The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1880-11-12
UTAH EASTERN.
Facts, Figures and Fancies on an
Investment for the Masses.
ROw to Get Cheap Coal and Build
Up the Country.
Something of Interest to All.


IL be derived from the completion Of
DO the road, and its wisdom as popular
IA investment. The substance Of this
q. conversation, on q matter of such
I public interest, 10 we'll worth giving.
n Regarding the matter OF . railroad
d light with the Union Pacific. he said
l. such an idea was erroneous. There
A could be no fight. We have in this
= territory vast fields OF excellent coal,
i and as q matter of public good and
, tor the best interests of the territory
, We should use that in preference to
, bringing it from adjoining territories.
Instead of giving employment to-
Cinnamon, or even white men, out |
side OF Utah, work in coal mines !
should be given to citizens here, to
persons who have come to live and to
build up the interests of Utah; then
the money now paid for labor aWay
from here would be retained in the
territory, and would be distributed
among our own items and would
contribute to the wealth of all in
stead of contributing as now to the
wealth of others who have no in
terest in Utah and her people
| excepting 80 far as the amount
OF money they can get out OF
DER and her citizens Just carry
out In every respect, the plan now l
pursued With regard to our coal; and I
bring all our -four, vegetables, clothes,
boots and shoes and other necessarles l
OF life, from the adjoining states and r
territories, and how long would We
exist! Such . thing would be the
worst kind of idiotic suicide; and il
80 Injurious as whole, it is proper.
tionately injurious in part. The 81
Interests OF q country are best sub a.
served by the production of as many
things as possible, in as many direc. :.
tons, when such variety OF produc =
tons is consistent with the natural a
Of the country. l mean 90
that We should raise as much wheat, -
As many potatoes, and produce as 81
much precious metal and coal as 70
but that it would be absurd ~
10 attempt to raise tea, coffee and VI
other articles to the cultivation of ~
which our climate and natural ad
are totally unsuited. Now uu
We have plenty of coal, good coal, 40
here, and it is suicidal policy not to ~
produce and to consume it. We're the "
Union Pacific not interested in coal ire
niDes o: its own, or we're it. willing to u
i've US the advantages to which, in cu
cal justice, we are entitled. we could lnt
york our mines and supply this city e''
nd vicinity with a much cheaper
nd fully as good an article OF coal as ,
nat which is now sold here. l NAV
~ better article than has been sold es'
ere OF late. But the U. P. naturally
ives precedence to its own interests;
nd srrangeE matters 90 that it is not
rohtable to work our coal6elds; and '
luS forces Us to take what they choose sele
, give us at a very exorbitant rate. of
egaliy this is all right, and We are not gen
ghting on account OF it. But We
eve sn opportunity to make coal o
reaper and to develop our mines at
le came time; this opportunity is
rough the Utah Eastern railroad;
I'D because We propose to take ad- n
Intsge of this opportunity, and to y
oft by it, even though it may be thls
the disadvantage of the U. P, does PER-
follow tbst We are making fight ? ART.
be idea is simply absurd. 1t ia q mat mir
r OF self-prsservstion, and the PEG Len
Q are foolish if they do not take sd- Son
.ntage OF it. Dur
Que share OF stock valued at $50, the
lrcnaseo by every person In tnls LAX
unity who consumes five tons OF mar
oil in the year, would build the the
tab Eastern TO this city and equip of ,
e road. Now the question is, Would The
is be 9 profitable investment to extr
csc coal cousumersf / argue that it
,uld. Those who object to the road -
a financial investment do 20 on the
ound tia: as soon "a the Utah Lax
Astern is completed to this city, the sun
MON Pacific will lower the price of try.
coal; and that at whatever figure eret
} can afiord to sell, it will pay them Lax
sell still lower. The effect OF this
II be to turn the tide of trade in
Vor OF the Union Pacific: for people,
a rule, always buy where they can A
lrchase the cheapest; and the result alltl
1uld be ths necessity Of suspension ltao
operations on the Utah East
n. Admitting this to be
@ fact, the UtAn Eastern would still d
q good popular investment. As
now stands We pay IS per ton for on
,od coal. II the Utah Eastern were pres
mpleted to this CITY good coal could z
purcuSssI Iot ~ per 'on' 90 per lex
Iases one share of Utah Eastern q
ock and pays $50 for the same, Frid
nile it might never pay him a divi-
md, would still be making good
lauciAl investment, and for this A
ason: He burns five tons OF coal per aud
ar, for which, at the present rate, New
pays $40; with the Utah Eastern o:
mpleted, he gets the same for $25,
saving OF SIS year. Money saved V
money gained. you understand, and MA
us a. SI5 W. ~ Wv " aoostr,I lows
ttery man could not ask anything 20,
liter than that. But further: In the O-'
.st year he gets his coal and SIS
Ick of the original investment. He
en has but $35 invested 10 the A
cond year be gets his coal and an thai
Der $15 OF the original investment disc
.ck, or q saving OF SIS on $35. He ston
len has but $50 invested; in he sc,i
Iird year be gets back another SIS, con
j an Investment OF $50; be saves in IA 4
10 fourth year SIS again, on az in are
sstment of So; and by that hsv
me he has sll his money Wi
ack and SO besides, while in n
le remaining years be keeps getting
,e same amount of coal and is SIS
head every year, assuming that be
ves only five tons per snuum; and 1
@ still has his $50 invested in the sufi
bad and if i. operates he gets his bro
interest on that besides. Why, % a the
epular investment it cannot be AN
eaten. II the Utah Eastern never per
al 9 car over lie route The day after izst
q completion, and coal is reduced to syrr
5 per ton, it is q good investment pro
u the masses, and no business msn eve
viii say 10 the contrary. Scr
But the Utah Eastern will run. 1t nes
! Q small road, and once omplsted, ord
be expenses OF running it will be ind