Lake, Nov 18 The Tribune says: Delivpry r.f f,000,000 in bonds for the construction of the neiv Ogden, (Lewlston & Northern rallwa. Utah's iStejal eleotri( Inttrurban railway, win lb made this week to French capital lists who purchased file securities. The ibonds are In lloti denominations and delivery Is bring made through the Rait Lake Security & Trust company. com-pany. The bonds for the railroad have all been sold and the money Is available for Immediate construction work. The right of way for the new line has been secured and surveys all made Tonal ruction will begin very soon, ac-ordlnc ac-ordlnc to the present plans of th (stockholders. The now railroad will run from Preston, Idaho. to Ogden. Ctah through one of the richest agncultur al and horticultural sections In Lha west The new road will pass through Preston, Lewlston. Richmond, Bmlthfleld, Hyde Park, Logan. Prov-Idenre, Prov-Idenre, Mllvllle, Hyruin. Paradise. Avon Av-on and through Opdfn canyon Into Ogdcn Th" line will be seventy nnle ij j 1 long. French Capital Interested The new road was projected several .vars ago, but It wan only recently hat sufficient capita! was secured to insure Its construction. Through orge V Crockett of Logan, presl dent of the new railroad, capitalists Paxil became InteretUed in tho new road Tin' Paris financiers purchased pur-chased stock in the new road and ar ranged for the sale of all of the bond- in France The bonds were all Ipld before they wore Issued. They arc now being slgm-d preparatory to their 1 delivery. With the construction of the new railroad through the rich farming I Community It Is expected that ther will be a big boom In the lands i throughout t he- territory which win. feed the new railroad The new road j will bring the farmers many miles J ' k.ser to market and will prow- a irraal Konufll (,. I ).,. hnai' Inn ,ia !... . ted along its route Construct'on Work Easy. The promoters of the new railroad expended J35.0UI) in surveys. Theso surveys cover the entire route of the new road They ghow the construe tlon work on the new road to be very easy with I he exception of a few miles through Ogden canyon The line through the canyon, while difficult of construction, wlil prove to be one of the great scenic attraction!. When arrangements with the bond buyers In France were made about a monta ago for the purchase of these bond6 the Zlon's Savings Bank it Trust compnnv was asked to act Ifl trustee This company. It is report ed, declined to net unless u fee of $15,000 was paid In advance Tho payment pay-ment was not made and some time later the Salt Lake Secarlty & Trust company was made trustee Woork Soon to ffegin j While the date for the actual be- i ginning of construction wort has not J pel been fixed. It la declared that ork will begin not later thnn the -arly spring and possiolv sooner 'I IM promoters of the new road ar on huslnstic over Its prospects and pre Jlct that It will become one of thr biggest lnterurban lines In the west The feasibility of construe ting feeders from Prpsfon i i number of othr rich southern Idaho towns has already al-ready been considered as a probabnl ty soon after th,- construction of the main line In completed |
