| Show MOFFAT TUNNEL ASSURED the moffatt railroads tunnel the one thing that will throw I 1 this section of the state into he be stir surging 9 ing current of the worlds cominer pe and will bring the de served reward to those who have waited and labored for the up building and development of routt county and all northwestern colorado now appears to be assured and it if is the outspoken opinion of those who are closest ito to the great financial heads who contemplate backing the great r bore and the extension of the row to salt lake city that actual operations will begin at once probably within the present month I 1 at a meeting held two weeks ago in newyork new york at which representatives of the greatest banking houses of bf the country listened to the report of the engineering gi firm of james A mcilwee sons the matter of financing the tunnel and the utah extension was taken up seriously I 1 I 1 land and a committee was named to handle the details of the kropa si sit iori i the engineers of the proposed tunnel el construction company have been at work for months on a practical plan for the construction st of the tunnel and their report submitted in detail to the council of financiers not only proved that the plan proposed would be feasible fea gible but that the cost of construction heretofore set high in the seven figures will in reality fall far short of the generally accepted surn sum and that the tunnel can be built on the lowest level surveyed for about what has hitherto been considered the cost of the higher level which cuts through the mountain at a higher altitude and is much shorter though necessitating a much steeper grade and aad encountering more snow in in i the approaches thus it was shown that the most efficient bore could be made at practically the figure figura which it bad W been supposed suppose d would be required for the driving of the shorter makeshift the committee which will at once report on the conditions and on whose report the actual of the boxe boic hinges consists of charles H sabin chairman president of the guarantee trust co of new york edward R tinker jr vice president of the chase national bank of new york eugene V thayer president of the merchants national bank of boston herman waldeck vice president of the continental and commercial national banks of chicago W C forbes of boston former governor of the phillipines Philli pines charles of denver president of the denver salt lake railroad and also an official in the great western sugar company the colorado cement co rid nd the boettcher investment company they will be assisted by the officials of the company and by E W mckenna eastern engineer of the company who recently made an in inspection spec tion of the road with W E morse managing vice president of the moffat road on this trip they took up possible revenue and the deter determination minati on of cos cost t their figures and those of other investigators of the company were used in computing the possible earning power of the rail road it is the avowed opinion of those most likely to speak from personal knowledge that the prospect for the linking of the cities of denver and salt lake via steamboat springs and the coal fields of routt county with consequent opening great undeveloped territory is more than ever before and that this summer will undoubtedly see the commencement of work sentinel steamboat |
