The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1880-11-14
UTAH EASTERN.
The Topic Of Friday Morning Con.
tlnued.
More Sound Views About the Pc
pular Little Road.

Concerning the article in the
HERALD day or two ago, regarding
the Utah Eastern. given as the result
OF conversation with 3 gentleman
identified With the road, a few more
ideas may be given. Meeting the
same gentleman again on Saturday
be ssid: Your article stated my ideas
correctly 90 far SO they went; but
there are still few points untouched.
You see, the question is frequently
asked why, il, as you say, the Utah
Eastern is q good investment, our
moneyed men do not 90 into it? Now
| said the Utah Eastern is good in.
vestment for the masses. l did not
say for moneyed men; and right here
| will state that Ne don't want to-
build the read on any false basis or to
attempt to delude any man into the
belief that it will be q grand financial
success, and We do not propose that
any person shall ever have occasion |
TO characterize il as q grand financial
failure. Had the enterprise now in
augursted offered inducements to
moneyed men, as a financial specula
ton, the Utah Eastern. or . road
with 8 similar object, would hAvs
been a reality long ago. The begin
ming of the enterprise was delayed as
long as the delay could be endured,
and low it has TO be built by
the people. Our moneyed men will
not 90 into it, however much
good may result to the masses from
It, because it does not guarantee =
certain interest every year on every
dollar invested, and We have not yet
arrived at that degrse of wholesouled-
ness which makes philanthropists
,Hch 90 would come forward and lend
heir means to an enterprise for the
good OF the people. even though they
mould loose by the operation. But We
ion't want moneyed men in it; that
would imply probable monopoly. or
! possible transfer to q monopoly, I
which would leave US just where we
IRE now. The road il built for the
protection OF the people. and in order
hat it may serve the object intended,
I must be owned and controlled by
he people. 10 order that this may
70 its condition. it is necessary that
! should be built by the peoples sl
Abor and With the peoples money, o
nd all the good results will belong to &
be people. In this. however. it will
q like the rain OF heaven, which
Ais upon the just and unjust alike.
1r those who have the means and
ill net contribute 10 the enterprise
ill receive the same good as those
no do; but it would be just as absurd =,
, pray that no rain or snow may fall, "
scsuse the unjust also profit by it, as to sc
,fuss to aid the Utah Eastern because al
le undsserving will enjoy its benefits I'll
ith the deserving. To refuse to bC
lild the road on tnst ground, would m
3 a sort of cutting eff ones nose to OF
ute ones countensnce. l said the az
,aj was not q good financial invest til
ent for moneyed man. | would al
lslify that remark little. 1t will M
! just as good an Investment for the re
oneyed man as it will for the poor NJ
an in limited sense. The poor ell
an, who burns five tons year. will Ia
We $15 on an investment OF $50; the co
cher man, who burns ten tons q "a
ar. will save $50 on an investment in
500. or on an investment OF $50, On
I'd so on. Hence it has recommen. m
.tions for all. Regarding the mat, ev
r of competition, there need be no vii
ch dreGd, and it will not be as of
eat a. is feared. At periods during wi
6 year the Union Pacific is unable as
supply all the coal demanded by ce
Q public. say it is unable 10 sup al
? the demand for the Teason-spd be
e to it's credit-that it sells at the fol
me price when coal is scarce as pi,
len it 10 plentiful. II, when coal sm
ire scarce, it demanded higher Or
icee, then just cemplsint could be an
ade.. Now the Utah Eastern will
lp to supply this scarcity. Again, sol
th coal at IS ton, many persons do
10 now burn wood. will use De
al; many who can only afford
2 uEO Hltu OOuA hh 20 pei tObg Will
an feel able to keep two fires; with
eapness comes increased consump- DC
N. and while the profits may not ..
go largo, the returns will be more y.
pid, and in the end the profits will No
pretty nearly the same. l don't
re how unfavorAbls persons may
esk of the Utah Eastern. the causes
itch urge its construction are as
ind as those OF any enterprise,
d il it should be iailure-a result
itch is farthest Of anything from
? mind-it will be because popular VII
lacy has been taken in one marked mn
stance for sound reason. =,
In this connection it may as we'll ~
added that $40 shares are offered Wv
r sale. It has been suggested by ~
Iblic thinking man, who is a firm ~
end to the road, that il the directors ~
II offer to redeem these $40 shares ~
the compilation of the road, there g
ii be no difficulty in securing pur- az
Iasers. The idea ia that il any ~
,lder of a SO share does not care to !"
holder any longer, he can use it
travel Oh the road and to pay for
sight, etc. The idea is one worthy II